System and Methods for Location Verification with Blockchain Controls

A location based verification method, the method comprising:

• generating, via a central computing system in communication with a mobile device, a cryptographically verifiable ledger represented by a sequence of data blocks, each data block containing one or more transaction records and each subsequent data block containing a hash value associated with a previous data block, the mobile device equipped with a processor and a location-based sensor;
• receiving, via the central computing system, first event information associated with an initiation of a transfer of one or more physical objects to a third party, wherein the first event information includes a destination location associated with the third party;
• generating, via the central computing system, a path from an origin location to the destination location associated with the third party;
• embedding, via the central computing system, a plurality of location coordinates associated with different locations on the path into a first hash;
• generating, via the central computing system, in response to receiving the first event information, at least a first additional block containing one or more new transaction records associated with the first event information and the first hash, in the cryptographically verifiable ledger;
• tracking, via the central computing system, locations traveled by the mobile device by receiving location data from the location-based sensor;
• receiving, via the central computing system, second event information from the mobile device, the second event information associated with a completion of the transfer of one or more physical objects to the third party;
• verifying, via the central computing system, that the locations traveled by the mobile device correspond with the path embedded in the first hash by verifying that the locations traveled by the mobile device correspond with the plurality of location coordinates associated with different locations on the path embedded in the first hash, and
• generating, via the central computing system, at least a second additional block containing one or more transaction records associated with the second event information in response to the verifying.