ALEXANDRIA, Va., March 24 -- United States Patent no. 12,587,359, issued on March 24, was assigned to Alipay (Hangzhou) Information Technology Co. Ltd. (Hangzhou, China).

"Multi-party computation of split private data with address geo-coded component" was invented by Zhongtian Qian (Hangzhou, China), Wuqiong Pan (Hangzhou, China), Tao Wei (Hangzhou, China), Tingting Li (Hangzhou, China), Zhenqiang Wei (Hangzhou, China) and Tianyi Li (Hangzhou, China).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for data processing includes obtaining, by each secure multi-party computation (MPC) computation party of a system comprising a data provider and n secure MPC computation parties, a firs...