METHOD AND SYSTEM FOR REGULATION OF BLOCKCHAIN-BASED PAYMENTS

摘要

A method for ensuring regulatory oversight of transaction activity and storage thereof on a blockchain includes: establishing a secure communication channel between a first computing system associated with a first entity and a second computing system associated with a second entity; receiving transaction data from the first computing system, wherein the transaction data includes a first digital certificate from the first computing system and second digital certificate from the second computing system; identifying a regulatory node that has regulatory oversight of the first entity or the second entity; transmitting at least a portion of the transaction data to the regulatory node; receiving a third digital certificate from the regulatory node; and posting a transaction hash including the first digital certificate, second digital certificate, and third digital certificate to a blockchain.