Patent ID: 11367148

Abstract:
A producer may supply amounts xi of a good to a plurality of consumers Ci in a series of transactions and be subject to a mass balancing verification protocol after every K transactions. A producer platform may compute K random shares (r1 through rK) of a random value r, publish blinded amounts ti representing xi+ri to a secure, distributed transaction ledger, and transmit an encrypted ri to consumer Ci using an asymmetric cryptosystem. A consumer platform may receive and decrypt ri (while the consumer Ci actually receives an amount {circumflex over (x)}i of the good from the producer), compute {circumflex over (x)}i+ri and generate a fraud alert signal if it differs from the published ti. The consumer platform may also transmit an encrypted rolling sum value to a next consumer Ci+1. A verifier platform may, after K transactions, execute the mass balance verification protocol to determine a total amount of the good that the producer had collectively supplied to the consumers Ci. The verifier platform may also generate a fraud alert signal when appropriate based on the total amount and a maximum allowed amount.