Blockchain architecture with record security

A blockchain and transaction record technology, applied in secure communication devices, payment architecture, encryption devices with shift registers/memory, etc., can solve data corruption, slow and heavy retrieval of data, etc.

Active Publication Date: 2020-04-17
VISA INT SERVICE ASSOC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0002] However, such credit bureaus and other entities may constitute only a single source of information
As a result, retrieving data from such entities can be slow and heavy
In addition, data held by such entities may be corrupted or erroneous due to human error or computer failure

Method used

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  • Blockchain architecture with record security
  • Blockchain architecture with record security
  • Blockchain architecture with record security

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Embodiment Construction

[0017] In the following description, various embodiments will be described. For purposes of explanation, specific configurations and details are set forth in order to provide a thorough understanding of the embodiments. It will also be apparent, however, to one skilled in the art that embodiments may be practiced without these specific details. Furthermore, well-known features may be omitted or simplified in order not to obscure the described embodiments.

[0018] Before discussing the details of some embodiments of the invention, a description of some terms may assist in understanding the various embodiments.

[0019] An "application server" may be any computing device configured to provide remote support for client devices. An application server may be associated with a set of computer-executable instructions to be installed on and executed from a client device (eg, a mobile application). An application server may provide any suitable services and / or processes to client d...

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PUM

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Abstract

Described herein is a system in which an electronic record is stored within a distributed environment. In this system, a validation node may receive a transaction record from an acceptance node. The validation node may verify that the acceptance node is authorized 5 to participate in a blockchain network, identify a user associated with the transaction record, and append the transaction record toan electronic record. The transaction record may be associated with a digital signature formed by hashing multiple data elements, and then encrypting the hashed data elements using a private encryption key.

Description

Background technique [0001] Before a resource provider completes a transaction with a user, the resource provider is generally expected to determine the risk level of the transaction. For example, a banking institution may wish to assess the risks associated with extending a line of credit to a particular individual or business. In conventional systems, resource providers may consult credit bureaus or other entities to determine each user's risk level. [0002] However, such credit bureaus and other entities may constitute only a single source of information. As a result, retrieving data from such entities can be slow and cumbersome. In addition, data held by such entities may be corrupted or erroneous due to human error or computer failure. Accordingly, there is a need for improved systems and methods that address these issues. [0003] Embodiments of the present invention address these and other problems individually or collectively. Contents of the invention [0004]...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): H04L9/06
CPCH04L9/3239H04L9/3247H04L2209/56H04L9/50G06Q20/3825G06Q20/4016G06Q2220/00H04L9/0637H04L9/0897H04L9/302
Inventor A·西拉C·莱
Owner VISA INT SERVICE ASSOC
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