Use of cryptocurrency to release a reserved data resource
AssigneeThe Toronto-Dominion Bank
InventorsMilos DUNJIC, David Samuel TAX, Jonathan Joseph PRENDERGAST, Hitesh BAJAJ, Kenneth Tien Poh WONG
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AssigneeThe Toronto-Dominion Bank
InventorsMilos DUNJIC, David Samuel TAX, Jonathan Joseph PRENDERGAST, Hitesh BAJAJ, Kenneth Tien Poh WONG
Estimating the term…
Systems and methods for releasing a reserved data resource are provided. A system may receive a pre-authorization request from a second entity, the pre-authorization request defining a first account, a transaction amount, and a blockchain address to which cryptocurrency may be sent to release a reserved data resource. The system may verify that the first account defines at least an amount of first data resources equal to the transaction amount. The system may further verify that a second account defines at least a first amount of cryptocurrency having a value that is equal to the transaction amount, the second account being associated with the first account. The system may reserve a first portion of the first data resources, the first portion of the first data resources being equal to the transaction amount, and send a response to the pre-authorization request, the response including an approval message.
A computer system comprising:
A computer system comprising:
Dependencies are inferred from the claim text.