US 12,260,455 B2
Blockchain based loan securitization
David Duccini, St. Paul, MN (US); Phillip H. Griffin, Raleigh, NC (US); David Newman, Walnut Creek, CA (US); and Nishant Usapkar, San Ramon, CA (US)
Assigned to Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed by Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed on Jul. 13, 2023, as Appl. No. 18/221,477.
Application 18/221,477 is a continuation of application No. 17/384,471, filed on Jul. 23, 2021.
Application 17/384,471 is a continuation of application No. 15/948,346, filed on Apr. 9, 2018, granted, now 11,074,648.
Claims priority of provisional application 62/492,674, filed on May 1, 2017.
Prior Publication US 2023/0360120 A1, Nov. 9, 2023
Int. Cl. G06Q 40/03 (2023.01); H04L 9/06 (2006.01); H04L 9/32 (2006.01); H04L 9/40 (2022.01); H04L 67/104 (2022.01); H04L 67/30 (2022.01)
CPC G06Q 40/03 (2023.01) [H04L 9/0637 (2013.01); H04L 9/0643 (2013.01); H04L 9/3247 (2013.01); H04L 63/0807 (2013.01); H04L 63/0861 (2013.01); H04L 63/102 (2013.01); H04L 67/30 (2013.01); H04L 67/104 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for generating a securitized loan blockchain, comprising:
identifying, by a processor, at least one loan block of a loan blockchain that includes a financial profile link identifier object wherein the loan blockchain corresponds to at least one loan, the loan block and a dynamic financial profile linked with the financial profile link identifier object and corresponding to a borrower of the at least one loan, the dynamic financial profile maintaining up-to-date information about the borrower;
obtaining, by the processor, a security blockchain different from the loan blockchain, the security blockchain including at least a first security block, the first security block associated with a loan link identifier object that identifies the loan block of the loan blockchain;
monitoring, by the processor, the loan blockchain in real-time by interrogating the dynamic financial profile for information about the loan blockchain using a corresponding one of the loan link identifier object and the financial profile link identifier object;
validating, by the processor, a relationship between the security blockchain and a second security blockchain, the relationship corresponding to an indicator stored at the first security block; and
moving, by the processor, in response to the validation of the indicator at the first security block, the loan blockchain from the security blockchain to the second security blockchain.