US Patent Issued to IRONVEST on June 10 for "Dynamic multi-party computation for securely utilizing and storing a secret data-item" (American, Israeli Inventors)

ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,243, issued on June 10, was assigned to IRONVEST INC. (New York).

"Dynamic multi-party computation for securely utilizing and storing a secret data-item" was invented by Kfir Yeshayahu (Tzur Yigal, Israel) and Avi Turgeman (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Dynamic multi-party computation for securely utilizing and storing a secret data-item. A method includes: (a) receiving or generating a secret data-item (S); (b) dividing the secret data-item (S) into shares; (c) at a first electronic device, locally encrypting a first share (S-1) into a first encrypted share (ES-1), by using a private encryption key of the first electronic ...