System for establishing secure access for users in a process data network
First Claim
1. A system operatively connected with a block chain distributed network and for using the block chain distributed network for establishing secure access for users in a process data network, the system comprising:
- a memory device storing logic and rules for the block chain; and
a processing device operatively coupled to the memory device, wherein the processing device is configured to execute computer-readable program code to;
receive an indication that an entity has executed a transaction with a third source institution via a first transaction channel;
record information associated with the transaction executed by the entity with the third source institution in a distributed ledger of the block chain distributed network, wherein the distributed ledger further comprises past transactions executed by the entity with one or more financial institutions, wherein the past transactions comprise at least information associated with transactions executed by the entity with a first source institution and a second source institution via one or more predetermined transaction channels including at least a specific banking center, a specific ATM (Automatic Transaction Machine), or a specific online/mobile banking channel;
analyze the distributed ledger to determine a pattern associated with the past transactions executed by the entity stored in the distributed ledger;
compare the information associated with the transaction executed by the entity with the third source institution with the pattern associated with the past transactions stored in the distributed ledger to determine a match, wherein comparing further comprises at least determining that the first transaction channel matches at least one of the one or more predetermined transaction channels;
authorize the execution of the transaction executed by the entity with the third source institution to be completed based on at least determining a match between the information associated with the transaction executed by the entity with the third source institution and the pattern associated with the past transactions stored in the distributed ledger, wherein authorizing further comprises;
identifying a smart contract between the third source institution, the first source institution, and the second source institution, wherein the smart contract comprises logic and rules associated with the smart contract, wherein the smart contract is configured to be self-executing;
comparing the information associated with the transaction executed by the entity with the third source institution to the logic and rules of the smart contract;
determining that the information associated with the transaction executed by the entity with the third source institution meets the logic and rules of the smart contract; and
validating the information associated with the transaction executed by the entity with the third source institution in response to determining that the information associated with the transaction executed by the entity with the third source institution meets the logic and rules of the smart contract;
determine, based on at least the one or more past transactions executed by the entity via the one or more predetermined transaction channels, that the entity is associated with misappropriate activity;
aggregate information associated with past transactions executed by the entity via the one or more predetermined transaction channels with the one or more financial institutions; and
record the aggregated information associated with the past transactions in the distributed ledger.
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0 Petitions
Accused Products
Abstract
Systems, computer program products, and methods are described herein for a system for establishing secure access for users in a process data network. The present invention is configured to create a block chain of resource information based on at least aggregated information associated with past transfer of resources executed by an entity; analyze the block chain of resource information to determine a pattern associated with the past transfer of resources executed by the entity; receive an indication that the entity has executed a transfer of resources; receive information associated with the transfer of resources; compare the information associated with the transfer of resources with the pattern associated with the past transfer of resources executed by the entity to determine a match; and allow the execution of the transfer of resources.
118 Citations
18 Claims
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1. A system operatively connected with a block chain distributed network and for using the block chain distributed network for establishing secure access for users in a process data network, the system comprising:
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a memory device storing logic and rules for the block chain; and a processing device operatively coupled to the memory device, wherein the processing device is configured to execute computer-readable program code to; receive an indication that an entity has executed a transaction with a third source institution via a first transaction channel; record information associated with the transaction executed by the entity with the third source institution in a distributed ledger of the block chain distributed network, wherein the distributed ledger further comprises past transactions executed by the entity with one or more financial institutions, wherein the past transactions comprise at least information associated with transactions executed by the entity with a first source institution and a second source institution via one or more predetermined transaction channels including at least a specific banking center, a specific ATM (Automatic Transaction Machine), or a specific online/mobile banking channel; analyze the distributed ledger to determine a pattern associated with the past transactions executed by the entity stored in the distributed ledger; compare the information associated with the transaction executed by the entity with the third source institution with the pattern associated with the past transactions stored in the distributed ledger to determine a match, wherein comparing further comprises at least determining that the first transaction channel matches at least one of the one or more predetermined transaction channels; authorize the execution of the transaction executed by the entity with the third source institution to be completed based on at least determining a match between the information associated with the transaction executed by the entity with the third source institution and the pattern associated with the past transactions stored in the distributed ledger, wherein authorizing further comprises; identifying a smart contract between the third source institution, the first source institution, and the second source institution, wherein the smart contract comprises logic and rules associated with the smart contract, wherein the smart contract is configured to be self-executing; comparing the information associated with the transaction executed by the entity with the third source institution to the logic and rules of the smart contract; determining that the information associated with the transaction executed by the entity with the third source institution meets the logic and rules of the smart contract; and validating the information associated with the transaction executed by the entity with the third source institution in response to determining that the information associated with the transaction executed by the entity with the third source institution meets the logic and rules of the smart contract; determine, based on at least the one or more past transactions executed by the entity via the one or more predetermined transaction channels, that the entity is associated with misappropriate activity; aggregate information associated with past transactions executed by the entity via the one or more predetermined transaction channels with the one or more financial institutions; and record the aggregated information associated with the past transactions in the distributed ledger. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computerized method for using the block chain distributed network for establishing secure access for users in a process data network, the method comprising:
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receiving an indication that an entity has executed a transaction with a third source institution via a first transaction channel; record information associated with the transaction executed by the entity with the third source institution in a distributed ledger of the block chain distributed network, wherein the distributed ledger further comprises past transactions executed by the entity with one or more financial institutions, wherein the past transactions comprise at least information associated with transactions executed by the entity with a first source institution and a second source institution via one or more predetermined transaction channels including at least a specific banking center, a specific ATM (Automatic Transaction Machine), or a specific online/mobile banking channel; analyzing the distributed ledger to determine a pattern associated with the past transactions executed by the entity stored in the distributed ledger; comparing the information associated with the transaction executed by the entity with the third source institution with the pattern associated with the past transactions stored in the distributed ledger to determine a match, wherein comparing further comprises at least determining that the first transaction channel matches at least one of the one or more predetermined transaction channels; authorizing the execution of the transaction executed by the entity with the third source institution to be completed based on at least determining a match between the information associated with the transaction executed by the entity with the third source institution and the pattern associated with the past transactions stored in the distributed ledger, wherein authorizing further comprises; identifying a smart contract between the third source institution, the first source institution, and the second source institution, wherein the smart contract comprises logic and rules associated with the smart contract, wherein the smart contract is configured to be self-executing; comparing the information associated with the transaction executed by the entity with the third source institution to the logic and rules of the smart contract; determining that the information associated with the transaction executed by the entity with the third source institution meets the logic and rules of the smart contract; and validating the information associated with the transaction executed by the entity with the third source institution in response to determining that the recorded host institution data meets the logic and rules of the smart contract; determining, based on at least the one or more past transactions executed by the entity via the one or more predetermined transaction channels, that the entity is associated with misappropriate activity; aggregating information associated with past transactions executed by the entity via the one or more predetermined transaction channels with the one or more financial institutions; and recording the aggregated information associated with the past transactions in the distributed ledger. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A computer program product embodied on at least one non-transitory computer readable storage medium for execution on a system operatively connected with the block chain distributed network, the computer program product for using the block chain distributed network for establishing secure access for users in a process data network, the computer program product having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:
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an executable portion configured to receive an indication that an entity has executed a transaction with a third source institution via a first transaction channel; an executable portion configured to record information associated with the transaction executed by the entity with the third source institution in a distributed ledger of the block chain distributed network, wherein the distributed ledger further comprises past transactions executed by the entity with one or more financial institutions, wherein the past transactions comprise at least information associated with transactions executed by the entity with a first source institution and a second source institution via one or more predetermined transaction channels including at least a specific banking center, a specific ATM (Automatic Transaction Machine), or a specific online/mobile banking channel; an executable portion configured to analyze the distributed ledger to determine a pattern associated with the past transactions executed by the entity stored in the distributed ledger; an executable portion configured to compare the information associated with the transaction executed by the entity with the third source institution with the pattern associated with the past transactions stored in the distributed ledger to determine a match, wherein comparing further comprises at least determining that the first transaction channel matches at least one of the one or more predetermined transaction channels; an executable portion configured to authorize the execution of the transaction executed by the entity with the third source institution to be completed based on at least determining a match between the information associated with the transaction executed by the entity with the third source institution and the pattern associated with the past transactions stored in the distributed ledger, wherein authorizing further comprises; identifying a smart contract between the third source institution, the first source institution, and the second source institution, wherein the smart contract comprises logic and rules associated with the smart contract, wherein the smart contract is configured to be self-executing; comparing the information associated with the transaction executed by the entity with the third source institution to the logic and rules of the smart contract; determining that the information associated with the transaction executed by the entity with the third source institution meets the logic and rules of the smart contract; and validating the information associated with the transaction executed by the entity with the third source institution in response to determining that the recorded host institution data meets the logic and rules of the smart contract; an executable portion configured to determine, based on at least the one or more past transactions executed by the entity via the one or more predetermined transaction channels, that the entity is associated with misappropriate activity; an executable portion configured to aggregate information associated with past transactions executed by the entity via the one or more predetermined transaction channels with the one or more financial institutions; and an executable portion configured to record the aggregated information associated with the past transactions in the distributed ledger. - View Dependent Claims (15, 16, 17, 18)
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Specification