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Enabling business transactions in computer networks

  • US 6,490,358 B1
  • Filed: 08/16/2000
  • Issued: 12/03/2002
  • Est. Priority Date: 11/15/1996
  • Status: Expired due to Term
First Claim
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1. A system for escrowing private keys, comprising:

  • a computer; and

    a smart token interconnected with the computer, the smart token comprising a private key of a public key pair associated with the smart token;

    the computer being programmed to encrypt the private key of the public key pair associated with the smart token with a public key of a public key pair associated with a user of the smart token, to encrypt a private key of the public key pair of the user of the smart token with a public key of the public key pair associated with the smart token, and to transmit to an escrow agent the encrypted private key of the public key pair associated with the smart token and the encrypted private key of the public key pair associated with the user of the smart token.

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