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1. (US20190172059) REAL-TIME NET SETTLEMENT BY DISTRIBUTED LEDGER SYSTEM

Office : United States of America
Application Number: 15935941 Application Date: 26.03.2018
Publication Number: 20190172059 Publication Date: 06.06.2019
Publication Kind : A1
IPC:
G06Q 20/38
G06F 21/64
G06F 17/30
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
38
Payment protocols; Details thereof
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
F
ELECTRIC DIGITAL DATA PROCESSING
21
Security arrangements for protecting computers, components thereof, programs or data against unauthorised activity
60
Protecting data
64
Protecting data integrity, e.g. using checksums, certificates or signatures
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
F
ELECTRIC DIGITAL DATA PROCESSING
17
Digital computing or data processing equipment or methods, specially adapted for specific functions
30
Information retrieval; Database structures therefor
CPC:
G06F 21/645
G06Q 20/389
G06F 17/30345
G06F 17/30604
G06F 17/30283
Applicants: Bank of America Corporation
Inventors: Brandon Matthew Castagna
Bethe Anne Warner
Priority Data:
Title: (EN) REAL-TIME NET SETTLEMENT BY DISTRIBUTED LEDGER SYSTEM
Abstract: front page image
(EN)

Embodiments of the present invention provide a system operatively connected with a block chain distributed network and for using the block chain distributed network for providing aggregate tracking and threshold triggering. Embodiments receive, at a node of a blockchain distributed network, a transaction record associated with a transaction between a payor and a payee; accesses a distributed ledger; determines, from the distributed ledger, a net position between the entity and a third party; and, if the entity is the payor bank and the third party is the payee bank, debit the net position in the amount of the transaction; and, if the entity is the payee bank and the third party is the payor bank, credit the net position in the amount of the transaction, thereby resulting in an updated net position between the entity and the third party; and records the updated net position on the distributed ledger.