
Patent for encrypting shared information through its lifecycle – persisting safety across untrusted sharing instruments and networks
— Ajay Jotwani, Co-founder & CEO, i2Chain
SAN FRANCISCO, CALIFORNIA, USA, August 23, 2022 /EINPresswire.com/ — USPTO grants the inventor i2Chain, Inc. the patent # US11343094B2 for encrypting shared information through its life cycle for creating the distinctive functionality to persist encryption through the life cycle. i2Chain helps enterprises retailer and share non-fungible and authorized paperwork which are traceable through the life cycle and gives highly effective APIs that may be embedded within the buyer’s proprietary digital course of simply & intuitively.
“The capability enables our users to share and distribute information and documents securely – ensuring the data is tamper-proof & hack-proof through the life cycle,” says Ajay Jotwani, Co-founder & CEO. Mr. Jotwani additional added that the power to create non-fungible content material and paperwork permits enterprise prospects to retailer, share and distribute delicate & categorised paperwork securely, with ease, and make sure the integrity of their information & therefore their model.
During the pandemic, workers of Bank of America, Barclays, Citigroup, Deutsche Bank, Goldman Sachs Group, Morgan Stanley, and the UBS Group used apps akin to WhatsApp to debate funding phrases, consumer conferences, and different business. The Wall Street Journal reported on August nineteenth, 2022, that the regulators compelled these banks to pay settlements of $200 million every for violating regulatory necessities to protect, monitor, & file written communications. Jefferies Financial Group and Nomura Holdings are additionally nearing such settlement funds. The banks can keep away from such penalties through the use of the i2Chain app that encrypts the information through the life cycle and across sharing platforms. As requested beneath SEC and CFTC guidelines, the i2Chain app additionally preserves and screens all chained communications and establishes the chain-of-custody for regulators who test compliance with investor-protection legal guidelines.
In this context, Ranga Jayaraman, Advisor to i2Chain, previously Chief Digital Officer of Stanford Business School & CIO of Nvidia Corporation, says, “i2Chain ensures the intended security for the document is encapsulated within the document. This enables businesses to embed i2Chain APIs to reduce the cycle time of executing a highly secure digital process. Also, life-cycle encryption establishes chain-of-custody and ensures full compliance with privacy laws & regulations.”
Enterprises can not implement their safety insurance policies on copies on clouds, native techniques, or sharing of categorised, confidential, delicate paperwork outdoors their domains utilizing purposes like WhatsApp. Non-disclosure agreements, generally often known as NDAs, provide some type of authorized binding however are extraordinarily laborious to implement. The functionality to encrypt through the life-cycle can allow the companies a important aggressive benefit, defend delicate information and paperwork from leakage, defend mental property (IPs), and meet export rules like ITAR (International Traffic in Arms Regulation), FINRA, and privateness rules like GDPR, CCPA, and others.
The invention is leveraged by the i2Chain utility to encrypt content material or doc in order that system-registered paperwork will be safely saved or shared by way of untrusted file techniques or untrusted transport techniques with out disclosing the contents. Mark Manasse, the Lead Researcher at i2Chain, explains, “It gives each user an individually-encrypted copy of the whole document (e.g., to help traitor-tracing, and identifying leaks, and transitive revocations) and provides a chain-decryption to supply to an editor or viewer. It also monitors the editor or viewer and re-encrypts any modified or newly-saved documents at that point, reentering the documents into the chained set of documents, restoring and preserving the chain of encryptions, allowing short-cuts for efficiency.”
About i2Chain, Inc.
i2Chain is a San Francisco startup that delivers safe and privacy-compliant clouds, folders, and recordsdata to banking, monetary providers, healthcare, and navy entities that share PII, PHI, or categorised information with co-processors and ecosystem companions. i2Chain encrypts paperwork to make them tamper-proof, enforces insurance policies that persist inside and outdoors the networks making these non-fungible, and gives real-time proof high quality audit logs.
Learn extra at https://www.i2chain.com/
Mainak Trivedi
i2Chain, Inc.
[email protected]
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Experience creating non-fungible content material or doc and sharing securely across networks