Wells Fargo & Co has patented a method for session authentication and random number generation using quantum technology. The method involves encoding and decoding qubits over a quantum line without transmitting information about the quantum bases used. GlobalData’s report on Wells Fargo & Co gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Wells Fargo & Co, Virtual banking assistant was a key innovation area identified from patents. Wells Fargo & Co's grant share as of May 2024 was 76%. Grant share is based on the ratio of number of grants to total number of patents.
Quantum session authentication and random number generation
A recently granted patent (Publication Number: US12003628B2) discloses a method for session authentication using quantum technology. The method involves encoding circuitry in a first device selecting a set of quantum bases, generating qubits based on these bases, and transmitting them over a quantum line to decoding circuitry without revealing information about the bases used. The selection of quantum bases is done independently of the bases used by the decoding circuitry, enhancing security and reliability in the authentication process.
Furthermore, the method includes generating pseudorandom values to assist in selecting quantum bases, ensuring unpredictability and robustness in the authentication process. The apparatus for session authentication described in the patent includes encoding and decoding circuitry, along with random number generation and session authentication circuitry. The use of quantum technology, such as optical fibers or waveguides, in the authentication process adds an extra layer of security to safeguard sensitive information. Overall, the patent highlights an innovative approach to session authentication leveraging quantum principles for enhanced data protection and secure communication channels.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
