System for periodically updating backings for resource requests

A method for periodically updating backings for resource requests, the method comprising:

• storing, by a resource chronicle store, a plurality of resource chronicles, wherein each resource chronicle of the plurality of resource chronicles is associated with a resource request, and wherein each resource request comprises a resource value;
• storing, by a backing store, a plurality of backings, wherein each backing of the plurality of backings provides collateral for at least one resource request, and the plurality of backings are indexed based on at least one of ownership, type, value, performance, resource request, or institute;
• processing, by a backing manager, for each resource chronicle of the plurality of resource chronicles, to perform actions of:
• retrieving the resource chronicle from the resource chronicle store;
• determining that the resource request associated with the resource chronicle has a fulfilled status when a resource requestor has reimbursed a resource provider for the resource value;
• releasing one or more first backings that provide collateral for the resource request associated with the resource chronicle by, for each of the one or more first backings:
• retrieving the first backing from the backing store;
• determining whether the first backing provides collateral for an additional resource request associated with another resource chronicle by using the index to search the backing store;
• if the first backing provides collateral for the additional resource request associated with the other resource chronicle, updating the backing store to release the first backing from the resource request associated with the resource chronicle;
• and
• if the first backing provides collateral for only the resource request associated with the resource chronicle, updating the backing store to release the first backing from the resource provider.

A non-transitory computer-readable medium having sets of instructions stored thereon for periodically updating backings for resource requests which, when executed by a computer, cause the computer to perform actions of:

• storing, by a resource chronicle store, a plurality of resource chronicles, wherein each resource chronicle of the plurality of resource chronicles is associated with a resource request, and wherein each resource request comprises a resource value;
• storing, by a backing store, a plurality of backings, wherein each backing of the plurality of backings provides collateral for at least one resource request, and the plurality of backings are indexed based on at least one of ownership, type, value, performance, resource request, or institute;
• processing, by a backing manager, for each resource chronicle of the plurality of resource chronicles, to perform actions of:
• retrieving the resource chronicle from the resource chronicle store;
• determining that the resource request associated with the resource chronicle has a fulfilled status when a resource requestor has reimbursed a resource provider for the resource value;
• releasing one or more first backings that provide collateral for the resource request associated with the resource chronicle by:
• retrieving the first backing from the backing store;
• determining whether the first backing provides collateral for an additional resource request associated with another resource chronicle by using the index to search the backing store;
• if the first backing provides collateral for the additional resource request associated with the other resource chronicle, updating the backing store to release the first backing from the resource request associated with the resource chronicle;
• and
• if the first backing provides collateral for only the resource request associated with the resource chronicle, updating the backing store to release the first backing from the resource provider.