Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

Automatic transaction processing system and method based on block chain

An automatic transaction and processing system technology, applied in the field of digital assets, can solve problems such as the inability to meet diversified and convenient business needs, the lack of automated processing capabilities, and the lack of methods for automatically triggering execution of smart contracts, to meet automation requirements. Effectiveness of servicing demand, reducing delays or credit risk

Pending Publication Date: 2020-01-07
孟江华
View PDF4 Cites 13 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0005] (1) The existing blockchain can only trigger the execution of smart contracts by receiving instructions, and complete the simple operation of transferring digital assets on the chain, lacking a method for automatically triggering the execution of smart contracts;
[0006] (2) Lack of the ability to automatically process digital assets and digital currencies on the chain under business rules, unable to meet diversified and convenient business needs

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Automatic transaction processing system and method based on block chain
  • Automatic transaction processing system and method based on block chain
  • Automatic transaction processing system and method based on block chain

Examples

Experimental program
Comparison scheme
Effect test

Embodiment 2

[0045] Embodiment 2: Taking the example where the borrower pledges the assets on the chain to the lender and fails to repay the loan when it expires, the implementation process of the automatic transaction processing system based on the blockchain in Embodiment 1 is described.

[0046] The trigger condition verification queue of the automatic verification and trigger module records the smart contract corresponding to the trigger condition of pledged asset repayment. The trigger condition is that if the lender does not receive the repayment of the pledged asset from the borrower within the specified time, such as 30 days , the pledged assets will be paid off to the lender. Assuming that the trigger condition is triggered at 8 o'clock every day, the automatic verification and trigger module will judge whether the time to receive the trigger event is 8 o'clock after receiving the trigger event. If so, the smart contract execution layer module will execute the smart contract. Auto...

Embodiment 3

[0047] Embodiment 3: Taking the example that the lender has settled digital currency on the chain but has not received the pledged assets of the borrower, the realization process of the automatic transaction processing system based on the blockchain in Embodiment 1 is described.

[0048] The trigger condition verification queue of the automatic verification and trigger module records the smart contract corresponding to the trigger condition of payment fund refund. The digital currency paid is returned to the lender. Assuming that the trigger condition is triggered at 8 o'clock every day, the automatic verification and trigger module will judge whether the time to receive the trigger event is 8 o'clock after receiving the trigger event. If so, the smart contract execution layer module will execute the smart contract. Automatically verify whether payment funds return verification rules are met. If the lender does not receive the pledged assets from the borrower within 30 days, ...

Embodiment 4

[0051]Embodiment 4: The on-chain automatic transaction processing system of the embodiment of the present invention may also include: an asset application terminal system 102 . The asset application terminal system is the system software corresponding to the asset ledger system installed on the terminal device; users can download and install the asset application terminal system software from the asset custody system by accessing the asset custody system. The terminal device may be various electronic devices that have a display screen and support web browsing, such as a mobile phone, a tablet computer, a desktop computer, and the like.

[0052] In the embodiment, the asset application terminal system installed on the borrower's terminal device is called the borrower's asset application terminal system; the asset application terminal system installed on the lender's terminal device is called the lender's asset application terminal system. Borrowers and lenders can access the as...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

The invention discloses an automatic transaction processing system and method based on a block chain, and relates to the technical field of digital assets. One specific embodiment of the system comprises the following steps: after a trigger condition verification queue receives a trigger event corresponding to a trigger condition, performing automatic verification on a trigger rule corresponding to a smart contract registered in the trigger condition verification queue; under the condition that the triggering event meets the triggering rule, triggering the triggering event, calling a verification rule in the intelligent contract corresponding to the triggering rule, executing a corresponding asset processing operation according to a verification result so as to process the on-chain asset information and / or the digital currency information, completing asset transaction based on the intelligent contract, and generating new on-chain asset information and / or new digital currency information. According to the embodiment, automatic triggering execution of the intelligent contract is realized, and various complex online asset transaction scenes including online asset transfer, pledge financing and the like can be met.

Description

technical field [0001] The present invention relates to the technical field of digital assets, in particular to a blockchain-based automatic transaction processing system and method. Background technique [0002] At present, blockchain technology is developing rapidly. As a new decentralized computing paradigm, blockchain provides technical support for the operation of various digital assets on distributed networks. These digital assets run on the distributed network of the blockchain, do not rely on a specific third party or central party to keep accounts, but conduct global multi-node consensus accounting through shared ledgers, and achieve a technical guarantee through encryption algorithms security system. [0003] Smart contracts are distributed execution software with automation, enforcement, trustworthiness and security that run on the shared ledger of the blockchain. Developers will write contract codes for smart contracts, which are used for transactions between t...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/06G06Q20/36G06Q20/40G06Q40/04
CPCG06Q20/065G06Q20/405G06Q20/3674G06Q40/04
Inventor 孟江华
Owner 孟江华
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com