Patent ID: 11405395

Abstract:
The computer-implemented invention provides a method and corresponding system for controlling access to and/or use of an internet-enabled resource. The invention uses an electronic ledger such as, for example, the Bitcoin blockchain. The resource may be an IoT device or system. Access to the resource is permitted or enabled upon provision of a cryptographic key e.g. a private key which corresponds to a public key which has been stored in memory. In one embodiment, the public key is stored in a DHT. Access to the resource is prevented or disabled by removing the public key from memory, and using a redeem script of a second blockchain Transaction to spend a tokenised output of a first blockchain Transaction. The second transaction detokenizes the token (or ‘coloured coin’) contained within the first Transaction. In order to prevent further access to the resource, an encrypted message is sent to the internet-enabled resource, wherein the message communicates a public key and the redeem script. The resource then checks whether the public key in the message matches that stored in memory and, if it does, removes the stored version of the public key from memory. The resource then uses the redeem script to perform the detokenization.