US Patent Issued to JPMORGAN CHASE BANK on April 14 for "Method and system for privacy-preserving linear optimization" (New York, New Jersey, Georgia, Illinois Inventors)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,603,765, issued on April 14, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Method and system for privacy-preserving linear optimization" was invented by Antigoni Ourania Polychroniadou (New York), Tucker Richard Balch (Suwanee, Ga.), Yue Guo (Jersey City, N.J.), Daniel Esteban Escudero Ospina (Long Island City, N.Y.) and Chenkai Weng (Evanston, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for using a privacy preserving linear optimization technique to perform computations on encrypted data while ensuring that the original data remains confidential and secure from any unauthorized access based on secure multi-party computation is...