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2021 DEC 17 (NewsRx) — By a
Patent quantity 11188907 is assigned to
The next quote was obtained by the information editors from the background info equipped by the inventors: “More and more, commerce is performed electronically. The Automated Clearing Home (ACH) community helps the digital motion of cash and payment-related knowledge. In some examples, the ACH community supplies a secure, safe, digital community for direct shopper, enterprise, and authorities funds, yearly facilitating billions of ACH-based transactions (e.g., debit transactions, direct deposit transactions).
“Disputes concerning ACH transactions between entities (e.g., a financial institution disputing cost to a business enterprise on behalf of a buyer) is a guide and gradual course of. For instance, ACH disputes can embrace the receiving entity (e.g., a financial institution) sending a request to an originating entity (e.g., a business enterprise) for a replica of the unique authorization of the disputed transaction to show the transaction was correctly licensed by the shopper. Inefficiencies abound on this dispute decision course of as a consequence of, for instance, every entity holding their very own authorization knowledge in a non-public method, requiring guide communication between establishments.”
Along with the background info obtained for this patent, NewsRx journalists additionally obtained the inventors’ abstract info for this patent: “Implementations of the current disclosure are usually directed to validating Automated Clearing Home (ACH) authorizations utilizing blockchains. Extra significantly, implementations of the current disclosure are directed to retrieving safe ACH authorization knowledge from a blockchain, in which there’s a excessive stage of confidence that the blockchain has not been tampered with, to substantiate whether or not a transaction was licensed. In accordance with implementations of the current disclosure, an entity (e.g., a business enterprise) can externally publish ACH authorization knowledge in a safe method, enabling different entities (e.g., a financial institution) entry to ACH authorization knowledge related to their accounts at any time, in a self-service method. That’s, implementations of the current disclosure allow an entity requiring ACH authorization knowledge to entry the ACH authorization knowledge at any time in a self-service kind transaction (e.g., with out requesting the ACH authorization knowledge from the business enterprise).
“Normally, progressive features of the subject material described on this specification may be embodied in strategies that embrace actions of: acquiring, by no less than one processor, a distributed blockchain encoding automated clearing home (ACH) authorization knowledge related to a number of prior transactions to offer an area copy of the distributed blockchain; receiving, by the no less than one processor, ACH authorization knowledge related to a primary transaction, the ACH authorization knowledge related to the primary transaction having been broadcast to a number of nodes from a primary computing machine; validating, by the no less than one processor, the ACH authorization knowledge related to the primary transaction to acquire validation info akin to the primary ACH authorization knowledge related to the primary transaction; updating the native copy of the distributed blockchain with the validation info; and broadcasting the validation info to the a number of nodes Different implementations of this facet embrace corresponding programs, equipment, and laptop applications, configured to carry out the actions of the strategies, encoded on laptop storage units.
“These and different implementations can every optionally embrace a number of of the next options. For instance, in some implementations, acquiring the distributed blockchain consists of acquiring, from no less than one node, a replica of the distributed blockchain.
“In some implementations, acquiring the distributed blockchain consists of encoding, by the processor, no less than a portion of the authorization knowledge related to no less than one prior transactions into the distributed blockchain.
“In some implementations, the ACH authorization knowledge related to the primary transaction consists of no less than one of many account holder title, the routing/transit variety of the account, a time stamp of when the transaction occurred, a time stamp of when the account was generated, and a time stamp of when the authorization was captured.”
The claims equipped by the inventors are:
“1. A pc-implemented technique executed by no less than one processor, the strategy comprising: receiving, by the no less than one processor, transaction dispute knowledge referring to a primary automated clearing home (ACH) transaction, whereby the transaction dispute knowledge signifies that an entity disputes authorization of the primary ACH transaction; requesting from a node of a plurality of nodes of a distributed blockchain, by the no less than one processor, a plurality of blocks of the distributed blockchain comprising a plurality of automated clearing home (ACH) authorization knowledge related to a number of prior transactions to acquire an area copy of the distributed blockchain to provoke a dispute decision course of based mostly on the transaction dispute knowledge, whereby the request is predicated on the primary ACH transaction and whereby the a number of prior transactions comprise the primary ACH transaction; retrieving, by the no less than one processor, first ACH authorization knowledge related to the primary ACH transaction from the plurality of blocks of the distributed blockchain, whereby the primary ACH authorization knowledge was broadcast to the plurality of nodes of the distributed blockchain from a primary computing machine, whereby the primary ACH authorization knowledge related to the primary ACH transaction is encrypted based mostly on a public-private key pair comprising a non-public key related to the primary computing machine and a public key related to a second computing machine, and whereby the primary ACH authorization knowledge related to the primary ACH transaction features a digital signature and index/hint info related to the primary ACH transaction; validating, by the no less than one processor, the primary ACH authorization knowledge to generate validation info by producing a digest worth akin to the primary ACH authorization knowledge, producing a problem worth utilizing the digest worth akin to the primary ACH authorization knowledge, making use of a proof of labor protocol to the digest worth to acquire a proof of labor worth utilizing the problem worth, and mixing the problem worth with the proof of labor worth to offer a predefined requirement of the proof of labor protocol, whereby the proof of labor worth satisfies the predefined requirement of the proof of labor protocol, whereby producing the digest worth includes making use of a hash operate to the primary ACH authorization knowledge and a number of blocks of the native blockchain; verifying, by the no less than one processor, the primary ACH transaction based mostly on the validation info from the primary ACH authorization knowledge to offer an authentication of the primary ACH transaction; after the validation of the primary ACH transaction, updating the native copy of the distributed blockchain with the validation info; and after the validation of the primary ACH transaction, broadcasting the validation info to the plurality of nodes.
“2. The tactic of declare 1, whereby requesting the plurality of blocks of the distributed blockchain includes acquiring a replica of the distributed blockchain.
“3. The tactic of declare 1, whereby requesting the plurality of blocks of the distributed blockchain includes requesting a number of prior transactions broadcast to the distributed blockchain by the primary computing machine.
“4. The tactic of declare 1, whereby the index/hint info included within the first ACH authorization knowledge includes a number of of an account holder title, a routing/transit variety of an account, a time stamp of when the primary ACH transaction occurred, a time stamp of when the account was generated, and a time stamp of when the authorization knowledge was generated.
“5. The tactic of declare 1, whereby the recited technique steps are carried out utilizing multitasking or parallel processing.
“6. A system comprising: a computer-readable knowledge storage machine; and no less than one processor configured to work together with the computer-readable knowledge storage machine, the no less than one processor being additional configured to execute computer-readable directions to carry out operations comprising: receiving, by the no less than one processor, a transaction dispute referring to a primary transaction, whereby the transaction dispute signifies that an entity disputes authorization of the primary transaction; acquiring from a node of a plurality of nodes of a distributed blockchain system, by the no less than one processor, an area copy of a distributed blockchain that includes automated clearing home (ACH) authorization knowledge related to a number of prior transactions; retrieving, by the no less than one processor, a primary ACH authorization of the ACH authorization knowledge related to the primary transaction from the native copy of the distributed blockchain to provoke a dispute decision course of based mostly on the transaction dispute, whereby the primary ACH authorization is related to the primary transaction and the primary ACH authorization was broadcast to the plurality of nodes of the distributed blockchain from a primary computing machine, whereby the primary ACH authorization of the ACH authorization knowledge related to the primary transaction is encrypted based mostly on a public-private key pair comprising a non-public key related to the primary computing machine and a public key related to a second computing machine, and whereby the ACH authorization knowledge related to the primary transaction features a digital signature and index/hint info related to the primary transaction; validating, by the no less than one processor, the primary ACH authorization to generate validation info by producing a digest worth akin to the ACH authorization knowledge, producing a problem worth utilizing the digest worth akin to the ACH authorization knowledge, making use of a proof of labor protocol to the digest worth to acquire a proof of labor worth utilizing the problem worth, and mixing the problem worth with the proof of labor worth to offer a predefined requirement of the proof of labor protocol, whereby the proof of labor worth satisfies the predefined requirement of the proof of labor protocol, whereby producing the digest worth includes making use of a hash operate to the ACH authorization knowledge and a number of blocks of the native blockchain; verifying, by the no less than one processor, the primary transaction based mostly on the validation info from the primary ACH authorization to offer an authentication of the primary transaction; after the verification of the primary transaction, updating the native copy of the distributed blockchain with the validation info; and after the verification of the primary transaction, broadcasting the validation info to the plurality of nodes.
“7. The system of declare 6, whereby acquiring the native copy of the distributed blockchain includes acquiring new blocks of the distributed blockchain from a number of nodes within the plurality of nodes.
“8. The system of declare 6, whereby acquiring the native copy of the distributed blockchain includes requesting, by the processor, a number of prior transactions broadcast to the distributed blockchain by the primary computing machine.
“9. The system of declare 6, whereby the index/hint info included within the ACH authorization knowledge related to the primary transaction includes a number of of an account holder title, a routing/transit variety of an account, a time stamp of when the primary transaction occurred, a time stamp of when the account was generated, and a time stamp of when the primary ACH authorization was issued.
“10. The system of declare 6, whereby the operations are carried out utilizing multitasking or parallel processing.”
There are further claims. Please go to full patent to learn additional.
URL and extra info on this patent, see: Bolt,
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