System for processing offline digital resource transfers using a hardware device based cryptographic application

A computer program product for processing offline digital resource transfers using a hardware device based cryptographic application, the computer program product comprising at least one non-transitory computer readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising executable code portions for:

• initiating a digital resource transfer request with a terminal computing device, wherein initiating the digital resource transfer request comprises opening a secure communication channel with the terminal computing device in an offline mode without internet access;
• retrieving digital resource transfer data from the terminal computing device;
• based on the digital resource transfer data, digitally signing a data record comprising the digital resource transfer data by accessing a cryptographic application stored within a hardware chip device, wherein the cryptographic application digitally signs the data record using a cryptographic key stored on the hardware chip device;
• transferring an amount of digital resources to the terminal computing device according to the digital resource transfer data;
• determining that an internet connection has been reestablished;
• and
• based on determining that the internet connection has been reestablished, transmitting the data record comprising the digital resource transfer data to a third party entity database for reconciliation.

A computer-implemented method for processing offline digital resource transfers using a hardware device based cryptographic application, wherein the computer-implemented method comprises:

• initiating a digital resource transfer request with a terminal computing device, wherein initiating the digital resource transfer request comprises opening a secure communication channel with the terminal computing device in an offline mode without internet access;
• retrieving digital resource transfer data from the terminal computing device;
• based on the digital resource transfer data, digitally signing a data record comprising the digital resource transfer data by accessing a cryptographic application stored within a hardware chip device, wherein the cryptographic application digitally signs the data record using a cryptographic key stored on the hardware chip device;
• transferring an amount of digital resources to the terminal computing device according to the digital resource transfer data;
• determining that an internet connection has been reestablished;
• and
• based on determining that the internet connection has been reestablished, transmitting the data record comprising the digital resource transfer data to a third party entity database for reconciliation.