Patent
System for external validation of secure process transactions
Joseph Benjamin Castinado,Richard H. Thomas,Manu Jacob Kurian,Eric Eugene Sifford +3 more
- 22 Feb 2016
47
TL;DR: In this article, a closed-loop system for transaction record sharing in a block chain distributed network is presented. But the authors do not consider the role of the source institution in the system.
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Abstract: A closed-loop system is operatively connected with a block chain distributed network for using the block chain distributed network for facilitating operation of a transaction record sharing system between member institutions comprising a host system and a source system. Host and source institutions function to share the transaction records from member institutions such that a host institution that is a member of the block chain may obtain the transaction records of all source institutions of the block chain. The transaction records are validated on the block chain such that the transaction records are secure represent a source of truth.
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Citations
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19
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