US Patent Issued to DTCC DIGITAL (US) on July 28 for "Method, apparatus, and computer-readable medium for authentication and authorization of networked data transactions" (American, Ukrainian Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,695,623, issued on July 28, was assigned to DTCC DIGITAL (US) INC. (Jersey City, N.J.).

"Method, apparatus, and computer-readable medium for authentication and authorization of networked data transactions" was invented by George Daniel Doney (Riva, Md.), Ihor Yermakov (Arlington, Va.), Ilya Shkapo (Kharkov, Ukraine) and Oleksii Korzhuk (Kharkov, Ukraine).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and apparatus for cryptographically linking separated authentication and authorization processes to support data transaction signing when group or corporate authority structures are required. The apparatus provides a secure, scalable model to repres...