Systems and methods for blockchain based payment networks

A computer-based system, comprising:

• a processor;
• and
• a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising:
• preparing, by the processor, a request to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain, wherein the request to complete the transaction includes an amount and a payee address associated with a payee digital wallet;
• sending, by the processor, the request to complete the transaction to the blockchain using a blockchain interface;
• approving, by the processor, the request to complete the transaction;
• adjusting, by the processor, a balance of the payer digital wallet and a balance of the payee digital wallet in response to approval of the request to complete the transaction by writing the transaction comprising the amount and the payee address to the blockchain;
• generating, by the processor, a fraud assessment for the request to complete the transaction based at least in part on at least one of historical information about user agents, device identifications, or data coupled to a user account;
• and
• rolling back a change to the blockchain in response to the fraud assessment indicating an unacceptable likelihood of fraud.

An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a payment network, cause the payment network to perform operations comprising:

• preparing, by the payment network, a request to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain, wherein the request to complete the transaction includes an amount and a payee address associated with a payee digital wallet;
• sending, by the payment network, the request to complete the transaction to the blockchain;
• approving, by the payment network, the request to complete the transaction;
• adjusting, by the payment network, a balance of the payer digital wallet and a balance of the payee digital wallet in response to approval of the request to complete the transaction by writing the transaction comprising the amount and the payee address to the blockchain;
• generating, by the payment network, a fraud assessment for the request to complete the transaction based at least in part on at least one of historical information about user agents, device identifications, or data coupled to a user account;
• and
• rolling back a change to the blockchain in response to the fraud assessment indicating an unacceptable likelihood of fraud.