DISTRIBUTED LEDGER SYSTEM FOR STANDBY GUARANTEE RESOURCES

Embodiments of the invention are directed to a system, method, or computer program product for block chain based distributed ledger system for standby guarantee resource applications, submissions, and approvals for party visualization. In this way, the invention provides automation of standby guaran...

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Bibliographische Detailangaben
Hauptverfasser: Prudden, Elizabeth Anne, Zanzot, Mark D, Banerjee, Nirmalya, McCormick, Ann Elizabeth Flaherty, McGinness, David James, Tooker, Robin Elizabeth, Zeglen, Colin, Shamarao, Deepak Mysore
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:Embodiments of the invention are directed to a system, method, or computer program product for block chain based distributed ledger system for standby guarantee resource applications, submissions, and approvals for party visualization. In this way, the invention provides automation of standby guarantee resource utilizing block chain distributed ledger technology to provide full transactional transparency to all parties, enforcement of configurable rules terms, enforcement of contractual terms, routing expedition, data integration, and authentication.