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System and method for implementing digital signature using one time private keys

  • US 20060020811A1
  • Filed: 07/11/2005
  • Published: 01/26/2006
  • Est. Priority Date: 07/23/2004
  • Status: Active Grant
First Claim
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1. A method for implementing transactions from a signing entity over a network to a receiving entity using digital signatures, the method comprising the steps:

  • a) providing instructions to a receiving entity for performing a transaction;

    b) digitally signing the transaction with a digital signature generated by using a private key; and

    c) irretrievably deleting the private key;

    wherein the private key is used to generate the digital signature only once; and

    further wherein the private key never leaves the possession of the signing entity.

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