User Identity Sharing System Utilizing a Distributed Ledger Technology (DLT) Security Platform for Virtual Asset Services

Standard Patent for Identity Information based on FATF Guidelines

This technology pertains to an identity sharing system, specifically a distributed ledger technology-based user identity sharing system for virtual asset services. It enables the reception of counterparty identity information when virtual assets are sent and received using distributed ledger technology.

This user identity sharing system, which leverages a distributed ledger technology security platform for virtual asset services, prevents the forgery and alteration of user identity information. It also facilitates the sharing of user identity information among virtual asset service providers, other blockchain and distributed ledger technology platforms, and existing IT systems.

Furthermore, this technology enables compliance with anti-money laundering obligations related to virtual assets through the identity verification and storage of virtual asset senders and recipients. It also ensures adherence to the Financial Action Task Force (FATF) guidelines (Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers) and personal information protection laws and regulations in each country.

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Key Features

• Off-chain, involving one or more virtual asset service providers and one or more identity management service providers operating as regional or national blockchains within the same jurisdiction
• Including on-chain, which involves one or more virtual asset service providers operating as a borderless global blockchain
• Off-chain user identity information, participating in the respective off-chain and also in the on-chain
• Configured to share anonymized identity information between virtual asset service providers and other virtual asset service providers participating in the on-chain

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[Standard Patent Details]

Domestic and international standards related to patent technology: TTA Telecommunications Technology Association Standard TTAK.KO-12.0374

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