Method, apparatus, and computer program product for network data linking and transmission thereof

An apparatus comprising a processor and at least one non-transitory memory including program code, the at least one non-transitory memory and the program code configured to, with the processor, cause the apparatus to at least:

• in response to receiving a dataset generation request associated with a completed transaction indication, trigger generating, in a network database, a first dataset associated with a client account, wherein the first dataset indicates a restricted value from the completed transaction indication;
• determine that the first dataset is linkable to an instrument identifier of a physical instrument associated with the client account;
• in response to receiving, from a client device associated with the client account, a first data linking query to associate the first dataset with the instrument identifier, generate, in the network database, a dataset pointer establishing a data connection between the first dataset and the instrument identifier associated with the physical instrument based on the first data linking query;
• in response to receiving a transmission indication at a transmission indication time indicating a transmission between the physical instrument and a terminal device, trigger updating the first dataset in the network database based on the transmission indication, wherein the transmission indication indicates the instrument identifier and a partial amount associated with the first dataset;
• and
• in response to expiration of a predetermined redemption period following the transmission indication time, output, to the client device, a redemption completion indication indicating that the restricted value associated with the first dataset has been redeemed, wherein the predetermined redemption period is defined by the first dataset.

A computer program product comprising at least one non-transitory computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising an executable portion configured to:

• in response to receiving a dataset generation request associated with a completed transaction indication, trigger generating, in a network database, a first dataset associated with a client account, wherein the first dataset indicates a restricted value from the completed transaction indication;
• determine that the first dataset is linkable to an instrument identifier of a physical instrument associated with the client account;
• in response to receiving, from a client device associated with the client account, a first data linking query to associate the first dataset with the instrument identifier, generate, in the network database, a dataset pointer establishing a data connection between the first dataset and the instrument identifier associated with the physical instrument based on the first data linking query;
• in response to receiving a transmission indication at a transmission indication time indicating a transmission between the physical instrument and a terminal device, trigger updating the first dataset in the network database based on the transmission indication, wherein the transmission indication indicates the instrument identifier and a partial amount associated with the first dataset;
• and
• in response to expiration of a predetermined redemption period following the transmission indication time, output, to the client device, a redemption completion indication indicating that the restricted value associated with the first dataset has been redeemed, wherein the predetermined redemption period is defined by the first dataset.