Invention Grant
- Patent Title: System for electronic data encryption and decryption using a consensus draft process
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Application No.: US17381882Application Date: 2021-07-21
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Publication No.: US11979484B2Publication Date: 2024-05-07
- Inventor: Brandon Sloane
- Applicant: BANK OF AMERICA CORPORATION
- Applicant Address: US NC Charlotte
- Assignee: BANK OF AMERICA CORPORATION
- Current Assignee: BANK OF AMERICA CORPORATION
- Current Assignee Address: US NC Charlotte
- Agency: Moore & Van Allen PLLC
- Agent Seongun M. Hong
- Main IPC: H04L9/06
- IPC: H04L9/06 ; H04L9/08

Abstract:
A system is provided for electronic data encryption and decryption using a consensus draft process. In particular, the system may use a custom encryption algorithm that generates an array with a number of entries that is dependent on the number of computing devices that participate in the encryption process. The encryption algorithm may cause a first computing device to open and read the array, randomly select and remove an entry, and pass on the remaining entries to a second computing device. The second computing device may then open and read the array, randomly select and remove an entry, then pass the remaining entries to a third computing device. The process may be executed in a reiterative manner until the entire array is distributed among the participating computing devices. In this way, encryption of data may be performed without revealing shared information among the participating computing devices.
Public/Granted literature
- US20230028290A1 SYSTEM FOR ELECTRONIC DATA ENCRYPTION AND DECRYPTION USING A CONSENSUS DRAFT PROCESS Public/Granted day:2023-01-26
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