U.S. Patent 11194898 was awarded to nChain Holdings Limited on December 07, 2021 and is entitled “Agent-based turing complete transactions integrating feedback within a blockchain system.” The first named inventor is Craig Steven Wright of London, . The abstract contains an overview of the patent disclosure:

This invention relates generally to blockchain implementations and is suited for, but not limited to, use with the Bitcoin blockchain. It can be used for the implementation of automated processes such as device/system control, process control, distributed computing and storage and others. The invention provides a solution which uses a blockchain to control a process executing on a computing resource. In a preferred embodiment, the computing resource, running simultaneously and in parallel to the blockchain, manages a loop-based operation. The computing resource continuously monitors the state of the blockchain as well as any other off-blockchain input data or source. The execution of the loop is influenced by the state of the blockchain. Each iteration of the loop that is executed by the computing resource is recorded in a transaction that is written to the blockchain. It is stored as a hash within the transaction’s metadata. If the computing resource finds a transaction which contains a hash relating to the loop it accesses the relevant portion of code. The loop contains a conditional statement which enables the computing resource to decide which action to take. The condition may be dependent upon the state of the blockchain or any other data source. The action can be any type of action, on or off the blockchain. Thus, the combination of the computing resource and blockchain provide a solution which is (at least partially) Turing-complete. Link to Full Patent

This blockchain patent was originally filed on February 14, 2017  as U.S. Patent Application 16/078628 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11194898. The primary examiner was J. Brant Murphy.

nChain Holdings Limited, who is the original assignee of this patent, has at least 18 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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