View source for Collibra Belgium BV (20240348424). SYSTEMS AND METHODS FOR SECURE KEY MANAGEMENT USING DISTRIBUTED LEDGER TECHNOLOGY simplified abstract

=SYSTEMS AND METHODS FOR SECURE KEY MANAGEMENT USING DISTRIBUTED LEDGER TECHNOLOGY=


==Organization Name==

[[:Category:Collibra Belgium BV|Collibra Belgium BV]]


[[Category:Collibra Belgium BV]]

==Inventor(s)==

[[:Category:Satyender Goel of Chicago IL (US)|Satyender Goel of Chicago IL (US)]][[Category:Satyender Goel of Chicago IL (US)]]

==SYSTEMS AND METHODS FOR SECURE KEY MANAGEMENT USING DISTRIBUTED LEDGER TECHNOLOGY - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240348424 titled 'SYSTEMS AND METHODS FOR SECURE KEY MANAGEMENT USING DISTRIBUTED LEDGER TECHNOLOGY

The present disclosure involves systems and methods for securely managing and administering an encryption/decryption key using distributed ledger technology (DLT). In this process, a client may possess a data attribute or a dataset of data attributes, which they encrypt using tokenization parameters. The client then requests the creation of an encryption key to be applied to the token. A third-party Key Management System (KMS) creates an encryption key and a salt, which is applied to the token before encryption. A decryption key is also created and securely stored at the KMS. The encrypted token is then transmitted to a third-party consolidation platform, which requests access to the decryption key to unveil the underlying token.

* Client encrypts data attribute using tokenization parameters
* Encryption key and salt are created by a third-party KMS
* Decryption key is securely stored at the KMS
* Encrypted token is transmitted to a consolidation platform for decryption
* Distributed ledger technology is used for secure key management

Potential Applications:
- Secure data encryption and decryption
- Key management for sensitive information
- Enhanced data security in various industries

Problems Solved:
- Securely managing encryption/decryption keys
- Protecting sensitive data from unauthorized access
- Ensuring data privacy and security compliance

Benefits:
- Enhanced data security
- Efficient key management
- Secure transmission and storage of sensitive information

Commercial Applications:
Title: Secure Data Encryption and Key Management Technology
This technology can be applied in industries such as finance, healthcare, and government for secure data handling and compliance with data protection regulations.

Prior Art:
Researchers can explore prior art related to encryption key management systems, distributed ledger technology, and data security protocols to understand the evolution of this technology.

Frequently Updated Research:
Researchers can stay updated on advancements in encryption key management, distributed ledger technology, and data security best practices to enhance the effectiveness of this technology.

Questions about Secure Data Encryption and Key Management Technology:
1. How does this technology improve data security in various industries?
2. What are the key features of distributed ledger technology in secure key management systems?


==Original Abstract Submitted==

the present disclosure is directed to systems and methods for securely managing and administering an encryption/decryption key using distributed ledger technology (dlt). in some examples, a client may possess a data attribute (or a dataset of data attributes). the client may receive tokenization parameters to apply to the data attribute to encrypt the data attribute. after tokenizing the data attribute, the client may then request the creation of an encryption key to be applied to the token. a third-party key management system (kms) may create an encryption key and a salt. the salt may be applied to the token, and the salted token may then be encrypted. additionally, a decryption key may be created and stored securely at the third-party kms. the client may transmit the encrypted token to a third-party consolidation platform, wherein the consolidation platform requests access to the decryption key to unveil the underlying token.



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