Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

Payment method based on blockchain technology

A technology of blockchain and payment on behalf of others, applied in the field of payment on behalf of the blockchain technology, which can solve the problems of inability to guarantee the authenticity of transaction information, platform running away, and fund retention.

Active Publication Date: 2017-12-15
苏州缓流科技有限公司
View PDF13 Cites 10 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

It may happen that the funds stay in the platform account. When the account funds reach a certain scale, once the platform runs away or misappropriates funds, a series of extremely serious problems will arise.
At the same time, the authenticity of the transaction information provided by the platform cannot be guaranteed, and there may be acts of forging or altering transactions to extract funds from merchants and users

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Payment method based on blockchain technology
  • Payment method based on blockchain technology
  • Payment method based on blockchain technology

Examples

Experimental program
Comparison scheme
Effect test

Embodiment 1

[0035] The specific transaction process of payment on behalf of blockchain technology is as follows:

[0036] The user enters the payment information and initiates a payment request: the user enters his own information and generates a payment request;

[0037] The merchant system submits the payment request: the merchant order system submits the payment request to any node on the blockchain;

[0038] The blockchain broadcasts the payment request and forms a block: the node receives the merchant's request, verifies the merchant's request, and sends it to other nodes in the blockchain after the verification is successful, and deposits the payment request into the node's transaction pool at the same time; If the verification fails, the generation payment request is directly discarded. After other nodes receive the broadcasted payment request, they verify it separately. If the verification is successful and it is the first time to receive the payment request, they broadcast the p...

Embodiment 2

[0047] The payment method based on block chain technology includes the following steps:

[0048] S1. The user enters payment information and initiates a payment request: the user inputs his own information to generate a payment request;

[0049] S2. The merchant system submits the payment request: the merchant order system submits the payment request to any node on the blockchain, and at this time, the node constitutes the receiving node;

[0050] S3. Block chain processing step: after the block chain verifies the proxy payment request, the verified proxy payment request is formed into a block through a consensus algorithm, thus, the proxy payment request is recorded on the block chain;

[0051] S4. Steps of monitoring and paying on behalf: the Prophet system monitors the payment on behalf of the matching node on the block chain, and sends the payment on behalf of the request to the payment channel; the payment channel processes the payment on behalf of the request, and sends th...

Embodiment 3

[0071] The payment method based on blockchain technology only includes the following steps:

[0072] S1. The user enters payment information and initiates a payment request: the user inputs his own information to generate a payment request;

[0073] S2. The merchant system submits the payment request: the merchant order system submits the payment request to any node on the blockchain payment system, and at this time, the node constitutes the receiving node;

[0074] S3. Block chain processing step: after the block chain verifies the proxy payment request, the verified proxy payment request is formed into a block through a consensus algorithm, thus, the proxy payment request is recorded on the block chain;

[0075] S4. Steps of monitoring and paying on behalf: the Prophet system monitors the payment on behalf of the matching node on the block chain, and sends the payment on behalf of the request to the payment channel; the payment channel processes the payment on behalf of the ...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

The present invention provides a payment method based on blockchain technology, comprising the following steps: a user inputs his own information to generate a transaction request; and a merchant order system submits the transaction request to any node on the blockchain payment system. In this case, the node constitutes a receiving node; after the blockchain verifies the payment request, the verified payment request becomes blocks through a consensus algorithm, whereby the payment request is recorded onto the blockchain; and a prophetic system monitors the payment request on the blockchain of the matched node and transmits the payment request to a payment channel and the payment channel processes the payment request and returns the payment result to the prophetic system; and the prophet system returns the payment result to the blockchain through the matched blockchain node. After the payment result becomes blocks by the consensus algorithm, it is recorded on the block chain and notified to the merchant's transaction system, makingthe payment process completed. The present invention is conducive to the implementation of accurate, timely and more dimension of regulation, can solve the clearance between online e-commerce service platform and offline payment service providers.

Description

technical field [0001] The present invention relates to the technical field of payment transactions, and in particular to a payment method based on block chain technology. Background technique [0002] At present, with the large-scale growth of Internet and mobile phone users, Internet payment and mobile payment are developing rapidly. At the same time, the regulatory authorities found that many platforms used the "big merchant" and "second-clearance" models in the actual business process. The "big merchant" model refers to the situation where multiple merchants use the same merchant code, which violates the principle of authenticity of the merchants; Individuals, and then the company or individual settles to the merchant, which violates the principle of directness of settlement. It may happen that the funds stay in the platform account. When the account funds reach a certain scale, once the platform runs away or misappropriates funds, a series of extremely serious problem...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
IPC IPC(8): G06Q20/22G06Q20/38G06Q20/40
CPCG06Q20/22G06Q20/389G06Q20/401
Inventor 杨阳
Owner 苏州缓流科技有限公司
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com