Multi-Stage Transaction Verification for Resource Conservation
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Solution Overview
Problem
The inefficiency in verifying transactions prior to processing, leading to unnecessary resource expenditure when transactions fail to satisfy verification qualifications, especially when multiple parties are involved and verification is deferred until late in the process.
Innovation Solution
A multi-stage verification process that performs two sets of verification checks at different stages of order processing, allowing for early identification of failures and halting further processing to conserve resources, with the first set checking initial data elements and the second set including additional checks on the claim submitted for adjudication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If verification is deferred until towards the end of transaction processing, then the transaction can be as complete as possible prior to verification, but resources are wasted if the transaction fails verification after substantial processing has occurred
Solution Approach 1:
The verification process is divided into multiple stages: initial verification checks are performed early in the processing workflow, followed by additional verification checks at intermediate stages, and final verification checks near the end. This segmentation allows the system to catch verification failures at appropriate points without requiring all processing to be complete, thereby preventing waste of resources on transactions that will ultimately fail verification.
Solution Approach 2:
Verification checks are performed preliminarily at the beginning of the transaction processing workflow, before substantial processing resources are committed. This preliminary verification action identifies transactions that will fail verification early in the process, preventing unnecessary resource expenditure on downstream processing of invalid transactions.
2Loss of energy
If verification is performed early in the process, then resources are conserved if the transaction fails verification, but the transaction cannot be as complete as possible prior to verification
Solution Approach 1:
The verification process is segmented into multiple stages with increasing completeness: initial verification checks examine basic transaction validity, intermediate verification checks examine additional data elements as they become available, and final verification checks perform comprehensive validation. This segmented approach balances resource conservation with verification completeness by performing appropriate verification checks at each processing stage.
3Productivity
If multiple parties process the transaction before verification, then the transaction can be fully processed, but all parties expend resources unnecessarily if verification fails
Solution Approach 1:
Verification checks are performed as a preliminary action before the transaction is forwarded to multiple processing parties. This preliminary verification ensures that only transactions meeting verification requirements are distributed to multiple parties for processing, preventing wasteful expenditure of computing resources by all parties on transactions that would ultimately fail verification.
Solution Approach 2:
The verification system provides feedback to the transaction routing mechanism, allowing the system to direct transactions to appropriate processing parties based on verification results. This feedback mechanism ensures that transactions passing verification are efficiently routed to multiple parties for processing, while transactions failing verification are rejected before multi-party processing occurs.
Data Source
AI summary
A method, apparatus and computer program product efficiently verify a transaction, such as an order, in accordance with a multi-stage verification process. In a method, data is extracted from an order submitted pursuant to a program having a plurality of verification qualifications. The method performs a first set of verification checks and, in an instance in which the first set of verification checks is satisfied, the method modifies the order to include a first indication of satisfaction of the first set of verification checks. The method also extracts data from a claim that is based upon the order. The claim includes the first indication that the first set of verification checks was satisfied. The method also performs a second set of verification checks based upon the data extracted from the claim and, in an instance in which the second set of verification checks is satisfied, the method submits the claim via an adjudication network for adjudication.