Policy-Based Control and Augmentation of Cryptocurrencies and Cryptocurrency Security

Policy-Based Control and Augmentation of Cryptocurrencies and Cryptocurrency Security

A system for policy-based control and augmentation of cryptocurrency security including policy rules that govern transactions that are embedded in the cryptocurrency transmission. The transactions are then adjudicated using the policy-based control system at the endpoint. The invention first secures...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: SCHAFFNER DANIEL
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system for policy-based control and augmentation of cryptocurrency security including policy rules that govern transactions that are embedded in the cryptocurrency transmission. The transactions are then adjudicated using the policy-based control system at the endpoint. The invention first secures the private key to the cryptocurrency in a secure hardware module to ensure that ownership is maintained. Then, the system uses a policy-based control subsystem to embed policy information within the cryptocurrency transmission. On receipt, the transmission is decoupled such that the policy information can be implemented resulting in a decision to approve or disapprove the transaction. The system can be used for multiple signatories on a single transaction as well as any other policy requirement desired.