Stellar Bank Transaction Agent Parallel Processing
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Solution Overview
Problem
Existing systems for bank remittances fail to meet contemporary volume, speed, and real-time requirements, particularly in business-to-business transactions, and require multiple networks, increasing costs and inefficiencies.
Innovation Solution
The Stellar Banks External Transaction Agent (SBETA) system utilizes a mass service approach on the Stellar blockchain, allocating network service accounts for each bank to process inbound and outbound requests simultaneously, ensuring real-time transactions with improved productivity, reliability, and reduced costs by enabling parallel interactions and efficient data processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If existing blockchain-based systems like Ripple are used for bank remittance, then international transaction capability is provided, but banks need to pay for two different networks and productivity for B2B transactions is insufficient
Solution Approach 1:
The patent merges remittance and B2B transaction capabilities into a single blockchain network (Stellar), eliminating the need for separate networks. The SBETA system processes both types of transactions through unified account structures and a single distributed ledger, reducing network complexity while maintaining functionality.
Solution Approach 2:
The Stellar network is designed to serve multiple functions including both international remittance and B2B transactions through a universal platform. The system uses a common ledger and account model that can handle diverse transaction types, making the network versatile and eliminating the need for specialized separate networks.
2Speed
If sequential processing of transaction requests is used, then system resources are conserved, but real-time processing capability and speed are insufficient for intensive transaction environments
Solution Approach 1:
The patent segments the transaction processing system into multiple independent network service accounts, each capable of handling requests simultaneously. This segmentation allows parallel processing of transactions while maintaining resource management, enabling both high speed individual transactions and high throughput for mass payments.
Solution Approach 2:
The system maintains continuous transaction processing through multiple active service accounts that operate simultaneously without idle waiting periods. The parallel architecture ensures that processing capacity is continuously utilized across all accounts, maximizing throughput while maintaining real-time processing capability.
3Productivity
If traditional remittance systems are used, then existing infrastructure is leveraged, but volume and speed requirements for contemporary transactions are not met
Solution Approach 1:
The patent replaces traditional mechanical remittance systems with a blockchain-based digital ledger system. This substitution enables automated, programmatic transaction processing that can handle high volumes simultaneously without the sequential bottlenecks of traditional systems, dramatically increasing capacity while reducing completion time through parallel block validation.
Data Source
AI summary
Architecture and main solution of a computer software system, which provides banks transaction operations between each other on Stellar blockchain. Bank's blockchain solution allows efficient use of network to provide parallel services of international transactions with real time accepted requirements. Blockchain solution for banks greatly improves global banks connectivity.