Technical Field

The present invention relates to a system which enables to warn a user by grouping the financial transactions carried out by the user upon analysing the transactions carried out by the user by using cryptocurrencies on a blockchain network.

Background of the Invention

Today, cryptocurrencies are used as an investment instrument and in expenditure transactions as well. Many banks in the world approve the use of various cryptocurrencies, particularly bitcoin, in the financial sector. Upon the recognition of cryptocurrencies by

Upon the recognition of cryptocurrencies by reliable financial institutions, more companies and institutions will be able to accept payments to be made by means of cryptocurrencies. Due to the fact that cryptocurrencies utilize blockchain technology, follow-up of monetary transactions carried out by means of cryptocurrencies is difficult. In the state of the art, there are various solutions which enable to send warning to the related institution by determining whether users carrying out transactions by means of cryptocurrencies have made suspicious transactions or not on the basis of their profile info and enable to disconnect the said safe-deposit box from the network, in the event that the cryptocurrency deposited in the safe-deposit box exceeds the pre-determined threshold value. However, there is no solution which enables to group the expenditures made over a blockchain network, to determine a threshold value on the basis of the average value of the expenditures made for each group and to group the expenditures on a blockchain network in the state of the art.

Due to the above-mentioned reasons, it is understood that there is need for a system which enables to categorize payments and expenditures made by customers by means of cryptocurrencies on an open blockchain network in places wherein financial regulations are allowed and on a private blockchain network in places wherein financial regulations are not allowed, according to the types thereof; to determine the average expenditure amount within a specific time interval on the basis of each category group by ensuring that financial transactions of a customer such as expense are grouped on a customer basis on a blockchain network; and to send warning to the customer over a blockchain network when the customer exceeds the average expenditure amount.

The United States patent document no. US7970671, an application in the state of the art, discloses a system for carrying out the orders of bank customers for buying and selling foreign exchange automatically. In the system of the said invention, rules comprising the customers’ selections of currency conversion, value of exchange rate and range of exchange rate tolerance value are retrieved and saved in order to perform pricing automatically in transactions of buying and selling foreign exchange and when it is determined that the value of exchange rate included in the rules -that are set by the customers- occurs within the range of exchange rate tolerance value, transactions of buying and selling foreign exchange of customers are carried out by means of the type and volume of currency conversion selected by them. In the event that the value of exchange rate set by the customers does not occur within the range of exchange rate tolerance value, the rules set by the customers are regulated and then a new value of exchange rate and range of exchange rate tolerance can be determined.

Summary of the Invention An objective of the present invention is to realize a blockchain-based warning system which enables to categorize payments and expenditures made by customers by means of cryptocurrencies on an open blockchain network in places wherein financial regulations are allowed and on a private blockchain network in places wherein financial regulations are not allowed, according to the types thereof; to determine the average expenditure amount within a specific time interval on the basis of each category group by ensuring that financial transactions of a customer such as expense are grouped on a customer basis on a blockchain network; and to send warning to the customer over a blockchain network when the customer exceeds the average expenditure amount.

Detailed Description of the Invention

“A Blockchain-Based Warning System” realized to fulfil the objective of the present invention is shown in the figure attached, in which:

Figure 1 is a schematic view of the inventive blockchain-based warning system.

The components illustrated in the figure are individually numbered, where the numbers refer to the following:

1. System

2. Electronic device

3. Database

4. Server

U. User The inventive blockchain-based warning system (1) which enables to warn a user (U) by grouping the financial transactions carried out by the user (U) upon analysing the transactions carried out by the user (U) by using cryptocurrencies on a blockchain network comprises:

- at least one electronic device (2) which enables the user (U) to communicate with other persons over at least one communication network and is configured to enable the user (U) to carry out financial transactions by means of cryptocurrencies via the interface located on thereof;

- at least one database (3) which is configured to store the data of financial transactions carried out by the user (U) by means of cryptocurrencies by establishing connection with the interface located on the electronic device (2); and

- at least one server (4) which establishes connection with the electronic device (2) and the database (3); and is configured to classify the financial transactions carried out by the user (U) by means of the interface located on the electronic device (2) or by using cryptocurrency, according to their categories; to send a warning notice to the user (U) over the electronic device (2), in the event that the user (U) exceeds the pre-determined average expenditure amount for each category type in financial transactions carried out by means of cryptocurrencies.

The electronic device (2) included in the inventive system (1) is a smart device such as mobile phone, tablet, computer configured to enable the customer (U) to communicate with other persons. The electronic device (2) is configured to enable the customer (U) to transfer cryptocurrency on open blockchain networks or private blockchain networks in places wherein regulation is allowed by enabling the customer (U) to run the interface by means of the input units located on thereof, and to make expenditure by means of cryptocurrencies. The database (3) included in the inventive system (1) is configured to store the data of the bank account used by the user (U) for cryptocurrency transfer, by establishing connection with the interface located on the electronic device (2).

The server (4) included in the inventive system (1) is configured to categorize payments and expenditures made by the user (U) on open or private blockchain networks and wherein s/he uses at least one cryptocurrency, by accessing the information of the bank account used by the user (U) for expenditures in transactions they carry out by means of cryptocurrencies upon establishing connection with the database (3). The server (4) is configured to take both the information of expenditure type and the information of transaction type such as sign or commercial registry as a base when categorizing the expenditures, payments made by the user (U) by means of cryptocurrencies. The server (4) is configured to group the financial transactions of the user (U) that s/he carries out by means of the interface located on the electronic device (2) such as bank statement, bill -specified as expense- bank account transactions, bank card, reconciliation document, payments of service notification on a customer (U) basis on a blockchain network; and to determine the average expenditure amount of category groups within a specific time interval. The server (4) is configured to access the information of cryptocurrency expenditure amount made by the user (U) within a specific time interval in an expenditure category by establishing connection with the interface located on the electronic device (2) and when it detects that the current expenditure amount in the category wherein the user (U) carried out transaction by means of cryptocurrency is higher than the expenditure amount that is determined previously and/or determined by the user (U) and differs by the category, to send an expenditure warning notice to the interface in the electronic device (2) of the user (U) such as short message, instant message over a blockchain network by detecting that the user (U) exceeded the expenditure amount of cryptocurrency within a specific period. Industrial Application of the Invention

In the inventive system (1), the user (U) can carry out financial transactions by means of at least one cryptocurrency through the interface in his/her electronic device (2). The database (3) in the system (1) stores the data of the financial transactions carried out by the user (U) on the interface of the electronic device (2), on itself. The server (4) categorizes the cryptocurrency transactions carried out by the user (U) on a monthly basis by establishing connection with the database (3) and then accessing the information of expenditures made by the user (U) by means of cryptocurrency. The server (4) determines the amounts of expenditures made by each user (U) on the basis of category for the pre-determined category types. In addition, the server (4) determines the average amounts of expenditures made by the user (U) in each category by using cryptocurrency. The server (4) generates a notice of expenditure warning and then transmits it to the electronic device (2) of the user (U) in the event that the monthly expenditure amount of the user (U) is higher than the pre-determined average expenditure amount, by comparing the expenditure amount of the user (U) in a month with the average expenditure amount pre-determined for the related category.

With the inventive system (1), it is ensured to categorize payments and expenditures made by customers by means of cryptocurrencies, according to the types thereof; to determine the average expenditure amount within a specific time interval on the basis of each category group by ensuring that financial transactions of a customer such as expense are grouped on a customer basis on a blockchain network; and to send warning to the customer over a blockchain network when the customer exceeds the average expenditure amount.

It is possible to develop various embodiments of the inventive blockchain-based warning system (1); the invention cannot be limited to examples disclosed herein and it is essentially according to claims.