20240029034. Generating Smart Contracts for Electronic Notarization Using Synthetically Generated Invisible Fingerprint Metadata simplified abstract (BANK OF AMERICA CORPORATION)
Generating Smart Contracts for Electronic Notarization Using Synthetically Generated Invisible Fingerprint Metadata
Organization Name
Inventor(s)
Sakshi Bakshi of New Delhi (IN)
Durga Prasad Kutthumolu of Hyderabad (IN)
Generating Smart Contracts for Electronic Notarization Using Synthetically Generated Invisible Fingerprint Metadata - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240029034 titled 'Generating Smart Contracts for Electronic Notarization Using Synthetically Generated Invisible Fingerprint Metadata
Simplified Explanation
The patent application describes a method and system for generating smart contracts for electronic notarization using synthetically generated invisible fingerprint metadata. Here is a simplified explanation of the abstract:
- An apparatus receives synthetic fingerprint information, which is generated using a generative artificial intelligence algorithm based on physical fingerprint images of a user.
- The apparatus also receives one or more digital documents associated with an electronic notarization.
- Additionally, the apparatus receives rule information that corresponds to location-specific protocols associated with the electronic notarization.
- Using the synthetic fingerprint information, the one or more digital documents, and the rule information, the apparatus generates a smart contract on a blockchain.
Potential applications of this technology:
- Electronic notarization: The technology can be used to streamline the process of electronic notarization by generating smart contracts that securely authenticate the identity of the parties involved.
- Blockchain-based document verification: The generated smart contracts can be stored on a blockchain, providing a tamper-proof and transparent method for verifying the authenticity and integrity of digital documents.
Problems solved by this technology:
- Identity verification: By using synthetically generated invisible fingerprint metadata, the technology enhances the security and accuracy of identity verification in electronic notarization processes.
- Document tampering: Storing smart contracts on a blockchain ensures that the digital documents associated with electronic notarization cannot be tampered with or altered without detection.
Benefits of this technology:
- Efficiency: The use of synthetic fingerprint information and smart contracts simplifies and accelerates the electronic notarization process, reducing the need for manual verification and paperwork.
- Security: The technology provides a robust and secure method for verifying the identity of individuals involved in electronic notarization, reducing the risk of fraud and unauthorized access to sensitive documents.
- Transparency: Storing smart contracts on a blockchain ensures transparency and immutability, allowing for easy verification and auditability of electronic notarization processes.
Original Abstract Submitted
aspects of the disclosure relate to generating smart contracts for electronic notarization using synthetically generated invisible fingerprint metadata. an apparatus may receive synthetic fingerprint information. in addition, the synthetic fingerprint information may be generated based on one or more physical fingerprint images of a user and using a generative artificial intelligence algorithm. the apparatus may receive one or more digital documents associated with an electronic notarization. the apparatus may receive rule information corresponding to location specific protocols associated with the electronic notarization. the apparatus may generate a smart contract on a blockchain based on the synthetic fingerprint information, the one or more digital documents, and the rule information.
