Patent ID: 11954212
Assignee: SECURRENCY, INC.
Field: Computer technology (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 18:
19. A computer system for secure authorization of data transactions represented as state changes in a decentralized computing network including a distributed ledger platform, the system comprising:
at least one computer hardware processor;
a root right expressed in a smart contract code; and
at least one memory device having computer readable instructions stored thereon which are configured to be executed by the at least one computer hardware processor;
wherein the root right expressed in the smart contract code is executed on the decentralized computing network, wherein the root right permits execution of specified functions to thereby create an immutable right;
wherein a right to permit execution of at least one of the specified functions is configured to be delegated from the root right to a wallet on the decentralized network to create a delegated right, wherein the wallet is configured to sign transactions corresponding to the at least one of the specified functions, wherein the delegated right is configured to be revoked or reassigned by the root right;
wherein a data structure is recorded in a delegation registry that represents the delegated right; and
wherein the wallet is configured to authorize a transaction on the decentralized computing network by signing the transaction with the wallet.