Multi-signature verification network
Systems and methods for authorizing a blockchain transaction. A verification network receives a transaction request for the blockchain transaction from a payer device including a first signature generated by a first private key associated with a payer. The verification network broadcasts a verification request to verification system(s) which assess pre-agreed threshold parameters. If the parameter(s) are satisfied, at least one verification system perfects the transaction by generating a second signature using a second private key, and broadcasts the transaction to the blockchain network. If the parameter(s) are not satisfied, verification offer(s) from among the verification system(s) including the second signature(s) are used to prompt the payer device to confirm the blockchain transaction by selecting at least one of the offer(s). The verification network receives selected offer(s) from the payer device and broadcasts the transaction to the blockchain network, in accordance with the selected offer(s) and the transaction request.
1 . A system comprising:
one or more verification computing systems; and
a verification network comprising a computing system having a processor and a memory storing programming instructions, the verification network configured to:
receive a proposed blockchain transaction generated by at least one payer device, and
broadcast a verification request for the proposed blockchain transaction to the one or more verification computing systems, the verification request including one or more situational detail parameters associated with the proposed blockchain transaction,
the one or more verification computing systems configured to determine whether the proposed blockchain transaction includes one or more pre-agreed threshold parameters, responsive to the verification request,
when the proposed blockchain transaction includes the one or more pre-agreed threshold parameters, the one or more verification computing systems are configured to:
directly perfect the proposed blockchain transaction to create a perfected blockchain transaction, and
broadcast the perfected blockchain transaction directly to a blockchain network, and
when the proposed blockchain transaction fails to include the one or more pre-agreed threshold parameters:
the one or more verification computing systems are configured to perfect the proposed blockchain transaction via prompting authorization from the at least one payer device, the prompting comprising generating and transmitting one or more verification offers to the at least one payer device,
responsive to receiving the one or more verification offers, the at least one payer device is configured to transmit a selection of at least one offer from among the one or more verification offers to the verification network, the selection indicating the authorization of the proposed blockchain transaction, and
the verification network is configured to broadcast the perfected blockchain transaction to the blockchain network, responsive to receiving said selection indicating the authorization from the at least one payer device.
2 . The system of claim 1 , wherein the proposed blockchain transaction comprises a first signature that is generated using a first private key.
3 . The system of claim 2 , wherein the first private key is generated and maintained by the at least one payer device.
4 . The system of claim 3 , wherein the perfecting of the proposed blockchain transaction comprises generating one or more additional signatures using a second private key.
5 . The system of claim 4 , wherein the second private key is generated and maintained by the one or more verification computing systems.
6 . The system of claim 1 , wherein the at least one payer device is configured to display the one or more verification offers via a graphical user interface of the at least one payer device.
7 . The system of claim 1 , wherein the one or more verification computing systems are configured to generate the one or more verification offers based on a risk analysis of the proposed blockchain transaction.
8 . The system of claim 7 , wherein the one or more verification offers comprise one or more of an indication of a transaction risk based on the risk analysis, a verification charge based on the risk analysis, and a surge charge based on a volume of verifications requests received by the one or more verification computing systems.
9 . The system of claim 7 , wherein the one or more verification computing systems are configured to assess a risk associated with verifying the proposed blockchain transaction.
10 . The system of claim 9 , wherein the risk is based on one or more of a location of the at least one payer device, a transaction amount, a frequency of transactions between a payer associated with the at least one payer device and a payee, an identity of the payee, a time of the proposed blockchain transaction, and a purchase history of the payer.
11 . The system of claim 1 , wherein the verification network further comprises an account handler, a transaction agent, a verification agent, and a database, wherein:
the account handler is configured to generate one or more key pairs, each key pair comprising a public key and a private key, and each key pair associated with a particular user, and to store said one or more key pairs in the database,
the transaction agent is configured to perform one or more of:
broadcasting the verification request to the one or more verification computing systems,
recording the perfected blockchain transaction in the database, and
broadcasting the perfected blockchain transaction to the blockchain network, and
the verification agent is configured to verify at least one of a first signature and one or more additional signatures.
12 . The system of claim 11 , wherein:
the account handler is configured to grant access to at least one private key among the one or more key pairs to the one or more verification computing systems, and
the one or more verification computing systems are configured to generate one or more additional signatures using said at least one private key.
13 . The system of claim 1 , wherein the proposed blockchain transaction comprises one or more of a public key associated with the at least one payer device, payee address information associated with a payee, a public key associated with the payee, a transaction amount and a specification of two or more additional signatures to perfect the proposed blockchain transaction.
14 . The system of claim 1 , wherein the one or more verification computing systems are configured to:
prompt the at least one payer device to authenticate with the one or more verification computing systems,
confirm an identity of a payer associated with the at least one payer device, and
verify that an account associated with the payer includes a transaction amount.
15 . The system of claim 1 , wherein the verification network is configured to incorporate the one or more situational detail parameters into the proposed blockchain transaction.
16 . The system of claim 1 , wherein the one or more situational detail parameters comprise one or more of transaction information, geolocation data, and merchant data.
17 . The system of claim 16 , wherein the transaction information comprises one or more of a time and a value, and the merchant data comprises merchant statistics data.
18 . The system of claim 1 , wherein the one or more verification computing systems are configured to analyze the one or more situational detail parameters in the verification request to determine a likelihood of fraud associated with the proposed blockchain transaction.
19 . The system of claim 18 , wherein the one or more verification computing systems are configured to perfect the proposed blockchain transaction responsive to said analyzing of the one or more situational detail parameters and said determining of whether the proposed blockchain transaction includes the one or more pre-agreed threshold parameters.
20 . The system of claim 18 , wherein the one or more verification computing systems are configured to reverse the perfected blockchain transaction responsive to determining that the proposed blockchain transaction is fraudulent.