US Patent Issued to EYGS on May 26 for "Methods and apparatus for provable backup confirmation for digital wallets using key shards" (New Jersey, Illinois, Massachusetts Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,705, issued on May 26, was assigned to EYGS LLP (London).

"Methods and apparatus for provable backup confirmation for digital wallets using key shards" was invented by Benjamin J. Ness (Sugar Grove, Ill.), Anna Rittenburg (Cambridge, Mass.), Paul J. Sussex (Chester, N.J.) and Yair Frankel (Westfield, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An apparatus includes a custodial mechanism that receive, from each compute device from at a quorum, an encrypted shard associated with a private key of a digital wallet and a cryptographic proof. The encrypted shard can be generated using an encryption key for the compute device. The cryptographic proo...