Debt recordation to blockchains
Accounts receivables, accounts payables, and other debt instruments are registered to blocks of data in a blockchain. The blockchain may then be dispersed to subscribers for inspection. Any subscriber may inspect the blockchain, evaluate the debt instruments registered to the blockchain, and conduct automated, electronic purchases of any debt instruments. Smart, digital contracts executed by the blockchain may automate purchase of the debt instruments.
1. A method performed by a server that executes a digital contract, comprising:
receiving, by the server, a blockchain specifying an authentication credential generated by an accounting software application, the authentication credential associated with an account receivable registered to the blockchain;
authenticating, by the server, to the accounting software application using the authentication credential specified by the blockchain;
in the response to the authenticating to the accounting software application using the authentication credential specified by the blockchain, retrieving, by the server, an accounting report of the account receivable; and
executing, by the server, the digital contract based on the accounting report of the account receivable.
2. The method of claim 1 , further comprising identifying a hash value specified by the blockchain that identifies a debtor associated with the account receivable.
3. The method of claim 1 , further comprising identifying a hash value specified by the blockchain that identifies a supplier associated with the account receivable.
4. The method of claim 1 , further comprising encrypting the accounting report using a cryptographic key that is unique to a debtor associated with the account receivable.
5. The method of claim 1 , further comprising encrypting the accounting report using a cryptographic key that is unique to a supplier associated with the account receivable.
6. The method of claim 1 , further comprising encrypting the accounting report using a cryptographic key that is unique to the accounting software application.
7. The method of claim 1 , further comprising identifying an invoice specified by the blockchain that is associated with the account receivable.
8. A system, comprising:
a hardware processor; and
a memory device, the memory device storing instructions that when executed by the hardware processor perform operations, the operations comprising:
receiving a blockchain via the Internet, the blockchain specifying an authentication credential generated by an accounting software application, the authentication credential uniquely associated with an account receivable registered to the blockchain;
authenticating to the accounting software application via the Internet using the authentication credential specified by the blockchain;
in the response to the authenticating to the accounting software application using the authentication credential specified by the blockchain, retrieving an accounting report of the account receivable via the Internet; and
executing a digital contract specified by the blockchain based on the accounting report of the account receivable.
9. The system of claim 8 , wherein the operations further comprise identifying a hash value specified by the blockchain that identifies a debtor associated with the account receivable.
10. The system of claim 8 , wherein the operations further comprise identifying a hash value specified by the blockchain that identifies a supplier associated with the account receivable.
11. The system of claim 8 , wherein the operations further comprise encrypting the accounting report of the account receivable using a cryptographic key that is unique to a debtor associated with the account receivable.
12. The system of claim 8 , wherein the operations further comprise encrypting the accounting report of the account receivable using a cryptographic key that is unique to a supplier associated with the account receivable.
13. The system of claim 8 , wherein the operations further comprise encrypting the accounting report of the account receivable using a cryptographic key that is unique to the accounting software application.
14. The system of claim 8 , wherein the operations further comprise identifying an invoice specified by the blockchain that is associated with the account receivable.
15. A memory device storing instructions that when executed by a hardware processor perform operations, the operations comprising:
receiving a blockchain via the Internet, the blockchain specifying an authentication credential uniquely generated by an accounting software application for accessing an accounting report associated with an account receivable registered to the blockchain;
authenticating via the Internet to the accounting software application using the authentication credential specified by the blockchain;
in the response to the authenticating to the accounting software application using the authentication credential specified by the blockchain retrieving via the Internet the accounting report of the account receivable; and
executing a digital contract specified by the blockchain based on the accounting report of the account receivable.
16. The memory device of claim 15 , wherein the operations further comprise identifying a hash value specified by the blockchain that identifies a debtor associated with the account receivable.
17. The memory device of claim 15 , wherein the operations further comprise identifying a hash value specified by the blockchain that identifies a supplier associated with the account receivable.
18. The memory device of claim 15 , wherein the operations further comprise encrypting the report of the account receivable using a cryptographic key that is unique to a debtor associated with the account receivable.
19. The memory device of claim 15 , wherein the operations further comprise encrypting the report of the account receivable using a cryptographic key that is unique to a supplier associated with the account receivable.
20. The memory device of claim 15 , wherein the operations further comprise encrypting the report of the account receivable using a cryptographic key that is unique to the accounting software application.