Telecommunication System and Method for Settling Session Transactions

• US 20200134616A1
• Filed: 06/03/2019
• Published: 04/30/2020
• Est. Priority Date: 06/04/2018
• Status: Active Grant

• Current Assignee: Noah Rafalko
• Original Assignee: Noah Rafalko
• Inventors: Rafalko, Noah
• Granted Patent: US 10,740,754 B2
• Time in Patent Office: Days
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/065 using e-cash
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/3829 involving key management
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 2220/00 Business processing using cryptography postage metering system using cryptography G06Q2250/05
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 9/0637 Modes of operation, e.g. cipher block chaining [CBC], electronic codebook [ECB] or Galois/counter mode [GCM]
• CPC Class Codes: H04L 9/3236 using cryptographic hash functions
• CPC Class Codes: H04L 9/3239 involving non-keyed hash functions, e.g. modification detection codes [MDCs], MD5, SHA or RIPEMD
• CPC Class Codes: H04L 9/3247 involving digital signatures
• CPC Class Codes: H04L 9/50 using hash chains, e.g. blockchains or hash trees

Abstract

A system for validating communications sessions among clients utilizes a ledger administration server to validate requests for communications sessions using smart contracts and recorded on a distributed ledger, with at least one session validation server capable of validating requested communications sessions communicating with said ledger administration server via messages, said communications sessions being validated and initiated in near real-time.

Claims

1. A system for processing communications transactions comprising:

at least one ledger administration server adapted to maintain

a distributed ledger comprising a data structure for storing at least communication session balances and node information that includes at least a node table, and session table,

a smart contract database adapted to store smart contracts; and

at least one session validation server adapted to validate communication sessions for at least one of said clients,

wherein a communications session is initiated by one of said clients, said ledger administration server validates said session by sending messages to said session validation server and executing said smart contracts to update said ledger.

2. The system of claim 1 further comprising a KYC server adapted to send and receive messages to said ledger administration server, said KYC server being further adapted to determine if a client is authorized to participate in a communications session

3. The system of claim 1 further comprising an operator node server adapted to communicate with a said ledger administration server and a plurality of said clients wherein said clients initiate communications sessions by sending messages to said operator node, and said operator node sends messages to said ledger administration server requesting the initiation of said sessions.

4. The system of claim 1 further comprising a proxy validation server adapted to communicate with said ledger administration server and at least one said session validation server wherein said proxy server receives validation requests from said ledger administration server and validates such requests based on messages exchanged with said session validation server.

5. The system of claim 2 wherein the at least one ledger administration server is adapted to maintain a distributed ledger further comprising a data structure that includes a KYC validator table.

6. A method of validating communications sessions among clients using a ledger administration network, said ledger administration network comprising

at least one ledger administration server adapted to maintain

a distributed ledger comprising a data structure for storing at least communication session balances and node information that includes at least a node table, a session table, and a KYC validator table

a smart contract database adapted to store smart contracts;

and

at least one session validation server adapted to validate communication sessions for at least one of said clients,

at least one KYC server adapted to send and receive messages to said ledger administration server, said KYC server being further adapted to determine if a client is authorized to participate in a communications session;

wherein said ledger administration server is adapted to;

receive a session request comprising smart contract terms and at least one receiving client from an initiating client,

validate digital signatures associated with said initiating client and said receiving client,

match a session between the requesting client and the receiving client,

verify KYC status of the requesting client and the receiving client,

verify session balances in a distributed ledger against said smart contract terms,

validate the session with said session validation server, and

approve said session in said ledger.

7. The method of claim 6 wherein said ledger administration network further comprises an operator node server adapted to communicate with a said ledger administration server and a plurality of said clients wherein said clients initiate communications sessions by sending messages to said operator node, and said operator node sends messages to said ledger administration server requesting the initiation of said sessions.

8. The method of claim 6 wherein said ledger administration network further comprises a proxy validation server adapted to communicate with said ledger administration server and at least one said session validation server wherein said proxy server receives validation requests from said ledger administration server and validates such requests based on messages exchanged with said session validation server.