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

Claim 16:
17. One or more non-transitory computer-readable media configured to store a gated autonomous program protocol that operates on a blockchain, the gated autonomous program protocol comprising instructions, wherein the instructions, when executed by one or more processors, cause the one or more processors to:
exchange a blockchain unit with a gated wrapped blockchain unit that is exchangeable among blockchain addresses that satisfy one or more gating requirements, the one or more gating requirements including an access control requirement for use of the gated wrapped blockchain unit;
receive a transaction request associated with the gated wrapped blockchain, the transaction request initiated by a particular blockchain address;
direct a validity check of an on-chain verification proof at the address of a ledger to verify the on-chain verification proof, the ledger located at an address of the ledger of a verification autonomous program protocol stored on the blockchain, wherein the on-chain verification proof is issued to prove that the particular blockchain address satisfies the one or more gating requirements and is stored in the ledger located at an address of the ledger 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
approve, responsive to verifying the access control requirements for use of the gated wrapped blockchain unit, the transaction request.