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

Claim 8:
9. A method comprising:
determining, a risk associated with a transaction request received by performing a regulation verification process to verify a user associated with the transaction request, wherein performing the regulation verification process comprises:
accessing a user account with user identification information that was used in previous transactions and stored in a database to determine a risk of the user failing the transaction request based on transactional records associated with the user account; and
in response to the determining, obtaining a result of performing the regulation verification process based in part on the user identification information and a verified user static key stored on a public ledger and associated with the user identification information, 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 a plurality of transactions on a public ledger;

in response to determining the risk associated with the transaction request, transmitting a risk score to a service provider;
presenting an insurance associated with the transaction request;
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.