Infosys Limited
METHOD AND SYSTEM FOR DECENTRALIZED TRANSACTION MANAGEMENT IN PROJECT RESOURCING

Abstract:

A method and system for decentralized transaction management in project resourcing is provided that ensures transparent and decentralized tracking of data across all stakeholders. It also provides ease of compliance for organizations on one hand, and ease of monitoring for the administrators on the other. Multiple beneficiaries and benefactors are registered with a primary administrator. Each beneficiary has a list of projects listed. A benefactor identifies a project which he wants to resource. The benefactor virtually transfers a unit of resource to a secondary administrator, for the identified project and receives credit points in exchange of the units of resource. The benefactor approves transfers of credit points to the identified project of a beneficiary. The beneficiary redeems the required credit points with the resource units. The secondary administrator will also validate the resources received by the beneficiary in exchange for the credit points.