NChain Licensing AG (20240313943). COMPUTER-IMPLEMENTED DECISION MAKING SYSTEM AND METHOD simplified abstract

COMPUTER-IMPLEMENTED DECISION MAKING SYSTEM AND METHOD

Organization Name

nChain Licensing AG

Inventor(s)

Silvia Bartolucci of London (GB)

Pauline Bernat of London (GB)

Daniel Joseph of London (GB)

COMPUTER-IMPLEMENTED DECISION MAKING SYSTEM AND METHOD - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240313943 titled 'COMPUTER-IMPLEMENTED DECISION MAKING SYSTEM AND METHOD

The patent application describes a method for decision-making on a blockchain by receiving first public keys from participants, combining them to generate second public keys representing decisions, and communicating third public keys corresponding to the decisions to the participants. Voting and payment blockchain transactions are then generated based on the participants' selections and decisions.

• Participants provide first public keys representing their selections
• First public keys are combined to generate second public keys representing decisions
• Third public keys corresponding to decisions are communicated to participants
• A voting blockchain transaction is generated using digital signatures of participants' first private keys
• Output of the voting transaction represents a decision based on participants' selections
• A payment blockchain transaction is generated requiring digital signatures corresponding to the decision of the voting transaction

Potential Applications: - Secure and transparent decision-making processes - Voting systems for elections or corporate governance - Payment systems based on collective decisions

Problems Solved: - Ensuring trust and transparency in decision-making - Streamlining voting processes on a blockchain - Facilitating secure and efficient payment transactions

Benefits: - Increased security and transparency in decision-making - Simplified voting processes with blockchain technology - Enhanced efficiency in payment transactions based on collective decisions

Commercial Applications: Title: Blockchain-Based Decision-Making and Payment System Description: This technology can be used in various industries such as finance, governance, and supply chain management to streamline decision-making processes and facilitate secure payments based on collective decisions. Market implications include improved transparency, efficiency, and trust in transactions.

Questions about Blockchain-Based Decision-Making and Payment System: 1. How does this technology enhance the security of decision-making processes on a blockchain? 2. What are the potential commercial uses of this system in different industries?

Original Abstract Submitted

a method for decision-making on a blockchain comprising receiving first public keys from participants, wherein each first public key represents a selection and is related to a first private key. the first public keys are combined to generate second public keys representing decisions based on selections among the participants. third public keys, corresponding to the second public keys, are communicated to the participants. a voting blockchain transaction is generated, with the input being a script executable by using a digital signature corresponding to each participant's first private key. each first private key corresponds to a participant's selection. output of the voting transaction is a script representing a decision based on the participants' selections. a payment blockchain transaction is generated, wherein execution of an output of the payment transaction requires a digital signature corresponding to a third public key corresponding to the decision of the voting transaction.