17931517. SYSTEMS AND METHODS FOR USER CHARACTERISTIC DETERMINATION THROUGH CRYPTOGRAPHIC TOKENIZED DATA simplified abstract (Capital One Services, LLC)
Contents
- 1 SYSTEMS AND METHODS FOR USER CHARACTERISTIC DETERMINATION THROUGH CRYPTOGRAPHIC TOKENIZED DATA
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 SYSTEMS AND METHODS FOR USER CHARACTERISTIC DETERMINATION THROUGH CRYPTOGRAPHIC TOKENIZED DATA - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Unanswered Questions
- 1.11 Original Abstract Submitted
SYSTEMS AND METHODS FOR USER CHARACTERISTIC DETERMINATION THROUGH CRYPTOGRAPHIC TOKENIZED DATA
Organization Name
Inventor(s)
Samuel Rapowitz of Roswell GA (US)
Julian Duque of Arlington VA (US)
Purva Shanker of Arlington VA (US)
Dennis Liu of Richmond VA (US)
SYSTEMS AND METHODS FOR USER CHARACTERISTIC DETERMINATION THROUGH CRYPTOGRAPHIC TOKENIZED DATA - A simplified explanation of the abstract
This abstract first appeared for US patent application 17931517 titled 'SYSTEMS AND METHODS FOR USER CHARACTERISTIC DETERMINATION THROUGH CRYPTOGRAPHIC TOKENIZED DATA
Simplified Explanation
The invention involves creating cryptographic tokens based on characteristic determination. The system can request encrypted records from a blockchain node, receive and decrypt them, retrieve item identifiers, determine characteristics associated with the items, and generate new cryptographic tokens reflecting those characteristics.
- Request for encrypted records from a blockchain node
- Receive and decrypt the encrypted records
- Retrieve sets of item identifiers based on the decrypted records
- Determine characteristics associated with the sets of items
- Generate new cryptographic tokens indicating the characteristics
Potential Applications
This technology could be applied in various industries such as finance, healthcare, supply chain management, and identity verification.
Problems Solved
This innovation streamlines the process of securely accessing and verifying information stored on a blockchain, enhancing data security and integrity.
Benefits
The technology improves data encryption, enhances data security, simplifies data retrieval, and enables the creation of secure cryptographic tokens.
Potential Commercial Applications
"Enhancing Data Security with Cryptographic Tokens: Applications in Finance, Healthcare, and Supply Chain Management"
Possible Prior Art
One possible prior art could be the use of blockchain technology for secure data storage and retrieval, but the specific method of generating cryptographic tokens based on characteristic determination may be novel.
Unanswered Questions
How does this technology impact data privacy regulations?
This article does not address the potential implications of this technology on data privacy laws and regulations.
What are the scalability limitations of this system?
The article does not provide information on the scalability of the system and whether it can handle large volumes of data efficiently.
Original Abstract Submitted
The invention relates to generating cryptographic tokens based on characteristic determination. The system may generate and transmit a request for encrypted records from a blockchain node, receive the encrypted records from the blockchain node, decrypt the encrypted records into payload identifiers, retrieve sets of item identifiers based on the payload identifiers, determine characteristics associated with the sets of items, and generate a new cryptographic token that indicates the characteristics.
