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Method of preventing unauthorized distribution and use of electronic keys using a key seed

  • US 7,352,867 B2
  • Filed: 07/10/2002
  • Issued: 04/01/2008
  • Est. Priority Date: 07/10/2002
  • Status: Active Grant
First Claim
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1. A method of generating an electronic key used in an electronic transaction, said method comprising executing a first one-way function which is unique to a first host and installed on said first host that derives said electronic key from:

  • a key seed received along with said first one-way function from a key distribution centre, said key seed and said first one-way function being saved in a non-volatile storage unit of said first host, anda unique host identification of said first host, said unique host identification not received from the key distribution centre;

    said function being executed to derive said electronic key each time an electronic transaction requiring the use of said electronic key is made.

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