Obfuscation of intent in transactions using cryptographic techniques

US10552829B2 · kind B2 · utility

Assignee

• tZERO Group, Inc. · US

Inventors

• Alec Wilkins · Salt Lake City, US
• Eric Nathaniel Fish · Salt Lake City, US
• Trent Norman Larson · Bennington, US

Key dates

• Filing date: May 25, 2016
• Grant date: Feb 4, 2020
• Expiry date: Mar 28, 2038

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems described herein prevent traders from using order intent and hardware solutions to advance their order position by obfuscating the order until execution and by using a digital ledger to assign priority of the orders. As described herein, using a series of cryptographic key pairs, one side of a transaction can be created, matched, and executed while a public record is recorded and maintained but obfuscated (i.e., not publicly transparent) until after the transaction is completed.