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:
Jan. 28, 2025
Filed:
Mar. 30, 2022
Bank of America Corporation, Charlotte, NC (US);
Saurabh Uprit, Chennai, IN;
Amar Rajendra Tayade, Mumbai, IN;
Bank of America Corporation, Charlotte, NC (US);
Abstract
Systems and methods for executing a transaction with reduced latency and increased security and efficiency on a blockchain-based digital platform are provided. Methods may include establishing a first blockchain node associated with a first entity, identifying cross listed assets of the first entity, calculating an execution suitability index for each asset, selecting a target asset for liquidation, and establishing a second blockchain node associated with a second entity. Methods may also include receiving an agreement from the second entity to acquire the target asset from the first entity, recording the agreement on the blockchain, receiving an authorization from a financial institution to advance funds on behalf of the second entity to the first entity, transferring the funds from the financial institution to the first entity, recording the transfer of the funds on the blockchain, executing the acquisition of the target asset, and recording the acquisition of the target asset on the blockchain.