Royal Bank of Canada
SYSTEM AND METHOD FOR CROSS-BORDER BLOCKCHAIN PLATFORM

Abstract:

An approach for coordinated transaction messaging using a cross-border blockchain platform is described in various embodiments. A blockchain backend data structure, stored across a set of distributed computing nodes provide better transparency of cross border payments and Nostro accounts as such payments are processed through the network of correspondent and beneficiary banks. Correspondents and beneficiary banks record key states of payments transactions and Nostro balance movements directly to the blockchain providing improved payment state transparency.