Everything Blockchain Inc. announced that it has been allowed a patent application for its multi-factor geofencing system for secure encryption and decryption by the United States Patent and Trademark Office (USPTO). This technology is a critical component of the solution as it facilitates a secure data decryption process, initiated by a device's request to a server, and followed by a QR code interaction between two devices. The innovative process leverages geolocation validation, ensuring that the decryption occurs only within specified geolocation bounds, adding an extra layer of security to sensitive data transactions.

The outdated burden of key management often still falls on the shoulders of Information Technology (IT) and security teams, drawing them away from other critical responsibilities. With EB Control, that practice becomes obsolete as organizations gain full command of how, when, where and with whom they share their sensitive information, with key management handled seamlessly and automatically by the solution. EB Control's geofencing technology captures precise location coordinates that are then securely passed to its server for validation.

Once the server has confirmed that the devices are within the approved area and within the required proximity of each other, authorized recipients will be able to decrypt and access the secured data. The allowance by the USPTO for the patent application indicates that the patent will receive full approval in the coming months. Once approved the technology will join Everything Blockchain Inc.'s roster of existing patents as company continue to create technologies and provide accessible, powerful data protection solutions.