Visa International Service Association (20240330911). DELEGATED CERTIFICATE AUTHORITY SYSTEM AND METHOD simplified abstract

DELEGATED CERTIFICATE AUTHORITY SYSTEM AND METHOD

Organization Name

Visa International Service Association

Inventor(s)

Pamela Ghosh of San Mateo CA (US)

Wanyun Gu of Menlo Park CA (US)

Mahdi Zamani of Mercer Island WA (US)

Mihai Christodorescu of Belmont CA (US)

Cuy Sheffield of Menlo Park CA (US)

DELEGATED CERTIFICATE AUTHORITY SYSTEM AND METHOD - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240330911 titled 'DELEGATED CERTIFICATE AUTHORITY SYSTEM AND METHOD

The abstract of the patent application describes a method involving a delegated certificate authority computer determining a tier for a digital wallet provider based on qualifying criteria, generating a digital certificate for the provider based on the tier, and transmitting the digital certificate to a digital wallet application computer for completing interactions using a digital currency on a blockchain network.

• Delegated certificate authority computer determines tier for digital wallet provider based on qualifying criteria
• Digital certificate generated for digital wallet provider based on tier
• Digital certificate used by digital wallet application computer for interactions using digital currency on blockchain network
• Delegated certificate authority computer transmits digital certificate to digital wallet application computer

Potential Applications: - Secure digital wallet transactions - Enhanced authentication for digital wallet providers - Streamlined interactions with blockchain networks

Problems Solved: - Ensuring secure transactions for digital wallets - Simplifying authentication processes for digital wallet providers - Facilitating seamless interactions with blockchain networks

Benefits: - Improved security for digital wallet transactions - Efficient authentication processes for digital wallet providers - Enhanced user experience for interacting with blockchain networks

Commercial Applications: Title: Secure Digital Wallet Authentication Technology This technology can be applied in the financial sector for secure digital transactions, in the e-commerce industry for streamlined payment processes, and in the blockchain space for enhanced security and authentication.

Prior Art: Researchers can explore prior art related to digital wallet security, blockchain authentication methods, and certificate authority systems for further insights into this technology.

Frequently Updated Research: Stay updated on advancements in digital wallet security, blockchain authentication protocols, and certificate authority technologies to enhance the effectiveness of this innovation.

Questions about Secure Digital Wallet Authentication Technology: 1. How does this technology improve the security of digital wallet transactions? 2. What are the key criteria used to determine the tier for a digital wallet provider in this method?

Original Abstract Submitted

a method is disclosed. the method includes determining, by a delegated certificate authority computer, a tier from a plurality of tiers for a digital wallet provider based on a list of qualifying criteria. the method also includes generating a digital certificate based on the tier, where the digital certificate is used by a digital wallet application computer associated with the digital wallet provider to complete interactions using a digital currency maintained by a blockchain network. the method further includes transmitting, by the delegated certificate authority computer to a digital wallet application computer, the digital certificate.