NChain Licensing AG (20240211467). METHODS AND SYSTEMS FOR CONTROLLING ACCESS TO, AND INTEGRITY OF, RESOURCES ON A BLOCKCHAIN simplified abstract
Contents
METHODS AND SYSTEMS FOR CONTROLLING ACCESS TO, AND INTEGRITY OF, RESOURCES ON A BLOCKCHAIN
Organization Name
Inventor(s)
Silvia Bartolucci of London (GB)
METHODS AND SYSTEMS FOR CONTROLLING ACCESS TO, AND INTEGRITY OF, RESOURCES ON A BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240211467 titled 'METHODS AND SYSTEMS FOR CONTROLLING ACCESS TO, AND INTEGRITY OF, RESOURCES ON A BLOCKCHAIN
The patent application describes a process, apparatus, and article of manufacture for storing encrypted documents using multiple participating nodes on a blockchain network.
- Collaborative public key generation with each node holding a share of the corresponding private key.
- Submission of encrypted documents to a repository based on collaborative public keys and shares of corresponding private keys.
- Commitment transactions and subsequent transactions associated with the encrypted documents.
- Retrieval of subsequent transactions to generate a collective private key and decrypt the document.
Potential Applications: - Secure document storage and retrieval systems. - Enhanced data integrity verification processes. - Decentralized encryption and decryption mechanisms.
Problems Solved: - Ensuring secure storage and retrieval of sensitive documents. - Facilitating collaborative encryption and decryption processes. - Enhancing data integrity and security on blockchain networks.
Benefits: - Improved document security and privacy. - Enhanced collaboration among multiple nodes. - Streamlined encryption and decryption processes.
Commercial Applications: Title: Secure Document Management System This technology can be utilized in industries such as finance, healthcare, and legal services for secure document storage and retrieval. It can also be integrated into blockchain platforms for enhanced data security.
Questions about the technology: 1. How does this technology improve document security compared to traditional methods? 2. What are the potential challenges in implementing this system in large-scale blockchain networks?
Frequently Updated Research: Stay updated on the latest advancements in blockchain encryption technologies and collaborative key management systems to enhance document security and privacy.
Original Abstract Submitted
disclosed herein are a process, an apparatus, and an article of manufacture for storing encrypted documents using a plurality of participating nodes that submit transactions to and/or retrieve transactions from a blockchain network. functionality disclosed herein includes, but is not limited to, generating a collaborative public key with each of the participating nodes having a share of a corresponding collaborative private key, submitting, based on the collaborative public key and one or more shares of corresponding collaborative public keys, a respective encrypted document to a document repository, submitting a commitment transaction and a subsequent transaction associated with the encrypted document, and, at a future time, retrieving, based on a share of the collaborative public key, a set of subsequent transactions to generate a collective private key and decrypt the encrypted document. in some implementations, hashing operations are involved document encryption, document integrity verification, and document decryption.
