BLOCKCHAIN ASSISTED ASSET PEDIGREE TRACEBACK
A trace history generation method includes receiving from an originating participant in a custody chain of transactions of an asset, by an intermediate participant, a trace history request for the asset. The request has an identification of an owner, data identifying the asset and a parent transacti...
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creator | Dahod, Shabbir M Sturim, Robert Deus, Lucia Narayan, Vivek Madhu Sudan Badri |
description | A trace history generation method includes receiving from an originating participant in a custody chain of transactions of an asset, by an intermediate participant, a trace history request for the asset. The request has an identification of an owner, data identifying the asset and a parent transaction identification in association with another of the participants, and a hash of the data. Thereafter, an identifier is assigned for the request and the request verified by interrogating a blockchain with the hash. Upon verification, a trace history document is generated including the data identifying the asset, an identifier of the intermediate participant, and a disposition of the asset including an identifier of a next nearest participant. A hash is computed for the trace history and a blockchain transaction performed recording and storing the hash in connection with the assigned identifier. Finally, the document is transmitted to the originating participant. |
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subjects | CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC COMMUNICATION TECHNIQUE ELECTRIC DIGITAL DATA PROCESSING 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 |
title | BLOCKCHAIN ASSISTED ASSET PEDIGREE TRACEBACK |
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