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DATA ANALYTIC AND SECURITY MECHANISM FOR IMPLEMENTING A HOT WALLET SERVICE

  • US 20150287026A1
  • Filed: 04/18/2014
  • Published: 10/08/2015
  • Est. Priority Date: 04/02/2014
  • Status: Active Grant
First Claim
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1. A computer-implemented method of operating a hot wallet service system, comprising:

  • receiving a cryptocurrency transaction request from a front-end server that interfaces with a requestor user device, the cryptocurrency transaction request identifying at least a hot wallet accountholder identifier;

    determining, at a manager server, a first set of authentication factor servers to authenticate the cryptocurrency transaction request, each authentication factor server utilizing a different authentication factor;

    requesting the first set of the authentication factor servers to verify a requester of the cryptocurrency transaction request against an accountholder profile associated with the hot wallet accountholder identifier;

    authenticating, via the authentication factor servers operating independently of each other, the cryptocurrency transaction request based on the accountholder profile, wherein authenticating the cryptocurrency transaction request includes the authentication factor servers independently approving the cryptocurrency transaction request by cryptographically signing approval messages with respective private authentication keys of the authentication factor servers, each of the authentication factor servers approving when the requester is verified; and

    aggregating, via the aggregation server, the approval messages respectively having cryptographic signatures of the cryptocurrency transaction request from the authentication factor servers to publish the cryptocurrency transaction request into a cryptocurrency network.

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