Royal Bank of Canada
SYSTEM AND METHOD FOR STORING CONTRACT DATA STRUCTURES ON PERMISSIONED DISTRIBUTED LEDGERS

Abstract:

A computer implemented method for maintaining a synchronized distributed ledger data structure across a plurality of computing nodes each configured to enforce a synchronization protocol for coordinating updates of the synchronized distributed ledger data structure to establish an inter-group reconciliation mechanism across one or more trusted entities having immutable transaction records stored in the form of blockchain data structures recording approvals from one or more parties corresponding to the plurality of computing nodes. In some aspects, regulator nodes are contemplated.