SYSTEM AND METHOD OF BLOCKCHAIN TRANSACTION VERIFICATION

SYSTEM AND METHOD OF BLOCKCHAIN TRANSACTION VERIFICATION

Disclosed are systems and methods for verifying a blockchain transaction using multiple digital signatures. A method comprises generating, by a user device, a data structure associated with a first user account from which assets are drawn and output to a second user account. The method comprises gen...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Raevsky, Alexey, Lyadvinsky, Max
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Disclosed are systems and methods for verifying a blockchain transaction using multiple digital signatures. A method comprises generating, by a user device, a data structure associated with a first user account from which assets are drawn and output to a second user account. The method comprises generating, by the user device, a first digital signature based on the data structure using a first private encryption key stored at the user device, and transmitting, by the user device, a verification indication comprised of a one-time password to a service provider. In response to transmitting the verification indication, the method comprises receiving a second digital signature generated by the service provider based on the data structure using a second private encryption key. The method comprises transmitting, by the user device to a blockchain network for verification, the data structure that includes the first digital signature and the second digital signature.