Cryptographic Asset Transfer Authentication via Secure Listing
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Solution Overview
Problem
Authentication and authorization protocols for asset transfers are complex and time-consuming, often requiring multiple communications and relying on centralized data storage, leading to inefficiencies and network connectivity dependencies.
Innovation Solution
A method and system for efficient cryptographic third-party authentication using a process authentication node that receives transfer data, retrieves digitally signed assertions from a secure listing, and authenticates the data by comparing authentication datums, thereby reducing reliance on centralized systems and streamlining the authentication process.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If multiple communication steps and centralized data storage are used for authentication, then authentication security is maintained, but authentication time increases and network dependency increases
Solution Approach 1:
The system performs preliminary authentication by obtaining digitally signed assertions from a secure listing before the actual asset transfer occurs. These assertions contain pre-verified authentication data that can be quickly compared during the transfer process, eliminating the need for multiple real-time communication steps while maintaining security.
Solution Approach 2:
The invention extracts authentication data from centralized systems and stores it in a secure listing that can be accessed locally. By taking out the authentication verification process from the centralized authentication server and enabling local comparison of authentication datums, the system reduces network dependency and authentication time while preserving security through cryptographic verification.
2Reliability
If multiple communication steps are used for authentication, then authentication thoroughness is ensured, but system complexity increases
Solution Approach 1:
The system creates copies of authentication data in the form of digitally signed assertions stored in a secure listing. These assertions contain all necessary authentication information that can be locally verified, replacing complex multi-step communication protocols with simple local data comparison while maintaining authentication thoroughness.
3Stability of the object's composition
If centralized data storage is used, then data consistency is maintained, but network connectivity dependency increases
Solution Approach 1:
The system performs preliminary retrieval and storage of authenticated data in a secure listing before offline operations are needed. By obtaining and caching digitally signed assertions in advance, the system maintains data consistency with the centralized source while enabling offline authentication operations that do not require network connectivity.
Data Source
AI summary
A system for efficient third-party authentication of asset transfers using trusted computing includes a process authentication node configured to receive transfer data relating to an asset transfer, wherein the transfer data includes at least a first authentication datum, retrieve, from an instance of a secure listing, a first digitally signed assertion including at least a second authentication datum, wherein the first digitally signed assertion is generated by a data validator device as a function of information of a transferring entity, compare the at least a first authentication datum to the at least a second authentication datum, and authenticate the transfer data as a function of the comparing of the at least a first authentication datum to the at least a second authentication datum.