System and method for managing transferable records
A system, method, and computer programmed product for generating and transferring electronic documents. The invention includes a document system coupled to a plurality of customer systems over a network. Electronic documents are uploaded and stored to the document system from the customer system. The uploaded electronic documents are designated as a single authoritative copy and as a transferable record. A salt value associated with each uploaded electronic document is generated and stored. A digest associated with each uploaded electronic document is generated and stored using the generated salt value. The digested documents are then transferable from a presently designated holder in due course to a new holder in due course.
This invention relates to electronic document interaction.
BACKGROUND OF THE INVENTIONPaper negotiable instruments and documents (contracts) are unique in the fact that a tangible token, i.e. a piece of paper, actually embodies intangible rights and obligations. A core concept that is not easily transferable into the digital world is that of an “original” for purposes of legal concepts such as “Holder In Due Course,” “Presentment” and “Negotiation.” The extreme difficulty of creating a unique electronic token or other means which embodies the singular attributes of a negotiable paper document or instrument dictates that the rules relating to negotiable documents and instruments not be simply amended to allow the use of an electronic record for the requisite paper writing. Legal support has now been created for the creation, transferability and enforceability of electronic notes and document equivalents.
Although there exist some systems that attempt to provide for secure document storage and transfer, none present a system that strictly adheres to the new legal support, specifically, identifying and insuring a record is a single authoritative copy and that a record is transferable. Accordingly, there is a need for an electronic document system that strictly meets the present legal support, thereby giving no question to the authenticity of electronic documents.
SUMMARY OF THE INVENTIONThe present invention provides a system, method and computer programmed product for generating, identifying and transferring electronic documents. The invention includes a document system coupled to a plurality of customer systems over a network. The document system includes a document upload component, an assigning component, a salting component, and an identifier component. The document upload component uploads and stores an electronic document from one of the customer systems over the network. The assigning component designates the uploaded electronic document as a single authoritative copy and as a transferable record. The salting component generates and stores a salt value (comprised of random bits of data used to introduce randomness) that is associated with the uploaded electronic document. The digesting component generates and stores a digest of the uploaded electronic document using the generated salt value. The identifier component identifies the holder in due course of the uploaded electronic document.
The system further includes a transferring component for transferring the uploaded electronic document to a new holder in due course. The transferring component includes a flag component for flagging the stored document that was endorsed for transfer as a non-single authoritative copy.
The document system further includes an endorsing component, a transmission component, and a verifying component. In a preferred embodiment, the endorsing component endorses the document by the present holder in due course to a new holder in due course. The transmission component sends the endorsed document, the associated stored salt value, and the associated generated digest to the new holder in due course. The verifying component verifies that the sent document is the single authoritative copy based on the associated stored salt value and the associated generated digest. The document upload component uploads and stores a new electronic document to a document system from the new holder in due course. The salting component generates and stores a new salt value that is associated with the newly uploaded electronic document. The digesting component generates and stores a new digest of the newly uploaded electronic document using the generated new salt value.
In another aspect of the present invention, the verifying component generates a digest of the sent document using the sent salt value, and verifies that the sent document is the single authoritative copy by comparing the generated digest to the sent digest.
As will be readily appreciated from the foregoing summary, this invention provides a secure system, method, and computer programmed product for generating, identifying and transferring electronic documents.
BRIEF DESCRIPTION OF THE DRAWINGSThe preferred embodiment of this invention is discussed in detail below with reference to the following drawings.
The present invention is a system, method, and computer program product for generating, identifying and transferring single authoritative copies of electronic documents. The present invention is preferably implemented as software components that are executed on a networked system, such as system 20 shown in
The connections between the various components of the present invention may be a wireless or non-wireless connection, or a combination of both. Customer system 28 may be a personal computer connected to a network service provider over a public switched telephone network, a cell phone or personal data assistant wirelessly connected to a network service provider or other device that is connectable to network 30.
At block 52, the customer designates the document as a single authoritative copy, if the document is to be a single authoritative copy. At block 54, the customer designates the document as a transferable record, if the document is to be a transferable record. At block 56, document system 22 stores the uploaded document in database 24 with information about the responses to the previous actions. At block 58, document system 22 generates and securely saves a salt value, if the document is identified as a single authoritative copy. At block 60, the document system 22 generates and stores a digest based on a bit representation of the document and the salt value. The effect of “salting”, i.e., generating a digest using a salt value, effectively “marks” the document as the original and single authoritative copy. Specifically, “salting” is the creation of a unique “salt” value for a particular document or digest. This allows document system 22 to clearly separate the activities that implement negotiable status for the transferable record itself (e.g., digital signatures) and those same activities applied to the plain text defining the transferable record. The salt value is preferably no less than 20 bytes in length and is generated by using a secure algorithm. The salt value is securely stored, separately from the content defining the document (transferable record) and the document itself, to ensure that it cannot be re-associated with the original document.
At block 64, the customer electronically signs the document using customer system 28. Document system 22 applies the signature(s) to the digest based on a digital certificate recorded by the document system 22 or recorded by a system accessible to the document system. At block 68, document system 22 records which of the customers is the present holder in due course of the document.
While the preferred embodiment of the invention has been illustrated and described, it will be appreciated that various changes can be made without departing from the spirit and scope of the invention. For example, various other graphical or non-graphical UIs can be used for performing the functions described above. Accordingly, the scope of the invention is not limited by the disclosure of the preferred embodiment. Instead, the scope of the invention should be determined entirely by reference to the claims that follow.
Claims
1. A method for generating and transferring electronic documents, comprising:
- uploading and storing an electronic document to a document system from a customer system over a network;
- designating the uploaded electronic document as a single authoritative copy and as a transferable record;
- generating and storing a salt value that is associated with the uploaded electronic document;
- generating and storing a digest of the uploaded electronic document using the generated salt value; and
- identifying the holder in due course of the uploaded electronic document.
Type: Application
Filed: Jun 3, 2005
Publication Date: Oct 13, 2005
Inventors: Jeffrey Cochran (Seattle, WA), Mark Sanders (Snohomish, WA), Mir Hajmiragha (Bellevue, WA)
Application Number: 11/144,171