US Patent Issued to Dell Products on Sept. 15 for "Last resort access to digital wallet or blockchain assets with smart contracts" (Israeli Inventors)

ALEXANDRIA, Va., Sept. 15 -- United States Patent no. 12,737,751, issued on Sept. 15, was assigned to Dell Products LP (Round Rock, Texas).

"Last resort access to digital wallet or blockchain assets with smart contracts" 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: "Access to digital assets when a private key is lost or unavailable is disclosed. A digital wallet may store a digital asset and a smart contract. When conditions of the smart contract are satisfied, the digital asset is automatically transferred to a new digital wallet that is associated with a new digital key. A user may acqui...