SYSTEM AND METHODS FOR PREVENTING REVERSE TRANSACTIONS IN A DISTRIBUTED ENVIRONMENT

SYSTEM AND METHODS FOR PREVENTING REVERSE TRANSACTIONS IN A DISTRIBUTED ENVIRONMENT

Systems and methods for preventing invalid reverse transactions in a distributed environment is provided in which a first block is added to a first cryptographically verifiable ledger containing a transaction identifier and an executable program for preventing a reversal of a transaction. A second b...

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Bibliographische Detailangaben
Hauptverfasser: High, Donald Ray, O'Brien, John Jeremiah, Cantrell, Robert, McHale, Brian Gerard, Mattingly, Todd Davenport, Wilkinson, Bruce W, Rao, Vinay, Ganesan, Dhivya
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Zusammenfassung:Systems and methods for preventing invalid reverse transactions in a distributed environment is provided in which a first block is added to a first cryptographically verifiable ledger containing a transaction identifier and an executable program for preventing a reversal of a transaction. A second block is added to a second unencrypted ledger and contains a flag indicating that the transaction identifier is invalid and a reference to the first block. A notification that the transaction associated with the transaction identifier is being reversed can be received and execution of the executable program for preventing a reversal of the transaction can be triggered. In response to execution of the executable program, the reversal of the transaction associated with the transaction identifier is prevented.