Blockchain Zero Checksum Trading System

  • Published: Mar 15, 2017
  • Earliest Priority: Jan 29 2017
  • Family: 2
  • Cited Works: 0
  • Cited by: 0
  • Cites: 0
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Abstract

A secure network architecture provides a digital securities trading with blockchain credit guarantees. A collateral asset trust, such as government bonds, secures blockchain ledger bonds used in a private credit-guarantee system. A new crosscheck two-ledger method for verification of users and transactions is implemented to record true blockchain transactions. Every is validated by means of a second blockchain ledger that is verified by secure crosscheck hashing algorithms. This system incorporates biometric user credentials and integrates a background-check SOAP to verify credit records. An improvement over prior-art block chain ledgers is a zero-checksum algorithm, using two encrypted ledgers in order to incorporate vetted user information and transactions in the blockchain, which is proposed as another improvement over prior art by solving problems limiting regulatory approval. The two ledgers undergo a fast Fourier transform (FFT) to form time domain pulses. The checksums are compared, and if the differences between the checksums is non-zero, an error is determined.


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Document History
  • Publication: Mar 15, 2017
  • Application: Jan 29, 2017
    GB GB 201701423 A
  • Priority: Jan 29, 2017
    GB GB 201701423 A

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