Smart contracts, blockchains (distributed ledgers), and rights management broadly construed are the themes of today's Spotlight Patents. Assigned to the Royal Bank of Canada, the first patent addresses techniques for an electronic identity brokerage. Assigned to Professor (Georgia Tech) Vijay K.Madisetti, the second patent addresses techniques for blockchain-based combined identity, ownership, integrity and custody management.
11,212,102, "System and method for an electronic identity brokerage," assigned to the Royal Bank of Canada (CA)
A computer implemented system for electronic verification of credentials including at least one processor and data storage is described in various embodiments. The system includes cryptographic mechanisms and electronic communication between one or more computing systems that in concert, provide verification of a prover's credentials in accordance to logical conditions of a verifier's policy without providing additional information to a verifier entity.
10,204,339, "Method and system for blockchain-based combined identity, ownership, integrity and custody management," assigned to Vijay K.Madisetti (Professor at Georgia Tech).
A method of issuing blockchain-based digital certificates including receiving from a user hashed user identification information and object information, recording to a digital certificate smart contract deployed at a digital certificate smart contract address on a blockchain network the hashed user identification information and object information and a timestamp of when the hashed user identification information and the object information were received, defined as a received timestamp, signing the digital certificate smart contract with an issuer signature, performing a user identity verification process to confirm a user identity, the user identity verification process, and upon confirming the user identity, generating a combination certificate configured to verify the user's ownership of an object associated with the object information.