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US 2021/0342822 A1Published application
Compliance based data transaction network
OwnerMaria Esther Lau, Kevin Wayne Hartiginventors
Life of this patent
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Abstract
A distributed compliance system permits exchange and storage of compliance data that is required to be collected by institutions. The distributed compliance system utilizes blockchain technology to securely exchange sensitive data via a compliance network layer. A transaction network layer is also implemented to provide transactionally incentivized compliance with and exchange of sensitive data.
Claims20
A distributed compliance system comprising:
- at least one user operably connected to a compliance network layer;
- at least one institution operably connected to the compliance network layer;
- at least one processing node operably connected to the compliance network layer;
- wherein the at least one processing node is adapted to receive sensitive data from the at least one user and verify compliance of the sensitive data received with a set of compliance regulations;
- wherein the at least one processing node stores the sensitive data and is adapted to provide profile data to the at least one institution based on the sensitive data of the at least one user upon request of the at least one institution;
- and
- wherein the profile data is processed by the at least one institution and the processed profile data informs the at least one institution as to whether the sensitive data of the at least one user complies with the set of compliance regulations.
4 more elements
A method for establishing compliance with compliance regulations, the method comprising:
- transmitting from at least one user sensitive data related to the at least one user, wherein the sensitive data is transmitted over a compliance network layer;
- receiving at a processing node the sensitive data related to the at least one user;
- processing the sensitive data related to the at least one user to verify compliance of the sensitive data with a set of compliance regulations;
- generating profile data based on the sensitive data related to the at least one user;
- receiving a request about the at least one user from at least one institution;
- transmitting from the processing node to the at least one institution profile data regarding the at least one user;
- and
- determining if the at least one user is compliant with the set of compliance regulations based on the profile data.
5 more elements
Dependencies are inferred from the claim text.