Assa Abloy had two patents in regtech during Q4 2023. The patent filed by Assa Abloy AB in Q4 2023 describes systems and methods for securely sharing private information using a mobile device. The device can identify a verifier device with a wireless connection, connect to it upon a triggering event, transmit encrypted digital credentials, prompt user consent for sharing specific data elements, and securely transmit information for decryption of the requested data element. GlobalData’s report on Assa Abloy gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Assa Abloy grant share with regtech as a theme is 50% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Securely sharing private information (Patent ID: US20230337000A1)
The patent filed by Assa Abloy AB describes systems and methods for securely sharing private information using mobile and verifier devices. The mobile device is configured to identify a verifier device with an available wireless connection, connect to it, transmit a digital credential with encrypted data elements, prompt the user for consent to share specific data elements, and transmit information for decryption only when consent is given. The verifier device, on the other hand, is designed to receive the digital credential, determine which data elements are needed for verification, request access to those elements, receive decryption information from the user device, decrypt the data elements, and verify the user device based on the decrypted information. The system ensures secure sharing of information by encrypting data elements separately using distinct encryption keys and requiring user consent for sharing specific data elements.
The method and verifier device also involve interactions with a secondary verifier device for additional verification processes, such as transmitting the digital credential and decryption information, receiving decrypted data elements, and verifying the user device based on the received information. The system further includes triggers based on wireless signal strength to initiate the sharing process, ensuring that the exchange of information is secure and controlled. Overall, the patent outlines a comprehensive system for securely sharing private information between mobile and verifier devices, incorporating encryption, user consent, and verification processes to protect sensitive data during transmission.
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