Conditional Payment Processing Using Multi-signature Addresses

  • Published: Aug 10, 2017
  • Earliest Priority: Feb 10 2016
  • Family: 1
  • Cited Works: 0
  • Cited by: 0
  • Cites: 0
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Abstract

Payment processing policies for implementing using multi-signature addresses includes defining an address associated with the multi-signature addresses and generating a plurality of keys and associating them with each of the addresses. For each of the plurality of keys one or more rules is defined that when triggered enable each of their corresponding plurality of keys to be signed. Each rule is a logical combination of one or more conditions and each of the one or more conditions has one or more attributes that when true allow each of the conditions to be true. A number of keys must be signed in order to unlock each address. One or more exit rules may be defined associated with each address where if not all of the plurality of keys have been signed before the exit rule is triggered then all of the plurality of keys are reset to an unsigned state cancelling the transaction.


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Document History
  • Publication: Aug 10, 2017
  • Application: Feb 10, 2016
    US US 201615040498 A
  • Priority: Feb 10, 2016
    US US 201615040498 A

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