SG11201806711QA - Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An Automated payroll method and system based on smart contracts - Google Patents
Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An Automated payroll method and system based on smart contractsInfo
- Publication number
- SG11201806711QA SG11201806711QA SG11201806711QA SG11201806711QA SG11201806711QA SG 11201806711Q A SG11201806711Q A SG 11201806711QA SG 11201806711Q A SG11201806711Q A SG 11201806711QA SG 11201806711Q A SG11201806711Q A SG 11201806711QA SG 11201806711Q A SG11201806711Q A SG 11201806711QA
- Authority
- SG
- Singapore
- Prior art keywords
- payroll
- node
- international
- blockchain
- churchill
- Prior art date
Links
Classifications
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/12—Accounting
- G06Q40/125—Finance or payroll
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
- G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
- G06Q20/065—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash
- G06Q20/0658—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash e-cash managed locally
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/08—Key distribution or management, e.g. generation, sharing or updating, of cryptographic keys or passwords
- H04L9/0816—Key establishment, i.e. cryptographic processes or cryptographic protocols whereby a shared secret becomes available to two or more parties, for subsequent use
- H04L9/0838—Key agreement, i.e. key establishment technique in which a shared key is derived by parties as a function of information contributed by, or associated with, each of these
- H04L9/0841—Key agreement, i.e. key establishment technique in which a shared key is derived by parties as a function of information contributed by, or associated with, each of these involving Diffie-Hellman or related key agreement protocols
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q10/00—Administration; Management
- G06Q10/10—Office automation; Time management
- G06Q10/105—Human resources
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
- G06Q20/3829—Payment protocols; Details thereof insuring higher security of transaction involving key management
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/06—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols the encryption apparatus using shift registers or memories for block-wise or stream coding, e.g. DES systems or RC4; Hash functions; Pseudorandom sequence generators
- H04L9/0618—Block ciphers, i.e. encrypting groups of characters of a plain text message using fixed encryption transformation
- H04L9/0637—Modes of operation, e.g. cipher block chaining [CBC], electronic codebook [ECB] or Galois/counter mode [GCM]
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/06—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols the encryption apparatus using shift registers or memories for block-wise or stream coding, e.g. DES systems or RC4; Hash functions; Pseudorandom sequence generators
- H04L9/0643—Hash functions, e.g. MD5, SHA, HMAC or f9 MAC
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/08—Key distribution or management, e.g. generation, sharing or updating, of cryptographic keys or passwords
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/14—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols using a plurality of keys or algorithms
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/30—Public key, i.e. encryption algorithm being computationally infeasible to invert or user's encryption keys not requiring secrecy
- H04L9/3066—Public key, i.e. encryption algorithm being computationally infeasible to invert or user's encryption keys not requiring secrecy involving algebraic varieties, e.g. elliptic or hyper-elliptic curves
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/30—Public key, i.e. encryption algorithm being computationally infeasible to invert or user's encryption keys not requiring secrecy
- H04L9/3066—Public key, i.e. encryption algorithm being computationally infeasible to invert or user's encryption keys not requiring secrecy involving algebraic varieties, e.g. elliptic or hyper-elliptic curves
- H04L9/3073—Public key, i.e. encryption algorithm being computationally infeasible to invert or user's encryption keys not requiring secrecy involving algebraic varieties, e.g. elliptic or hyper-elliptic curves involving pairings, e.g. identity based encryption [IBE], bilinear mappings or bilinear pairings, e.g. Weil or Tate pairing
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q2220/00—Business processing using cryptography
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L2209/00—Additional information or applications relating to cryptographic mechanisms or cryptographic arrangements for secret or secure communication H04L9/00
- H04L2209/56—Financial cryptography, e.g. electronic payment or e-cash
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/50—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols using hash chains, e.g. blockchains or hash trees
Abstract
24 11 Eavesdropper 19 19 19 Fig. 1 17 First user 21 Third node Second user 7 27 5 First node IP PIP Second node E PIE 15 (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (10) International Publication Number (43) International Publication Date WO 2017/145021 Al 31 August 2017 (31.08.2017) WIPO I PCT 11111111111111011101010111110101111101110101111110011010111011111111111110111111 W O 20 17 / 145 0 21 Al (51) International Patent Classification: H04L 9/08 (2006.01) HO4L 9/30 (2006.01) (21) International Application Number: PCT/IB2017/050867 (22) International Filing Date: 16 February 2017 (16.02.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 1603117.1 23 February 2016 (23.02.2016) GB 1603125.4 23 February 2016 (23.02.2016) GB 1604495.0 16 March 2016 (16.03.2016) GB 1619301.3 15 November 2016 (15.11.2016) GB (71) Applicant: NCHAIN HOLDINGS LIMITED [AG/AG]; Fitzgerald House, 44 Church Street, St. John's (AG). (72) Inventors: WRIGHT, Craig Steven; c/o Urquhart-Dykes & Lord LLP, 7th Floor Churchill House, Churchill Way, Cardiff CF10 2HH (GB). SAVANAH, Stephane; c/o Ur- quhart-Dykes & Lord LLP, 7th Floor Churchill House, Churchill Way, Cardiff CF10 2HH (GB). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3)) (54) Title: Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An = Automated payroll method and system based on smart contracts (57) : The invention relates to blockchain technologies such as the Bitcoin blockchain, and the tokenisation of assets or en- tities. It is particularly suited for implementing a payroll on a blockchain platform and comprises a method (100) and system (1) of transferring cryptocurrency from a first node (3) to a second node (7). Both nodes (3, 7) are associated with a payroll and have a re - spective asymmetric cryptography pair, each pair including a master private key and a master public key. Respective additional private and public keys may be determined based on the master private key, master public key and a generator value at each node. The additional private and public keys may form a hierarchical structure. A common secret may be determined at each of the nodes (3, 7) based on the additional private and public keys. The common secret may be used to securely transmit confidential information across a communications network (5).
Applications Claiming Priority (5)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
GBGB1603117.1A GB201603117D0 (en) | 2016-02-23 | 2016-02-23 | Determining a common secret for two blockchain nodes for the secure exchange of information |
GBGB1603125.4A GB201603125D0 (en) | 2016-02-23 | 2016-02-23 | Universal tokenisation system for blockchain based cryptocurrencies |
GBGB1604495.0A GB201604495D0 (en) | 2016-03-16 | 2016-03-16 | Method and system for efficient transfer of cryptocurrency associated with a payroll on a peer-to-peer distributed ledger that leads to a automated payroll |
GB201619301 | 2016-11-15 | ||
PCT/IB2017/050867 WO2017145021A1 (en) | 2016-02-23 | 2017-02-16 | Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An Automated payroll method and system based on smart contracts |
Publications (1)
Publication Number | Publication Date |
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SG11201806711QA true SG11201806711QA (en) | 2018-09-27 |
Family
ID=58231665
Family Applications (2)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
SG10202007905VA SG10202007905VA (en) | 2016-02-23 | 2017-02-16 | Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An Automated payroll method and system based on smart contracts |
SG11201806711QA SG11201806711QA (en) | 2016-02-23 | 2017-02-16 | Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An Automated payroll method and system based on smart contracts |
Family Applications Before (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
SG10202007905VA SG10202007905VA (en) | 2016-02-23 | 2017-02-16 | Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to An Automated payroll method and system based on smart contracts |
Country Status (16)
Country | Link |
---|---|
US (3) | US11126976B2 (en) |
EP (2) | EP3420668B1 (en) |
JP (2) | JP7083754B2 (en) |
KR (1) | KR20180115766A (en) |
CN (1) | CN109314637B (en) |
AU (1) | AU2017223138B2 (en) |
BR (1) | BR112018016805A2 (en) |
CA (1) | CA3014727A1 (en) |
EA (1) | EA201891829A1 (en) |
GB (1) | GB2561726A (en) |
HK (1) | HK1259178A1 (en) |
MX (1) | MX2018010058A (en) |
PH (1) | PH12018501741A1 (en) |
SG (2) | SG10202007905VA (en) |
WO (1) | WO2017145021A1 (en) |
ZA (1) | ZA201805078B (en) |
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US20190392536A1 (en) | 2018-06-26 | 2019-12-26 | bootstrap legal Inc. | Method and System for Creating and Managing a Smart Contract on a Distributed Ledger |
US11204939B2 (en) | 2018-07-18 | 2021-12-21 | Bank Of America Corporation | Data manifest as a blockchain service |
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2017
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- 2017-02-16 EP EP17709188.1A patent/EP3420668B1/en active Active
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PH12018501741A1 (en) | 2019-06-10 |
HK1259178A1 (en) | 2019-11-29 |
SG10202007905VA (en) | 2020-09-29 |
CN109314637A (en) | 2019-02-05 |
WO2017145021A1 (en) | 2017-08-31 |
JP7480222B2 (en) | 2024-05-09 |
MX2018010058A (en) | 2019-01-21 |
GB201806698D0 (en) | 2018-06-06 |
EP3420668A1 (en) | 2019-01-02 |
CN109314637B (en) | 2021-09-10 |
BR112018016805A2 (en) | 2018-12-26 |
GB2561726A (en) | 2018-10-24 |
KR20180115766A (en) | 2018-10-23 |
JP2022119949A (en) | 2022-08-17 |
JP2019511035A (en) | 2019-04-18 |
US20220114564A1 (en) | 2022-04-14 |
US20240119429A1 (en) | 2024-04-11 |
US11126976B2 (en) | 2021-09-21 |
AU2017223138A1 (en) | 2018-08-23 |
EA201891829A1 (en) | 2019-02-28 |
CA3014727A1 (en) | 2017-08-31 |
ZA201805078B (en) | 2023-04-26 |
EP3420668B1 (en) | 2023-08-23 |
US20190050832A1 (en) | 2019-02-14 |
JP7083754B2 (en) | 2022-06-13 |
AU2017223138B2 (en) | 2022-02-10 |
EP4224396A1 (en) | 2023-08-09 |
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