US Patent Issued to DTCC DIGITAL (US) on Nov. 18 for "Method, apparatus, and computer-readable medium for authentication and authorization of networked data transactions" (American, Ukrainian Inventors)

ALEXANDRIA, Va., Nov. 18 -- United States Patent no. 12,476,800, issued on Nov. 18, was assigned to DTCC DIGITAL (US) INC. (Jersey City, N.J.).

"Method, apparatus, and computer-readable medium for authentication and authorization of networked data transactions" was invented by George Daniel Doney (Riva, Md.), Ihor Yermakov (Arlington, Va.), Ilya Shkapo (Kharkov, Ukraine) and Oleksii Korzhuk (Kharkov, Ukraine).

According to the abstract* released by the U.S. Patent & Trademark Office: "One of the drawbacks of Distributed Ledger Technology (DLT) is the conflation of authorization and authentication of transactions on a distributed ledger. The present invention includes a highly adaptable method and system for separating, but cryptographical...