Patent ID: 11876915
Assignee: SECURRENCY, INC.
Field: Digital communication (Electrical engineering)
Classification: CPC H  G | IPC G  H

Claim 14:
15. A system for executing a data transaction on a decentralized computer network on behalf of an entity wherein an actor's right to conduct the transaction on behalf of the entity is determined by an actor authentication process which is cryptographically linked to, but separate from, an entity authorization process, the system comprising:
at least one computer processor; and
at least one memory device operatively coupled to the at least one computer processor and storing instructions thereon which, when executed by the at least one computer processor, cause the at least one computer processor to be operable to:
authenticate the actor;
in response to authenticating the actor, create a cryptographically signed data packet providing an actor ID, an entity ID, an authenticating service ID to thereby establish a cryptographic context for the transaction;
verify the cryptographic context;
formulate the proposed data transaction in the context of the entity;
authorize the transaction by validating an authority of the actor to perform the proposed transaction on behalf of the entity;
wherein the authority of the actor is validated through split key encryption;

execute the data transaction on behalf of the entity including signing the data transaction to provide cryptographic assurance of the completion of the actor being authenticated, the cryptographically signed data packet being created, the cryptographic context being verified, the cryptographic context being defined, and the transaction being authorized;
and
record the signed data transaction on a decentralized ledger of the decentralized computer network.