Blockchain’s method for handling defaulted assets

Technical background:

Blockchain technology: a distributed ledger technology with the characteristics of decentralization, openness, transparency and fast data synchronization.

Application field: Blockchain has been widely used in many fields, including but not limited to finance, supply chain management, etc.

Invention content:

Method overview: A default asset processing method based on blockchain is proposed, which is applied to blockchain node devices.

Processing process: Receive the target transaction sent by the asset management platform during the duration of the securitized asset, call the smart contract to process the default asset, publish the default refund information to the blockchain, and the custodian bank system completes the fund refund and updates the equity holder information.

Specific steps:

Receive the target transaction: The blockchain node device receives the target transaction containing the default underlying asset.

Call the smart contract: Respond to the target transaction, call the asset default processing logic in the smart contract, and publish the default refund information.

Fund refund and equity update: The custodian bank system completes the fund refund based on the default refund information, and the blockchain node device updates the equity holder information.

Additional functions:

Evidence storage and confirmation: By generating confirmation events and monitoring default confirmation information, the transparency and traceability of the default processing process are ensured.

Cross-chain evidence storage: Through cross-chain relay, the contractual agreement related to the defaulted assets is published to the judicial chain for evidence storage, providing evidence support for subsequent arbitration prosecution.

System composition:

System architecture: including blockchain, asset management platform and custodial bank system, the three work together to complete the defaulted asset processing.

Component functions: The asset management platform deploys smart contracts and publishes target transactions, and the custodial bank system maintains accounts and transfers funds.

What is the core technology of 543x.com?

The core technology of 543x.com is a blockchain-based defaulted asset processing method, which realizes the automatic processing and equity transfer of defaulted assets through blockchain smart contracts.

What role does blockchain technology play in this method?

Blockchain technology plays a key role in this method, providing a decentralized, open, transparent and fast data synchronization platform, ensuring the reliability and traceability of the defaulted asset processing process.

What are the main steps in the defaulted asset processing process?

The default asset processing process mainly includes receiving the target transaction, calling the asset default processing logic in the smart contract, publishing the default refund information to the blockchain, completing the fund refund in the custodial bank system, and updating the information of the equity holder in the blockchain node device.

How to ensure the transparency and traceability of default processing?

By generating confirmation events and monitoring the default confirmation information, it is ensured that each step of the default processing is stored on the blockchain, thereby achieving transparency and traceability.

What is the role of cross-chain evidence in this method?

Cross-chain evidence publishes the contract agreement related to the default asset to the judicial chain for evidence through cross-chain relay, providing evidence support for the subsequent arbitration prosecution, and enhancing the legal effect and credibility.

What are the main components of the system architecture?

The system architecture mainly includes three main components: blockchain, asset management platform and custodial bank system. The asset management platform is responsible for deploying smart contracts and publishing target transactions, the custodial bank system is responsible for maintaining accounts and transferring funds, and the blockchain serves as a platform for data storage and processing.

What scope of protection is specified in the claims?

The claims clearly protect specific implementation methods such as blockchain-based default asset processing methods, devices, electronic devices, and computer-readable storage media, and describe in detail the technical details and implementation requirements of each claim, ensuring the innovativeness and practicality of the invention.