Hardware-Secured Receptacle for Secure Transaction Authentication

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Solution Overview

Problem

Secure storage and transmission of authentication information in digital processes are challenging due to susceptibility to theft and hacking, and existing methods lack efficient and secure solutions for authentication and authorization in distributed computing systems.

Innovation Solution

The use of hardware-secured receptacle devices for storing and managing transfer method data, user authentication credentials, and generating transfers through cryptographically secured processes, including authentication and authorization mechanisms that utilize confidence levels and secure cryptographic systems to ensure security and convenience.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If authentication information is stored in digital processes, then convenience of electronic transactions is improved, but security against theft and hacking deteriorates

Engineering Contradiction:

Improveconvenience of electronic transactionsVSAvoidsecurity against theft and hacking

Core Design Contradiction:

Ease of operationVSReliability

Solution Approach 1:

The authentication information is segmented into multiple components: private keys stored in hardware-secured receptacle devices, public keys stored on the transfer processing device, and authorization data stored in the receptacle device. This segmentation ensures that no single component contains all authentication information, reducing the risk of complete compromise while enabling convenient electronic transactions through coordinated use of these segments.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

Hardware-secured receptacle devices serve as intermediaries between the user and the transfer processing device. These devices securely store private keys and authorization data, performing cryptographic operations without exposing the actual authentication information to the transfer processing device or network, thus maintaining security while enabling convenient transactions.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Adaptability or versatility

If multiple data storage and transmission steps are used in digital processes, then functionality of electronic transactions is improved, but vulnerability to theft and hacking increases

Engineering Contradiction:

Improvefunctionality of electronic transactionsVSAvoidvulnerability to theft and hacking

Core Design Contradiction:

Adaptability or versatilityVSObject-affected harmful factors

Solution Approach 1:

The most sensitive authentication information (private keys) is extracted from the digital process environment and stored in isolated hardware-secured receptacle devices. This extraction removes the vulnerable element from the transmission-prone digital environment while maintaining the necessary functionality through secure cryptographic operations performed by the receptacle device.

Inventive Principle:

Principle #2Taking out (Extraction)

Solution Approach 2:

Authentication credentials and authorization data are preliminarily stored in hardware-secured receptacle devices before any transaction occurs. The receptacle device performs verification and cryptographic operations in advance, ensuring that only authenticated users can initiate transactions, thereby reducing vulnerability during the actual transaction process.

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS11575517B2Methods and systems for utilizing hardware-secured receptacle devices

Publication Date: 2023.02.07 ARES TECHNOLOGIES INC

AI summary

A system for using hardware-secured receptacle devices includes a transfer processing device configured to store transfer method data associated with user on at least a cryptographically secured receptacle device, receive user authentication credentials from a user, authenticate user identity as a function of the user authentication credentials, retrieve a transfer authorization from the at least a cryptographically secured receptacle device as a function of the transfer method data, generate a transfer as a function of the transfer authorization.