Patent ID: 11966914
Assignee: BANK OF AMERICA CORPORATION
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 6:
7. A computer program product for processing a real-time resource transfer using distributed ledger technology, the computer program product comprising at least one non-transitory computer readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising executable portions for:
receiving a resource transfer request from a user device to transfer an amount of resources from a first user to a second user;
generating a pending data record on a blockchain comprising a plurality of data records, wherein the pending data record comprises the resource transfer request;
receiving a first validation of the pending data record, wherein the first validation comprises: 1) verification that a first unique identifier associated with the first user is associated with a first user account associated with the first user, and 2) verification that the first user account comprises sufficient resources for the resource transfer request;
receiving a second validation of the pending data record, wherein the second validation comprises verification that a second unique identifier associated with the second user is associated with a second user account associated with the second user;
converting the pending data record to a permanent data record;
appending the permanent data record to the blockchain; and
transferring, in real-time, the resources from the first user to the second user.