Tuesday, August 2, 2016

System and method for user authentication using crypto-currency transactions as access tokens

US20160162897: Filing Cabinet LLC

A method for crypto-currency transaction authentication includes receiving, by a computing device, from a data storage device associated with a first entity, an authentication information demonstrating possession of a private key, retrieving, by the computing device, from an audit chain, at least one crypto-currency transaction to an address associated with a public key corresponding to the private key, and authenticating, by the computing device, based on the retrieved crypto-currency transaction, the first entity.

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