Patent ID: 11880836
Assignee: VERI LABS, INC.
Field: Digital communication (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 12:
13. A system, comprising:
a verification autonomous program protocol that is stored on a blockchain, the verification autonomous program protocol comprising a first set of instructions, the instructions, when executed, cause one or more first processors to:
receive a verification that an account associated with a particular blockchain address of the blockchain satisfies one or more gating requirements, the one or more gating requirements including an access control requirement for use of a gated wrapped blockchain unit; and
issue an on-chain verification proof that proves that the particular blockchain address satisfies the one or more gating requirements the particular blockchain address, the on-chain verification proof being stored in a ledger located at an address of the verification autonomous program protocol stored on the blockchain, the on-chain verification proof including the particular blockchain address and serving as an on-chain representation that the particular blockchain address is verified with the one or more gating requirements; and

the gated autonomous program protocol that is stored on the blockchain, the gated autonomous program protocol comprising a second set of instructions, the instructions, when executed, cause one or more second processors to:
exchange a blockchain unit with a gated wrapped blockchain unit that is exchangeable among blockchain addresses that satisfy the one or more gating requirements;
receive a transaction request associated with the gated wrapped blockchain, the transaction request initiated by the particular blockchain address;
direct a validity check of the on-chain verification proof at the address of the ledger to verify the on-chain verification proof; and
approve, responsive to verifying the access control requirements for use of the gated wrapped blockchain unit, the transaction request.