SYSTEMS AND METHODS FOR BLOCKCHAIN BASED PAYMENT NETWORKS
First Claim
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1. A method comprising:
- preparing, by a payment network, a request to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain, wherein the request includes an amount and payee address associated with a payee digital wallet;
sending, by the payment network, the request to the blockchain using a blockchain interface;
approving, by the payment network, the request; and
adjusting, by the payment network, a balance of the payer digital wallet and a balance of the payee digital wallet to reflect approval of the request by writing the transaction to the blockchain.
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Abstract
A system for operating a payment network with a blockchain-based ledger may prepare a request to complete a transaction from an account associated with a payer digital wallet for entry on the blockchain. The request may include an amount and payee address associated with a payee digital wallet. The system may also send the request to the blockchain using a blockchain interface. The system may approve or decline the request. The system may further adjust a balance of the payer a balance of the payee to reflect approval of the request. The adjustment may include writing the transaction to the blockchain.
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Citations
20 Claims
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1. A method comprising:
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preparing, by a payment network, a request to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain, wherein the request includes an amount and payee address associated with a payee digital wallet; sending, by the payment network, the request to the blockchain using a blockchain interface; approving, by the payment network, the request; and adjusting, by the payment network, a balance of the payer digital wallet and a balance of the payee digital wallet to reflect approval of the request by writing the transaction to the blockchain. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer-based system, comprising:
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a processor; a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; preparing, by the processor, a request to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain, wherein the request includes an amount and payee address associated with a payee digital wallet; sending, by the processor, the request to the blockchain using a blockchain interface; approving, by the processor, the request, and adjusting, by the processor, a balance of the payer digital wallet and a balance of the payee digital wallet to reflect approval of the request by writing the transaction to the blockchain. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a payment network, cause the payment network to perform operations comprising:
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preparing, by the payment network, a request to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain, wherein the request includes an amount and payee address associated with a payee digital wallet; sending, by the payment network, the request to the blockchain using a blockchain interface; approving, by the payment network, the request; and adjusting, by the payment network, a balance of the payer digital wallet and a balance of the payee digital wallet to reflect approval of the request by writing the transaction to the blockchain. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification