Capital One Services, LLC (20240235840). SYSTEMS AND METHODS FOR CREATING SEED AND MASTER KEYS FOR BLOCKCHAIN WALLETS FROM USER BIOMETRICS simplified abstract
Contents
SYSTEMS AND METHODS FOR CREATING SEED AND MASTER KEYS FOR BLOCKCHAIN WALLETS FROM USER BIOMETRICS
Organization Name
Inventor(s)
Kevin Osborn of Newton Highlands MA (US)
Xiaoguang Zhu of New York NY (US)
Samuel Rapowitz of Roswell GA (US)
SYSTEMS AND METHODS FOR CREATING SEED AND MASTER KEYS FOR BLOCKCHAIN WALLETS FROM USER BIOMETRICS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240235840 titled 'SYSTEMS AND METHODS FOR CREATING SEED AND MASTER KEYS FOR BLOCKCHAIN WALLETS FROM USER BIOMETRICS
Simplified Explanation: The patent application focuses on optimizing the trade-off between security and recoverability in cryptocurrency master key storage by using biometric data to generate a cryptographic seed for a master extended private key.
- Biometrically derived cryptographic seed using scale invariant biometric attributes
- Processed biometric data into a repeatable biometric identifier
- Formatted into a cryptographic seed for master key generation
- Facilitated by a mobile application for biometric data capture
- Cryptographically combined with user-inputted password for enhanced security
Potential Applications: 1. Cryptocurrency storage and transactions 2. Secure authentication processes 3. Biometric security systems
Problems Solved: 1. Enhancing security in cryptocurrency storage 2. Improving recoverability of master keys 3. Streamlining authentication processes
Benefits: 1. Increased security with biometric data 2. Simplified key generation process 3. Enhanced user experience with mobile application integration
Commercial Applications: Biometric Cryptographic Seed Generation for Enhanced Cryptocurrency Security
Prior Art: Prior art related to biometric data usage in cryptocurrency security systems.
Frequently Updated Research: Stay updated on advancements in biometric authentication technology.
Questions about Biometric Cryptographic Seed Generation: 1. How does the use of biometric data improve the security of cryptocurrency master key storage? 2. What are the potential risks associated with using biometric data for cryptographic seed generation?
Original Abstract Submitted
systems and methods are directed to optimizing a security and recoverability trade-off generally associated with cryptocurrency master key storage. exemplary embodiments provide a biometrically derived cryptographic seed using a measurement of one or more scale invariant biometric attributes associated with a user. the measured user biometric data is then processed into a repeatable biometric identifier and formatted into a (biometric) cryptographic seed, for derivation of a master extended private key, which may be stored in an hd wallet or used dynamically to conduct a blockchain transaction. the biometric seed and master key generation process may be facilitated by a mobile application responsive to a readout of biometric data from sensors integrated/associated with the mobile device. the captured biometric data may be cryptographically combined with a user-inputted password and/or an authentication data record wirelessly retrieved from an otp card, to generate a cryptographic seed with greater security attributes.
