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US 2018/0211252 A1Published application
Systems and methods for private node-level data computing and reconciliation
AssigneeJiko Group, Inc.
InventorsStephane Lintner, Andrea G. Forte, Hannes Helgason, Rocky Motwani
Life of this patent
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Abstract
Aspects and embodiments are directed to method and system for node based reconciliation. Various aspects also provide for real-time securities exchange while supporting cash based transactions. Additional aspects incorporate improved user interfaces for enabling single selection investment decisions for all of a clients' wealth.
Claims20
A node based reconciliation system, the system comprising:
- at least a first node, executed by at least one processor, associated with a first client, wherein the first node includes:
- a private record for the first client, wherein the private record is configured for access only on the first node and by first client and is the single source for a transaction history for the first client;
- a database including key based addresses storing for information required to communicate with other nodes in the reconciliation system associated with other, including a wallet of addresses or keys used to sign, receive and validate transactions on a central record;
- wherein the first node is configured to execute reconciliation between a pair of nodes, the reconciliation including execution of functions configured to:
- establish a secure connection based on the database information for the other nodes in the system with a second node;
- modify the private record based on a key for the first node and a value associated with a transaction;
- allocate the value between the first node and the second node based on a respective key for the second node;
- and
- cryptographically sign and publish at least a portion of an anonymous public record specifying acceptance of the transfer between the respective nodes.
6 more elements
A computer implemented method for node based reconciliation, the method comprising:
- maintain, by a first node in a reconciliation network, a private record for a first client, wherein the private record is configured for access only on the first node and by first client and is the single source for a transaction history for the first client;
- generate, on the first node, a database including key based addresses storing for information required to communicate with other nodes in the reconciliation system associated with other clients, including a wallet of addresses or keys used to sign, receive and validate transactions on a central record;
- reconciling between a pair of nodes including the first node transaction information, wherein the act of reconciliation includes:
- establishing a secure connection based on the database information for the other nodes in the system with a second node;
- modifying the private record based on a key for the first node and a value associated with a transaction;
- allocating the value between the first node and the second node based on a respective key for the second node;
- and
- cryptographically signing and publishing at least a portion of an anonymous public record specifying acceptance of the transfer between the respective nodes.
5 more elements
Dependencies are inferred from the claim text.