US Patent Issued to EFFICIENT AUCTIONS on June 3 for "System and method for cryptographic choice mechanisms" (District Of Columbia Inventors)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,322,217, issued on June 3, was assigned to EFFICIENT AUCTIONS LLC (Washington).

"System and method for cryptographic choice mechanisms" was invented by Andrew Komo (Washington) and Lawrence M. Ausubel (Washington).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process...