Paypal, Inc.

Mehak Jethmalani

Michael Jim Tien Chan

Suryatej Gundavelli

Oluwatomisin Olayemi Jenrola

Stephanie Rose Desanges

Rivka Aspler-Yaskil

Oliver Vanzant

An example method of configuring a plurality of aspects of a system includes providing, by a computing system, a control smart contract and a plurality of subordinate smart contracts on a blockchain, wherein each subordinate smart contract receives a respective input regarding a respective one of the plurality of aspects and outputs a respective decision, and wherein the control smart contract controls a configuration process incorporating the subordinate contracts according to the decisions of the subordinate contracts. The method further includes conducting, by a computing system, the configuration process according to the control smart contract; and configuring the aspects of the system according to the decisions of the subordinate smart contracts.

System configuration based on smart contracts

Methods and systems described herein may implement blockchain asset authentication. A verification system may generate an encryption key associated with a digital asset, wherein the digital asset is associated with a first entity. The verification system may sign the digital asset using the encryption key. The verification system may generate a first key and a second key based on the encryption key, wherein the first key and the second key are part of a set of multi-party secret keys. The verification system may send the first key to the first entity and store the second key on the verification system. The verification system may receive a request to authenticate the digital asset. The verification system may in response to the request to authenticate, generate the encryption key based on the first key and the second key. The verification system may authenticate the digital asset based on the recreated first secret.

Verification system for proving authenticity and ownership of digital assets

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Jersey City, NJ, United States of America

Mehak Jethmalani