Method and system for offline blockchain exchanges
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United States of America Patent
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Jun 7, 2022
Grant Date -
Aug 17, 2017
app pub date -
Feb 11, 2016
filing date -
Feb 11, 2016
priority date (Note) -
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Abstract
A method for conducting an offline data exchange associated with a blockchain includes: storing a structured data set associated with a blockchain network, the data set including a network identifier, unspent output hash, output index, output value, and key pair; receiving the network identifier and a transaction amount from a point of sale; validating the structured data set as including the network identifier and an output value greater than or equal to the transaction amount; transmitting the unspent output hash and output index to the point of sale; receiving a destination address from the point of sale; generating transaction data including the destination address and a payment amount based on the transaction amount; and transmitting the transaction data to the point of sale.
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