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:
Jul. 30, 2024
Filed:
Mar. 15, 2022
Capital One Services, Llc, McLean, VA (US);
Kevin Osborn, Newton Highlands, MA (US);
Xiaoguang Zhu, New York, NY (US);
Samuel Rapowitz, Roswell, GA (US);
CAPITAL ONE SERVICES, LLC, McLean, VA (US);
Abstract
The disclosed technology relates to blockchain asset transfer destination verification to reduce fraudulent activity and increase confidence in digital asset transfers. An exemplary oracle device may apply a machine learning model to transaction context data received from a source device to generate a confidence score informed based on transaction pattern data for the destination address. The transaction context data may include a destination address and may be associated with a transfer of an asset via a blockchain network. The generated confidence score may then be sent by the oracle device to the source device to facilitate an informed decision by a user of the source device as to whether to proceed with the transaction. The machine learning model may then be updated based on the transaction context data and a completion indication received from the source device and indicative of whether the asset was transferred via the destination address.