Bilateral assertion model and ledger implementation thereof

A system comprising:

• a transaction receiver operative to an identification processor, coupled with the transaction receiver, operative to receive, via a network interface, a request data transaction message communicated from a first participant to a second participant of a plurality of participants, the processor being coupled with a portion of a shared data structure stored in a memory and comprising a bilateral distributed ledger, the portion of the shared data structure comprising a plurality of sub-data structures for separately storing data indicative of transactions between the first participant and each of the others of the plurality of participants, the request data transaction message comprising data indicative of a request by the first participant to modify data stored in a first sub-data structure of the plurality of sub-data structures;
• a data modifier, coupled to the identification processor, operative to, validate, the request data transaction message upon receipt thereby by identifying, based on the request data transaction message, at least one other participant of the plurality of participants to validate modifications to the data and transmitting a validation request data transaction message thereto requesting that the identified participant validate the request to modify the data in the first sub-data structure of the portion of the shared data structure;
• the transaction receiver further operative to receive, via the network interface, validation response data transaction messages from one or more of the identified at least one other participants, each of the received validation response data transaction messages comprising data indicative of a response to the validation transaction request message sent thereto;
• a validation determiner, coupled with the transaction receiver and message generator, operative to determine, based on the received validation response data transaction messages, whether all of the identified at least one other participants have validated the request to modify the data in the first sub-data structure of the portion of the shared data structure;
• and
• only when all of the identified at least one other participants have validated the request to modify the data in the portion of the shared data structure, the data modifier further operative to modify the first sub-data structure of the portion of the shared data structure, and
• wherein the shared data structure is reconciled in real time among the plurality of participants.

A system comprising:

• a processor;
• and
• a memory coupled with the processor and storing computer executable instructions that when executed by the processor, cause the processor to:
• receive, via a network interface, a request data transaction message communicated from a first participant to a second participant of a plurality of participants, the processor being coupled with a portion of a shared data structure stored in a memory and comprising a bilateral distributed ledger, the portion of the shared data structure comprising a plurality of sub-data structures for separately storing data indicative of transactions between the first participant and each of the others of the plurality of participants, the request data transaction message comprising data indicative of a request by the first participant to modify data stored in a first sub-data structure of the plurality of sub-data structures;
• validate, the request data transaction message upon receipt thereby by identifying, based on the request data transaction message, at least one other participant of the plurality of participants to validate modifications to the data and transmitting a validation request data transaction message thereto requesting that the identified participant validate the request to modify the data in the first sub-data structure of the portion of the shared data structure;
• receive, via the network interface, validation response data transaction messages from one or more of the identified at least one other participants, each of the received validation response data transaction messages comprising data indicative of a response to the validation transaction request message sent thereto;
• determine, based on the received validation response data transaction messages, whether all of the identified at least one other participants have validated the request to modify the data in the first sub-data structure of the portion of the shared data structure;
• and
• only when all of the identified at least one other participants have validated the request to modify the first sub-data structure of the data in the portion of the shared data structure, modify the data in the first sub-data structure of the portion of the shared data structure, and
• wherein the shared data structure is reconciled in real time among the plurality of participants.