one
IDENTIFICATION AND AUTHORIZATION OF TRANSACTIONS VIA SMART CONTRACTS

Abstract:

Systems described herein may use the issuance and management of digital certificates and a revocation database to limit and monitor participation of parties to conduct transactions in a distributed network system. A compliance server system may validate entities and issue security certificates to entities to conduct transactions on a distributed network system. Once authorized, parties may conduct transactions using digital currencies via a distributed network system. Authorizations from all parties to a transaction may be required prior to executing the transaction. Compliance server systems may add previously issued certificates to a revocation database to prevent associated parties from executing transactions on the distributed network system. Parties may have their authorizations revoked based on regulatory requirements. Additionally, revoked parties may have their assets forfeited.