Transaction Block Verification for Immediate Fund Clearance

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Solution Overview

Problem

Current interbank electronic funds transfers often experience delays in fund clearance, and beneficiaries may face fraud risks without immediate verification and secure audit trails.

Innovation Solution

A centralized transaction encryption system using a slave server and central server to generate and validate transaction blocks with embedded encryption codes, ensuring real-time verification and secure fund clearance.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Speed

If immediate clearance is provided to beneficiaries, then fund transfer speed is improved, but transaction verification security deteriorates

Engineering Contradiction:

Improvefund transfer speedVSAvoidtransaction verification security

Core Design Contradiction:

SpeedVSReliability

Solution Approach 1:

The system performs preliminary verification actions by generating and validating transaction blocks with encryption codes before funds are transferred. The slave server creates transaction blocks containing beneficiary verification data, and the central server validates these blocks against the blockchain ledger in advance, ensuring security checks are completed before immediate fund clearance.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent introduces an intermediary verification layer between the payer and beneficiary using a centralized transaction encryption system with slave and central servers. This intermediary system generates transaction blocks, validates them against the blockchain, and provides cryptographic proof of verification, enabling fast fund transfer while maintaining security through the intermediary validation process.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If traditional verification processes are used, then transaction security is improved, but processing time increases

Engineering Contradiction:

Improvetransaction verification securityVSAvoidprocessing time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The system performs verification actions in advance by generating transaction blocks with embedded encryption codes and validating them against the blockchain ledger before fund transfer. This preliminary validation ensures security requirements are met upfront, eliminating the need for time-consuming post-transfer verification processes.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent replaces traditional mechanical verification processes with cryptographic validation. Instead of manual or sequential verification steps, the system uses blockchain-based cryptographic proof mechanisms where transaction blocks are validated through hash functions and digital signatures, dramatically reducing processing time while maintaining or enhancing security.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

3Object-affected harmful factors

If encryption validation is performed for each data packet, then fraud detection capability is improved, but system complexity increases

Engineering Contradiction:

Improvefraud detection capabilityVSAvoidsystem complexity

Core Design Contradiction:

Object-affected harmful factorsVSDevice complexity

Solution Approach 1:

The centralized transaction encryption system performs multiple functions through a unified architecture. The slave server generates transaction blocks, the central server validates them against the blockchain, and the system simultaneously provides fraud detection, encryption, and verification services. This multi-functional approach consolidates complexity into a single system rather than requiring separate mechanisms for each security function.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The patent introduces an intermediary centralized encryption system that manages the complexity of fraud detection and validation. This intermediary layer handles the cryptographic operations and blockchain interactions, shielding the user interface from complexity while providing robust fraud detection through standardized validation processes.

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS12511628B2Transaction system and method

Publication Date: 2025.12.30 HONEYWELL SEAN WILLIAM

AI summary

The invention relates to methods of processing financial transactions in a centralised system including slave and central servers. The method comprises generating, by the slave server, a first transaction block associated with a validated first data packet including data collected from a user device initiating a transaction session. After generation of the first transaction block, the method comprises generating, by the slave server, a transaction block associated with each data packet subsequently collected between either the user device and a central server or between the central server and the slave server, with the proviso that each time a data packet is collected, the data packet is validated against data in at least one of the first transaction block and a predecessor transaction block that is in a chain of transaction blocks associated with the first transaction block. The invention extends to an associated transaction system.