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Managing blockchain-based trusted transaction services

A blockchain, credible technology, applied in credit schemes, data processing applications, secure communication devices, etc., can solve problems such as inability to use financial accounts, access to financing, lack of trust and security

Pending Publication Date: 2022-02-01
ALIPAY (HANGZHOU) INFORMATION TECH CO LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, these implementations require counterparties to open escrow accounts on escrow systems and cannot use their own financial accounts at their own financial institutions, which can lead to a lack of trust and security for them
The trading platform as a guarantee for the custody account also bears huge risks
[0004] Furthermore, although the seller has the trade order and the promised payment from the buyer, the seller cannot use the trade order to obtain financing from financial institutions because there is a lack of trusted technology for financial institutions to verify the authenticity of the trade order

Method used

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  • Managing blockchain-based trusted transaction services
  • Managing blockchain-based trusted transaction services
  • Managing blockchain-based trusted transaction services

Examples

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Embodiment Construction

[0100] This paper describes techniques for managing trusted transaction services based on a new blockchain architecture that enhances multiple aspects of data exchange between potentially unrelated entities. Trusted transaction services may include trade services, payment services, financial services, data exchange services, or any other transaction services. These technologies can realize a new trusted transaction (for example, trade and finance) service system by integrating multiple trusted nodes into the blockchain network to provide trusted transaction services to transaction entities (for example, trading parties), Especially for international orders or cross-border trade. These technologies can create a trusted transaction platform that allows transaction parties that may not be affiliated and who previously had no or weak trust, such as small and medium enterprises (SMEs), to communicate with each other in a reliable and efficient manner and conduct business. These t...

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Abstract

Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for managing blockchain-based trusted transaction services are disclosed herein. One of the methods includes storing order data of an order between a buyer and a seller on a blockchain of a blockchain network, the order data including one or more payment conditions and data of a trusted credit (TU) service of the order; verifying that the buyer has a TU service of the order secured by the buyer financial institution; generating an intelligent contract of the order on the block chain based on the order data; and in response to determining that the payment condition of the specified payment in the smart contract is satisfied, executing the smart contract to automatically instruct the buyer financial institution to pay the order for the buyer to the seller according to the TU service of the order.

Description

technical field [0001] This paper deals with managing trusted transaction services based on blockchain technology. Background technique [0002] A distributed ledger system (DLS), which may also be referred to as a consensus network and / or a blockchain network, enables participating entities to store data securely and immutably. Without referencing any specific use case, distributed ledger systems are often referred to as blockchain networks. Examples of types of blockchain networks may include public blockchain networks, private blockchain networks, and consortium blockchain networks. A federated blockchain network is provided for a selected group of entities that control the consensus process and includes an access control layer. [0003] Digital networks enable people all over the world to find information and communicate with each other conveniently and efficiently, which also promotes the vigorous development of transactions, for example, trade (trade) including inter...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/38G06Q20/40G06Q20/42G06Q40/04G06F21/64
CPCG06Q20/3821G06Q20/3829G06Q20/401G06Q20/405G06Q20/42G06Q40/04G06F21/64G06F21/6218G06Q20/389G06Q20/102G06Q20/02H04L9/50H04L9/321H04L9/3247G06Q10/0838G06Q20/24G06Q20/4016G06Q30/04
Inventor 马启胜金飞飞陶轩
Owner ALIPAY (HANGZHOU) INFORMATION TECH CO LTD
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