Cloud Wallet Authentication Server Identity Verification

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Solution Overview

Problem

The existing methods for identity verification and authentication in transactions are cumbersome and burdensome, requiring individuals to provide multiple forms of identification, which can be inefficient and insecure, especially in repeated or multiparty transactions.

Innovation Solution

An authentication system utilizing a server with a processor to facilitate secure and efficient identity verification by comparing provided information with verified data stored in a database, allowing for secure authentication and transaction validation through a cloud-based information wallet system accessible via mobile devices, reducing the need for physical documents and manual authentication processes.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If traditional authentication methods requiring multiple forms of identification are used, then authentication reliability is improved, but ease of operation deteriorates

Engineering Contradiction:

Improveauthentication reliabilityVSAvoidease of operation

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent uses digital copies of identification documents and biometric data stored in a cloud-based information wallet system. Instead of requiring physical documents and manual verification, the system creates and transmits digital representations of identification information, enabling authentication without handling physical copies of sensitive documents

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent introduces a cloud-based information wallet system as an intermediary between users and authentication processes. This intermediary stores verified identification information and facilitates authentication transactions, eliminating the need for users to directly manage multiple physical identification documents and reducing the burden on both users and verifying parties

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If multiple forms of identification are required for authentication, then authentication security is improved, but device complexity deteriorates

Engineering Contradiction:

Improveauthentication securityVSAvoiddevice complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent creates a universal authentication system where a single cloud-based information wallet can store and provide multiple types of identification information (documents, biometric data, digital credentials). This multi-functional platform consolidates what would otherwise require multiple separate systems and physical documents, reducing overall system complexity while maintaining comprehensive authentication capabilities

Inventive Principle:

Principle #6Universality (Multi-functionality)

3Reliability

If manual authentication processes are used, then authentication reliability is improved, but productivity deteriorates

Engineering Contradiction:

Improveauthentication reliabilityVSAvoidauthentication efficiency

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

The patent replaces manual authentication processes with automated electronic verification. Instead of manual inspection of physical documents and human verification of identities, the system uses electronic transmission of digital identification data, automated comparison of credentials, and digital verification protocols that can process authentication requests instantly without human intervention

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent performs preliminary verification of identification information and stores it in the cloud-based information wallet before authentication transactions occur. By pre-verify and pre-store authentication data, the system eliminates the need for repeated manual verification during transactions, enabling rapid authentication while maintaining reliability

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS20240420141A1Entity authentication through an information storage and communication system

Publication Date: 2024.12.19 WELLS FARGO BANK NA

AI summary

Systems and methods for authenticating parties and transactions are described herein. The systems and methods may be part of an information wallet system. The information wallet system or a separate authentication system in communication with the information wallet system may facilitate verification and/or authentication of the parties. In one embodiment, the authentication system includes an authentication server configured to receive an authentication request from a first party to authenticate a second party. The authentication server is further configured to transmit an information request the second party. The authentication server is configured to receive second party information and to configured to compare the second party information with a verified second party information. The authentication server is configured to transmit an authentication result to the first party device.