Invention Grant
- Patent Title: System for validated tracking of events associated with equipment during a resource arrangement
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Application No.: US16831335Application Date: 2020-03-26
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Publication No.: US11367045B2Publication Date: 2022-06-21
- Inventor: Christine Meloro Hill , Manu Jacob Kurian , Lalit Dhawan , Robert N. Gridley , G. Alister Bazaz
- Applicant: BANK OF AMERICA CORPORATION
- Applicant Address: US NC Charlotte
- Assignee: BANK OF AMERICA CORPORATION
- Current Assignee: BANK OF AMERICA CORPORATION
- Current Assignee Address: US NC Charlotte
- Agency: Moore & Van Allen PLLC
- Agent James C. Edwards
- Main IPC: G06Q10/08
- IPC: G06Q10/08 ; G06F16/27 ; G06Q40/08

Abstract:
Validated tracking of events associated with equipment during the course of a resource arrangement. The events include location-changing events, which provide for a physical change in location of the equipment. The verified tracking of the events is provided by a distributed trust computing network, which through convergence by one or more decentralized nodes provides for authenticating/validating data stored within distributed registers/ledgers. Specific to the invention, once a location-changing event is determined/detected, the location-changing event is registered in the distributed trust computing network by creating and validating a data block within a distributed register/ledger that includes information pertaining to the location-changing event. In this regard, the existence of the data block within the distributed register/leger serves as a verified source of truth of the occurrence of the location-change event, which is capable of identifying the verified current location of the equipment at any point in time.
Public/Granted literature
- US20210304119A1 SYSTEM FOR VALIDATED TRACKING OF EVENTS ASSOCIATED WITH EQUIPMENT DURING A RESOURCE ARRANGEMENT Public/Granted day:2021-09-30
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