Invention Grant
- Patent Title: Knowledge-based authentication for asset wallets
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Application No.: US17666445Application Date: 2022-02-07
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Publication No.: US11948144B2Publication Date: 2024-04-02
- Inventor: Samuel Rapowitz , Xiaoguang Zhu , Kevin Osborn
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee Address: US VA McLean
- Agency: TROUTMAN PEPPER HAMILTON SANDERS LLP
- Agent Christopher J. Forstner; John A. Morrissett
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; H04L9/08

Abstract:
Systems and methods for recovery access to lost blockchain wallet seed phrases are disclosed. The systems and methods can store seed phrases for users for future retrieval. In some examples, a decentralized oracle creates an oracle private key that can be used to authenticate a user who is requesting the seed phrase. In some examples, the oracle creates a private/public key pair that can be used to transmit and store an encrypted version of the seed phrase. The authentication steps described herein also include knowledge-based authentication questions about the wallet, e.g., prior transactions using the wallet, value of the wallet, and the like.
Public/Granted literature
- US20230252456A1 KNOWLEDGE-BASED AUTHENTICATION FOR ASSET WALLETS Public/Granted day:2023-08-10
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