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US 2023/0401580 A1Published application
System and method for identity management
OwnerPoku Andrew Forsoninventor
Life of this patent
Estimating the term…
Abstract
A system and method for identity management in transactions related to commodities, assets, tokenized assets, and the like. The system allows parties in a transaction to be KYC-compliant. Details of a user for KYC can be embedded into a structure of NFT and an identity NFT representative of the KYC for the user can be minted. Any transaction by the user can be KYC validated by the identity NFT of the user.
Claims4
A method for identity management, the method comprising:
- receiving, by a registration module, through an interface, details of a user from a user, the interface implemented on a user device;
- embedding, by an NFT module, the details of the user in a structure of NFT;
- generating, by the NFT module, an identity NFT representative of KYC of the user;
- and
- linking a transaction record of a transaction with the identity NFT of the user, wherein the user is a party in the transaction.
2 more elements
A system for identity management, the system implemented within a system comprising a processor and a memory, the system configured to implement a method comprising:
- receiving, by a registration module, through an interface, details of a user from a user, the interface implemented on a user device;
- embedding, by an NFT module, the details of the user in a structure of NFT;
- generating, by the NFT module, an identity NFT representative of KYC of the user;
- and
- linking a transaction record of a transaction with the identity NFT of the user, wherein the user is a party in the transaction.
2 more elements
Dependencies are inferred from the claim text.