Method, apparatus, and computer-readable medium for authentication and authorization of networked data transactions

A system for executing a transaction on a decentralized computer network, the system comprising:

• at least one computer processor;
• and
• at least one memory device operatively coupled to the at least one computer processor;
• wherein the at least one computer processor is configured to execute at least one set of instructions;
• wherein upon execution of the at least one set of instructions, the at least one computer processor is operable to:
• authenticate an actor;
• create a cryptographically signed data packet upon authentication of the actor, wherein the cryptographically signed data packet comprises an actor ID and an authenticating service ID;
• verify a cryptographic context for the transaction;
• authorize the transaction by validating via split key encryption an authority of the actor to perform the transaction on behalf of an entity;
• execute the transaction;
• and
• record the transaction on a decentralized ledger of the decentralized computer network.

A system for executing a transaction on a decentralized computer network, the system comprising:

• at least one computer processor;
• and
• at least one memory device operatively coupled to the at least one computer processor, wherein the at least one memory device is configured to store at least one set of instructions;
• wherein upon execution of the at least one set of instructions by the at least one computer processor, the at least one computer processor is operable to authenticate an actor;
• wherein upon authentication of the actor, the at least one computer processor is operable to create a cryptographically signed data packet;
• wherein upon creating a cryptographically signed data packet, the at least one computer processor is operable to verify a cryptographic context for the transaction;
• wherein upon verification of a cryptographic context, the at least one computer processor is operable to formulate a transaction;
• wherein upon formulation of the transaction, the at least one computer processor is operable to authorize the transaction by validating via split key encryption an authority of the actor to perform the transaction on behalf of the entity;
• and
• wherein upon authorization of the authority of the actor to perform the transaction on behalf of the entity, the at least one computer processor is operable to execute the transaction on behalf of the entity.