US Patent Issued to JPMORGAN CHASE BANK on Sept. 1 for "Systems and methods for practical quantum position-based key exchange" (Singaporean, American Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,726,342, issued on Sept. 1, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Systems and methods for practical quantum position-based key exchange" was invented by Wen Yu Kon (Singapore), Ignatius William Primaatmaja (Singapore), Kaushik Chakraborty (Singapore), Ci Wen Lim (Singapore) and Marco Pistoia (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method may include: a third-party receiving a claimed position from a prover; the third-party and the prover exchanging quantum information; the third-party generating a third-party raw key based on the quantum information; the prover generating a prover raw key based on the quantum informati...