20240020679. DATA ASSURANCE SOLUTION USING VERIFIABLE CREDENTIALS AND BLOCKCHAIN simplified abstract (VeriTX Corp.)

DATA ASSURANCE SOLUTION USING VERIFIABLE CREDENTIALS AND BLOCKCHAIN

Organization Name

VeriTX Corp.

Inventor(s)

James Allen Regenor of East Aurora NY (US)

DATA ASSURANCE SOLUTION USING VERIFIABLE CREDENTIALS AND BLOCKCHAIN - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240020679 titled 'DATA ASSURANCE SOLUTION USING VERIFIABLE CREDENTIALS AND BLOCKCHAIN

Simplified Explanation

The present invention is a system that tracks the provenance of a digital asset, including information about people, place, time, permissions, machine characterization, and identification. It ensures data verifiability and enforces least privileged access within a single organization or across multiple organizations using a combination of blockchain and communication agents. This enables data assured operations in a normal operating environment and logistics under attack.

• The invention tracks the provenance of an off-chain digital asset, providing data verifiability and enforcing least privileged access.
• It combines blockchain and communication agents to enable data assured operations.
• The system can be used within a single organization or across multiple organizations.
• It creates data assurance for a digital asset across networks and environments.
• The system allows a data file to move directly from the originator to a customer at the point of use or any point in between.

Potential applications of this technology:

• Supply chain management: The system can track the provenance of products and ensure data verifiability throughout the supply chain.
• Intellectual property protection: It can be used to track the origin and ownership of digital assets, such as copyrighted materials or patents.
• Data security: The system enforces least privileged access, ensuring that only authorized individuals or organizations can access the digital asset.

Problems solved by this technology:

• Lack of data verifiability: The system provides a way to verify the authenticity and integrity of digital assets.
• Unauthorized access: It enforces least privileged access, reducing the risk of unauthorized individuals or organizations accessing the digital asset.
• Lack of transparency in supply chains: The system allows for transparent tracking of the provenance of products, improving accountability and reducing the risk of counterfeit goods.

Benefits of this technology:

• Enhanced data security: The system ensures that only authorized individuals or organizations can access the digital asset, reducing the risk of data breaches.
• Improved trust and transparency: By tracking the provenance of digital assets, the system increases trust and transparency in various processes, such as supply chain management or intellectual property protection.
• Efficient data transfer: The system allows for direct transfer of data files from the originator to the customer, reducing delays and improving efficiency.

Original Abstract Submitted

the present invention tracks provenance (people, place, time, permissions, machine characterization and identification) for an off-chain digital asset, provides data verifiability and enforces least privileged access within a single organization or across multiple organizations via a combination of blockchain and communication agents to enable data assured operations in a normal operating environment and logistics under attack (lua) environment. the present invention creates data assurance for a digital asset across networks and within environments as it tracks provenance of the digital asset at rest or in motion allowing a data file to move directly from the originator to a customer at the point of use or point of origin to point of use and all points in between in a prescribed or random flow.