Bank of America Corporation

Brandon Matthew Castagna

Rob Oddy

Joseph Benjamin Castinado

Joseph Allen Rice

Kevin Ben Hicks

Akiva D Kates

Suresh Jagarlamudi

Dean Lyons Henry

Alfred James Reed

Tracey A Mochnal

Lisa Snow Pugh

Mei Lin

Vinod Vijapur

Rajesh Mulani

Anand Ramachandra Nayak

Kay Griep

Robert Foote

Jack Vaalburg

Christopher Hope

Tiffany Ashley Wan

Ayeesha Sachedina

Matthew R Leavenworth

Eileen M Holcomb

Ather Williams, Iii

Sumita Desai

Chris Lord

Nick Pearson

David McGinness

Alex Wong

Lauren Hewings

Sasikumar Sivaraman

Anna Xu

Shehreyar Jamshed

James McMorrow

This application describes an autonomous system for utilizing a non-fungible token ('NFT') to manage dynamic operational conditions applied to bank account. The autonomous system may include a dynamic NFT stored on a distributed ledger. The dynamic NFT may include non-editable fields and editable fields. The autonomous system may include a static NFT stored on the distributed ledger. The dynamic and static NFTs may be linked to an account. The static NFT may define operating conditions for the non-editable account number. The autonomous system may include a smart contract that executes on the distributed ledger. The smart contract may detect a change in a value stored in the editable field of the dynamic NFT. The smart contract may locate operating conditions stored in the static NFT. Based on the operating conditions and the value, the smart contract may take action to manage the corresponding account.

Operational lifecycle management using a dynamic non-fungible token

Apparatus and methods for utilizing non-fungible tokens ('NFTs') for payment redemption and remittances are provided. A payor may use a computer program product to create an NFT. The NFT may include a digital envelope and metadata. The digital envelope may include one or more payment terms as a payment statement and the payment funds. The NFT may be transferred to a digital wallet belonging to a payee. The payee may select an option to redeem the payment funds. The payment funds may be transferred to the payee per the selection.

Payment redemption using non-fungible tokens

Systems, computer program products, and methods are described herein for automatic provisioning of limited-transferability electronic certificates associated with events. The present invention may be configured to receive event data including event information associated with an event, receive user data including user information associated with a user, where the user is associated with the event, and generate, based on the event data and the user data, an electronic digital certificate. The present invention may be configured to store the electronic digital certificate on a distributed ledger and generate, on the distributed ledger, a smart contract associated with the electronic digital certificate that prevents transfer of the electronic digital certificate. The present invention may be configured to record, on the distributed ledger, that the user owns the electronic digital certificate and provide, to a user device associated with the user, a notification that the user owns the electronic digital certificate.

Electronic system for automatic provisioning of limited-transferability electronic digital certificates associated with events

The present disclosure is directed to a novel system for using a distributed register to generate, manage, and store data for interest-pooled time deposit resource accounts. The invention leverages a pooled resource account approach, allowing for multiple disparate resource accounts to benefit from an enhanced interest return by pooling resource accounts. The system components of the invention contemplate the use of distributed register technology to provide a verified ledger of information related to one or more resource accounts, as well as store system data, user data, and metadata related to the movement and management of resources. By using a distributed register approach to store and verify data related to time-dependent resource account services, the invention provides an automated system and methods for enhancing the flow of sensitive verified information, reducing the need for manual review and increasing the speed at which various resource account services can be validated and executed.

Systems and methods for maintaining pooled time-dependent resources in a multilateral distributed register

A method for harnessing a connected network to securely verify and execute a transaction is provided. The method may include requesting a PIN from a mobile device. The request may be transmitted via a USSD message. The method may also include receiving the PIN from the mobile device. The PIN may be received via a response to the USSD message. The method may also include authenticating the mobile device. The method may also include accessing a third-party network to verify an authentication status of the mobile device. The third-party network may include a plurality of IoT endpoints. Each IoT endpoint may include a stored verification usage process. The stored verification usage process may relate to a user associated with the mobile device. The method may also include executing the transaction upon receipt of an authentication signal from the third-party network.

System for harnessing a connected network to securely verify a transaction

Embodiments of the present invention provide a system for expediting validation and authorization of transactions between end points. Embodiments of the invention utilize a private blockchain to control transaction workflow amongst compute nodes, provide automatic authorization of transactions in the workflow, and provide efficient record-keeping functions within the virtual ledgers in an upstream and a downstream application. By using a private distributed ledger in this manner, the system addresses the computer networking-centric challenge of processing transactions in a secure and efficient manner; avoiding desynchronization of data as well as preventing the need for authorization and confirmation requests amongst the nodes greatly reduces the amount of computing resources required to process transactions, including, but not limited to, processing power, memory space, storage space, cache space, electric power, networking bandwidth, and I/O calls.

System for managing a virtual private ledger and distributing workflow of authenticated transactions within a blockchain distributed network

Embodiments of the present invention provide a system for increasing intra-application efficiency by way of distributed failover. Embodiments of the invention allow data centers within an application to perform error recovery of failed transactions by shifting the processing load to another data center in the network without data redundancy amongst the data centers within the application. Avoiding the duplication of data within the data centers greatly reduces the amount of computing resources required to perform recovery and maintain service uptime, including, but not limited to, processing power, memory space, storage space, cache space, electric power, networking bandwidth, and I/O calls.

System for increasing intra-application processing efficiency by transmitting failed processing work over a processing recovery network for resolution

Aspects of the disclosure relate to multicomputer processing of client device request data using a centralized event orchestrator and a dynamic endpoint engine. A computing platform may receive, from a client computing device, event definition information defining an event. Subsequently, the computing platform may receive, from a recipient computing device associated with the event, a request for a recipient-selection user interface, and may determine that a dynamic endpoint option is available for a user of the recipient computing device. Thereafter, the computing platform may send, to the recipient computing device, a delivery selection user interface that includes a user-selectable option that, when invoked, causes the computing platform to create a new endpoint. The computing platform may receive delivery selection information from the recipient computing device, and may generate and send one or more event orchestration commands directing an event processor to execute one or more actions associated with the event.

Multicomputer processing of client device request data using centralized event orchestrator and dynamic endpoint engine

Embodiments of the invention are directed to a system, method, or computer program product for utilizing a block chain distributed network for generation of blocks with searchable metadata code embedded therein for recreating a historic record of how a transaction is processed from a client origination to external clearing. The invention provides a process by which a distributed ledger technology is utilized to store complete payment structures and their events across application life-cycles to recreate a historic record of event processing. The record allows for complex tracking and tracing across complex event processing where data points are received, spliced, and processed across multiple applications in a high quantity high velocity environment.

Application life-cycle transition record recreation system

Embodiments of the present invention provide a system for authenticating records belonging to an individual or entity and providing authorized access of the records to service providers. Embodiments of the invention utilize a private blockchain to store various types of records to be conveyed to the service providers. In this way, the individual or entity may securely store on the blockchain all records relevant to service providers, then provide the service providers with secured access to the records such that the providers may access only the specific records for which they are authorized, e.g. a healthcare provider may access only the healthcare records on the blockchain.

Automated data authentication and service authorization via cryptographic keys in a private blockchain

Aspects of the disclosure relate to multicomputer processing of client device request data with centralized event orchestration. A computing platform may receive, from a client computing device, event definition information defining an event. Subsequently, the computing platform may receive, from a recipient computing device associated with the event, a request for a delivery selection user interface. The computing platform may send the delivery selection user interface to the recipient computing device and may receive, from the recipient computing device, delivery selection information identifying a destination for the event selected by a user of the recipient computing device. Subsequently, the computing platform may generate one or more event orchestration commands directing an external event processor to execute one or more actions associated with the event, and may send the one or more event orchestration commands to the external event processor via an external event processing interface.

Multicomputer processing of client device request data with centralized event orchestration

Embodiments of the present invention provide a system for increasing computing efficiency of communication between applications running on networked machines through embedded middleware. Embodiments of the invention allow disparate applications to communicate with one another by using middleware that is integrated into the applications themselves, thereby reducing the various types of computing resources required to establish and maintain the communications link, including, but not limited to, processing power, memory space, storage space, cache space, electric power, networking bandwidth, and I/O calls.

Growing community of inventors

Mount Holly, NC, United States of America

Brandon Matthew Castagna