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There are other ways of achieving this, e.g. https://en.wikipedia.org/wiki/Shamir%27s_Secret_Sharing

This is like an informal version of Shamir's Secret Sharing

https://en.wikipedia.org/wiki/Shamir%27s_Secret_Sharing







Some semi-formal methods for this:

https://en.m.wikipedia.org/wiki/D%C3%A9rive


You mean something like this?

https://en.wikipedia.org/wiki/ARGUS-IS



For reference for other people this is called Key Escrow [0].

[0]: https://en.wikipedia.org/wiki/Key_escrow



You used to be able to do this:

https://en.wikipedia.org/wiki/HTML_Application



Similar (though IMHO better):

https://en.wikipedia.org/wiki/Lardo





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