Patent for encryption of shared information throughout its lifecycle – persistent security across untrusted sharing tools and networks

Create, store and share non-fungible, trackable content across corporate boundaries to protect and enhance your brand image. »

— Ajay Jotwani, Co-Founder and CEO, i2Chain

SAN FRANCISCO, CALIFORNIA, USA, Aug. 23, 2022 /EINPresswire.com/ — USPTO grants inventor i2Chain, Inc. Patent No. US11343094B2 for encryption of shared information throughout its lifecycle to create the unique ability to persist encryption throughout the lifecycle. i2Chain helps companies store and share non-fungible, certified documents that are traceable throughout the lifecycle and provides powerful APIs that can be easily and intuitively integrated into the customer’s proprietary digital process.

“This capability enables our users to securely share and distribute information and documents, ensuring data is tamper-proof and hack-proof throughout the lifecycle,” says Ajay Jotwani, Co-Founder and CEO. Mr. Jotwani further added that the ability to create non-fungible content and documents allows enterprise customers to store, share and distribute sensitive and classified documents securely, with ease, and ensure the integrity of their data and therefore of their brand.

During the pandemic, employees at Bank of America, Barclays, Citigroup, Deutsche Bank, Goldman Sachs Group, Morgan Stanley, and UBS Group have used apps such as WhatsApp to discuss investment terms, client meetings, and information. other business. The Wall Street Journal reported on August 19, 2022 that regulators forced these banks to pay settlements of $200 million each for violating regulatory requirements to preserve, monitor and record written communications. Jefferies Financial Group and Nomura Holdings are also approaching those settlement payments. Banks can avoid such penalties by using the i2Chain application which encrypts information throughout the lifecycle and across sharing platforms. As required by SEC and CFTC rules, the i2Chain application also preserves and monitors all chained communications and establishes the chain of custody for regulators verifying compliance with investor protection laws.

In this context, Ranga Jayaraman, Advisor to i2Chain, former Chief Digital Officer of Stanford Business School and CIO of Nvidia Corporation, says: “i2Chain ensures that the security intended for the document is encapsulated in the document. This allows companies to integrate i2Chain APIs to reduce the execution cycle time of a highly secure digital process. Additionally, lifecycle encryption establishes a chain of custody and ensures full compliance with privacy laws and regulations.

Companies cannot enforce their security policies on cloud copies, local systems, or sharing of classified, confidential, and sensitive documents outside of their domains using apps like WhatsApp. Non-disclosure agreements, commonly referred to as NDAs, provide some form of legal binding, but are extremely difficult to enforce. Lifecycle encryption capability can give businesses a critical competitive advantage, protect sensitive data and documents from leaks, safeguard intellectual property (IP), and comply with export regulations such as ITAR (International Traffic in Arms Regulation), FINRA and privacy regulations such as GDPR, CCPA and others.

The invention is exploited by the i2Chain application to encrypt the content or document so that documents saved in the system can be securely stored or shared via untrusted file systems or untrusted transport systems without disclosing the contents. Mark Manasse, Principal Researcher at i2Chain, explains: “It gives each user an individually encrypted copy of the entire document (e.g. to help track down traitors, identify leaks and transitive revocations) and provides decryption chained to provide to an editor or viewer.It also monitors the editor or viewer and re-encrypts any modified or newly saved documents at this point, reintroducing the documents into the chained set of documents, restoring and preserving the chain of ciphers, allowing shortcuts for efficiency.”

About i2Chain, Inc.
i2Chain is a San Francisco startup that provides secure, privacy-compliant clouds, records, and files to banking, financial, healthcare, and military entities that share PII, PHI, or classified information with co-processors and ecosystem partners. i2Chain encrypts documents to make them tamper-proof, enforces policies that persist inside and outside networks making them non-fungible, and provides real-time evidence-grade audit logs.
Learn more at https://www.i2chain.com/

Maiak Trivedi
i2Chain, Inc.
[email protected]
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Experience in non-fungible content or document creation and secure sharing over networks

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