Intelligent distributed ledger consent optimizing apparatus for asset transfer

US11625698B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Subrojyoti Dey · Delhi, IN
• Prashant Khare · Ashti, IN
• Kanika Manocha · Rangpuri, IN
• Ankit Upadhyaya · Sindhar, IN
• Prashant Anna Bidkar · Delhi, IN

Key dates

• Filing date: Jun 1, 2021
• Grant date: Apr 11, 2023
• Expiry date: Jun 1, 2041

Classification

• Technology area (CPC Y): Emerging Cross-Sectional Technologies
• CPC primary: Y02D10/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Aspects of the disclosure relate to processing asset transfers. A computing platform may receive an asset transfer request and extract information from it. The computing platform may modify a distributed ledger to include a new block corresponding to the asset transfer request. The computing platform may identify a consensus method by identifying, for each of a plurality of consensus methods, a subset of blocks from the distributed ledger that, when used to execute the corresponding consensus method, result in a lowest energy consumption value in comparison to remaining subsets of blocks. The computing platform may execute each consensus method using the corresponding identified subset of blocks, which may result in establishing consensus to process the asset transfer request. Based on establishing the consensus, the computing platform may direct an event processing platform to process the asset transfer request, which may cause the event processing platform to process the request accordingly.