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US Patent 11625698 Intelligent distributed ledger consent optimizing apparatus for asset transfer

Patent 11625698 was granted and assigned to Bank of America on April, 2023 by the United States Patent and Trademark Office.

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Is a
Patent
Patent
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Patent attributes

Patent Applicant
Bank of America
Bank of America
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Current Assignee
Bank of America
Bank of America
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
116256980
Patent Inventor Names
Ankit Upadhyaya0
Prashant Khare0
Subrojyoti Dey0
Prashant Bidkar0
Kanika Manocha0
Date of Patent
April 11, 2023
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Patent Application Number
173356600
Date Filed
June 1, 2021
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Patent Citations
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US Patent 10885207 Method, apparatus, and electronic device for blockchain-based recordkeeping
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US Patent 10861016 Event processing method, apparatus and electronic device based on blockchain technology
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US Patent 10862899 Method, apparatus, system, and electronic device for cross-blockchain interaction
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US Patent 10880073 Optimizing performance of a blockchain
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US Patent 10896149 Composition operators for smart contract
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US Patent 10896195 Automatic generation of smart contracts
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US Patent 10901955 Smart contract input mapping
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US Patent 10922309 Distributed ledger interaction system and methods
...
Patent Primary Examiner
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Rajesh Khattar
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CPC Code
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G06Q 40/02
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G06Q 40/06
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G06N 20/00
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G06Q 20/102
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G06Q 20/38
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G06Q 20/389
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G06Q 20/10
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G06Q 2220/00
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Aspects of the disclosure relate to processing asset transfers. A computing platform may receive an asset transfer request and extract information from it. The computing platform may modify a distributed ledger to include a new block corresponding to the asset transfer request. The computing platform may identify a consensus method by identifying, for each of a plurality of consensus methods, a subset of blocks from the distributed ledger that, when used to execute the corresponding consensus method, result in a lowest energy consumption value in comparison to remaining subsets of blocks. The computing platform may execute each consensus method using the corresponding identified subset of blocks, which may result in establishing consensus to process the asset transfer request. Based on establishing the consensus, the computing platform may direct an event processing platform to process the asset transfer request, which may cause the event processing platform to process the request accordingly.

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