US Patent Issued to TELEFONICA INNOVACION DIGITAL, S.L.U. on Dec. 2 for "Multi-factor authentication method and system for WEB3 services" (Spanish Inventor)

ALEXANDRIA, Va., Dec. 2 -- United States Patent no. 12,489,630, issued on Dec. 2, was assigned to TELEFONICA INNOVACION DIGITAL, S.L.U. (Madrid).

"Multi-factor authentication method and system for WEB3 services" was invented by Xiaoyuan Yang (Madrid).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and system for multi-factor authenticating users in Web3 services includes a multi-factor authentication (e.g., 2FA) provider configured to validate that an end-user owns a public key in a blockchain based on a cryptocurrency or a NFT transference, the public key used as a first factor for the authentication. The authentication provider interacts with a smart contract to perform the multi-factor authenticati...