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

Claim 0:
1. A method 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 method comprising:
authenticating the actor;
in response to authenticating the actor, creating a cryptographically signed data packet providing an actor ID, optionally an entity ID to represent the scope of the authentication, and an authenticating service ID to thereby establish an authentication context for the transaction;
verifying the authentication context;
formulating the proposed data transaction in the context of the entity;
authorizing 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;

executing the data transaction on behalf of the entity including signing the data transaction to provide cryptographic assurance of the completion of the authenticating step, the creating step, the verifying step, the defining step and the authorizing step; and
recording the signed data transaction on a decentralized ledger of the decentralized computer network.