IComply Investor Services Inc. (20250062916). SYSTEM AND METHOD FOR OFF-CHAIN CRYPTOGRAPHIC TRANSACTION VERIFICATION

SYSTEM AND METHOD FOR OFF-CHAIN CRYPTOGRAPHIC TRANSACTION VERIFICATION

Organization Name

iComply Investor Services Inc.

Inventor(s)

Matthew Unger of Vancouver (CA)

Matej Masiar of Vancouver (CA)

Qayyum Rajan of Surrey (CA)

SYSTEM AND METHOD FOR OFF-CHAIN CRYPTOGRAPHIC TRANSACTION VERIFICATION

This abstract first appeared for US patent application 20250062916 titled 'SYSTEM AND METHOD FOR OFF-CHAIN CRYPTOGRAPHIC TRANSACTION VERIFICATION

Original Abstract Submitted

systems and methods for off-chain verification of cryptographic transactions are disclosed. the system receives a first transaction from a first blockchain, wherein the first transaction is associated with a first address of a first user device and receives a notification of an analysis of a whitelist status for the first transaction. the system performs a first off-chain check on the first transaction to determine validity of the first transaction and if the first off-chain check fails, determines whether a second off-chain check is required. if the second off-chain check is required the system performs the second off-chain check and if the second off-chain check fails, determines whether a supervised check is required. if the supervised check is required, the system sends transaction parameters of the first transaction to a second user device and submits transaction details to the first blockchain if an approval is received from the supervisor user device.