SECURE AND RELIABLE BRIDGE FOR TRANSFERRING ASSETS ACROSS DIFFERENT NETWORKS
Patent Information
- Application Number
- DE602022022073
- Authority / Receiving Office
- DE · DE
- Patent Type
- Patents
- Current Assignee / Owner
- Priority Date
- 2022-04-22
- Filing Date
- 2022-07-07
- Publication Date
- 2025-09-24
- Estimated Expiration
- 2042-07-07
AI Technical Summary
Existing blockchain systems face high transfer fees and limitations in cross-chain asset transfers, with users often unable to move assets between different blockchains due to unsupported protocols, and existing secure computing environments are vulnerable to manipulation by malicious actors.
A secure enclave environment is used to facilitate cross-chain asset transfers through a trustless and secure bridge, allowing assets to be transferred between wallets with the same address on different blockchains, validated by remote attestation from anonymous wardens, and utilizing a cross-chain smart contract to ensure secure and efficient transactions.
The solution provides a low-cost, low-latency, and secure means to transfer assets across blockchains, reducing the risk of manipulation and transaction fees, while ensuring trustworthiness and simplifying the wallet structure, thus increasing user trust and enabling broader investment opportunities.