United Services Automobile Association (Usaa)

Jonathan Huntington Rhea

Steven James Schroeder

Joseph Gregory Delong

Bharat Prasad

Minya Liang

Alexander B Nagelberg

Systems and methods for performing netting of business-to-business payments for settlement of running balances between parties are provided. To that end, blockchain infrastructures allow smart contracts that may be suitable for subrogation and netting operations, and the smart contracts that facilitate the operations. Application-programming interfaces (APIs) are provided that may be used to interact with the smart contracts.

Business-to-business netting

Implementations of the present disclosure include determining that a private transaction is to be recorded in a distributed ledger system (DLS) based on a consensus protocol executed by a set of entities participating in the DLS, the private transaction including a transaction between a subset of entities of the set of entities, providing a set of noisy transactions based on a transaction model, and transmitting data representative of at least a portion of the private transaction, and data representative of each noisy transaction in the set of noisy transactions for recording in the DLS based on the consensus protocol.

Privacy preservation in private consensus networks

Implementations of the present disclosure include receiving a record corresponding to a private transaction recorded in two or more private state databases of entities participating in the private transaction within a distributed ledger system (DLS), generating a data representation based on the record, transmitting the data representation for public consensus processing within the DLS, and recording within a public ledger of the DLS, and providing a public record for recording in the DLS, the public record being recorded in a public state database of each of entity participating in the DLS.

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North Richland Hills, TX, United States of America

Jonathan Huntington Rhea