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Block-chain-based financial product transaction consensus method, node and system

A financial product, blockchain technology, applied in the payment system, payment system structure, instruments and other directions, can solve the problems of not meeting the investment needs of users' financial products, not realizing the connection of banking business, increasing the cost of system construction, etc. The effect of point dependence, reducing circulation costs, flexible configuration and delivery

Active Publication Date: 2018-07-06
INDUSTRIAL AND COMMERCIAL BANK OF CHINA
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  • Claims
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AI Technical Summary

Problems solved by technology

[0005] Again, the system reliability is poor
The value transfer between banks relies on intermediary nodes of mutual trust to form a trust chain. If any node fails, it will lead to the re-establishment of transaction routing, and even make the transaction impossible
The extension of the transaction path increases the hidden dangers of failures and risks, and the business system has to build a backup system for transaction endorsement, which virtually increases the construction cost of the system
[0006] In addition, existing financial products have low flexibility
The release of financial products is limited by the product range and business rules of the issuer, which does not meet the investment needs of users for financial products; the information asymmetry among different business entities and the transaction costs are too high. Business docking with other parties

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  • Block-chain-based financial product transaction consensus method, node and system
  • Block-chain-based financial product transaction consensus method, node and system
  • Block-chain-based financial product transaction consensus method, node and system

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Embodiment Construction

[0064] The following will clearly and completely describe the technical solutions in the embodiments of the present invention with reference to the accompanying drawings in the embodiments of the present invention. Obviously, the described embodiments are only some, not all, embodiments of the present invention. Based on the embodiments of the present invention, all other embodiments obtained by persons of ordinary skill in the art without making creative efforts belong to the protection scope of the present invention.

[0065] figure 2 It is a schematic flow chart of the block chain-based financial product transaction consensus method provided by the embodiment of the present invention. Such as figure 2 As shown, the method roughly includes the following steps:

[0066] Step 21, the first verification node receives the transaction consensus application sent by the transaction node and decrypts it to obtain transaction information.

[0067] The transaction nodes mentioned...

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Abstract

The invention provides a block-chain-based financial product transaction consensus method, node and system. The method comprises: a first verification node receives a transaction consensus applicationsent by a transaction node and decrypts the transaction consensus application to obtain transaction information; the transaction certificate is verified by using a transaction certificate preset in the first verification node to determine whether transaction is legal or not; if so, the transaction information is logically verified by using a smart contract preset in the first verification node and whether the transaction logic is legal is determined; if so, the smart contract corresponding to the transaction information is executed, the transaction information is broadcasted to all second verification nodes in a built-in verification node list of the first verification node and a transaction consensus decision is initiated; voting information fed back by the second verification nodes within a preset verification cycle is received and whether the proportion of the consensus of the voting information exceeds a preset threshold is determined; and if so, a transaction consensus message issent to the transaction node.

Description

technical field [0001] The present invention relates to a banking financial product transaction system and method, in particular to a blockchain-based financial product transaction consensus method, node and system. Background technique [0002] With the development of financial business, especially the rise of Internet finance, traditional banks, financial institutions, third-party payment institutions, and emerging Internet financial companies are becoming more and more closely connected. More and more; the delivery of financial assets has also extended from transfers and remittances in the traditional sense to financial asset transactions such as account precious metals, futures, and bills of exchange. However, the traditional trust chain linked by credit intermediaries has problems such as high transaction costs, low execution efficiency, poor system reliability, and low product flexibility in the process of value transfer, which has become increasingly unsatisfactory fo...

Claims

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Application Information

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IPC IPC(8): G06Q20/38
CPCG06Q20/38215
Inventor 罗强孔兵万涛王舒榕刘彦平
Owner INDUSTRIAL AND COMMERCIAL BANK OF CHINA
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