U.S. Patent 10700861 was awarded to Workday, Inc. on June 30, 2020 and is entitled “System and method for generating a recovery key and managing credentials using a smart blockchain contract.” The first named inventor is Prakash Sundaresan of Redmond, WA. The abstract contains an overview of the patent disclosure:

A processor implemented method for generating a recovery key for a first device associated with a user and conditionally registering an identifier of the recovery key in a blockchain is provided. The method includes the steps of generating, using a first cryptographic processor on the first device associated with the user, a first set of credentials; generating a mnemonic sentence from pseudorandom data; applying a key derivation algorithm to generate the recovery key and conditionally registering an identifier of the recovery key for the first public key of the first device in a smart contract in the blockchain. The first set of credentials includes a first blockchain-compatible public-private key pair associated with the user. The first blockchain-compatible public-private key pair includes a first public key and a first private key. The first private key is restricted to the first cryptographic processor on the first device. Link to Full Patent

This blockchain patent was originally filed on September 30, 2018  as U.S. Patent Application 16/147842 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10700861. The primary examiner was Ellen Tran.

Workday, Inc., who is the original assignee of this patent, has at least 164 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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