Patent ID: 11861610
Assignee: PAYPAL, INC.
Field: Digital communication (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 15:
16. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:
receiving a request to process a transaction on a public ledger;
accessing a verified user static key stored on the public ledger and associated with user identification information that was used in previous transactions and stored in a database, wherein the verified user static key has been verified by verifying the user identification information and public ledger addresses of the public ledger used in the previous transactions;
performing a regulation verification process comprising:
accessing a user account provided in the user identification information; and
determining a risk of a user associated with the user account failing the transaction based on transactional records associated with the user account;

verifying, based on the performing, the user;
determining that the risk passes a threshold set in the regulation verification process;
obtaining a result of performing the regulation verification process based on the risk, wherein the result of performing the regulation verification process is obtained is based in part on the user identification information and the verified user static key on the public ledger;
based on the risk, processing the transaction;
associating the result of performing the regulation verification process with the verified user static key;
storing the result of performing the regulation verification process in the database; and
discarding the user identification information from the database.