Bank of America Corporation
SYSTEM FOR GENERATING PLATFORM SPECIFIC PROTOCOLS FOR CONTROLLING CONDITIONAL RESOURCE DISTRIBUTION IN A DISTRIBUTED NETWORK ENVIRONMENT

Last updated:

Abstract:

A system is provided for generating protocols for conditional resource distribution. The system is configured to: insert a validator node to the distributed trust computing network, the validator node being configured to execute and, with the decentralized nodes, verify resource transfers stored on the distributed register, the validator node being further configured to generate protocols for monitoring and executing conditional resource transfers; receive a request for a conditional resource transfer between a first storage location and a second storage location, the conditional resource transfer defining a condition for triggering the conditional resource transfer; in response to receiving the request, generate, via the validator node, a protocol for monitoring and executing the conditional resource transfer; determine, via the validator node, that the condition has been completed; and in response to the condition having been completed, execute the conditional resource transfer.

Status:
Application
Type:

Utility

Filling date:

25 Feb 2020

Issue date:

26 Aug 2021