System For Conversion Of An Instrument From A Non-secured Instrument To A Secured Instrument In A Process Data Network

  • Published: Jul 27, 2017
  • Earliest Priority: Jan 26 2016
  • Family: 2
  • Cited Works: 0
  • Cited by: 1
  • Cites: 28
  • Additional Info: Full text

Embodiments of the invention are directed to a system, method, or computer program product for generating and using a block chain distributed network for facilitating the conversion of an instrument into a verified secured instrument. The block chain database comprises a distributed ledger that is updated with resource availability based on database node communication. The resource availability is compared to a distribution amount associated with an instrument presented to a receiver for resource distribution. Prior to resource distribution the block chain distributed network confirms the resource availability and marks the resources as unavailable. As such, the invention converts instrument into a verified secure instrument based on an identification of sufficient resources available in association with the instrument.

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Document History
  • Publication: Jul 27, 2017
  • Application: Feb 22, 2016
    US US 201615050094 A
  • Priority: Feb 22, 2016
    US US 201615050094 A
  • Priority: Jan 26, 2016
    US US 201662287293 P

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