Bank of America Corporation
RESOURCE EXCHANGE VERIFICATION PROCESSING SYSTEM

Abstract:

Embodiments of the invention are directed to systems, methods, and computer program products for resource exchange verification. The system integrates with third party exchange sites and third party resource distribution networks to control processing and transferring of products digitally. In this way, the system verify that the seller owns the products via conformation communications with a product vendor, creating a proof of ownership network. Smart contract networks are generated allowing escrow of the product and not allow resources to be released until product verification. Furthermore, using information from the third party exchange site and the digital resource distribution network, the system identifies the user and tailors the experience associated with the product to the new product owner.