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US Patent 12125026 Multi-signature verification network

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Contents

Is a
Patent
Patent
0

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
121250260
Patent Inventor Names
Jerry Perullo0
Date of Patent
October 22, 2024
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Patent Application Number
184353210
Date Filed
February 7, 2024
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Patent Citations
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US Patent 9948467 Method and system for blockchain variant using digital signatures
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US Patent 10824746 Systems and methods for controlled access to blockchain data
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US Patent 10833865 Blockchain-based method and system for immutable resource allocation in a cloud computing environment
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US Patent 10839320 Determining network-effects with decentralized applications
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US Patent 10885523 Methods, systems, and media for protecting transactions with secure payment authorization channels
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US Patent 10939405 Systems and methods for implementing permissionless network consensus using blockchain
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US Patent 11062366 Securely processing exchange items in a data communication system
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US Patent 11244313 Systems, methods, and apparatuses for implementing declarative smart actions for coins and assets transacted onto a blockchain using distributed ledger technology (DLT)
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...
Patent Primary Examiner
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Frantzy Poinvil
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CPC Code
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H04L 9/0637
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H04L 9/3247
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G06F 3/0482
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G06Q 20/3825
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G06Q 20/4016
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Patent abstract

Systems and methods for authorizing a blockchain transaction. A verification network receives a transaction request for the blockchain transaction from a payer device including a first signature generated by a first private key associated with a payer. The verification network broadcasts a verification request to verification system(s) which assess pre-agreed threshold parameters. If the parameter(s) are satisfied, at least one verification system perfects the transaction by generating a second signature using a second private key, and broadcasts the transaction to the blockchain network. If the parameter(s) are not satisfied, verification offer(s) from among the verification system(s) including the second signature(s) are used to prompt the payer device to confirm the blockchain transaction by selecting at least one of the offer(s). The verification network receives selected offer(s) from the payer device and broadcasts the transaction to the blockchain network, in accordance with the selected offer(s) and the transaction request.

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