Patent · US Active

Method for secure ledger distribution and computer system using secure distributed ledger technology

US10713731B2 · kind B2 · utility

4Cited by
0References
18Claims
0Family size

Assignee

Inventors

Key dates

Filing dateJul 22, 2016
Grant dateJul 14, 2020
Priority date
Expiry dateJul 12, 2038

Classification

  • Technology area (CPC H)Electricity
  • CPC primaryH04L2209/56
  • WIPO fieldDigital communication
  • WIPO sectorElectrical engineering

Abstract

A method of providing secure ledger distribution for interbank settlement includes establishing a private sidechain among a centralized computer system of a central bank and computer systems of at least a sender bank and a receiver bank, each of which have an account with the central bank. The centralized computer system receives a transaction from the computer system of the sender bank as a payment request. The centralized computer system determines whether the transaction is valid. Consensus is reached within the private sidechain. The centralized computer system forwards the transaction to the computer system of the receiver bank along with a finality proof. The accounts of the sender bank and the receiver bank are updated and the transaction is added to a private ledger accessible only within the private sidechain.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.