Capital One Services, LLC (20240259221). SECURED BLOCKCHAIN TRANSFER WITH INSECURE ENTITIES simplified abstract
Contents
SECURED BLOCKCHAIN TRANSFER WITH INSECURE ENTITIES
Organization Name
Inventor(s)
Noah Wexler of Owings Mills MD (US)
Kimberly Stockley of Washington DC (US)
SECURED BLOCKCHAIN TRANSFER WITH INSECURE ENTITIES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240259221 titled 'SECURED BLOCKCHAIN TRANSFER WITH INSECURE ENTITIES
The abstract of this patent application describes a method and system for transferring resources between users using blockchain technology.
- Receiving a request from a first user device indicating an off-chain identifier and a resource for a second user.
- Generating and sending a link to the second user based on the request.
- Obtaining a signed code from the second user device upon activation of the link.
- Sending a signed message to a blockchain system indicating the transfer of the resource.
- Storing the off-chain identifier and target blockchain address in association with each other.
Potential Applications: - Secure transfer of resources between users. - Facilitating transactions using blockchain technology.
Problems Solved: - Ensuring secure and authenticated transfer of resources. - Providing a decentralized method for transactions.
Benefits: - Increased security and transparency in resource transfers. - Efficient and reliable method for transactions.
Commercial Applications: Title: Blockchain-based Resource Transfer System This technology can be used in various industries such as finance, supply chain management, and digital asset management to securely transfer resources between users.
Prior Art: Research into blockchain-based resource transfer systems and authentication methods can provide valuable insights into prior art related to this technology.
Frequently Updated Research: Stay updated on the latest advancements in blockchain technology, authentication methods, and secure resource transfers to enhance the efficiency and security of this system.
Questions about Blockchain-based Resource Transfer System: 1. How does this technology ensure the authenticity of resource transfers? 2. What are the potential challenges in implementing this system in real-world applications?
Original Abstract Submitted
a method and related system operations include receiving, from a first user device of a first user, a request indicating an off-chain identifier associated with a second user and a resource for the second user. the method also includes generating and sending a link to the second user based on the request. the method also includes obtaining, based on the link being activated at a second user device of the second user, a signed code signed with a first key via a signing application. the method also includes sending, based on authentication of the signed code, to a blockchain system, a signed message indicating a transfer of the resource from a source blockchain address to a target blockchain address. the method also includes storing, based on the authentication of the signed code, the off-chain identifier and the target blockchain address in association with one another.
