US Patent Issued to Experian Information Solutions on Aug. 5 for "Symmetric encryption for private smart contracts among multiple parties in a private peer-to-peer network" (California Inventors)

ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,381,712, issued on Aug. 5, was assigned to Experian Information Solutions Inc. (Costa Mesa, Calif.).

"Symmetric encryption for private smart contracts among multiple parties in a private peer-to-peer network" was invented by Vijay Mehta (Newport Beach, Calif.) and Alexander Phan (Aliso Viejo, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Features for providing a secure method of symmetric encryption for private smart contacts among multiple parties in a private peer-to-peer network. The features include a master key representing a unique blockchain ledger. The master key may be shared among multiple participants in a private peer-to-peer network....