WO 2017/081534 A1 - Block Chain Alias For Person-to-person Payments - The Lens

Block Chain Alias For Person-to-person Payments

Published: May 18, 2017
Earliest Priority: Nov 11 2015
Family: 6
Cited Works: 2
Cited by: 1
Cites: 2
Additional Info: Full text

Abstract

Embodiments provide a system operatively connected with a block chain distributed network and for using the block chain distributed network for mapping aliases. Embodiments create an alias-token pair linking an alias associated with a customer to a token associated with an account owned by the customer; and map the alias-token pair to an address associated with the customer on a directory services (DS) block chain. In some cases, the system manages alias- token lifecycle including enabling editing and deleting the alias-token pair mapped to the address. In some cases, the system registers the address of the customer with the DS block chain. Such registering may include receiving a selection from the customer regarding desired node for registering the customer address; connecting with the DS block chain; and creating an account associated with the customer including creating a unique address associated with the customer and registering it with the DS block chain.

Claims

A system operatively connected with a block chain distributed network and for using the block chain distributed network for mapping aliases, the system comprising:
a memory device; and
a processing device operatively coupled to the memory device, wherein the processing device is configured to execute computer-readable program code to:
create an alias-token pair linking an alias associated with a customer to a token associated with an account owned by the customer; and
map the alias-token pair to an address associated with the customer on a directory services (DS) block chain.
The system of claim 1, wherein the processing device is configured to execute computer- readable program code further to:
manage alias-token lifecycle including enabling editing and deleting the alias- token pair mapped to the address.
The system of claim 1, wherein the processing device is configured to execute computer- readable program code further to:
register the address of the customer with the DS block chain.
The system of claim 3, wherein registering comprises:
receiving a selection from the customer regarding desired node for registering the customer address;
connecting with the DS block chain; and
creating an account associated with the customer including creating a unique address associated with the customer and registering it with the DS block chain.
The system of claim 4, wherein registering further comprises:
creating a private key associated with the customer; and
securely communicating the private key to the customer for future access to the customer account.
The system of claim 1, wherein mapping comprises:
receiving customer preference regarding account and alias;
validating the alias to confirm it is associated with the customer; querying the DS block chain to determine that the alias exists in the blockchain; in response, determining that the alias is associated with the address of the customer; and
in response, initiating a change in the account of the customer, the change including adding the alias-token pair to the account of the customer.
The system of claim 6, wherein mapping further comprises:
adding additional information regarding the token to the account of the customer.
The system of claim 7, wherein the additional information comprising the customer's name, the financial institution's name, the payment rail information, and payment rail fee information.
A method performed by a system operatively connected with a block chain distributed network and for using the block chain distributed network for mapping aliases, the method comprising:
creating an alias-token pair linking an alias associated with a customer to a token associated with an account owned by the customer; and
mapping the alias-token pair to an address associated with the customer on a directory services (DS) block chain.
The method of claim 9, further comprising:
managing alias-token lifecycle including enabling editing and deleting the alias-token pair mapped to the address.
The method of claim 9, further comprising:
registering the address of the customer with the DS block chain.
The method of claim 11, wherein registering comprises:
receiving a selection from the customer regarding desired node for registering the customer address;
connecting with the DS block chain; and
creating an account associated with the customer including creating a unique address associated with the customer and registering it with the DS block chain.
The method of claim 12, wherein registering further comprises:
creating a private key associated with the customer; and
securely communicating the private key to the customer for future access to the customer account.
The method of claim 9, wherein mapping comprises:
receiving customer preference regarding account and alias;
validating the alias to confirm it is associated with the customer; querying the DS block chain to determine that the alias exists in the blockchain; in response, determining that the alias is associated with the address of the customer; and
in response, initiating a change in the account of the customer, the change including adding the alias-token pair to the account of the customer.
The method of claim 14, wherein mapping further comprises:
adding additional information regarding the token to the account of the customer.
The method of claim 15, wherein the additional information comprising the customer's name, the financial institution's name, the payment rail information, and payment rail fee information.
A computer program product for execution on a system operatively connected with a block chain distributed network, the computer program product for using the block chain distributed network for mapping aliases, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:
an executable portion configured to create an alias-token pair linking an alias associated with a customer to a token associated with an account owned by the customer; and
an executable portion configured to map the alias-token pair to an address associated with the customer on a directory services (DS) block chain.
The computer program product of claim 17, wherein the computer-readable program code portions further comprise:
an executable portion configured to manage alias-token lifecycle including enabling editing and deleting the alias-token pair mapped to the address.
The computer program product of claim 17, wherein the computer-readable program code portions further comprise:
an executable portion configured to register the address of the customer with the DS block chain.
The computer program product of claim 19, wherein registering comprises:
receiving a selection from the customer regarding desired node for registering the customer address;
connecting with the DS block chain; and
creating an account associated with the customer including creating a unique address associated with the customer and registering it with the DS block chain.