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US Patent 11790336 Intelligent distributed ledger consent optimizing apparatus for asset transfer

Patent 11790336 was granted and assigned to Bank of America on October, 2023 by the United States Patent and Trademark Office.

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Contents

Is a
Patent
Patent

Patent attributes

Patent Applicant
Bank of America
Bank of America
Current Assignee
Bank of America
Bank of America
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11790336
Patent Inventor Names
Kanika Manocha
Subrojyoti Dey
Prashant Anna Bidkar
Prashant Khare
Ankit Upadhyaya
Date of Patent
October 17, 2023
Patent Application Number
18110408
Date Filed
February 16, 2023
Patent Citations
‌
US Patent 10887081 Audit trail configuration in a blockchain
‌
US Patent 10896149 Composition operators for smart contract
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US Patent 10896195 Automatic generation of smart contracts
‌
US Patent 10901955 Smart contract input mapping
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US Patent 10922309 Distributed ledger interaction system and methods
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US Patent 10936580 System and method for digital asset management
‌
US Patent 10943003 Consented authentication
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US Patent 10944565 Consented authentication
...
Patent Primary Examiner
‌
Eric T Wong
CPC Code
‌
G06Q 2220/00
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G06Q 20/389
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G06Q 20/102
‌
G06Q 20/10
Patent abstract

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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