Patent ID: 11310044

Abstract:
Disclosed is system and method for authenticating secured file transactions. Hash of transaction is stored in distributed ledger. Unencrypted intent, encrypted intent of first agent module is generated. Unencrypted consent, encrypted consent of server arrangement is generated. Encrypted consent is communicated to the first agent module along with a location of second agent module. Encrypted consent, the unencrypted intent, the hash and the first agent key are communicated to the second agent module. Encrypted consent is communicated to server arrangement. Encrypted consent is validated by comparing encrypted consent received from second agent module with two newly generated encrypted consents at server arrangement. Two new encrypted intents are generated at second agent module based on validation of encrypted consent. Encrypted intent stored at server arrangement is validated by comparing encrypted intent with two newly generated encrypted intents to authenticate transaction. Distributed ledger may be implemented by a block chain.