Abstract: The present invention overcomes problem of pseudonymous Blockchain transactions that preclude the identification of an individual or institutional identity that rely solely on a Blockchain address of a recipient in a Blockchain transaction. A system and method is provided that verifies transfers in an on-chain Blockchain Bitcoin transaction by using a sequence of Blockchain Bitcoin transactions that establish and confirm an identity of one or more parties to the transaction.
Abstract: The present invention overcomes problem of pseudonymous Blockchain transactions that preclude the identification of an individual or institutional identity that rely solely on a Blockchain address of a recipient in a Blockchain transaction. A system and method is provided that verifies transfers in an on-chain Blockchain Bitcoin transaction by using a sequence of Blockchain Bitcoin transactions that establish and confirm an identity of one or more parties to the transaction.
Abstract: The present invention overcomes problem of pseudonymous Blockchain transactions that preclude the identification of an individual or institutional identity that rely solely on a Blockchain address of a recipient in a Blockchain transaction. A system and method is provided that verifies transfers in an on-chain Blockchain Bitcoin transaction by using a sequence of Blockchain Bitcoin transactions that establish and confirm an identity of one or more parties to the transaction.
Abstract: System and methods for secure blockchain transactions include forming, by one or more computing devices, a blockchain having a plurality of nodes, each node having a blockchain address. A certification certificate is requested from a certification server. The certification certificate is a trusted certificate that includes one or more fields to verify the identity of an entity associated with the transaction an address field containing a certified address of one of the blockchain nodes. The transaction is verified by determining that the entity is certified by the trusted certificate and that the certified address matches the first blockchain address.
Type:
Application
Filed:
July 3, 2019
Publication date:
January 9, 2020
Applicant:
GMO GLOBALSIGN, INC.
Inventors:
Willow White NOONAN, Lancen LACHANCE, Luuk VAN DEN BROEK