Patents Assigned to Luther Systems US Incorporated
  • Patent number: 11874827
    Abstract: A system and method for automatic, rapid, and auditable updates of digital contracts allows participants to make agreed upon changes to a digital contract that is auditable and fast, so as to improve security, as well as reduce maintenance and operations costs of the management and execution of digital contracts.
    Type: Grant
    Filed: December 30, 2020
    Date of Patent: January 16, 2024
    Assignee: LUTHER SYSTEMS US INCORPORATED
    Inventors: Samuel Wood, Hossein Kakavand
  • Patent number: 11860822
    Abstract: A system and method for destroying data stored on an immutable distributed ledger utilizes technology from the following fields: encryption, digital signatures, data structures, distributed storage, distributed ledger technology, and smart contracts. Immutable distributed ledgers provide benefits for sensitive data, including availability, integrity, and data processing visibility. The system and method places sensitive data on an immutable distributed ledger and maintains these advantages of immutable distributed ledgers. The system and method also supports the efficient deletion of this sensitive data without compromising the integrity of the ledger.
    Type: Grant
    Filed: November 19, 2019
    Date of Patent: January 2, 2024
    Assignee: LUTHER SYSTEMS US INCORPORATED
    Inventors: Samuel Wood, Bryan Matsuo, Hossein Kakavand
  • Patent number: 11775479
    Abstract: A system and method for efficient and secure private similarity detection for large private document repositories reduces the amount of trust that the participants need to give to a third party and detects malicious participants. One use of this system and method is the efficient and secure detection of similar documents across large private document repositories.
    Type: Grant
    Filed: May 15, 2019
    Date of Patent: October 3, 2023
    Assignee: LUTHER SYSTEMS US INCORPORATED
    Inventors: Samuel Wood, Hossein Kakavand
  • Patent number: 11687486
    Abstract: A system and method for the secure management of digital contracts utilizes technology from the following fields: digital timestamping, encryption, distributed storage, and distributed payment systems. The existing state-of-the-art contract management systems require counter-parties to give a substantial level of trust to third parties to perform functions such as storage and verification. This system and method reduces the amount of trust that the counterparties need to give to a single third party. The system and method may be used for the secure construction and management of digital contract data and metadata.
    Type: Grant
    Filed: October 23, 2020
    Date of Patent: June 27, 2023
    Assignee: LUTHER SYSTEMS US INCORPORATED
    Inventors: Hossein Kakavand, Samuel Wood
  • Patent number: 11474971
    Abstract: A system and method for the secure management of digital contracts utilizes technology from the following fields: digital timestamping, encryption, distributed storage, and distributed payment systems. The existing state-of-the-art contract management systems require counter-parties to give a substantial level of trust to third parties to perform functions such as storage and verification. This system and method reduces the amount of trust that the counterparties need to give to a single third party. The system and method may be used for the secure construction and management of digital contract data and metadata.
    Type: Grant
    Filed: August 1, 2018
    Date of Patent: October 18, 2022
    Assignee: LUTHER SYSTEMS US INCORPORATED
    Inventors: Hossein Kakavand, Samuel Wood
  • Publication number: 20220207022
    Abstract: A system and method for automatic, rapid, and auditable updates of digital contracts allows participants to make agreed upon changes to a digital contract that is auditable and fast, so as to improve security, as well as reduce maintenance and operations costs of the management and execution of digital contracts.
    Type: Application
    Filed: December 30, 2020
    Publication date: June 30, 2022
    Applicant: Luther Systems US Incorporated
    Inventors: Samuel WOOD, Hossein KAKAVAND
  • Publication number: 20210056070
    Abstract: A system and method for the secure management of digital contracts utilizes technology from the following fields: digital timestamping, encryption, distributed storage, and distributed payment systems. The existing state-of-the-art contract management systems require counter-parties to give a substantial level of trust to third parties to perform functions such as storage and verification. This system and method reduces the amount of trust that the counterparties need to give to a single third party. The system and method may be used for the secure construction and management of digital contract data and metadata.
    Type: Application
    Filed: October 23, 2020
    Publication date: February 25, 2021
    Applicant: Luther Systems US Incorporated
    Inventors: Hossein KAKAVAND, Samuel WOOD