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System and method for implementing hybrid public-private block-chain ledgers

  • US 10,282,711 B2
  • Filed: 08/11/2016
  • Issued: 05/07/2019
  • Est. Priority Date: 08/13/2015
  • Status: Active Grant
First Claim
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1. An apparatus, comprising:

  • a communications unit;

    a storage device; and

    at least one processor coupled to the storage device and to the communications unit, the storage device storing software instructions for controlling the at least one processor when executed by the at least one processor, and the at least one processor being operative with the software instructions and configured to;

    detect an occurrence of an event involving an asset tracked within a distributed storage ledger;

    obtain encrypted trigger-event data from at least one block of the distributed storage ledger and decrypt the encrypted trigger-event data using a private cryptographic key associated with an owner of the tracked asset;

    when the detected event corresponds to at least one triggering event identified within the decrypted trigger-event data, obtain encrypted rules data identifying one or more rules from the at least one block of the distributed storage ledger, the one or more rules being established by a centralized authority associated with the tracked asset;

    decrypt the encrypted rules data using a master cryptographic key associated with the centralized authority;

    identify, based on the decrypted rules data, at least one of the one or more rules that exhibits a causal relationship with the detected event; and

    perform first operations consistent with the at least one identified rule, the first operations involving the tracked asset.

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