Computer-implemented system and method for transferring access to digital resource
AssigneenChain Holdings Limited
InventorOwen VAUGHAN
Life of this patent
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Abstract
A computer-implemented method for transferring access to, or control of, a resource is provided. The method comprises the steps of providing a blockchain transaction redeemable to transfer control of a resource by providing a data item (S1) to the first blockchain transaction, wherein the data item is determinable only by a controller of both a revealable value (s) and a secret value (k0), and providing the revealable value to a controller of the secret value to enable said controller to determine the data item. The method may be carried out using the Bitcoin blockchain, or using a combination of different blockchains.
Claims9
A computer-implemented method, the method comprising the steps of:
- providing a first blockchain transaction redeemable to enable access to a first resource by providing at least a data item to the first blockchain transaction, wherein the data item is determinable only by a controller of both a revealable value and a secret value;
- and
- providing the revealable value to a controller of the secret value to enable said controller to determine the data item.
Dependencies are inferred from the claim text.