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

Claim 5:
6. A system for recovering access to a wallet, the system comprising:
one or more processors; and
a memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the system to:
generate a key pair comprising a recovery public key and a recovery private key;
encrypt a seed phrase with the recovery public key, thereby creating an encrypted seed phrase;
transmit the recovery public key, the encrypted seed phrase, and a master public key associated with the wallet to a decentralized oracle;
transmit a recovery request to the decentralized oracle to receive the encrypted seed phrase, the recovery request comprising an address associated with an address node;
receive, from the decentralized oracle, a knowledge-based authentication question based upon account information associated with the address;
transmit, 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
receive the encrypted seed phrase from the decentralized oracle.