Settlement method on block chain

A blockchain and solution technology, applied in the Internet field, can solve the problems of hidden risks, no central supervisor, and liquidation is not completely real-time, etc., to achieve the effect of improving transaction efficiency, improving efficiency, and simplifying the process

Active Publication Date: 2016-06-15
HANGZHOU FUZAMEI TECH CO LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0002] The existing Bitcoin blockchain technology, completely decentralized management, without a central regulator, is difficult to link with the legal currency issued by the country or the actual assets
[0003] The general trading funds of existing exchanges need to be liquidated after the market closes on the same day, and inter-bank liquidation is not completely real-time. All databases can still be tampered with by hackers, and the requirements for server security protection are particularly high. Although there is a multi-person verification system, But it can't prevent partners from tampering with data
[0004] User transactions involving signing contracts and stamping require a lot of labor costs, but it is still impossible to completely prevent contract fraud, and unsecured transactions also have hidden risks

Method used

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  • Settlement method on block chain

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0016] The following is attached figure 1 Explain the implementation steps of digital currency and digital asset transactions between users:

[0017] User 1 transfers funds to the bank account of the digital currency issuing acceptance point 2, and 2 will transfer the equivalent digital currency to user A's public key address 3.

[0018] User 5 transfers assets to 6's custody center, 6 will transfer equivalent digital assets to user B's public key address 7.

[0019] The 100 yuan in user A’s public key address 3 is signed by A’s private key and sent to user B’s public key address 7. At the same time, 10 shares of digital assets in user B’s public key address 7 are signed by B’s private key and sent to A’s public key address 3.

[0020] This embodiment illustrates user identity and authority management:

[0021] Through the blockchain voting or authorization system, some public keys can be authorized to manage the user's CA certificate center. These centers can verify the user's identi...

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PUM

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Abstract

The invention discloses a settlement method on a block chain. The method is characterized in that some public key addresses are authorized with the right to issue digital currencies or digital assets through a voting system on the block chain, and association can be achieved through CA certificates with relevant authorities; a user can convert cash into the digital currencies on the block chain in equivalent value, or entrust assets to an issuer to obtain the digital assets on the block chain in equivalent value; as long as both parties reach a transaction agreement, even without an intermediary, the digital currencies or the digital assets can be simultaneously transferred to a public key address of the other party after private key signing by one party in person on the block chain, so that the digital currencies and the digital assets can be settled without arrears.

Description

Technical field [0001] The invention relates to the field of Internet technology, in particular to the settlement of blockchain, encrypted digital currency, and encrypted digital assets. Background technique [0002] The existing Bitcoin blockchain technology is completely decentralized. Without a central regulator, it is difficult to associate with the state-issued legal currency or actual assets. [0003] The general transaction funds of the existing exchanges need to be cleared after the close of the day. The inter-bank clearing is not completely real-time. All databases can still be tampered with by hackers. The server security protection requirements are particularly high. Although there is a multi-person verification system, But it cannot prevent the partners from tampering with the data. [0004] User transactions involving contract signing and sealing require a lot of labor costs, but contract fraud still cannot be completely prevented, and unsecured transactions also invol...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): H04L29/06H04L9/32G06Q20/38G06Q20/36G06F21/62G06F21/33
CPCG06F21/33G06F21/6227G06Q20/36G06Q20/382H04L9/3263H04L63/0823
Inventor 王志文吴思进
Owner HANGZHOU FUZAMEI TECH CO LTD
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