Bank of America Corporation
SYSTEM FOR TRACKING RESOURCES IN A DISTRIBUTED ENVIRONMENT

Abstract:

Systems, computer program products, and methods are described herein for identifying an entity associated with a genesis resource transfer in a block chain distributed environment by implementing a layered block architecture. The present invention is configured to receive an indication that a first entity has executed a first resource transfer with a second entity; generate a first block associated with the first resource transfer for a blockchain distributed ledger, wherein the first block comprises a cryptographic hash for the first resource transfer, and a cryptographic hash for the first entity as a resource transfer entity; display the first block associated with the first resource transfer for validation to validating nodes; electronically receive an indication that the first block has been validated based on logic and rules associated with the blockchain distributed ledger; determine that a consensus requirement has been met; and update the blockchain distributed ledger with the first block.