US Patent Issued to JPMORGAN CHASE BANK on April 21 for "Systems and methods for generation and use of a distributed private key with a distributed ledger network" (New York, New Jersey Inventors)

ALEXANDRIA, Va., April 21 -- United States Patent no. 12,608,703, issued on April 21, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Systems and methods for generation and use of a distributed private key with a distributed ledger network" was invented by Chaddy Huussin (West New York, N.Y.), Yassir Nawaz (Short Hills, N.J.) and Angelo Aratan (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed techniques relate to a method of securing a distributed ledger system, comprising: receiving, from a user application executed on an electronic user device and at a shared security platform executed on a backend, a request for a private key, the private key capable of accessing an account of...