Systems, methods, and apparatuses for tracking and logging resource transfers via a distributed network

US12354093B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Brady Prentice Merkel · Jacksonville Beach, US
• Terrence Williamson · Elgin, US
• Mardochee Macxis · Concord, US
• Anup Philip · Charlotte, US
• Richard Huw Thomas · Charlotte, US

Key dates

• Filing date: Sep 12, 2022
• Grant date: Jul 8, 2025
• Expiry date: Dec 3, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/10
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, computer program products, and methods are described herein for tracking and logging resource transfers in a distributed network. The present invention is configured to generate a distributed ledger associated with a resource identifier; receive a resource transfer associated with the resource identifier, the resource transfer comprising a resource transfer between a sender account and a recipient account; update the distributed ledger based on the resource transfer; and generate a resource token based on the distributed ledger.