Method And System For Use Of A Blockchain In A Transaction Processing Network

  • Published: May 11, 2017
  • Earliest Priority: Nov 05 2015
  • Family: 10
  • Cited Works: 3
  • Cited by: 3
  • Cites: 10
  • Additional Info: Full text

A method for validating electronic transactions using a private blockchain includes: storing a blockchain, wherein the blockchain is a distributed database that includes a plurality of data records, each being associated with a processed transaction; receiving a transaction message, the transaction message including a message type indicator and a plurality of data elements, each configured to store a transaction data value; generating a data record, the data record including the message type indicator and one or more transaction data values; updating the blockchain to include the generated data record; electronically transmitting the received transaction message to a payment network for processing; and electronically transmitting the updated blockchain to a plurality of transaction processing devices for validation.

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Document History
  • Publication: May 11, 2017
  • Application: Nov 2, 2016
    WO US 2016/0060012 W
  • Priority: Nov 5, 2015
    US US 201514933506 A

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