HIERARCHICAL DETERMINISTIC RECONCILIATION OF PROCEDURES ON DISTRIBUTED LEDGER NETWORK

Abstract

A procedure and address data store contains electronic records, and each master data record contains a pre-shared master address for a procedure originator. A procedure responder verifies a pre-shared master address associated with an originator. The master address is the root node of the destination addresses in a hierarchical tree of destination addresses. Each child address is derived from a parent address using a record identifier (e.g., an invoice or payment reference) and a cryptographic key derivation algorithm. The responder receives, from the originator, a procedure record including a record identifier associated with a procedure. The responder then predicts the destination address based on the pre-shared master address associated with the originator, the record identifier, and the algorithm. It is then arranged for the responder to complete the procedure with the originator via the predicted destination address, and information about the completed procedure is stored in a distributed ledger.

CPC Classifications