Systems and methods for validating asset destinations in blockchain networks
US12051066B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 15, 2022 |
| Grant date | Jul 30, 2024 |
| Priority date | — |
| Expiry date | Sep 14, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.