Patent ID: 11948193
Assignee: nan
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 19:
20. A method for enforcing a smart contract on a blockchain-based network comprising one or more cryptographically-signed blocks, the method comprising:
receiving a cryptographically secure securities financing report including:
a lender identifier associated with a unique lender,
a borrower identifier associated with a unique borrower,
a security identification number associated with a unique security, traded on an exchange, being lent by the unique lender to the unique borrower, and
a collateral identifier associated with an amount of cash or collateral securities provided by the unique borrower to the unique lender,

wherein the lender identifier, the borrower identifier, the security identification number and the collateral identifier define a unique transaction,
a minimum collateral value threshold; and
a list of blockchains previously associated with previously identified security identification numbers

upon receiving securities financing report parsing the cryptographically secure securities financing report, comprising at least
comparing the security identification number received with security identification numbers on previously created blockchains to identify a matching blockchain,
if there is a matching blockchain generating and transmitting to the matching blockchain an update hash containing an updated timestamp, an updated lender identifier, updated borrower identifier, and an updated collateral identifier, and
if there is not a matching blockchain, generating a genesis block for a new blockchain, the genesis block containing a first timestamp, the unique transaction, and a unique proof associated with the unique transaction.