Real-time processing distributed ledger system

US11475438B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Joseph Benjamin Castinado · Northglenn, US
• Charles Russell Kendall · Snoqualmie, US
• Martha Sain McClellan · Lancaster, US
• Lee Ann Proud · St. Augustine, US
• Ayeesha Sachedina · New York, US
• Calvin William Tackett, Jr. · Rowlett, US

Key dates

• Filing date: Sep 9, 2019
• Grant date: Oct 18, 2022
• Expiry date: May 3, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system, computer program product, and method for executing real-time processing of resource transfers using distributed ledger technology is provided. In particular, the system utilizes a private or semi-private blockchain to create a distributed ledger which comprises a record of all resource transfers between a number of entities. The real-time processing system addresses a number of computer technology-centric challenges associated with executing resource transfers. In particular, executing resource transfers on a real-time basis allows the nodes of the blockchain to more evenly distribute computing workload over time when compared to more traditional resource transfer systems that use batch processing to execute transfers.