US Patent Issued to CAPITAL ONE SERVICES on Oct. 28 for "Knowledge-based authentication for asset wallets" (New York, Georgia, Massachusetts Inventors)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,456,114, issued on Oct. 28, was assigned to CAPITAL ONE SERVICES LLC (McLean, Va.).

"Knowledge-based authentication for asset wallets" was invented by Samuel Rapowitz (Roswell, Ga.), Xiaoguang Zhu (New York) and Kevin Osborn (Newton Highlands, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for recovery access to lost blockchain wallet seed phrases are disclosed. The systems and methods can store seed phrases for users for future retrieval. In some examples, a decentralized oracle creates an oracle private key that can be used to authenticate a user who is requesting the seed phrase. In some examples, the oracle creates a privat...