Scalable reconciliation of crypto assets in a blockchain network

A system for scalable reconciliation of a plurality of crypto assets between an offline wallet and an online wallet in a blockchain network, the system comprising:

• one or more hardware processors;
• and
• a memory coupled to the one or more hardware processors, the memory storing instructions for execution by the one or more hardware processors, wherein the one or more hardware processors are configured by the instructions to:
• receive a request for reconciliation of a plurality of transactions from a computing system associated with trading platform;
• trigger the blockchain network to generate a smart contract, wherein the smart contract comprises information indicative of a quantity of the plurality of crypto assets to be shifted between the offline wallet and the online wallet;
• and
• reconcile the plurality of crypto assets between the offline wallet and the online wallet based on the generated smart contract and a public address, wherein the reconciling comprises transferring by the blockchain network a pre-defined number of a plurality of packets containing at least one of:
• a first part of a private multi-signature key and a second part of the multi-signature private key.

A non-transitory computer-readable storage medium storing instructions which when executed by a processor enable the processor to execute a method of scalable reconciliation of a plurality of crypto assets between an offline wallet and an online wallet in a blockchain network, the method comprising:

• receiving a request for reconciliation of a plurality of transactions from a computing system associated with a trading platform;
• triggering the blockchain network to generate a smart contract, wherein the smart contract comprises information indicative of a quantity of the plurality of crypto assets to be shifted between the offline wallet and the online wallet;
• and
• reconciling the plurality of crypto assets between the offline wallet and the online wallet based on the generated smart contract and a public address, wherein the reconciling comprises transferring by the blockchain network a pre-defined number of a plurality of packets containing at least one of:
• a first part of a private multi-signature key and a second part of the multi-signature private key.