What is Chainfrog Revocation?
- Patent pending technology
- Blockchain-based key revocation
- Applications in IoT, online payments, asset transfers and much more
Chainfrog Revocation is a key revocation system for blockchain implementations that are based on the technology first introduced by Bitcoin.
In a traditional public key infrastructure, a trusted central authority issues certificates that provide participants with public/private cryptographic key pairs, and similarly the trusted central authority provides a list of compromised keys through the issuing of a revocation list.
Distributed blockchains provided in peer-to-peer systems often rely on public/private cryptographic key pairs for the signing of transactions that transfer credits between entities, or for authorizing other actions of value. In such systems, participants generate and manage their own public/private key pairs rather than relying on a third-party trusted central authority. If the private key is compromised, assets can be siphoned off, so compromised keys must be revoked.
As there is no central authority to issue key revocation lists, there is a problem, which Chainfrog Revocation solves by providing a peer-to-peer blockchain compatible system and method for distributing key revocation messages.
An associated crypto-currency allows the optional levying of micro-payment charges for the submission of revocation requests. As such, a cellphone or low-power IoT device can run a thin client to connect to a Chainfrog Revocation network on a regular basis to receive and transmit data, can contribute to the running of the service, and device keys that are compromised can swiftly be revoked.
Chainfrog Revocation is patent pending (USPTO patent application 15/149,089).
For more information, consultancy services, investment opportunities and licensing queries, please contact info@chainfrog.com