US Patent Issued to Verizon Patent and Licensing on May 5 for "Systems and methods for blockchain-based secure key exchange with key escrow fallback" (California, New Jersey Inventors)

ALEXANDRIA, Va., May 5 -- United States Patent no. 12,621,143, issued on May 5, was assigned to Verizon Patent and Licensing Inc. (Basking Ridge, N.J.).

"Systems and methods for blockchain-based secure key exchange with key escrow fallback" was invented by Muhammad Salman Nomani (Hillsborough, N.J.) and John M. Stokes (Yorba Linda, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system described herein provides for the secure maintaining and providing of information, such as public keys used in Public Key Infrastructure ("PKI") techniques or other techniques, using a distributed ledger (e.g., "blockchain") system with a fallback to a key escrow system. A first device may encrypt a communication using...