US Patent Issued to NCHAIN LICENSING on Nov. 11 for "Determining a common secret for the secure exchange of information and hierarchical, deterministic cryptographic keys" (British Inventors)

ALEXANDRIA, Va., Nov. 11 -- United States Patent no. 12,470,369, issued on Nov. 11, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Determining a common secret for the secure exchange of information and hierarchical, deterministic cryptographic keys" was invented by Craig Steven Wright (London) and Stephane Savanah (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method (300) and system (1) of determining a common secret for two nodes (3, 7). Each node (3, 7) has a respective asymmetric cryptography pair, each pair including a master private key and a master public key. Respective second private and public keys may be determined based on the master private key, master public key and a determ...