END-TO-END RESOURCE VISIBILITY AND TRACKING SYSTEM

• US 20200134618A1
• Filed: 05/01/2019
• Published: 04/30/2020
• Est. Priority Date: 10/26/2018
• Status: Active Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Morgan, Rebecca Stepp, Marshall, Robert Edward, Taylor, Judith C., Gunsolley, Shawn Cart, Spehar, Deirdre
• Application Number:
  US16/400,870
• Publication Number:
  US 20200134618A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 20/38215 Use of certificates or encrypted proofs of transaction rights
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G07F 19/206 Software aspects at ATMs
• CPC Class Codes: G07F 19/211 Software architecture within ATMs or in relation to the ATM network
• 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 9/50 using hash chains, e.g. blockchains or hash trees

Abstract

Embodiments of the invention are directed to a system, method, or computer program product for end-to-end resource visibility and tracking. In this way, an electronic tag is generated and distributed on a block chain network. The tag may identify a resource set and ultimately integrate with downstream systems for visualization of resource deposits and distributions within the bag. In this way, the invention provides a tool for a single source platform for tracking of status checks and digitized resource chain monitoring network. In this way, the invention creates a complete end-to-end digital fingerprint of physical resource tracking during a life cycle utilizing block chain technology with a distributed ledger to identify each touch point of the life cycle.

Claims

1. A system for an end-to-end distributed network tag, the system comprising:

a memory device with computer-readable program code stored thereon;

a communication device;

a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to;

authorize a user for access to a platform tool for resource life cycle monitoring, wherein the platform tool displays data from a distributed network for touch point identification of the resource life cycle;

identify deployment of a tag on a resource set, wherein the tag is a standardized scannable tag, wherein upon initial deployment the tag transmits resource information associated with the resource set to the distributed network;

receive scanning confirmation from the tag, wherein the scanning occurs at one or more of the touch points across the resource life cycle;

generate a block for the touch point based on the scanning confirmation, wherein the block is added to the distributed ledger for the resource life cycle monitoring and comprises updated resource information associated with the resource set; and

complete resource life cycle monitoring upon final distribution of resources from the resource set.

2. The system of claim 1, wherein resource life cycle monitoring of the resource set comprising physical currency at each of the touch points for an end-to-end identification of a location of the physical currency and processing stage of the physical currency.

3. The system of claim 1, further comprising providing regulatory compliance satisfaction materials via the platform tool and transmit the regulator compliance satisfaction materials to the authorized user.

4. The system of claim 1, further comprising gathering of the resource life cycle monitoring of multiple tags for identification of processing delay or soft point trends in multiple resource sets end-to-end life cycle.

5. The system of claim 1, wherein the tag comprises sensors for transmission of data upon being scanned at a touch point along the resource life cycle.

6. The system of claim 1, wherein the resource set is a set of multiple physical currency from one or more owners within a bag.

7. The system of claim 1, wherein the distributed network is a private distributed block chain network for monitoring touch points across the resource set end-to-end of the resource life cycle.

8. The system of claim 1, wherein the standardized scannable tag is physically affixed to the resource set, wherein the resource set comprises physical currency.

9. A computer program product for an end-to-end distributed network tag, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for authorizing a user for access to a platform tool for resource life cycle monitoring, wherein the platform tool displays data from a distributed network for touch point identification of the resource life cycle;

an executable portion configured for identifying deployment of a tag on a resource set, wherein the tag is a standardized scannable tag, wherein upon initial deployment the tag transmits resource information associated with the resource set to the distributed network;

an executable portion configured for receiving scanning confirmation from the tag, wherein the scanning occurs at one or more of the touch points across the resource life cycle;

an executable portion configured for generating a block for the touch point based on the scanning confirmation, wherein the block is added to the distributed ledger for the resource life cycle monitoring and comprises updated resource information associated with the resource set; and

an executable portion configured for completing resource life cycle monitoring upon final distribution of resources from the resource set.

10. The computer program product of claim 9, wherein resource life cycle monitoring of the resource set comprising physical currency at each of the touch points for an end-to-end identification of a location of the physical currency and processing stage of the physical currency.

11. The computer program product of claim 9, further comprising an executable portion configured for providing regulatory compliance satisfaction materials via the platform tool and transmit the regulator compliance satisfaction materials to the authorized user.

12. The computer program product of claim 9, further comprising an executable portion configured for gathering of the resource life cycle monitoring of multiple tags for identification of processing delay or soft point trends in multiple resource sets end-to-end life cycle.

13. The computer program product of claim 9, wherein the tag comprises sensors for transmission of data upon being scanned at a touch point along the resource life cycle and is physically affixed to the resource set.

14. The computer program product of claim 9, wherein the distributed network is a private distributed block chain network for monitoring touch points across the resource set end-to-end of the resource life cycle.

15. A computer-implemented method for an end-to-end distributed network tag, the method comprising:

providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations;

authorizing a user for access to a platform tool for resource life cycle monitoring, wherein the platform tool displays data from a distributed network for touch point identification of the resource life cycle;

identifying deployment of a tag on a resource set, wherein the tag is a standardized scannable tag, wherein upon initial deployment the tag transmits resource information associated with the resource set to the distributed network;

receiving scanning confirmation from the tag, wherein the scanning occurs at one or more of the touch points across the resource life cycle;

generating a block for the touch point based on the scanning confirmation, wherein the block is added to the distributed ledger for the resource life cycle monitoring and comprises updated resource information associated with the resource set; and

completing resource life cycle monitoring upon final distribution of resources from the resource set.

16. The computer-implemented method of claim 15, wherein resource life cycle monitoring of the resource set comprising physical currency at each of the touch points for an end-to-end identification of a location of the physical currency and processing stage of the physical currency.

17. The computer-implemented method of claim 15, further comprising providing regulatory compliance satisfaction materials via the platform tool and transmit the regulator compliance satisfaction materials to the authorized user.

18. The computer-implemented method of claim 15, further comprising gathering of the resource life cycle monitoring of multiple tags for identification of processing delay or soft point trends in multiple resource sets end-to-end life cycle.

19. The computer-implemented method of claim 15, wherein the tag comprises sensors for transmission of data upon being scanned at a touch point along the resource life cycle and is physically affixed to the resource set.

20. The computer-implemented method of claim 15, wherein the distributed network is a private distributed block chain network for monitoring touch points across the resource set end-to-end of the resource life cycle.