Consortium Blockchain Multi-Party Transaction Mediator

The patent introduces a payment network as an intermediary that handles multi-party transaction coordination. The payment network receives transaction requests from the point of sale, manages conditional credits from multiple parties, and coordinates fund transfers without requiring the point of sale to be materially altered. This mediator approach resolves the contradiction by centralizing the complexity in the payment network rather than at the point of sale device.

The patent segments the transaction processing into distinct functional components: the point of sale handles only the basic transaction initiation, while the payment network handles the complex multi-party coordination, conditional credit management, and fund distribution. This segmentation allows the point of sale to remain simple while still enabling sophisticated multi-party transactions through the specialized payment network infrastructure.

The patent enables third parties to self-register and self-manage their conditional credits through the payment network. Third parties can independently set up incentive programs, define credit conditions, and manage their participation without requiring the receiving party to configure or coordinate their involvement. This self-service approach eliminates the burden from the receiving party while maintaining versatile third-party incentive capabilities.

The payment network acts as an intermediary that manages all third-party coordination and setup processes. Instead of the receiving party having to handle third-party interactions directly, the payment network mediates between third parties, the receiving party, and the transaction system, handling all setup and coordination automatically through its platform.

The patent segments the processing of multiple fund sources into distinct functional modules within the payment network: transaction request processing, conditional credit verification, fund source identification, and coordinated transfer execution. Each module handles a specific aspect of the multi-source transaction, allowing parallel processing and improving overall transaction speed while managing complexity through modular architecture.

The payment network serves as an intermediary that consolidates and coordinates multiple fund sources through a single transaction interface. It receives one transaction request from the point of sale, automatically identifies and processes multiple fund sources (customer funds, conditional credits, third-party contributions), and coordinates their combined transfer. This mediator approach improves productivity by handling multiple fund sources in a single streamlined process while containing the processing complexity within the payment network's specialized infrastructure.