The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 12, 2021
Filed:
Oct. 12, 2016
Bank of America Corporation, Charlotte, NC (US);
Brandon Matthew Castagna, Mount Holly, NC (US);
Kevin Ben Hicks, Huntersville, NC (US);
BANK OF AMERICA CORPORATION, Charlotte, NC (US);
Abstract
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.