Patent ID: 9411982
Filing Date: 2016-08-09
CPC Classification: G06F,H04L

Claim Text:
1. A non-transitory computer readable storage medium comprising one or more sequences of instructions executed by one or more processors to: maintain, for a principal, an account containing one or more digital assets, the one or more digital assets being accessible over a network connection, wherein the principal includes a user that is an owner of the account; generate a cryptographic secret for controlling access to the account of the principal, the cryptographic secret divided into a plurality of distinct shares; receive configuration information, the configuration information specifying a minimum number of the distinct shares of the cryptographic secret that are required to grant access to the account; distribute the distinct shares to a plurality of recipients, each recipient receiving at least one distinct share of the cryptographic secret; revoke a share of the plurality of distinct shares without re-issuing the cryptographic secret; determine that a transfer event has occurred associated with the account of the principal, wherein the transfer event is a determination that the user is at least one of deceased or incapacitated; receive one or more distinct shares from the plurality of recipients; and in response to verifying that the minimum number of the distinct shares of the cryptographic secret have been received from the plurality of recipients, grant access to the account of the principal containing the one or more digital assets.