Patent ID: 11948144
Assignee: CAPITAL ONE SERVICES, LLC
Field: Digital communication (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 0:
1. A method for recovering access to a wallet, the method comprising:
generating, by one or more processors of a device, a key pair comprising a recovery public key and a recovery private key;
encrypting, by the one or more processors, a seed phrase with the recovery public key, thereby creating an encrypted seed phrase;
transmitting, from the one or more processors, the recovery public key, the encrypted seed phrase, and a master public key associated with the wallet to a decentralized oracle;
transmitting, from the one or more processors, a recovery request to the decentralized oracle to receive the encrypted seed phrase, the recovery request comprising an address associated with an address node;
receiving, at the one or more processors and from the decentralized oracle, a knowledge-based authentication question based upon account information associated with the address;
transmitting, from the one or more processor and to the decentralized oracle, an answer to the knowledge-based authentication question and a predetermined range for comparing the answer with the account information; and
receiving, at the one or more processors, the encrypted seed phrase from the decentralized oracle.