Paypal, Inc.

Alon Navon

Lev Pachmanov

Jonathan Katz

Ben Riva

Dan Yadlin

Gil Meir

Avihai Yosef

Yehonatan Yochpaz

The present disclosure provides techniques for efficient blockchain transaction processing. In one embodiment, a computer system broadcasts a first transaction to a blockchain network for addition to a block in a blockchain. The computer system may broadcast a second transaction to the blockchain network for addition to the block in the blockchain, where the second transaction descends from the first transaction and includes a placeholder fee. The computer system monitors and determines that the first transaction has not been confirmed to the block in the blockchain for a duration of time (e.g., stuck in the mempool). In response to determining that the first transaction is stuck, the computer system may transmit a request to replace the placeholder fee with a transaction fee that is sufficiently high to cause the first transaction and the second transaction to be confirmed to a block in the blockchain, thereby unsticking the first transaction.

Software architecture for efficient blockchain transactions

A system and method for digitally signing data. A method includes generating, by a first device, at least one first secret share based on a secret key chosen by the first device, wherein the first device is offline with respect to a second device; partially signing data by the first device using the at least one secret share, wherein the data is received from the second device without establishing direct communications between the first device and the second device; and sending the partially signed data from the first device to the second device, wherein the second device generates signed data using the partially signed data, wherein the signed data corresponds to a public key generated based on the at least one first secret share and at least one second secret share generated by the second device.

Techniques for single round multi-party computation for digital signatures

Methods and systems for managing loyalty programs using a decentralized blockchain are provided. Transactions between users and a merchant are monitored via an application programming interface (API) of a service provider. Based on the monitoring, it may be determined that at least one of the users has satisfied reward criteria for a loyalty program associated with the merchant. The loyalty program includes a plurality of tokens to be distributed to users who satisfy the reward criteria configured by the merchant via a merchant interface. At least one token from among the plurality of tokens may be selected for the user, based on at least one smart contract associated with the merchant. The smart contract is stored on the blockchain in association with a unique identifier for the merchant. A transaction is broadcasted to the decentralized blockchain for transferring the at least one token to a digital wallet of the user.

On-chain loyalty program management

A system and method for securing application programming interface (API) requests using multi-party digital signatures. The method includes generating, by a first system, at least one first secret share of a plurality of secret shares based on an API secret, wherein the plurality of secret shares includes the at least one first secret share and at least one second secret share, wherein the at least one second secret share is generated by at least one second system; and signing, by the first system, an API request using the at least one first secret share, wherein the API request is further signed by the at least one second system using the at least one second secret share, wherein the API request is signed without revealing any of the at least one first secret share to the at least one second system and without revealing any of the at least one second secret share to the first system.

Techniques for securing application programming interface requests using multi-party digital signatures

Techniques for securing digital signatures using multi-party computation. A method includes generating at least one first secret share by a first system, wherein at least one second secret share is generated by one of at least one second system; signing data based on the at least one first secret share when a signing policy is met, wherein the signing is part of an interactive signing process including running a multi-party computation protocol by the first system and the at least one second system, wherein the signed data corresponds to a public key generated based on the plurality of secret shares, wherein the signing policy requires a minimum number of secret shares, wherein shares of one system alone are not sufficient to meet the signing policy, wherein no portion of shares of one system are revealed to the other system during the interactive signing process.

Growing community of inventors

Tel Aviv, Israel

Alon Navon