Capital one services, llc (20240320656). TOKEN IDENTITY DEVICES simplified abstract
Contents
TOKEN IDENTITY DEVICES
Organization Name
Inventor(s)
Lawrence Douglas of McLean VA (US)
Paul Moreton of Glen Allen VA (US)
TOKEN IDENTITY DEVICES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240320656 titled 'TOKEN IDENTITY DEVICES
The disclosed embodiments involve methods, systems, and computer-readable media designed to enable wearable devices to store tokens linked to digital versions of physical documents/cards. These wearable devices can securely transfer tokens to interested parties using NFC radio without the need for Bluetooth or other network connectivity.
- Wearable devices store tokens associated with digital versions of physical documents/cards
- Tokens can be securely transferred to interested parties without Bluetooth or other network connectivity beyond NFC radio
- Token vault operator system can establish a token vault account for a user, authenticate the user's identity, generate tokens associated with the user, and provide these tokens to user devices
- Each token corresponds to one or more data sets associated with the token vault ID
- Access to data sets generated for and associated with the token vault ID is configured by the token vault operator system
Potential Applications: - Secure transfer of digital versions of physical documents/cards - Identity authentication and token generation for users - Data management and access control for token vault accounts
Problems Solved: - Secure storage and transfer of tokens linked to physical documents/cards - Simplified authentication and access to digital versions of physical documents/cards
Benefits: - Enhanced security for storing and transferring sensitive information - Convenient access to digital versions of physical documents/cards on wearable devices - Streamlined authentication process for users
Commercial Applications: Title: Secure Token Storage and Transfer Technology This technology can be applied in industries such as finance, healthcare, and government for secure document/card storage and transfer. It can also be used in wearable technology products for enhanced data security and user authentication.
Questions about Secure Token Storage and Transfer Technology: 1. How does this technology improve data security for wearable devices? This technology enhances data security by securely storing and transferring tokens associated with digital versions of physical documents/cards on wearable devices, reducing the risk of unauthorized access.
2. What are the potential implications of this technology in the finance industry? This technology can be used in the finance industry for secure storage and transfer of sensitive financial documents/cards, improving data security and authentication processes for users.
Original Abstract Submitted
disclosed embodiments include methods, systems, and computer-readable media configured to provide wearable devices storing tokens associated with digital versions of physical documents/cards. the wearable devices may further transfer tokens securely to interested parties without bluetooth� or other network connectivity beyond nfc radio. in some embodiments, a token vault operator system may receive a request to establish a token vault account for a user, authenticate an identity of the user based at least on the received request, and generating a token vault id associated with the user. the token vault operator system may further configure access to data sets generated for and associated with the token vault id, generate tokens associated with the token vault id, each token corresponding to one of the one or more data sets, and provide the generated plurality of tokens associated with the token vault id to at least one user device.
