Risk mitigation for a cryptoasset custodial system using data points from multiple mobile devices

US11562349B2 · kind B2 · utility

Assignee

• Anchor Labs, Inc. · US

Inventors

• Nathan P. McCauley · San Francisco, US
• Diogo Monica · San Francisco, US
• Boaz Avital · San Francisco, US
• Riyaz D. Faizullabhoy · Los Altos, US
• Joao Manuel Pinto Peixoto · San Francisco, US
• Kristen B. Howard · San Francisco, US

Key dates

• Filing date: Sep 20, 2019
• Grant date: Jan 24, 2023
• Expiry date: Sep 20, 2039

Classification

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

Abstract

Methods, systems, and apparatus for risk mitigation for a cryptoasset custodial system include transmitting an endorsement request for a cryptoasset transaction to a user device configured to cause the user device to prompt a user to endorse the cryptoasset transaction. Multiple data points are collected from mobile devices associated with the user. The data points indicate an identity of the user. A cryptographic endorsement of the cryptoasset transaction is received from the user device. A graphical visualization including a risk metric is generated based on the data points. The risk metric indicates a risk of accepting the cryptographic endorsement from the user device. Generating the graphical visualization includes determining whether the plurality of data points matches expected values.