System and Method for Secure, Off-Chain Transactions

Abstract

A distributed processing system for transactions of digital assets includes autonomous agents that execute off-chain. Each agent has an encapsulation of state representing at least one digital asset and is configured to process transaction requests that modify the agent state. A proof aggregation layer prevents double spending of the digital assets. A consensus layer forms a decentralized trust anchor that maintains a blockchain and certifies state transitions of the proof aggregation layer. A sending agent issues a request to certify that a particular asset state has not been previously spent and if the proof aggregation layer returns a uniqueness attestation, a recipient agent can use it to verify both correctness of the transaction execution, and validity of the uniqueness attestation. Transaction execution may take place off-chain at the agents without reliance on global consensus or shared state among all network participants.

CPC Classifications