Patent ID: 11928673
Assignee: INTERCONTINENTAL EXCHANGE HOLDINGS, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 0:
1. A method for verifying a blockchain transaction, the method comprising:
receiving, by a verification network, a proposed blockchain transaction generated by at least one payer computing device, the verification network comprising a computing system having a processor and a memory storing programming instructions;
incorporating, by the verification network, situational detail data to the proposed blockchain transaction, the situational detail data comprising one or more of transaction information, geolocation data, and merchant data;
broadcasting, by the verification network, a verification request for the proposed blockchain transaction to one or more verification computing systems, said verification request including the situational detail data;
analyzing, by the one or more verification computing systems, the situational detail data to determine a likelihood of fraud associated with the proposed blockchain transaction;
perfecting, by the one or more verification computing systems, the proposed blockchain transaction to create a perfected blockchain transaction; and
broadcasting, by the one or more verification computing systems, the perfected blockchain transaction directly to a blockchain network,
wherein the method further comprises reversing, by the one or more verification computing systems, the perfected blockchain transaction responsive to determining that the proposed blockchain transaction is fraudulent.