17933380. TRANSACTION EXCHANGE PLATFORM USING BLOCKCHAIN AND DATA INTEGRITY MICROSERVICES TO VALIDATE TRANSACTION OBJECT INTEGRITY simplified abstract (Capital One Services, LLC)

TRANSACTION EXCHANGE PLATFORM USING BLOCKCHAIN AND DATA INTEGRITY MICROSERVICES TO VALIDATE TRANSACTION OBJECT INTEGRITY

Organization Name

Capital One Services, LLC

Inventor(s)

Brian T. Burnett of Mechanicsville VA (US)

Earle Michael Lee of Midlothian VA (US)

TRANSACTION EXCHANGE PLATFORM USING BLOCKCHAIN AND DATA INTEGRITY MICROSERVICES TO VALIDATE TRANSACTION OBJECT INTEGRITY - A simplified explanation of the abstract

This abstract first appeared for US patent application 17933380 titled 'TRANSACTION EXCHANGE PLATFORM USING BLOCKCHAIN AND DATA INTEGRITY MICROSERVICES TO VALIDATE TRANSACTION OBJECT INTEGRITY

Simplified Explanation

The patent application describes a transaction exchange platform that utilizes a streaming data platform and microservices to process transactions efficiently. Here are some key points from the abstract:

• The platform generates configuration transaction objects to reconfigure microservices with salt values and time periods of salt value validity.
• Microservices retrieve transaction objects from the streaming data platform and generate hash signatures to verify the validity of the transactions.
• In cases where transaction objects cannot be verified, microservices retrieve salt values from a blockchain associated with the streaming data platform to update the microservice.

Potential Applications

This technology could be applied in various industries such as finance, e-commerce, and supply chain management to streamline transaction processing and enhance security measures.

Problems Solved

1. Efficient processing of transactions using microservices and a streaming data platform. 2. Enhancing security by verifying transaction validity through hash signatures and salt values.

Benefits

1. Improved transaction processing speed and accuracy. 2. Enhanced security measures to prevent fraudulent activities. 3. Streamlined workflows and reconfiguration of microservices.

Potential Commercial Applications

"Enhancing Transaction Processing Efficiency and Security in Financial Services"

Possible Prior Art

One possible prior art could be the use of blockchain technology in transaction verification and security measures in various industries.

How does this technology compare to traditional transaction processing methods?

This article does not provide a direct comparison between this technology and traditional transaction processing methods.

What are the potential limitations or challenges of implementing this technology in real-world scenarios?

The article does not address the potential limitations or challenges that may arise when implementing this technology in real-world scenarios.

Original Abstract Submitted

Aspects described herein may relate to a transaction exchange platform using a streaming data platform (SDP) and microservices to process transactions in accordance with corresponding workflows. The transaction exchange platform may generate configuration transaction objects to reconfigure microservices with salt values and time periods of salt value validity. Further, the microservices may retrieve transaction objects from a streaming data platform and generate hash signatures as part of determining the validity of the transaction objects. Furthermore, in some aspects the microservices may retrieve salt values for transaction objects that cannot be verified due to the absence of a hash signature. The salt values may be retrieved from a blockchain associated with the streaming data platform and may be used to update the microservice to include the salt value.