CPC H04L 9/3265 (2013.01) [H04L 9/0637 (2013.01); H04L 9/50 (2022.05); H04L 2209/56 (2013.01)] | 22 Claims |
1. A system for processing cryptographic transactions in a blockchain environment, the system comprising:
at least one verification computer comprising a memory, at least one processor and a plurality of programming instructions, the programming instructions when executed by the at least one processor cause the at least one processor to:
receive a request from an address associated with a first user device, the request indicative of a transactional value to be processed via a blockchain;
analyze the address by comparison of the address to a whitelist, wherein the whitelist comprises a database of one or more registered addresses;
in response to a determination that the address is found on the whitelist, create a pending transaction using a smart contract associated with the blockchain;
add the pending transaction to a list of pending transactions;
receive at least one transaction from the list of pending transactions to determine whether processing of the at least one transaction is allowed, the determination comprising performance of a plurality of checks, wherein at least one of the plurality of checks includes a facial recognition analysis that compares an image associated with a user profile of at least one transaction to a previously stored image;
responsive to at least one valid transaction based on one or more checks perform at least one action selected from the group consisting of:
creation of a pending mint,
initiation of a pending transfer,
initiation of a transfer of tokens to the address associated with the first user,
creation of a new token,
update at least one attribute of a token associated with the transaction,
update at least one attribute of a token associated with the first user device,
update at least one attribute of a token associated with the identity of the first user,
update at least one attribute of the smart contract,
update at least one attribute of an address,
associate a plurality of tokens and/or coins to an account associated with the address, and
forward a transaction amount to a token issuer.
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