K4-security.co., Ltd. (20240248969). SYSTEM FOR DELEGATION BASED ON DECENTRALIZED IDENTITY AND METHOD THEREOF simplified abstract

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SYSTEM FOR DELEGATION BASED ON DECENTRALIZED IDENTITY AND METHOD THEREOF

Organization Name

K4-security.co., Ltd.

Inventor(s)

Kyoung Chul Park of Gimpo-si (KR)

SYSTEM FOR DELEGATION BASED ON DECENTRALIZED IDENTITY AND METHOD THEREOF - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240248969 titled 'SYSTEM FOR DELEGATION BASED ON DECENTRALIZED IDENTITY AND METHOD THEREOF

The patent application describes a system and method for delegation based on a decentralized identifier technology that ensures self-sovereign identity.

  • Delegation of acts of a legal entity can be done through blockchain-based decentralized identifiers.
  • Specific acts of a legal entity can be delegated to a deputy for a specific period of time using decentralized identifiers.
  • The technology guarantees self-sovereign identity and secure delegation of tasks.

Potential Applications:

  • Legal industry for delegating tasks within a legal entity.
  • Corporate governance for assigning responsibilities to deputies.
  • Government agencies for managing tasks and responsibilities.

Problems Solved:

  • Ensures secure delegation of tasks.
  • Provides a decentralized and self-sovereign identity solution.
  • Streamlines the process of assigning and managing tasks within organizations.

Benefits:

  • Increased security and privacy in task delegation.
  • Efficient management of responsibilities within organizations.
  • Enhanced transparency and accountability in task assignments.

Commercial Applications:

  • Legal firms for managing tasks and responsibilities.
  • Corporate entities for efficient delegation of tasks.
  • Government agencies for secure task management.

Questions about the technology: 1. How does the decentralized identifier technology ensure self-sovereign identity? 2. What are the key advantages of using blockchain-based identifiers for task delegation?


Original Abstract Submitted

a system and method for delegation are based on a decentralized identifier capable of delegating an act of a legal entity through applying a blockchain-based decentralized identifier technology that guarantees self-sovereign identity. according to an embodiment, a specific act of a legal entity may be delegated to a deputy for a specific period of time based on a decentralized identifier.

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