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56 results about "Regulatory authority" patented technology

REGULATORY AUTHORITY. Regulatory authority is the power that the legislature gives an agency to enforce statutes, to develop regulations that have the force of law, and to assist the public in complying with laws and regulations. The power that can be delegated and the method of delegation are determined by the state or federal constitution.

Decentralized identity verification systems and methods

The present invention involves systems and methods that allow participants in cryptocurrency networks to exchange cryptocurrency for traditional currency legally and safely without requiring the use of a traditional exchange or online brokerage as a fiduciary. The invention accomplishes this through the use of a decentralized identity verification protocol that allows a service provider to verify the identity of a participant and then publish an identity signature on the participant's cryptocurrency address or addresses. The invention enables full compliance with Country specific customer identification program and anti-money laundering requirements, and maintains the ability to independently satisfy requests for information or data retention requirements if requested by legally authorized parties, but does not require that the participant store the private keys or access controls to their cryptocurrency on an exchange or brokerage service.
The invention serves to verify a participant's identity in full compliance with US Bank Secrecy and Patriot Act provisions or similar regulations where identification may be achieved through non-documentary or documentary identity verification procedures. After passing the applicable verification procedure, the service provider stamps the participant's cryptocurrency address with a transaction containing an identity signature. This identity signature within the transaction consists of a public indicator of the participant's Country and subdivision, a compliance level code, an ID type indicator, and an identity hash. The identity hash is created from the digests of cryptographic hash functions where the participant's personal information is used as an input. The service provider signs the transaction with their authorized private key that corresponds to their publicly accessible public key. This serves as a publicly verifiable confirmation that the identity associated with the address in question was validated by the service provider authorized to act on behalf of the regulatory authority.
The participant may then purchase and sell cryptographic currency from and to a third party exchange or brokerage service legally and safely when using their verified cryptocurrency address. This is because the third party is able to confirm compliance by openly referencing and verifying the identity verification transaction present on the address. Subsequent transactions where the third party sells or purchases cryptocurrency for the verified participant are similarly stamped with a transaction conforming to the identity verification protocol. This allows the third party interacting with the verified participant's address to observe any regulations limiting the amount or frequency of transactions over a variable period of time. It follows that this address could be used with any third party or participant in the cryptocurrency network that observes the decentralized identity verification protocol, all without requiring the third party or participant to collect and verify personal information redundantly. The ability to verify an identity remotely also eliminates the need for the third party to act as a fiduciary holding the private keys or access controls to the verified address. Lawful requests for information by authorized authorities are served to the service provider as digitally signed transactions that may then be linked to the participant's identity and transactions, allowing the protocol to observe subpoenas or similar lawful requests for information. The encrypted personal information may be held in escrow by the service provider indexed to the verified cryptocurrency address for such purposes. An alternate embodiment would store the encrypted personal information in a decentralized network of other participants, with the information accessible for retrieval using the public key of the verified cryptocurrency address and decryption using the corresponding private key, decentralizing the process entirely except for the identity verification step.
Owner:CHAINID

Iontophoretic drug delivery electrodes and method

Non-reusable, medicament-dispensing applicator electrodes adapted for use with an iontophoresis device for facilitating delivery of medication across the cutaneous membrane into adjacent underlying tissues and blood vessels. The embodiments of the iontophoresis electrode include an open mesh having cells in the medicament dispensing portions of the electrode which retain a medicament in the form of liquid, gel or ointment. The cells are adapted to contain and iontophoretically dispense and deliver medicament formulations, which have been previously approved for therapeutic use by cognizant regulatory authorities obviating the need for reformulation. The medicament-dispensing electrodes are composite or unitary in construction and may be useful in the treatment of acne and also genital herpes simplex infection which produces cutaneous lesions, including lesions above and below the waist. The delivery electrode, when used in accordance with the medicated electrode and method described herein, demonstrated >90% treatment efficacy in clinical trials for the treatment of genital herpes. In a particularly preferred embodiment, the dispensing electrode is adapted to be worn similarly to a glove thereby enabling the user to tactily position the medicament delivery electrode to make contact with the area to be treated; receiving current for iontophoretic transdermal delivery of medicament from a wrist-worn current driver. The electrode may also comprise a portion of one or more fingers of a glove or a whole palm to cover a larger area for self treatment. A glove having a large electrode area can be driven by a single current or a multichannel source such as described in prior patents by the present inventor.
Owner:NITRIC BIOTHERAPEUTICS INC

Micro ship border crossing prevention early warning system and method

The invention discloses a micro ship border crossing prevention early warning system and method. According to the method, a positioning terminal is mounted on a micro ship, and the positioning terminal is supplied with power through a self-contained self generating device; the position coordinate information of the micro ship is acquired by the positioning terminal in real time, and the identity information and the position coordinate information of the micro ship are sent to a background server in real time; a travel route map of the micro ship on an electronic map is generated by the background server based on the internal electronic map and the received identity information and the position coordinate information of the micro ship; a border line is set on the electronic map and is taken as an electronic fence, when the travel route map of the micro ship is determined to cross the electronic fence, the identity information of the micro ship and an early warning signal are sent by the background server to relevant regulatory authorities. The method is advantaged in that no external power source is needed, operation on fishermen is not needed to carry out, whether the micro ship crosses the border can be determined by the background server, if yes, early warning and alarm are carried out, and the relevant regulatory authorities are facilitated to timely know about the border crossing information.
Owner:潘腾

Method of authentication of items put into circulation field

This invention can be used for anti-counterfeit protection of items fabricated under a specific trademark. The object of the invention disclosed herein is to provide an efficient and universal anti-counterfeit protection of commercial products and allow consumers, wholesalers and interested regulatory authorities to rapidly and reliably check the authenticity of products and other items put into circulation. The authentication system administrator manufactures and provides the manufacturer of an authentic product with the requested quantity of authentication marks. Each authentication mark includes a set of symbols. One part of this set is open for reading (overt) and is the identification combination. The authentication marks are attached to the products in such a manner that reading the identification combination is impossible without causing permanent damage to the protective media. Then the manufacturer provides the authentication system administrator with a description of the items bearing such authentication marks. The authentication system administrator checks the identification combination contained in the request against the identification combination whose serial number in the authentication database coincides with the serial number of the item and, if the respective identification procedure the description of the item that is available in the database as related to the authentication mark provided by that person. The person performing authentication concludes as to the authenticity of the item if the product description in this person's possession coincides with the product description received from the authentication system administrator.
Owner:DINTAG CORP

System and method for remotely monitoring measurement information of energy metering instrument

The present invention discloses a system and method for remotely monitoring an energy metering instrument. The system comprises a data collection terminal comprising a measurement controller and an instrument measurement device, the measurement controller controls the instrument measurement device to measure the energy metering instrument to collect measurement information, and the measurement information comprises a measurement error of the energy metering instrument obtained through measurement. The system also comprises a local server which receives the collected measurement information from the data collection terminal and encrypts the measurement information, a remote data center server which received encrypted measurement information from the local server and decrypts the measurement information, and a working station which monitors the encrypted measurement information from the remote data center server and evaluates the metering performance of the energy metering instrument and the metering performance of the instrument measurement device. By applying the system and the method, the regulatory authority can easily obtain reliable measurement data, and a good foundation is laid for market regulation, sectoral cooperation and macro information statistics.
Owner:北京市计量检测科学研究院
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