Method and apparatus for decentralized VC funds
US11900455B1 · kind B1 · utility
Inventor
Key dates
| Filing date | Jun 27, 2021 |
| Grant date | Feb 13, 2024 |
| Priority date | — |
| Expiry date | Jan 14, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L63/0272
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method, a system, and a computer program product provide a method for managing a decentralized venture capital (“VC”) fund in a decentralized autonomous organization (“DAO”) configured to use a secure communication environment. The method includes securing authentication information, including user authentication information. The securing of the authentication information includes using a public key in the process to encrypt the authentication information and then decomposing the authentication information into subcomponents that are distributed randomly across a plurality of member computers. The method further includes recovering the authentication information by recombining the authentication information from its subcomponents then using a private key in the process to decrypt the authentication information.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.