Invoice Processing System Using Blockchain and Mixed Reality

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Solution Overview

Problem

Current invoice processing protocols do not prioritize invoices based on a holistic review and lack a security framework to maintain confidentiality of sensitive invoice data.

Innovation Solution

A method using blockchain and mixed reality applications to analyze invoices, determine their validity, prioritize processing based on risk levels and transaction types, and ensure confidential data access through secure mixed reality interfaces.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If invoices are processed in the order they were received, then the processing sequence is simple and straightforward, but high-priority invoices may not be processed in a timely manner

Engineering Contradiction:

Improveinvoice processing efficiencyVSAvoidprocessing delay for high-priority invoices

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system performs preliminary analysis of invoices upon receipt, evaluating multiple criteria (customer priority, invoice amount, due date, broker risk level) before assigning processing priority. This advance assessment ensures that high-priority invoices are identified and routed to appropriate queues before actual processing begins, eliminating delays that would occur with simple first-come-first-served processing

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The processing system is segmented into multiple priority queues (e.g., high-priority, medium-priority, low-priority queues) based on invoice characteristics. Invoices are sorted into different queues according to their priority level, allowing the system to process critical invoices faster while maintaining organized workflow management across multiple concurrent processing streams

Inventive Principle:

Principle #1Segmentation

2Productivity

If invoice data is made accessible for processing, then processing efficiency improves, but data confidentiality and security are compromised

Engineering Contradiction:

Improveinvoice processing speedVSAvoiddata confidentiality

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The system applies different security and access control properties to different portions of invoice data based on sensitivity levels. Critical confidential information (e.g., customer PII, financial details) is encrypted and access-restricted, while non-sensitive data fields remain accessible for processing. This localized quality approach allows efficient processing of necessary data while maintaining security for sensitive portions

Inventive Principle:

Principle #3Local quality

Solution Approach 2:

The system introduces an intermediary security layer that mediates between data accessibility and confidentiality requirements. This intermediary mechanism uses role-based access controls, encryption protocols, and audit trails to allow processing personnel to access and process invoice data efficiently while automatically protecting confidential information through security policies and restricted access mechanisms

Inventive Principle:

Principle #24Intermediary (Mediator)

3Measurement precision

If comprehensive validation criteria are applied to analyze invoices, then processing accuracy improves, but the complexity of the processing system increases

Engineering Contradiction:

Improveinvoice validation accuracyVSAvoidprocessing system complexity

Core Design Contradiction:

Measurement precisionVSDevice complexity

Solution Approach 1:

The comprehensive validation process is segmented into multiple independent validation modules, each responsible for checking specific invoice aspects (data completeness, format compliance, duplicate detection, routing criteria). This modular segmentation allows the system to maintain high validation accuracy through thorough checking while managing complexity by organizing validations into discrete, manageable components that can be executed in sequence or parallel

Inventive Principle:

Principle #1Segmentation

Data Source

PatentUS12293392B2Intelligently managing invoice processing using blockchain and mixed reality applications

Publication Date: 2025.05.06 BANK OF AMERICA CORP

AI summary

Aspects of the disclosure relate to intelligently managing invoice processing using blockchain and mixed reality applications. The computing platform may receive invoices and may analyze the invoices to determine a priority order in which the invoices should be processed. The computing platform may use an auto-matching algorithm to identify errors within the invoice and to generate proposed solutions to fix the errors. The computing platform may transmit the invoice to an enterprise organization for modifications and may receive, from the enterprise organization, confidential data including a modified invoice. The computing platform may receive, from an entity associated with a transaction indicated on the invoice, a request to access the modified invoice using a mixed reality application. The computing platform may receive, from the entity and based on the entity's review of the modified invoice using the mixed reality application, approval to execute the modified invoice.