Citibank, N.A. (20240346164). DATA MANAGEMENT PLATFORM simplified abstract

DATA MANAGEMENT PLATFORM

Organization Name

Citibank, N.A.

Inventor(s)

Walter Trotta of Cranford NJ (US)

Vaibhav Kumar of Monroe NJ (US)

Samuel J. Kass of Oberrieden (CH)

Sasisekar Shanmugasundaram of Warszawa (PL)

DATA MANAGEMENT PLATFORM - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240346164 titled 'DATA MANAGEMENT PLATFORM

The abstract describes a network system that enables global data usage while giving regional jurisdictions control over sensitive data. Different jurisdictions can designate certain data as sensitive, which should not be accessible by third parties. The system ensures complete auditability, traceability, and compliance when sharing data across jurisdiction boundaries.

• The system allows a first jurisdiction's computing device to manage the usage of data stored outside the jurisdiction.
• It enables the first jurisdiction to set rules, tokenization protocols, and updates for managing sensitive data.
• Data is detokenized for approved purposes by approved parties.
• If the original jurisdiction changes permissions for sensitive data, it can propagate tokenization updates to all data stored outside the jurisdiction.

1. 1. 1. Potential Applications:

- Cross-border data sharing in compliance with regional regulations. - Secure data management for multinational companies. - Government agencies sharing sensitive information across jurisdictions.

1. 1. 1. Problems Solved:

- Ensuring data privacy and compliance with varying regional regulations. - Providing a secure system for managing sensitive data across borders.

1. 1. 1. Benefits:

- Enhanced data security and compliance. - Efficient cross-border data sharing. - Simplified management of sensitive information.

1. 1. 1. Commercial Applications:

Title: Secure Cross-Border Data Management System This technology can be used by multinational corporations, government agencies, and organizations that need to securely share sensitive data across different jurisdictions. It can streamline data management processes and ensure compliance with regional regulations, making it a valuable tool for entities operating in multiple countries.

1. 1. 1. Questions about the Technology:

1. How does the system ensure compliance with different regional regulations regarding sensitive data? 2. What measures are in place to prevent unauthorized access to sensitive data stored outside a jurisdiction?

1. 1. 1. Frequently Updated Research:

Stay updated on advancements in data security protocols and cross-border data sharing technologies to enhance the efficiency and effectiveness of the system. Regularly review industry standards and best practices to ensure the system remains secure and compliant with evolving regulations.

Original Abstract Submitted

a network system to allow global usage of data while allowing regional jurisdictions control over sensitive data. different jurisdictions may declare different types of data as sensitive data that is not to be discoverable by a third party. the system allows the data to be shared across jurisdiction boundaries with complete auditability, traceability, and compliance. the system allows a first jurisdiction computing device to control the usage of the data that is stored outside of the jurisdiction. the technology allows the first jurisdiction to propagate rules, tokenization protocols, and updates to the system to manage the sensitive data. the system detokenizes the data when the data is to be used for an approved purpose by an approved party. if the original jurisdiction has a change in permissions for sensitive data, the jurisdiction can propagate a tokenization to all data stored in the data management system outside of the jurisdiction.