Bank of America Corporation
NETWORK AUTHENTICATION FOR REAL-TIME INTERACTION USING PRE-AUTHORIZED DATA RECORD

Abstract:

Embodiments of the present invention provide a system operatively connected with a block chain distributed network and for using the block chain distributed network for facilitating network authentication for real-time interactions using pre-authorized data records. Embodiments receive, at a node of a block chain distributed network, an authentication record associated with a user of a data network; access a distributed ledger, wherein the distributed ledger is updated based on communications from the block chain distributed network; determine, from the distributed ledger, whether the authentication record includes effective authentication token; if so, authenticate the user using the authentication token; if not request credentials from the user; receive the credentials from the user; authenticate the credentials; and create an authenticated token based on the authenticated credentials; and record the authenticated token as an updated authentication record on the distributed ledger.