Coinbase, Inc. (20240214215). SYSTEMS AND METHODS FOR FACILITATING INITIAL DEPLOYMENTS OF CRYPTOGRAPHIC ASSETS ACROSS COMPUTER NETWORKS IN A CRYPTOGRAPHICALLY SECURE MANNER simplified abstract

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SYSTEMS AND METHODS FOR FACILITATING INITIAL DEPLOYMENTS OF CRYPTOGRAPHIC ASSETS ACROSS COMPUTER NETWORKS IN A CRYPTOGRAPHICALLY SECURE MANNER

Organization Name

Coinbase, Inc.

Inventor(s)

Sean Geng of Oakland CA (US)

Theo Szymkowiak of Oakland CA (US)

Ankit Chiplunkar of Oakland CA (US)

SYSTEMS AND METHODS FOR FACILITATING INITIAL DEPLOYMENTS OF CRYPTOGRAPHIC ASSETS ACROSS COMPUTER NETWORKS IN A CRYPTOGRAPHICALLY SECURE MANNER - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240214215 titled 'SYSTEMS AND METHODS FOR FACILITATING INITIAL DEPLOYMENTS OF CRYPTOGRAPHIC ASSETS ACROSS COMPUTER NETWORKS IN A CRYPTOGRAPHICALLY SECURE MANNER

The abstract of the patent application describes systems and methods for novel uses and improvements to blockchains and blockchain technology. One example includes facilitating initial deployments of cryptographic assets across computer networks in a cryptographically secure manner while mitigating interactions with computer programs that simulate human activity.

  • Simplified Explanation:

- The patent application discusses new ways to enhance blockchains and blockchain technology. - It focuses on securely deploying cryptographic assets across computer networks while preventing interactions with programs that mimic human behavior.

  • Key Features and Innovation:

- Methods for deploying cryptographic assets securely. - Mitigation of interactions with programs simulating human activity.

  • Potential Applications:

- Cryptocurrency transactions. - Secure data storage. - Supply chain management.

  • Problems Solved:

- Ensuring secure deployment of cryptographic assets. - Preventing interference from programs mimicking human behavior.

  • Benefits:

- Enhanced security for blockchain transactions. - Improved trust in cryptographic asset deployment.

  • Commercial Applications:

- Title: "Enhanced Blockchain Security for Cryptocurrency Transactions" - Potential commercial uses in financial institutions, data management companies, and supply chain businesses. - Market implications include increased trust in blockchain technology and improved data security measures.

  • Questions about the Technology:

1. How does this technology improve the security of blockchain transactions? - This technology enhances security by securely deploying cryptographic assets and preventing interactions with programs that simulate human activity. 2. What are the potential implications of this technology for supply chain management? - This technology can improve data security and trust in supply chain transactions by ensuring the secure deployment of cryptographic assets.


Original Abstract Submitted

systems and methods are described herein for novel uses and/or improvements to blockchains and blockchain technology. as one example, methods and systems are described herein for facilitating initial deployments of cryptographic assets across computer networks in a cryptographically secure manner while mitigating interactions with computer programs that simulate human activity.