MUMBAI, India, Aug. 17 -- Intellectual Property India has published a patent application (202641096738 A) filed by Dr. D. Maria Sahaya Diran; Dr. R. Aathilakshmi; Ms. D. Bhuvaneshwari; Dr. V. Sornaganesh; Dr. M. Josphine Immagulate Matharasi; Dr. G. Mabel Granapu; Dr. T. Sahaya Poorana Ranjitha; Dr. M. Thangajesu Sathish; and Dr. A. Venkatesan on August 11, 2026, for Blockchain Based System For Tracking And Managing Business Transactions.
Inventors include Dr. D. Maria Sahaya Diran; Dr. R. Aathilakshmi; Ms. D. Bhuvaneshwari; Dr. V. Sornaganesh; Dr. M. Josphine Immagulate Matharasi; Dr. G. Mabel Granapu; Dr. T. Sahaya Poorana Ranjitha; Dr. M. Thangajesu Sathish; and Dr. A. Venkatesan.
The application for the patent was published on August 14, 2026, under issue no. 33/2026.
Abstract: The present invention provides a blockchain-based system for tracking, validating, reconciling, and managing business transactions across heterogeneous enterprise systems. The system receives transaction data from enterprise resource planning, accounting, procurement, banking, payment, inventory, logistics, and other business platforms, and normalizes the received data into standardized transaction records. A cryptographic fingerprint is generated for transaction records and associated documents, while an identity verification module authenticates transaction participants. A smart contract engine evaluates predefined transaction conditions, and a permissioned blockchain network validates and immutably records transaction information or corresponding cryptographic representations. A transaction state management module tracks lifecycle transitions, while a reconciliation module compares blockchain records with external enterprise records to identify discrepancies. A monitoring module detects anomalous transaction conditions and initiates alerts or corrective workflows, thereby providing improved transaction integrity, traceability, transparency, accountability, and tamper-evident management.
Disclaimer: Curated by HT Syndication.
