Patent 11985254 was granted and assigned to PayPal on May, 2024 by the United States Patent and Trademark Office.
Methods and systems are presented for providing a secured framework for facilitating electronic transactions using a multi-party computation approach. Under the multi-party computation approach, the task of authenticating a transaction conducted through a user account is distributed among multiple computer nodes. One or more secrets and shares of a secret are distributed among the multiple computer nodes. An authentication process is implemented such that at least a portion of the multiple computer nodes, including one or more required nodes, exceeding a predetermined number of nodes are needed to perform a set of computations using the corresponding secret(s) and/or shares of the secret in order to generate a digital signature for the user account. By verifying the digital signature using a public key of the user account, it can be determined that the participation requirement has been satisfied.