Kaspersky Patents Blockchain Data Transfer Technology Apr 7, 2022 Apr 7, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 7, 2022 by Kelly Cromley

Kaspersky Patents Blockchain Data Transfer Technology

Kaspersky had already received a patent for a blockchain-based data transmission method from the US Patent and Trademark Office before the US government launched its attack on Kaspersky in March. The patent for the technique, which is referred to as “Systems and processes for transmitting user information from a trusted authority to an unrelated party utilizing a distributed database,” was issued on February 22, 2022.

We won’t go through everything since the patent paperwork, which can be seen here, is quite extensive. The core of the patent is that Kaspersky has devised a method of transferring data utilizing the blockchain in order to ensure that the data’s integrity is not jeopardized. This is important for Know Your Customer (KYC) and Client Due Diligence service facilitators, according to Kaspersky.
Excerpt from the patent reads as follows:

“Trusted third-party devices may be called to provide information regarding a user and the initial hash of the solicitation that has been saved in a distributed database, for example. It is possible for a trusted party gadget to create and broadcast both a first and a second hash of an affirmation request after confirming that the initial hash reflects the first hash of the solicitation as computed by the trusted gadget. And with a second hash of the confirmation message, the trusted third party gadget might get a confirmation message from the authenticated user gadget. When the third hash is verified to reflect the trusted party console’s hash of the confirmation message, the trusted party gadget may transfer the sought information to the user.”

It’s great to get a patent issued, however there are a lot of inventions that have been awarded patent, but haven’t gotten any attention. In this regard, Kaspersky states it will continue working on this technology and how it may be integrated into other services.

Alexander Sazonov, inventor of the solution at Kaspersky, said “Data administration technologies are a quickly growing global trend, and as a cybersecurity firm, we were eager to establish approaches to help ensure that these solutions are secure. We addressed this security concern while working on the initiatives by giving the technological capacity to certify data transfers while preserving data safety by not keeping it in the blockchain.”

More than merely data transmission, according to Kaspersky, this technology might be utilized to verify that an employee has the permission to sign papers or make modifications with simple tweaks. This may be useful in combating supply-chain assaults and rest of other attack vectors that use data in transit to perpetrate crimes.

This is an intriguing Kaspersky solution, and we’ll be watching it closely to see the manner in which it improves and develops. At the minimum, we’re pleased to see more blockchain-based products that aren’t merely new coins.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.