Abstract
This paper proposes a blockchain-based multi-level corporate digital wallet that meets financial regulatory requirements, including compliance with the Travel Rules, and identification of suspicious financial transactions. Unlike personal digital wallets, a corporate wallet is actually a large financial management system with internal blockchains, databases, and governing rules. Every transaction that the user operates on the wallet client will first be sent to the wallet server system. The wallet server will first check the compliance of the transaction, and then verify that the transaction meets the Travel Rules. At the same time, the digital wallet also checks if the transaction may be a financial fraud. In the Web3 era, many transactions will be performed using digital wallets, rather than bank accounts, a corporate wallet will play a significant role in the new digital world.
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Acknowledgments
The research was funded by National Key Research and Development Program of China (No. 2018YFB1402700).
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Tsai, WT. et al. (2023). A Multi-level Corporate Wallet with Governance. In: Qiu, M., Lu, Z., Zhang, C. (eds) Smart Computing and Communication. SmartCom 2022. Lecture Notes in Computer Science, vol 13828. Springer, Cham. https://doi.org/10.1007/978-3-031-28124-2_8
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DOI: https://doi.org/10.1007/978-3-031-28124-2_8
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