17933399. TRANSACTION EXCHANGE PLATFORM USING BLOCKCHAIN AND DATA INTEGRITY MICROSERVICES TO VALIDATE TRANSACTION OBJECT INTEGRITY simplified abstract (Capital One Services, LLC)

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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 17933399 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 validate the transaction objects.
  • In cases where transaction objects cannot be verified, microservices retrieve salt values from a blockchain associated with the streaming data platform.
  • The salt values are used to update the microservice and include the salt value for further processing.

Potential Applications

The technology described in the patent application 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

This technology solves the problem of efficiently processing transactions while ensuring their validity and security. By using a combination of streaming data platforms, microservices, and blockchain technology, the platform can handle transactions effectively.

Benefits

The benefits of this technology include improved transaction processing speed, enhanced security through hash signatures and salt values, and the ability to adapt microservices configurations dynamically.

Potential Commercial Applications

Potential commercial applications of this technology include payment processing systems, online marketplaces, and logistics platforms that require secure and efficient transaction processing capabilities.

Possible Prior Art

One possible prior art for this technology could be the use of blockchain technology in transaction processing systems to enhance security and transparency. Additionally, the integration of microservices with streaming data platforms may have been explored in previous patents or research papers.

Unanswered Questions

How does the platform handle scalability and high transaction volumes?

The patent application does not provide specific details on how the platform addresses scalability issues or manages high transaction volumes efficiently.

What measures are in place to prevent unauthorized access to the transaction data?

The patent application does not elaborate on the security measures implemented to prevent unauthorized access to transaction data or protect against potential cyber threats.


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.

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