US Patent Issued to Dell Products on June 16 for "Last resort access to digital wallet or digital assets with smart contracts and shadow assets" (Israeli Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,657,590, issued on June 16, was assigned to Dell Products LP (Round Rock, Texas).

"Last resort access to digital wallet or digital assets with smart contracts and shadow assets" was invented by Ofir Ezrielev (Be'er Sheba, Israel), Yehiel Zohar (Sderot, Israel) and Lee Serfaty (Be'er Sheba, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "Protecting digital assets is disclosed. A primary digital asset associated with a shadow asset are stored, in a first and a second digital wallet. The primary digital asset and the shadow asset are each associated with respective smart contracts. When the primary smart contract executes, the second smart contract a...