WO2022064463A1

WO2022064463A1 - A virtual address id system for implementing secure transactions and delivery of items

Info

Publication number: WO2022064463A1
Application number: PCT/IB2021/058806
Authority: WO
Inventors: Hamidreza TAVAKOLI
Original assignee: Tavakoli Hamidreza
Priority date: 2020-09-27
Filing date: 2021-09-27
Publication date: 2022-03-31

Abstract

Embodiments of the present invention in general, pertain to implementing secure transactions and secure delivery of items without disclosing user details such as one or more addresses associated with a user. Embodiments of the present invention in particular, pertain to implementing secure transactions and secure delivery of items using a virtual address ID of a user. Embodiments of the present invention in particular, pertain to generation of a unique virtual address ID for a user and associating the unique virtual address ID with one or more postal addresses of the user. Further, embodiments of the present invention relate to a novel method and a system thereof for sending and receiving the shipments by using a virtual address ID. Furthermore, the present invention facilitates online address management, wherein an authorised user is allowed to update address details associated with virtual address ID in real-time in the simplest and convenient way.

Description

A VIRTUAL ADDRESS ID SYSTEM FOR IMPLEMENTING SECURE

TRANSACTIONS AND DELIVERY OF ITEMS

CROSS-REFERENCE TO RELATED APPLICATION

[0001] This application claims priority to Iran Patent Application No. 139950140003005817, filed on 27 September 2020, the entire disclosure of which is expressly incorporated by reference herein.

FIELD OF THE INVENTION

[0002] Embodiments of the present invention in general, pertain to implementing • secure transactions and secure delivery of items without disclosing user details such as one or more addresses associated with a user. Embodiments of the present invention in particular, pertain to implementing secure transactions and secure delivery of items using a virtual address ID of a user.

BACKGROUND OF THE INVENTION

[0003] The shipment delivery profession typically involves three main parties in the course of delivering a shipment: a delivery partner, a consignor, and a consignee. The delivery partner typically arranges the delivery of the shipment between the consignor and the consignee, and is often referred to as a service provider. The consignor is the

• entity that causes the shipment (e.g., a parcel or package) to be shipped, and can be referred to as the shipper or originator. The intended recipient of the shipment is the consignee. In the case of a shipment being shipped as part of an online purchase, typically the consignor is the e-commerce seller and the consignee is the procurer.

[0004] The process of delivering a shipment is well known in the art. Typically, the consignor prepares the item to be shipped, mentions a delivery address of the consignee, selects a delivery partner (i.e., a service provider) and type of service (e.g., normal or expedited delivery), and arranges for the delivery partner to gain possession of the package. This may occur by the consignor bringing the shipment to a delivery partner’s pickup location or arranging for the delivery partner to pick up the shipment at the consignor's location. Once the delivery partner takes possession, the delivery partner • routes the package to a handling facility in the town or serving area of the consignee according to the address mentioned by the consignor and tries to reach the consignee at the consignor specified address on the shipment.

[0005] The frequency of shipments every day is massive, for example, In Iran, about one billion shipments are handled per year, of which about 4% are returned shipments or ⁰ failed shipments. There are multiple reasons behind the failed shipments, for example, incorrect consignee address specified by the consignor, typographic errors in the recipient’s address, problems due to poor handwriting, changes in delivery addresses as a lot of users change their residential addresses, translation errors for overseas shipments, etc. Further, many times shipments are not delivered in the first attempt due to the • unavailability of the recipient user at the specified address. Thus, minimal emphasis has been given by the prior art systems to increase coordination between the delivery partner and the recipient user (consignee).

[0006] In addition, there are currently other problems in the process of sending and receiving items. For example, the address of many places is so long and complicated that sometimes it is difficult for the sender to properly mention the address on the shipment package., As a result, the shipment is either sent to the wrong address or returned due to the inability to identify the correct delivery address. On the other hand, sending shipments (e.g., letters) to foreign countries and writing addresses in foreign languages is another challenge that is not addressed by the existing prior art solutions.

[0007] Further, there are many other scenarios where users are required to mention their addresses, for example, during authentication for online shopping, membership in many websites, online registration, governmental or non-governmental application procedure, However, mentioning actual addresses directly on these portals may lead to • exposing user’s personal information to fraudulent entities. Furthermore, during online or point of sale transactions, customers’ financial details are compromised and exposed to the merchant.

[0008] There is no existing solution in the known art that facilitates the process of sending and receiving consignments by simplifying the addressing process. ' [0009] Therefore, it is important to provide a way by which individuals or legal entities do not need to write the full address to send and receive the shipment, and provide the possibility of receiving their shipments when their address is constantly changing or they are in their address for a limited time. The present invention further enables an optimal delivery process by increasing coordination between the delivery partner and the • recipient user without compromising the personal details of the recipient user.

Furthermore, loss or delay in shipments can be avoided using the present technique. The virtual address ID system has been devised with the aim to improve and solve the aforementioned problems as well as providing new services in this field. [0010] The present invention has been made in view of the above circumstances and the central goal of this invention is to prevent shipment failure due to problems related to delivery addresses.

[0011] Thus, it is desirable to have an improved technique that overcomes the drawbacks of the conventional systems, while decimating the theft of user’s personal information (e.g. postal address, financial account details, etc.) by using a virtual address ID of the user.

[0012] The Applicant has devised, tested, and embodied the present invention to overcome the shortcomings of the state of the art and to obtain these and other purposes • and advantages.

[0013] The approaches described in this section are approaches that could be pursued, but not necessarily approaches that have been previously conceived or pursued. Therefore, unless otherwise indicated, it should not be assumed that any of the approaches described in this section qualify as prior art merely by virtue of their inclusion in this ⁰ section.

SUMMARY OF THE INVENTION

[0014] It is an object of the present invention to address the problems associated with the prior art systems, and a novel and improved technique is provided for overcoming the • aforementioned shortcomings of the prior art systems. This novel technology is designed to ensure the secure delivery of items such as packages, mails, and items without sharing details of a recipient and/or a sender with each other, wherein the details comprise information about one or more complete addresses of the recipient and/or the sender. [0015] The present invention relates to receiving and sending mails (items, packages, parcels, etc.) without mentioning the mailing address details of a recipient. The present invention further facilitates online address management, wherein an authorised user is allowed to update address details thereof in real-time in the simplest and convenient way. [0016] It is an object of the present invention to provide a novel method and system thereof for sending and receiving the shipments by using a virtual address ID, wherein the virtual address ID may be generated for any of subscribed entity such as but not limited to, individual users, service providers, business entities, and sellers. In some embodiments, service providers can be such as, but not limited to, e-commerce service • providers, online food delivery partners, online ride service providers, airline ticket sellers, online registration portals, courier service providers, postal service providers, and shipment delivery partners.

[0017] It is another object of the present invention to generate a unique virtual address ID for a user, wherein the virtual address ID is independent of the user’s location ⁰ and is considered as a permanent and virtual address of the user. The virtual address IDs are unique for each of a plurality of enrolled users, unlike the postal codes.

[0018] It is yet another object of the present invention to automatically and randomly generate a unique virtual address ID for a user, wherein the unique virtual address ID is generated by a virtual address ID system hosted on a remote server. The unique virtual

• address ID comprises numbers, letters, symbols, or a combination thereof. According to an exemplary embodiment, the unique virtual address ID is the mobile number of the user. The unique virtual address ID is a permanent address identifier configured to remain unaltered even when the one or more postal addresses associated with the user changes. [0019] It is yet another object of the present invention to enable a user to select a preferred virtual address ID, wherein the preferred virtual address ID is unique and nonduplicate in comparison to other virtual address IDs generated for other users. The preferred virtual address ID is utilized for sending and receiving shipments, making online transactions, and bill payments without sharing or disclosing user details to the third parties, wherein the user details can be such as, and without limitation, credit/debit card details, financial account details, contact number, social security number, email-id, permanent address, user identity, and any combination thereof.

[0020] It is yet another object of the present invention to associate one or more • addresses of a user with a corresponding unique virtual address ID. A further object of the invention is to link one or more bank accounts of the registered users with corresponding virtual address IDs thereof.

[0021] It is yet another object of the present invention to link unique virtual address ID of a user with one or more social media profiles of the user (e.g., Facebook, Linkedln, ⁰ Instagram, etc.) to provide consignment shipping capabilities using social media profiles without sharing the actual postal address details of the user, wherein friends, colleagues, or other authorised members of social media community may refer the unique virtual address ID of the user from user’s social media profile to deliver parcels and packages. According to an embodiment, the unique virtual address ID is linked with the social media • profile by the user. According to another embodiment, the unique virtual address ID is automatically linked with the social media profile of the user by the virtual address ID system. [0022] It is yet another object of the present invention to enable subscribed users

(e.g. elderly people) to pay their bills and payments using the corresponding virtual address ID thereof.

[0023] It is yet another object of the present invention to generate an address label containing the postal mailing address of the recipient user using associated virtual address ID thereof.

[0024] It is yet another object of the present invention to link user’s virtual address ID on e-commerce platforms instead of linking the actual addresses of the user. Therefore, user’s online purchases can be redirected to a suitable delivery address defined by the • user using the user’s virtual address ID.

[0025] It is yet another object of the present invention to establish a virtual address ID for a user on a computer network, where the user’s virtual address ID is linked to the user’s mailing address (e.g., residential address, office address, business address or any other mailing address). Additionally, the virtual address ID may also associated with the ⁰ user’s email address and/or user’s contact number.

[0026] It is yet another object of the present invention to inhibit sharing of user’s personal information (e.g., mailing address, contact details, financial account details, etc.) with recipients and/or service providers.

[0027] It is yet another object of the invention to provide a method for secure delivery

• of items using user’s virtual address ID, thereby protecting personal information of registered users.

[0028] It is yet another object of the invention to provide a method for sending advance notifications about a designated consignment to an enrolled user to avoid delivery failure likelihood, wherein the enrolled user and the associated delivery address is identified using a virtual address ID of the enrolled user provided by a third-party of interest (e.g., consignor).

[0029] It is another object of the invention to enable subscribed users to shop anywhere in the world using their virtual address IDs without any need to carry their payment cards issued by financial institutions. Thus, payment card details are not disclosed with sellers and merchants during online and/or point-of-sale transactions.

[0030] It is another object of the invention to implement secure, easy, and convenient way of sharing complex mailing addresses of registered users by senders with delivery • partners, wherein the sender can such as, but not limited to, their friends, colleagues, relatives, neighbours and extended family-members. Thus, there is no need to provide the full complex recipient’s mailing address to the delivery partners, and shipments can be delivered using the recipient’s unique virtual address ID. Therefore, the failure of shipments due to errors in the mailing address resulting from translation errors, ⁰ typographical errors in mailing address, typographical errors in the zip code, typographical errors in the house number, spelling and grammatical errors, handwriting problems, etc. can be avoided.

[0031] It is yet another object of the present invention to dynamically select a suitable address for delivery of an item from a plurality of mailing addresses of a registered user • linked with a virtual address ID, wherein the suitable delivery address is selected based on predefined criteria specified by the user and/or historical trends. In some embodiments, the predefined criteria is delivery preferences specified by the user for each mailing address. In some embodiments, the suitable delivery address is selected based on the availability information of user corresponding to each mailing address. In some embodiments, the availability information for each mailing address is predefined by the registered user, so that the suitable delivery address is selected according to the availability time specified by the registered user. In some embodiments, the availability information for each mailing address is automatically selected by on past availability trends of the registered user corresponding to each mailing address linked to the virtual address ID.

[0032] It is yet another object of the present invention to shorten the mailing address of registered users to avoid delivery failures resulting from errors in the mailing address such as, but not limited to, translation errors, typographical errors in mailing address, • typographical errors in the zip code, typographical errors in the house number, spelling and grammatical errors, and handwriting problems.

[0033] It is yet another object of the present invention to eliminate issues arising due to frequent changes in permanent or temporary addresses by a person.

[0034] It is yet another object of the present invention to provide access of the user ⁰ information to the authenticated third parties using the unique virtual address ID of the user, wherein the user information comprises complete postal address of the user.

[0035] It is yet another object of the present invention to link a plurality of mailing addresses of a registered user with a particular availability time slot, wherein the plurality of mailing addresses are associated with a unique virtual ID of the registered user.

• [0036] It is yet another object of the present invention to eliminate fraudulent purchase orders and phishing attempts by the fraudster or unruly users by providing fake identity and/or fake delivery address. [0037] It is yet another object of the present invention to facilitate secure online form filling with identity details of a registered user during online registration and/or ticket booking procedure using a virtual address ID of the registered user, wherein the identity details comprise any of full name of the registered user, date of birth, unique national identification number, permanent address details, contact details, and any combination thereof.

[0038] It is yet another object of the present invention to generate a machine-readable code containing a unique virtual address ID of a registered user to facilitate delivery of one or more services to the registered user, wherein the machine -readable code is a QR • code, a barcode, an RFID tag, and any combination thereof.

[0039] It is yet another object of the present invention to redirect delivery of a consignment designated to a first virtual address ID of a user to a new address associated with a second virtual address ID of a second user upon approval by any one or both of the first user and the second user. ' [0040] It is yet another object of the present invention to facilitate secure delivery of a consignment by a delivery person by verifying a recipient before delivery of the consignment by using identity information associated thereof with a unique virtual address ID of the recipient, wherein the identity information associated with the recipient comprises one or more of a photograph of the recipient, a one-time password shared with • the recipient, a social security number, a date of birth, and signatures of the recipient.

[0041] It is yet another object of the present invention to facilitate secure and safe retrieval of a consignment by an authorized recipient from a nearby deposit box by providing a virtual address ID of the recipient and a unique one-time code, wherein the unique one-time code is generated by the virtual address ID system and shared with the authorized recipient to enable the secure and safe retrieval of the consignment.

[0042] It is yet another object of the present invention to facilitate an authorized recipient to select a new delivery address and/or modify an existing mailing address before delivery of a parcel.

[0043] It is yet another object of the present invention to facilitate an enrolled recipient of a consignment to direct a scheduled delivery of the consignment to an alternate address.

[0044] It is yet another object of the present invention to link shipped consignment • details with virtual address IDs of corresponding users to enable real-time tracking of the shipped consignments (e.g. parcels, items, shipments, etc.) using a unique virtual ID of an authorised user.

[0045] It is yet another object of the present invention to facilitate navigation to a preferred address associated with a virtual address ID of a recipient by displaying the ⁰ preferred address location on an online map on a device associated with a service provider.

[0046] It is yet another object of the present invention to block access of one or more of identity information of a registered user, financial accounts of the registered user, and the one or more addresses linked with a virtual address ID of the registered user to • unauthorized service providers, wherein the unauthorized service providers are either designated by the registered user or automatically detected by the virtual address ID system by identifying the fraudulent activities associated with the unauthorized service providers. [0047] It is yet another object of the present invention to employ artificial intelligence and machine learning to determine intermittent plans for successful and timely distribution of shipments to customers by performing predictive analysis to identify imminent shipment delays, traffic bottlenecks, and/or supply-chain issues. [0048] It is yet another object of the present invention to implement virtual address

ID based secure payment transactions by holding the release of a payable amount to a financial account of a seller until the purchased item is delivered to an enrolled buyer of the virtual address ID system.

[0049] It is yet another object of the present invention to facilitate secure delivery of • packages by generating a one-time password for each shipment and sharing thereof with respective recipient, wherein the one-time password is the identity of the package to be delivered, and the one-time password along with the virtual address ID of a recipient user is verified before the delivery of the package.

[0050] It is yet another object of the present invention to provide online address ⁰ management with an ability to change postal addresses online, connect identity of enrolled users to their respective virtual address ID, and/or link multiple addresses of an enrolled user with a unique virtual address ID thereof.

[0051] It is yet another object of the present invention to encrypt virtual address ID of a user in an RFID tag. In some embodiments, the RFID tag is utilized for tracking and • secure delivery of items by utilizing the RFID tag of the user. In some embodiments, the

RFID tag is utilized for secure payments to sellers using the RFID tag of the user, wherein the RFID tag includes the virtual address ID of the user. Further, according to some embodiments, based on the information transmitted from RFID tag in the form of radio waves to RFID readers located in different parts of the supply chain, this information can be distributed in the information network and in addition to offline tracking, the customers can also track their shipment online.

[0052] It is yet another object of the present invention to utilize block chain technology along with virtual address ID to enhance security of the data across a transportation, logistics, and supply chain network by providing an indelible and transparent records of deliveries and transactions.

[0053] To achieve these and other advantages, and in accordance with the purpose of the invention as embodied and broadly described, the invention provides a computer- • implemented method, executable at a remote server, for generating unique virtual address IDs. The remote server is configured to receive a request from a user for enrolling in a virtual address ID system hosted on the remote server, wherein the request comprises identity information of the user. In some embodiments, the identity information comprises the full name of the user, date of birth, national identification number, social ⁰ security number, contact details, profile picture, and any combination thereof. The remote server is further configured to receive one or more addresses of the user along with one or more documents to substantiate that the one or more addresses are associated with the user, wherein each address indicates a complete postal or mailing address of the user (e.g., residential address, office address, permanent address, etc.). The method further

• comprises verifying whether the user and the one or more addresses are previously enrolled on the virtual address ID system by comparing any of the received identity information and the associated one or more addresses with the plurality of previously enrolled users and their associated addresses. Thereby, a unique virtual address ID is generated for the user upon determination that the user and the one or more addresses are previously not enrolled on the virtual address ID system, wherein the unique virtual address ID comprises numbers, letters, symbols, or a combination thereof. The remote server is also configured to associate and store the generated unique virtual address ID with the user and thereby with the one or more addresses of the user. The generated unique virtual address ID of the user is thereby activated by the virtual address ID system hosted on the remote server, wherein the unique virtual address ID is utilized for delivering shipments and services corresponding to the one or more addresses associated with the unique virtual address ID of the user. In accordance to some embodiments, each of the one or more addresses comprises any combination of a house number, an office number, • an apartment number, building name, floor number, nearby landmark details, a street address, a city name, a state name, a zip code, an email address, contact details, and a country name. In accordance to some embodiments, the one or more documents to substantiate that the one or more addresses are associated with the user are received from the user, government agencies, or third-party authentication agencies. ⁰ [0054] The present invention facilitates a user to select a preferred virtual address

ID, wherein the preferred virtual address ID is unique and non-duplicate in comparison to other virtual address IDs generated for other users. According to an embodiment, to achieve this object of the invention, the step of generating a unique virtual address ID further comprises facilitating the user to provide inputs to select a preferred virtual

• address ID. The step further comprises determining whether the preferred virtual address ID selected by the user is unique and non-duplicate by comparing the preferred virtual address ID with the previously generated and stored unique virtual address IDs corresponding to each of the plurality of enrolled users. The step further includes associating the preferred virtual address ID with the user and the one or more addresses of the user if the preferred virtual address ID is determined to be unique and nonduplicate.

[0055] According to some embodiments, the unique virtual address ID is generated automatically and randomly by the virtual address ID system hosted on the remote server without any intervention by the user. The unique virtual address ID is a permanent address identifier configured to remain unaltered even when the one or more postal addresses associated with the user changes.

[0056] According to some embodiments, delivery preferences associated with the one or more addresses are defined by the user, wherein the delivery preferences comprise • preferred delivery time for each of the one or more addresses. The virtual address ID system is configured to store the delivery preferences associated with the one or more delivery addresses corresponding to the unique virtual address ID of each user. The virtual ID system is further configured to determine and select a suitable delivery address in accordance with the delivery preferences specified by each user, thereby the delivery ⁰ addresses are dynamically selected based on the preferred delivery time specified by the user.

[0057] According to some embodiments, the virtual address ID system facilitates a user to automatically fill online registration forms (e.g., ticket booking forms containing user’s personal details and address related information, examination forms, sign up forms, • etc.) by using a unique virtual address ID of the user. The virtual address ID system facilitates securely filling identity details associated with the user during online form registration or ticket booking procedure using the unique virtual address ID, wherein the identity details comprise any of full name of the user, postal address details of the user, date of birth, unique national identification number, email-ID, contact details, and any combination thereof.

[0058] According to some embodiments, the virtual address ID system facilitates a user to modify one or more addresses associated with a unique virtual address ID of the user by receiving address modification inputs and one or more documents to substantiate the modifications in the one or more addresses. The virtual address ID system is configured to modify the one or more addresses in accordance to the received inputs upon verification of the one or more documents. Further, the virtual address ID system is configured to associate the modified one or more addresses with the unique virtual • address ID corresponding to the user.

[0059] Accordingly, one exemplary embodiment relates to generating one or more virtual address sub-IDs) each corresponding to a unique postal address of an enrolled user, wherein the virtual address sub-IDs are temporary virtual address IDs each having a pre-defined validity period. The virtual ID system enables the user to register the unique ⁰ virtual address ID as the primary address ID of the user and associating it with the one or more virtual address sub-IDs of the user. The virtual ID system further enables the user to link a postal address (e.g., home address) of the user with each of the virtual address sub-IDs. The virtual ID system is further configured to receive a first virtual address sub- ID associated with the user from a service provider. The virtual ID system is further • configured to determine whether a pre-defined validity period associated with the first virtual address sub-ID is expired. Based on the determination, the virtual ID system is further configured to retrieve and provide user’s personal information (for example a complete postal or mailing address of the user) associated with the first virtual address sub-ID to the service provider if the predefined validity period associated with the first virtual address sub-ID is determined to be not expired.

[0060] To achieve advantages of the present invention, and in accordance with the purpose of the invention as embodied and broadly described, the invention provides a virtual address ID system that is configured to generate unique virtual address IDs for implementing secure shipments and transactions, the system comprising one or more processors and one or more non-transitory computer-readable media storing instructions executable by the one or more processors. The instructions configure the one or more processors to receive a request from a user for enrolling in a virtual address ID • system hosted on the remote server, wherein the request comprises identity information of the user. The instructions configure the one or more processors to receive one or more addresses of the user, wherein each address indicates a complete postal address of the user. The one or more processors are further configured to verify whether the user and the one or more addresses are previously enrolled on the virtual address ID system by ⁰ comparing any of the received identity information and the associated one or more addresses with the plurality of previously enrolled users and their associated addresses. The one or more processors are further configured to generate a unique virtual address ID upon determination that the user and the one or more addresses are previously not enrolled on the virtual address ID system. The one or more processors are further • configured to associate the unique virtual address ID with the user and thereby with the one or more addresses of the user, and thereby store the associated information in a database. The one or more processors are further configured to activate the unique virtual address ID of the user, wherein the activated unique virtual address ID is utilized for delivering shipments and services corresponding to the one or more addresses associated with the unique virtual address ID of the user.

[0061] According to some embodiments, the virtual address ID system is configured to facilitate the user to generate a temporary virtual address ID, wherein the temporary virtual address ID is either generated randomly by the system or the user is facilitated to manually select the temporary virtual address ID provided that the manually selected ID is unique. The virtual address ID system is further configured to enable the user to associate the temporary virtual address ID with the at least one complete postal address of the user. The virtual address ID system is further configured to enable the user to set a • validity period of the temporary virtual address ID. The virtual address ID system is further configured to receive the temporary virtual address ID associated with the user from a service provider for delivering one or more services to the user. The virtual address ID system is further configured to determine whether a pre-defined validity period associated with the temporary virtual address ID is expired. The virtual address ID system ⁰ is further configured to retrieve and share, with the service provider, the complete postal address of the user associated with the temporary virtual address ID if the predefined validity period associated with the temporary virtual address ID is determined to be not expired.

[0062] According to some embodiments, the virtual address ID system is configured • to receive, from the registered user, inputs to modify the one or more addresses associated with the unique virtual address ID of the user, wherein the modifications in the one or more addresses comprise editing the one or more addresses, deletion of one or more previously registered addresses, adding one or more new addresses, or a combination thereof. The virtual address ID system is further programmed to receive one or more documents to substantiate the modifications in the one or more addresses. The virtual address ID system is further programmed to modify the one or more addresses in accordance to the received inputs upon verification of the one or more documents. The virtual address ID system is further programmed to associate the modified one or more addresses with the unique virtual address ID of the first user. The virtual address ID system is further programmed to send notifications to service providers responsible for delivery of ongoing services to the first user, wherein the notifications indicate modifications in the one or more addresses of the first user.

[0063] To achieve advantages of the present invention, and in accordance with the • purpose of the invention as embodied and broadly described, the invention provides a virtual address ID system that is configured to generate unique virtual address IDs for implementing secure shipments and transactions, the system comprising one or more processors and one or more non-transitory computer-readable media storing instructions executable by the one or more processors. The instructions configure the one ⁰ or more processors to enroll a plurality of users into a virtual address ID system hosted on the remote server, wherein the virtual address ID system contains unique virtual address IDs each associated with one or more addresses of at least one of the plurality of enrolled users. The instructions configure the one or more processors to enroll one or more service providers into a virtual address ID system, wherein the one or more service • providers are responsible for providing services and shipments to the plurality of enrolled users. The instructions configure the one or more processors to receive, from a first service provider, a first virtual address ID associated with a first user, wherein the first user is one of the plurality of enrolled users. The instructions configure the one or more processors to identify one or more addresses linked to the received first virtual address ID. The instructions configure the one or more processors to retrieve user preferences associated with the one or more addresses linked to the first virtual address, wherein the user preferences comprise preferred delivery time for each of the one or more addresses. The instructions configure the one or more processors to determine and select a suitable delivery address of the first user based on the user preferences, wherein the suitable delivery address is a complete postal address specified by the first user. The instructions configure the one or more processors to provide the suitable delivery address to the first service provider for initiating the delivery of a consignment. The instructions configure the one or more processors to generate and share a one-time password • associated with the consignment with the first user. The instructions configure the one or more processors to facilitate the first service provider to submit a password received from the first user at the time of delivery of the consignment. The instructions configure the one or more processors to enable secure delivery of the consignment at the suitable delivery address if the password submitted by the first service provider matches with the ⁰ one-time password shared with the first user.

[0064] According to some embodiments, the virtual address ID system is further configured to redirect delivery of the consignment to a new address associated with a second virtual address ID of a second user upon approval by any one or both of the first user and the second user, wherein a request to redirect delivery is received from the first • user (i.e., from original recipient of the consignment).

[0065] According to some embodiments, the virtual address ID system is further configured to facilitate the first service provider to verify the first user before delivery of the consignment by providing identity information of the first user for enabling secure delivery of the consignment, wherein the identity information associated with the first user comprises one or more of a photograph of the first user, a password, a date of birth, and signatures of the first user.

[0066] According to some embodiments, the virtual address ID system is further configured to store and maintain the historical record of the services delivered to the first user using the first virtual address ID, wherein the historical record includes date and time of delivery of consignments, details of the corresponding service providers, details of the receiving person along with contact details, photo ID of the receiving person, signatures of receiving person, details of consignors linked with associated consignments, details of portals used for online registration along with a timestamp, details of shipments in • progress, and any combination thereof.

[0067] According to some embodiments, the virtual address ID system is further configured to send a message to the first user to confirm the suitable delivery address for delivery of the consignment. The virtual address ID system is further configured to facilitate the first user to modify the suitable delivery address by receiving inputs from ⁰ the first user. The virtual address ID system is further configured to updating the suitable delivery address in the virtual address ID system in accordance to inputs received from the first user. The virtual address ID system is further configured to share the updated suitable delivery address with the first service provider before the delivery of the consignment.

• [0068] According to some embodiments, the virtual address ID system is further configured to automatically select the preferred address from a plurality of addresses associated with the first virtual address ID based on predefined delivery preferences, a historical record indicating past service delivery trends, and a combination thereof. [0069] According to some embodiments, the virtual address ID system is configured to receive a request to fill an online registration form from an online registration portal, wherein the request comprises the first virtual address ID associated with the first user along with details of various fields to be filled for the online registration. The virtual address ID system is further configured to retrieve relevant details related to various fields to be filled for the online registration, wherein the relevant details comprise a complete postal address along with identity information the first user stored in the virtual address ID system. The virtual address ID system is further configured to share the retrieved relevant details with the online registration portal to thereby facilitate automatic filling of • the complete or partial online registration form.

[0070] According to some embodiments, the virtual address ID system is configured to block access of one or more of identity information of the first user, financial accounts of the first user, and the one or more addresses linked with the first virtual address ID to unauthorized service providers, wherein the unauthorized service providers are either ⁰ designated by the first user or automatically detected by the virtual address ID system by identifying the fraudulent activities associated with the unauthorized service providers.

[0071] According to some embodiments, the virtual address ID system is configured to facilitating real-time tracking of one or more consignments intended to the first user. To achieve this objective, the virtual address ID system is configured to receive details • of a consignment designated to the first virtual address ID from the first service provider, wherein the details of the consignment comprise the first virtual address ID, consignor name, purpose of the consignment, date and time of consignment origination, contact details of the consignor, originating location, and any combination thereof. The virtual address ID system is further configured to generate a tracking ID for the consignment and sharing the generated tracking ID with any or both of the first user and the consignor to facilitate real-time tracking of the consignment. The virtual address ID system is further configured to link the details of the consignment and the tracking ID with the first virtual address ID and storage thereof. [0072] To achieve these and other advantages, and in accordance with the purpose of the invention as embodied and broadly described, the invention provides a virtual address ID system and a method thereof for implementing virtual address ID based secure transactions. The virtual address ID system is configured to enroll a plurality of sellers into the virtual address ID system hosted on a remote server, wherein the virtual address • ID system contains a unique virtual address ID corresponding to each of the plurality of enrolled sellers. The virtual address ID system is further configured to associate one or more financial accounts of each of the plurality of enrolled sellers with their respective virtual address ID. The virtual address ID system is further configured to enroll one or more buyers into the virtual address ID system, wherein the virtual address ID system ⁰ contains a unique virtual address ID corresponding to each of the plurality of enrolled buyers. The virtual address ID system is further configured to associate one or more addresses and one or more financial accounts of each of the plurality of enrolled buyers with their respective virtual address ID. The virtual address ID system is further configured to receive a transaction request from any one or both of at least one enrolled

• buyer and at least one enrolled seller to process a first transaction, wherein the transaction request comprises at least a virtual address ID of the at least one enrolled buyer, details of the first transaction, and a virtual address ID of the at least one enrolled seller. The virtual address ID system is further configured to identify financial accounts associated with the at least one enrolled buyer and the at least one enrolled seller using their respective virtual address IDs received in the transaction request. The virtual address ID system is further configured to facilitate authorization and risk analysis before approving the first transaction. The virtual address ID system is further configured to facilitate debit of a payable amount corresponding to a purchased item from a financial account of the at least one enrolled buyer if the authorization and risk analysis is determined to be safe.

The virtual address ID system is further configured to hold the release of the payable amount until the purchased item is delivered to the at least one enrolled buyer. The virtual address ID system is further configured to determine a suitable delivery address of the at least one enrolled buyer by processing the virtual address ID linked to the at least one • enrolled buyer, wherein the suitable delivery address is a complete postal address of the enrolled buyer selected for the delivery of purchased items. The virtual address ID system is further configured to provide the suitable delivery address to the at least one enrolled seller for initiating delivery of the purchased item. The virtual address ID system is further configured to receive a confirmation message from the at least one enrolled buyer ⁰ indicating whether the purchased item has been delivered successfully by the at least one enrolled seller. The virtual address ID system is further configured to facilitate release of the payable amount to the financial account associated with the virtual address ID of the at least one enrolled seller, wherein the payable amount is released upon determination that the purchased item is successfully delivered to the at least one enrolled buyer. Thus, • the virtual address ID associated with the at least one enrolled buyer is utilized for making online transactions and bill payments without sharing or disclosing the one or more addresses and the financial accounts associated with the at least one enrolled buyer to the third parties. [0073] According to some embodiments, the virtual address ID system is configured to facilitate authorization and risk analysis before approving the first transaction by authenticate identity of the at least one enrolled buyer and/or the at least one enrolled seller. The virtual address ID system is further configured to determine whether there is enough balance in the financial account, associated with the at least one enrolled buyer, to execute the first transaction. The virtual address ID system is further configured to perform risk analysis to detect fraudulent activities associated with the at least one enrolled seller’s account and/or the at least one enrolled buyer’s account.

[0074] According to some embodiments, the virtual address ID system is further • configured to send a notification to the at least one enrolled seller indicating that the payable amount related to the first transaction is debited from the account of the at least one enrolled buyer and reserved securely in the virtual address ID system until the purchased item is delivered to the at least one enrolled buyer.

[0075] According to some embodiments, the virtual address ID system is configured ⁰ to receive, from the at least one enrolled buyer, delivery preferences associated with the one or more addresses, wherein the delivery preferences comprise preferred delivery time corresponding to each delivery address. The virtual address ID system is further configured to storing the delivery preferences associated with the one or more addresses along with the unique virtual address ID of the at least one enrolled buyer. The virtual • address ID system is further configured to determine and select the suitable delivery address in accordance with the delivery preferences specified by the at least one enrolled buyer, thereby the delivery addresses are dynamic as per the delivery preferences specified by the at least one enrolled buyer. [0076] According to some embodiments, the virtual address ID system is configured to send a message to the at least one enrolled buyer to confirm the suitable delivery address for delivery of a consignment. The virtual address ID system is further configured to enable the at least one enrolled buyer to modify the suitable delivery address by receiving inputs related to modifications. The virtual address ID system is further configured to update the suitable delivery address in the virtual address ID system in accordance to inputs received from the at least one enrolled buyer. The virtual address ID system is further configured to share the updated suitable delivery address with the at least one enrolled seller before the delivery of the consignment. • [0077] According to some embodiments, the virtual address ID system is configured to generate and share a one-time password associated with the first transaction with the at least one enrolled buyer. The virtual address ID system is further configured to enable the at least one enrolled seller to submit a password received from the at least one enrolled buyer at the time of delivery of the purchased item. The virtual address ID system is ⁰ further configured to facilitate secure delivery of the consignment if the password submitted by the at least one enrolled seller matches with the one-time password shared with the at least one enrolled buyer. The virtual address ID system is further configured to facilitate the release of the payable amount to the financial account associated with the virtual address ID of the at least one enrolled seller if the password submitted by the at • least one enrolled seller matches with the one-time password shared with the at least one enrolled buyer.

[0078] According to some embodiments, the virtual address ID system is configured to facilitate the at least one enrolled buyer to generate a temporary virtual address ID. The virtual address ID system is further configured to enable the at least one enrolled buyer to associate the temporary virtual address ID with at least one complete postal address and at least one financial account of the at least one enrolled buyer. The virtual address ID system is further configured to facilitate the at least one enrolled buyer to set a validity period of the temporary virtual address ID. The virtual address ID system is further configured to receive a second transaction request to process a second transaction, wherein the second transaction request comprises at least the temporary virtual address ID of the at least one enrolled buyer. The virtual address ID system is further configured to determine whether the temporary virtual address ID is active, wherein the temporary virtual address ID is determined to be active if the validity period of the temporary virtual • address ID is not expired. The virtual address ID system is further configured to facilitate processing of the second transaction if the temporary virtual address ID is determined to be active. The virtual address ID system is further configured to retrieve and share, with the at least one enrolled seller, the details of at least one enrolled buyer (e.g., complete postal address of the at least one enrolled buyer) associated with the temporary virtual ⁰ address ID. The virtual address ID system is further configured to facilitate release of a payable amount associated with second transaction to the at the at least one enrolled seller from at least one financial account of the at least one enrolled buyer if the predefined validity period associated with the temporary virtual address ID is determined to be active. • [0079] Thus, the present disclosure offers the following advantages over the existing prior art:

1. Shortening the postal address- The addressing process is much shorter than the traditional method, because the sender simply enters the recipient person's virtual address ID, on an envelope or label. Thereby, the recipient personal’s delivery address is retrieved by a delivery partner using the virtual address ID of the recipient which increases the accuracy of shipment process and prevents any error in addressing or handwriting on the shipment and the consequences of abusing the address on the envelope. As soon as the shipment is received from the sender, if an error occurs in registering the address of the recipient person's virtual address

ID, it can be corrected at the same point of the shipment. Therefore, instead of writing long address of the recipient of the consignment, the sender writes the virtual address ID of the recipient on the consignment.

2. Elimination of possible shipment loss due to frequent address changes - The • present invention eradicates the shipment failure possibilities if a recipient user changes delivery address as the user details linked to virtual address ID are updated in real-time. Thus, a complete and up-to-date accurate address is received from the virtual address ID system.

3. A plurality of ongoing consignments can be tracked in real-time using the virtual ⁰ address ID of the recipient.

4. Facilitating secure delivery of the consignment by verifying the recipient user’s identity (e.g., using one-time password and/or signatures of the recipient user).

5. Availability dependent Address Selection - Automatically selecting one of the plurality of addresses as a suitable delivery address to deliver the shipment,

• wherein the plurality of addresses are dynamically selected based on user’s availability information corresponding to each address, thereby the delivery address are accurately selected according to the availability time specified by the user or based on historic data related to user’s availability. According to an embodiment, the virtual address ID system may be linked with user’s calendar to check availability schedule of the user corresponding to each registered address.

6. Customers are not required to enter their delivery addresses while making the online or offline purchases. The customers can specify the respective virtual address ID and the purchased items can be delivered on the preferred delivery addresses.

7. Subscribed users (e.g. elderly people) are facilitated to pay their bills and payments using corresponding virtual address ID without exposing their actual financial details. • 8. Automatically filling the online registration forms (e.g., ticket booking forms, examination forms, sign up forms, application forms, etc.) using the virtual address ID.

[0080] The foregoing summary is provided to introduce a selection of concepts in a simplified form that are further described below in the Detailed Description. This ⁰ Summary is not intended to identify key features or essential features of the present invention, nor is it intended to be used to limit the scope of the subject matter.

[0081] Various objects, features, aspects, and advantages of the present disclosure will become more apparent from the following detailed description of preferred embodiments, along with the accompanying drawing figures in which like numerals

• represent like features. The drawings illustrate exemplary embodiments of the present disclosure and, together with the description, serve to explain the principles of the present disclosure.

BRIEF DESCRIPTION OF THE DRAWINGS [0082] For a more complete understanding of the features and advantages of the present disclosure, reference is now made to the detailed description of the disclosure along with the accompanying figures and in which:

[0083] FIG. 1 schematically illustrates an exemplary environment 100 where various embodiments of the present invention relating to virtual address ID system are implemented;

[0084] FIG. 2A schematically illustrates a block diagram of the virtual address ID system 110 according to an embodiment of the present invention;

[0085] FIG. 2B schematically illustrates a block diagram of the virtual address ID • system 110 according to an embodiment of the present invention;

[0086] FIG. 3 schematically illustrates an exemplary flow diagram for implementing secure transactions and delivery of items using the virtual address ID system according to an embodiment of the present invention;

[0087] FIG. 4 schematically illustrates an exemplary architecture of the virtual ⁰ address ID system according to an embodiment of the present invention;

[0088] FIG. 5 schematically illustrates a flow diagram depicting a method for generating unique virtual address IDs according to an embodiment of the present invention;

[0089] FIG. 6 schematically illustrates a flow diagram depicting a method for • facilitating secure delivery of consignments using unique virtual address IDs according to an embodiment of the present invention; [0090] FIG. 7 schematically illustrates a flow diagram depicting a method for facilitating secure transactions using temporary virtual address IDs according to an embodiment of the present invention;

[0091] FIG. 8 schematically illustrates a flow diagram depicting a method for 0 automatically filling online registration forms using virtual address IDs according to an embodiment of the present invention;

[0092] FIG. 9A & FIG. 9B schematically illustrates a flow diagram depicting a method for implementing virtual address ID based secure transactions according to an embodiment of the present invention;

1 • [0093] FIG. 10 schematically illustrates a flow diagram depicting registration process on the virtual address ID system according to an embodiment of the present invention;

[0094] FIG. 11 schematically illustrates a flow diagram depicting use of virtual address ID system according to an embodiment of the present invention;

1 ' [0095] FIG. 12 schematically illustrates a flow diagram depicting a method of registering on the virtual address ID system according to an embodiment of the present invention; and

[0096] FIG. 13 schematically illustrates a flow diagram depicting various features of the virtual address ID system according to an embodiment of the present invention;

Y .

DETAILED DESCRIPTION OF THE DRAWINGS [0097] While the invention as claimed can be modified into alternative forms, specific embodiments thereof are shown by way of example in the drawings and will herein be described in detail. The embodiments disclosed below are not intended to be exhaustive or to limit the invention to the precise forms in the following detailed description. Thus, it should be understood, however, that the drawings and detailed description thereto are not intended to limit the invention to the particular form disclosed, but on the contrary, the intention is to cover all modifications, equivalents, and alternatives falling within the scope of the present invention.

[0098] Although the disclosure hereof is detailed and exact to enable those skilled in • the art to practice the invention, the physical embodiments herein disclosed merely exemplify the invention which may be embodied in other specific structure.

[0099] Various aspects of this disclosure are now described with reference to the drawings, wherein like reference numerals are used to refer to like elements throughout. In the following description, for purposes of explanation, numerous specific details are ⁰ set forth in order to provide a thorough understanding of one or more aspects. It should be understood, however, that certain aspects of this disclosure may be practiced without these specific details, or with other methods, modules, components, materials, etc. In other instances, well-known structures and devices are shown in block diagram form to facilitate describing one or more aspects. • [0100] Various aspects or features will be presented in terms of systems that may include a number of devices, components, modules, sub-modules, and the like. It is to be understood and appreciated that the various systems may include additional devices, components, modules, sub-modules, etc., and/or may not include all of the devices, components, modules, sub-modules, etc. discussed in connection with the figures. A combination of these approaches also can be used.

[0101] In addition, the term “or” is intended to mean an inclusive “or” rather than an exclusive “or.” That is, unless specified otherwise, or clear from the context, the phrase “X employs A or B” is intended to mean any of the natural inclusive permutations. That is, the phrase “X employs A or B” is satisfied by any of the following instances: X employs A; X employs B; or X employs both A and B. In addition, the articles “a” and “an” as used in this application and the appended claims should generally be construed to mean “one or more” unless specified otherwise or clear from the context to be directed to • a singular form.

[0102] As used in this application, the term “system”, “processing unit”, “platform”, “engine”, is intended to refer to a computer-related entity, electronic device, or an entity related to, or that is part of, an operational apparatus with one or more specific functionalities, wherein such entities can be either hardware, a combination of hardware ⁰ and software, software, or software in execution. By way of illustration, one or more instructions and/or computer program product can reside within a process and/or thread of execution, and an instructions and/or computer program product can be localized on one computer and/or distributed between two or more computers. Also, instructions and/or computer program products as described herein can execute from various • computer readable storage media having various data structures stored thereon. As another example, a “system” and/or “electronic apparatus” can be a device with specific functionality provided by electric or electronic circuitry which is operated by a software or a firmware application executed by a processor, wherein the processor can be internal or external to the apparatus and executes at least a part of the software or firmware application. As yet another example, an electronic device/platform can be an apparatus that provides specific functionality through electronic components with or without mechanical parts, the electronic components can include a processor therein to execute software or firmware that provides at least in part the functionality of the electronic components.

[0103] The terms “user”, “consumer”, “customer”, “buyer”, “shopper”, “purchaser”, “payer”, “consignee”, and the plural form of these terms are used interchangeably throughout the specification to refer to those who would use the present invention to purchase the goods or services and make secure payments, unless specified otherwise. • [0104] The terms “service provider”, “delivery partner”, “merchant”, “vendor”,

“retailer”, “business owners” and the plural form of these terms are used interchangeably throughout the specification to refer to those who are the providers of the goods or services and to whom money is paid, unless specified otherwise.

[0105] The terms “software program”, “service application”, “computer program”, ⁰ “mobile application”, “app”, and the plural form of these terms are used interchangeably throughout the specification to refer to a set of computer executable instructions which are executed by the processing units to execute the various features of the virtual address ID system of the present invention, unless specified otherwise.

[0106] FIG. 1 schematically illustrates an exemplary system architecture 100 where • various embodiments of the present invention are implemented. The system architecture

100 includes a virtual address ID system 110 connected to a plurality of end users 106 using their respective user devices 104, service providers 108, and financial institutions

102 via a communication network 112. [0107] Further, the user devices 104 may refer to electronic devices that may be utilized by individuals (buyer, customers, or consumers) to access and communicate with the virtual address ID system 110. In an embodiment of the present invention, the user devices 104 are portable wireless communication devices such as but not restricted to smart-phones, laptops, tablets, wearables, PDA, smart-watch, etc. Further, the merchant devices may refer to electronic devices that may be utilized by service providers, retailers, or business owners to communicate with the virtual address ID system 110. In an embodiment, the service provider devices or vendor device may also be able to directly communicate with the user devices 104 using, for example, short range communication.

• [0108] Examples of the user devices 104 and the vendor devices 108 may include, but are not restricted to, a desktop computer, a laptop, a mobile/cell phone, a smart phone, a personal digital assistant (PDA), a tablet computer, and the like. The vendor devices 108 may also include POS devices. The user 106 interacts with the user device 104 through user interface (not shown), wherein the user interface can be any

⁰ interface known in the art, such as, Graphical User interface (GUI), Touch-screen, keyboard, keypad, mouse, and combinations thereof.

[0109] The virtual address ID system 110 mentioned in the present invention refers to a remote server which is configured to provide various functionalities of the present invention and is utilized for implementing secure transactions and delivery of items

• without requiring the users to share their personal details with the third parties. According to an embodiment, the server is configured to provide various functionalities of the present invention with execution of a set of instructions, stored on a memory, by a processor. Further, the communication network 112 can be such as, but not limited to, Wi-Fi, cellular network, Local Area Network (LAN), Wide Area Network (WAN), Metropolitan Area Network (MAN), PSTN, internet, GPRS, GSM, CDMA network,

Ethernet, fiber optics, and so forth.

[0110] The financial institutions represent one or more servers 102 connected with the virtual address ID system that are configured to work in association with the virtual address ID system 110. According to an embodiment, the servers of the financial institution 102 may comprise one or more processing units suitably designed and programmed to handle requests from the virtual address ID system 110. According to an embodiment, the servers of the financial institution 102 may be a hardware module, a software module, or a combination thereof. • [0111] According to an embodiment, the virtual address ID system 110 is hosted on a web server and can be accessed using the user devices 104 and service providers 108 by visiting a webpage using a browser running on the devices 104 and 108. According to another embodiment, the virtual address ID system 110 can be accessed using a service application running on user devices 104 and service provider devices 108. In an ⁰ exemplary embodiment of the present invention, the user devices 104 and service provider devices 108 are installed with a service application (e.g., mobile app, desktop software, etc.). In an embodiment of the present invention, the service application may be implemented as a software application (or a combination of software and hardware). In an embodiment of the present invention, the service application is based on a web and

• application infrastructure that use some external support SDK. In one embodiment of the present invention, the application program (e.g., service application) is downloaded from the internet and it is installed on the user device 104 and service provider devices 108. In another embodiment of the present invention, the application program is pre-installed or in-built in the user device 104 and service provider devices 108. [0112] Further, the service application installed in the user devices 104 and service provider devices 108 are configured to connect the devices 104 & 108 with multiple services offered using the virtual address ID system 110. For example, the service application installed in the user devices 104 are configured to allow the end users 106 to enroll on the virtual address ID system 110 to generate unique virtual address IDs.

According to some embodiments, the unique virtual address ID comprises numbers, letters, symbols, or a combination thereof. According to some other embodiments, the unique virtual address ID is a machine-readable code (e.g., QR code, barcode, RFID tag, etc.). Moreover, the service application installed in the service provider devices 104 are • configured to identify an end user 106 along with a preferred delivery address details using a unique virtual address ID of the end user 106, wherein the preferred delivery address is dynamic as per availability information of the end user 106. Furthermore, the service application may be configured to enable user devices 104 in performing secure transactions using respective virtual address IDs without disclosing identities or payment ⁰ account details. In another embodiment, the service application may be configured to enable user devices 104 in performing anonymous transactions with the service provider devices 108 using unique virtual address ID of the end users.

[0113] The user device 104 and service provider 108 comprise a communication interface (not shown) for performing communication with the virtual address ID system • 110 via the communication network 112. The communication interface can be such as, but not limited to, Ethernet port, Bluetooth, WiFi, LAN interface, NFC, Zigbee, Infrared port, cellular interface, radio interface, fiber optic port, or any other method known in the prior art. [0114] FIG. 2A schematically illustrates a block diagram of the virtual address ID system 110 according to an embodiment of the present invention. According to an embodiment, the virtual address ID system 110 is hosted on a remote server. As shown, the virtual address ID system 110 comprises a memory 123, processor 125, and a network interface module 129. The memory 123 further comprises a database 131 and an instruction set 127. The database 131 may include user specific dataset, for example, personal details of enrolled users, personal details of enrolled sellers, ongoing transactions, ongoing consignments, historic record, virtual address IDs linked with respective users’ personal details (postal address details, contact numbers, etc.). • According to an embodiment, the database 131 may store preferences (e.g., delivery preferences) associated with the virtual address ID of each user 106. According to an embodiment, the database 131 further includes a subscription database (not shown) wherein details of the enrolled user, access privileges, subscription level, and account administration data is stored. For purposes of illustration, a single database 131 is shown, ⁰ however, one of ordinary skill will recognize that information may be stored across multiple databases without any limitation. In the preferred embodiment of the present invention, the computer readable memory 123 and processors 125 are integral part of the virtual address ID system 110. In another embodiment, the memory 123 and processors 125 are not the integrated inside the virtual address ID system 110, and may be • implemented externally.

[0115] In the preferred embodiment of the present invention, the memory 123 is internal and non-removable memory. According to another embodiment of the present invention, the memory 123 is a removable memory. The memory 123 may either be a primary memory or a secondary memory such as, but not restricted to, such as, but not limited to, volatile memory, non-volatile memory, RAM, DRAM, SRAM, ROM,

EPROM, EEPROM, hard drive, magnetic memory, optical memory, flash memory, USB storage, data card, SD card, or any other memory known in the prior art. The network interface module 129 is designed to connect the virtual address ID system 110 with the network 112. The network interface module 129 may be a hardware-based module, a software -based module, or a combination thereof.

[0116] The processor 125 is configured to perform various functions and operations of the virtual address ID system 110 as described herein by executing suitable instruction set 127 stored in the memory 123, e.g., receiving, storing, processing, and transmitting • data stored in the memory 123. More specifically, the instruction set 127 stored in the memory 123 uses the processor 125 to perform actions that are defined further in conjunction with FIG. 5-10 of the present invention.

[0117] It shall be apparent to the person skilled in the art that the virtual address ID system is described in reference to a single memory and processor, but it shall not be ⁰ considered limiting and many changes and modifications may be made within the scope of the embodiments herein, without departing from the spirit and scope thereof, and the embodiments herein include all such modifications. Thereby, the present invention can also be modified to include a plurality of processors and memory modules to execute the secure transactions and delivery of items using virtual address ID. • [0118] FIG. 2B schematically illustrates a block diagram of the virtual address ID system 110 according to an embodiment of the present invention. As shown, the virtual address ID system 110 comprises various modules such as, but not limited to, a Virtual Address Generation Module 152, an Authentication & Risk Prediction Module 154, Correlation Module 156, a Transaction Processing Module 158, and a Presentation Module 160. According to an embodiment, these various modules (152-160) may be a hardware-based module, a software-based module, or a combination thereof. According to an embodiment, these various modules (152-160) may operate in alliance with each other to achieve various objectives of the present invention. According to an embodiment, the functionality of each module is defined in the instruction set 127 and stored in the memory 123 which when executed by the processor 125 causes the processor 125 to perform the desired operation.

[0119] The Virtual Address Generation Module 152 is responsible for generating unique virtual address IDs corresponding to each enrolled user, wherein the virtual • address IDs are used to execute secure transactions and secure delivery of items (goods/services) without the need to share the complete the complete personal details (e.g., user contact details and/or postal address details) with the third parties. The Virtual Address Generation Module 152 is configured to verify whether a new user and the one or more addresses thereof are previously enrolled on the virtual address ID system 110 ⁰ by comparing identity information and the associated one or more addresses with the plurality of previously enrolled users and their associated addresses. The Virtual Address Generation Module 152 is further configured to generate a unique virtual address ID for the new user upon determination that the first user and the one or more addresses are previously not enrolled on the virtual address ID system 110. • [0120] The Authentication & Risk Prediction Module 154 is suitably programmed to perform authorization and risk analysis before approving an ongoing transaction (e.g., ongoing payment and/or delivery of items). The Authentication & Risk Prediction Module 154 is configured to authenticate identity of the at least one enrolled buyer and/or the at least one enrolled seller before approving the ongoing transaction. The Authentication & Risk Prediction Module 154 is also suitably programmed to determine whether there is enough balance in the financial account, associated with the at least one enrolled buyer, to execute the ongoing transaction. The Authentication & Risk Prediction Module 154 is also suitably programmed to perform risk analysis to detect fraudulent activities associated with the at least one enrolled seller’s account and/or the at least one enrolled buyer’s account.

[0121] The Correlation Module 156 is configured to associate the unique virtual address ID of each enrolled user with personal details/identity information thereof, wherein the personal details/identity information comprise a full name of the user, date • of birth, national identification number, social security number, contact details, profile picture, and any combination thereof. The Correlation Module 156 is also configured to correlate ongoing transactions of each enrolled user using their unique virtual address ID thereof.

[0122] The Transaction Processing Module 158 is configured to communicate with ⁰ servers of the financial institutions 102 prior to the approval of the ongoing transaction.

The Transaction Processing Module 158 is designed to process ongoing transactions by communicating with the financial institutions 102. The Transaction Processing Module 158 is also programmed to function in association with the authentication and risk prediction module 154. • [0123] The Presentation module 160 is configured to deliver information associated with virtual address ID to the third parties (e.g., service providers 108 / end users 106). According to an embodiment, the Presentation module 160 is configured to fetch and provide a complete postal address using a unique virtual address ID of a user. Further, the

Presentation module 160 may be configured to deliver notifications to user devices 104 regarding the ongoing services and transactions related to their virtual address IDs. The presentation module 160 may include a presentation software application, firmware, or the like. The presentation module 160 may be transparent to the end user 106/ service providers 108 or may incorporate user interaction. The presentation module 160 may be located on the computer readable memory 123.

[0124] FIG. 3 schematically illustrates an exemplary flow diagram 300 for implementing secure transactions and delivery of items using the virtual address ID system 110 according to an embodiment of the present invention. In an example, the method 300 is implemented using the suitably programmed processing system 125 hosted • on the virtual address ID system 110, wherein the system 110 comprises one or more non- transitory computer-readable media 123 storing instructions executable by the one or more processors 125 to achieve the operation as described in FIG. 3.

[0125] In step 302, the virtual address ID system 110 hosted on the remote server receives a request from an end user 106a to generate a virtual address ID corresponding ⁰ to one or more mailing addresses and/or financial accounts of the user 106a. In step 304, the virtual address ID system 110 is configured to generate a unique virtual address ID for the end user 106a and link the with the unique virtual address ID with one or more mailing addresses and/or financial accounts of the user 106a. According to some embodiments, the unique virtual address ID is in form of a machine -readable code,

• wherein the machine-readable code is a QR code, a barcode, an RFID tag, and any combination thereof. According to some embodiments, the unique virtual address ID comprises numbers, letters, symbols, or a combination thereof. According to some embodiments, the unique virtual address ID is generated automatically and randomly by the virtual address ID system. According to some embodiments, the unique virtual address ID is selected manually by the user 106a provided that the user selected ID is unique and non-duplicate.

[0126] In step 306, a sender 106b of a consignment attaches the virtual address ID of the recipient user 106a with the consignment (e.g., on a label), and thereby provides the consignment along with the attached virtual address ID to a service provider 108 for the delivery of the consignment to the recipient user 106a as shown in step 308, wherein the recipient user 106a is enrolled on the virtual address ID system 110. According to an embodiment, the sender 106b is not aware of the delivery addresses of the recipient user 106a and only has the virtual address ID of the user 106a. According to an embodiment, • the sender 106b may or may not be registered on the virtual address ID system 110.

[0127] In step 310, the service provider 108 sends a request to the virtual address ID system 110 containing the virtual address ID of the recipient user 106a. In step 312, the virtual address ID system 110 determines and provides a suitable delivery address of the recipient user 106a by processing the received virtual address ID of the user 106a. According to some embodiments, the virtual address ID system 110 is configured to determine and select the suitable delivery address in accordance with the delivery preferences specified by the recipient user 106a, thereby the delivery addresses are dynamic as per the delivery preferences specified by the recipient user 106a.

[0128] In step 314, the virtual address ID system 110 is programmed to generate and • share a tracking ID with the recipient user 106a and/or the sender 106b to facilitate realtime tracking of the consignment. The virtual address ID system 110 is further configured to link the details of the consignment and the tracking ID with the virtual address ID of the user 106a and store the linked information thereof. According to an embodiment, the virtual address ID system 110 may also provide a one-time password to the recipient user 106a for secure delivery of the consignment.

[0129] In step 316, the recipient user 106a provides identity information to the service provider 108 at the time of delivery of the consignment to facilitate secure delivery. For example, the recipient user 106a may provide signatures and/or one-time password with the service provider 108. In step 318 & 320, the service provider 108 may access the virtual address ID system 110 to verify if the recipient user 106a is an authenticated recipient of the consignment. For example, the service provider 108 may compare signatures provided by the recipient user 106a at the time of the delivery with • the original signatures stored in the database 131 along with the virtual address ID at the time of registration to check if the recipient user is an authenticated recipient.

[0130] In step 322, the service provider 108 (e.g., delivery personnel) hands over the consignment to the recipient user 106a if the if the recipient user 106a is determined to be an authenticated recipient of the consignment. Thus, secure delivery of the ⁰ consignment is implemented by verifying the identity information associated with the recipient user 106a.

[0131] In step 330, the virtual address ID system 110 is configured to access bank servers to make payments. For example, payment form a financial account of the user 106a may be deducted by using the virtual address ID of the user 106a. • [0132] FIG. 4 schematically illustrates an exemplary architecture of the virtual address ID system 110 according to an embodiment of the present invention.

[0133] The virtual address ID system 110 may include any relational databases 131 including, without limitation, Oracle, SQL Server (Microsoft), DB2 UDB (IBM), Sybase, MySQL, PostgreSQL, and the like. For example, the SQL server database is utilized to query the system catalogs. The virtual address ID system 110 may also include an app server which provide web application for users to access through a browser as well as mobile apps. [0134] The virtual address ID system 110 may also provide an integrated authentication service using Certificate Oauth2 by generating a token for proof of identity and a certificate for establishing secure communications between the users (106, 108) and the system 110.

[0135] The virtual address ID system 110 may also include an Application • Programming Interface (API) for web-based application for providing functions for interacting with financial institutions and/or service providers. For example, the financial institution servers may be connected to the virtual address ID system 110 through REST APIs to access data linked to the virtual address IDs. Furthermore, the native apps (ios apps, android apps, etc.) retrieve all the necessary services through the Rest protocol. ⁰ [0136] According to various embodiments of the present invention, the virtual address ID system 110 may include a reporting tool and/or a statistical module. In an exemplary embodiment of the present invention, the reporting tool may include a Jasper Report server. The Jasper Report server facilitates generating various reports related to analysis of user behavior towards products, services and other aspects related to the • customer's relationship with the service providers.

[0137] Furthermore, the virtual address ID system 110 may be implemented using application programs (mobile apps, desktop software, ios apps, android apps, etc.) and/or as a web-based service, wherein the end user can perform the desired operation through the web portal or mobile applications.

[0138] FIG. 5 schematically illustrates a flow diagram depicting a method 500 for generating unique virtual address IDs according to an embodiment of the present invention. The present invention enables a user 106 to enroll on the virtual address ID system 110 and generate a permanent and unique virtual address ID for personal and financial details of the user 106. According to an embodiment, the personal details may include a full name of the user, date of birth, postal addresses, national identification number, social security number, contact details, profile picture, and any combination • thereof. According to an embodiment, the financial details may include financial account details, credit card details, debit card details, and/or digital wallet account of the user 106.

[0139] In one example, the process of generating the virtual address ID is implemented at least in part using suitable service applications which is executed by the user device 104 and/or a service provider devices 108, and in part using a suitably ⁰ programmed processing system hosted on a remote server 110 (i.e., virtual address ID system). In another example, the process of generating the virtual address ID is implemented using the suitably programmed processing system hosted on the virtual address ID system 110.

[0140] FIG. 5 illustrates an exemplary flow diagram of steps executed on the virtual • address ID system 110 based on inputs and information received from one or more users

106 using their respective user devices 104. It shall be apparent to the person skilled in the art that the invention is described for generating the virtual address ID for end users, but it should not be considered limiting and many changes and modifications may be made within the scope of the embodiments herein, without departing from the spirit and scope thereof, and the embodiments herein include all such modifications. Thereby, the present invention can also be modified to generate virtual address IDs for service providers 108, wherein the virtual address IDs may provide information about for example, contact details of the service provider, goods or services offered by the service provider, website details of the service provider, and more.

[0141] The process of generating the virtual address ID begins at step 502 when a registration request is received by the virtual address ID system 110 to generate a virtual address ID. According to an embodiment, the request to generate a virtual address ID is received from one or more end users 106 (e.g., first user 106). According to another • embodiment, the request to generate a virtual address ID is received from one or more service providers 108. According to an embodiment, the registration request comprises identity information of the user 106, wherein the identity information comprises a full name of the user, date of birth, national identification number, social security number, contact details, profile picture, and any combination thereof. ⁰ [0142] In step 504, the virtual address ID system 110 receives one or more addresses of the first user 106, wherein each address indicates a complete postal address of the first user 106. According to an embodiment, each of the one or more addresses comprises any combination of a house number, an office number, an apartment number, building name, floor number, nearby landmark details, a street address, a city name, a state name, a zip • code, an email address, contact details, and a country name.

[0143] In step 506, the virtual address ID system 110 is configured to receive one or more documents to substantiate that the one or more addresses are associated with the first user 106, wherein the one or more documents are received directly from the first user

106, or fetched from third-party authentication agencies (e.g., government agencies). [0144] In step 508, the virtual address ID system 110 is configured to verify whether the first user 106 and the one or more addresses are previously enrolled on the virtual address ID system. According to an embodiment, the verification step is performed by comparing any of the received identity information and the associated one or more addresses with the plurality of previously enrolled users and their associated addresses.

According to an embodiment, the virtual address ID system 110 is configured to store details of the previously enrolled users and their associated addresses in the database 131 of the computer readable memory 123.

[0145] In step 508, the virtual address ID system 110 is configured to generate a • unique virtual address ID upon determination that the first user 106 and the one or more addresses are previously not enrolled on the virtual address ID system 110. According to an embodiment, the unique virtual address ID for the first user 106 is generated automatically and randomly by the virtual address ID system 110. According to another embodiment, the step of generating a unique virtual address ID further comprises ⁰ facilitating, by the virtual address ID system 110, the first user 106 to provide inputs to select a preferred virtual address ID. The step further comprises determining whether the preferred virtual address ID selected by the first user 106 is unique and non-duplicate by comparing the preferred virtual address ID with the previously generated and stored unique virtual address IDs corresponding to each of the plurality of enrolled users. • [0146] In step 512, the virtual address ID system 110 is configured to associate the generated unique virtual address ID with the first user 106 and thereby with the one or more addresses of the first user 106. According to an embodiment, the preferred virtual address ID selected by the first 106 is associated with the one or more addresses and personal details information of the first user 106 if the selected virtual address ID is determined to be unique and non-duplicate. According to another embodiment, the randomly and automatically generated unique virtual address ID of the first user 106 is linked to the one or more addresses and personal details of the first user 106. It shall be apparent to the person skilled in the art that the invention is described in reference to linking one or more addresses and personal details of the user, it should be not be considered limiting. According to an embodiment, the generated unique virtual address ID may be linked with financial accounts (credit card details, bank account details, debit card details, etc.) of the first user 106.

[0147] In step 514, the virtual address ID system 110 is configured to store the • generated unique virtual address ID associated with the first user and the one or more addresses thereof in the database 131. Further, in step 516, the virtual address ID system 110 is configured to activate the generated unique virtual address ID of the first user 106, wherein the unique virtual address ID is utilized for delivering shipments and services corresponding to the one or more addresses associated with the unique virtual address ID ⁰ of the first user 106.

[0148] FIG. 6 schematically illustrates a flow diagram depicting a method 600 for facilitating secure delivery of consignments using unique virtual address IDs according to an embodiment of the present invention. In an example, the method 600 is implemented using the suitably programmed processing system 125 hosted on the virtual address ID • system 110, wherein the system 110 comprises one or more processors 125 and one or more non-transitory computer-readable media 123 storing instructions executable by the one or more processors 125.

[0149] In step 602 and 604, the instructions stored in memory 123 configure the one or more processors 125 to enroll a plurality of users into a virtual address ID system 110 hosted on the remote server, wherein the virtual address ID system 110 contains unique virtual address IDs each associated with one or more addresses of at least one of the plurality of enrolled users 106 in the database 131. According to an embodiment, the database 131 further includes user information linked to their virtual address ID, wherein the user information may be such as, but not limited to, details of one or more mailing addresses delivery preferences, personal details, social security number, bank account details, and contact details.

[0150] In step 606, the instructions stored in memory 123 configure the one or more processors 125 to enroll one or more service providers 108 into a virtual address ID • system 110, wherein the one or more service providers 108 are responsible for providing services and shipments to the plurality of enrolled users 106.

[0151] In step 608, the instructions stored in memory 123 configure the one or more processors 125 to receive, from a first service provider 108, a first virtual address ID associated with a first user, wherein the first user is one of the plurality of enrolled ⁰ users 106. In an embodiment, a sender of a consignment shares the virtual address ID associated with a first user with the first service provider 108 for delivery of the consignment.

[0152] In step 610, the instructions stored in memory 123 configure the one or more processors 125 to identify one or more addresses linked to the received first virtual • address ID. According to an embodiment, the one or more addresses linked to the received first virtual address ID are stored in the database 131 which are thereby retrieved by the one or more processors 125 using the first virtual address ID. [0153] In step 612, the instructions stored in memory 123 configure the one or more processors 125 to retrieve user preferences associated with the one or more addresses linked to the first virtual address, wherein the user preferences comprise preferred delivery time for each of the one or more addresses. According to an embodiment, the delivery preferences are defined by the user which are thereby stored in the database 131 linked with the virtual address ID of the user.

[0154] In step 614, the instructions stored in memory 123 configure the one or more processors 125 to determine and select a suitable or preferred delivery address of the first user based on the user preferences, wherein the suitable delivery address is a

• complete postal address specified by the first user. To achieve this, the one or more processors 125 are configured to retrieve delivery preferences associated with the virtual address ID of the first user from the database 131, thereby the one or more addresses are dynamically selected based on the availability information of the first user for the one or more addresses. According to some embodiments, the virtual address ID

⁰ system 110 is further configured to store and maintain the historical record of the past services delivered to the first user using the first virtual address ID, wherein the historical record includes date and time of delivery of consignments, details of the corresponding service providers, details of the receiving person along with contact details, photo ID of the receiving person, signatures of receiving person, details of consignors linked with

• associated consignments, details of portals used for online registration along with a timestamp, details of shipments in progress, and any combination thereof. According to an embodiment, these details may also be utilized by the virtual address ID system 110 to determine the suitable delivery address. According to another embodiment, the virtual address ID system 110 may employ artificial intelligence and machine learning to determine the suitable delivery address. According to some embodiments, the virtual address ID system 110 is further configured to automatically select the preferred address from a plurality of addresses associated with the first virtual address ID based on predefined delivery preferences, a historical record indicating past service delivery trends, and a combination thereof. According to another embodiment, the virtual address

ID system 110 may employ artificial intelligence and machine learning to determine intermittent plans for successful and timely distribution of shipments to customers by performing predictive analysis to identify imminent shipment delays, traffic bottlenecks, and/or supply-chain issues. • [0155] According to some embodiments, the virtual address ID system 110 is further configured to send a message to the first user to confirm the suitable delivery address for delivery of the consignment. The virtual address ID system 110 is further configured to facilitate the first user to modify the suitable delivery address by receiving inputs from the first user. The virtual address ID system 110 is further configured to updating the ⁰ suitable delivery address in the virtual address ID system in accordance to inputs received from the first user. The virtual address ID system 110 is further configured to share the updated suitable delivery address with the first service provider 108 before the delivery of the consignment. According to some embodiments, the virtual address ID system 110 is further configured to redirect delivery of the consignment to a new address associated

• with a second virtual address ID of a second user upon approval by any one or both of the first user and the second user, wherein a request to redirect delivery is received from the first user (i.e., from original recipient of the consignment).

[0156] In step 616, the instructions stored in memory 123 configure the one or more processors 125 to provide the determined suitable delivery address to the first service provider for initiating the delivery of the consignment designated to the first user.

According to some embodiments, the virtual address ID system 110 is configured to block access of one or more of identity information of the first user, financial accounts of the first user, and the one or more addresses linked with the first virtual address ID to unauthorized service providers, wherein the unauthorized service providers are either designated by the first user or automatically detected by the virtual address ID system 110 by identifying the fraudulent activities associated with the unauthorized service providers. According to some embodiments, the virtual address ID system 110 is configured to facilitating real-time tracking of one or more consignments intended to the • first user. To achieve this objective, the virtual address ID system is configured to receive details of a consignment designated to the first virtual address ID from the first service provider 108, wherein the details of the consignment comprise the first virtual address ID, consignor name, purpose of the consignment, date and time of consignment origination, contact details of the consignor, originating location, and any combination ⁰ thereof. The virtual address ID system 110 is further configured to generate a tracking ID for the consignment and sharing the generated tracking ID with any or both of the first user and the consignor to facilitate real-time tracking of the consignment. The virtual address ID system is further configured to link the details of the consignment and the tracking ID with the first virtual address ID and storage thereof. • [0157] In step 618, the virtual address ID system 110 is further configured to facilitate secure delivery of the consignment by verifying the identity information associated with the first user, wherein the identity information comprises one or more of a photograph of the first user, a password, a date of birth, and signatures of the first user. For example, the first service provider is facilitated by the virtual address ID system 110 to verify the first user before delivery of the consignment by providing identity information of the first user. According to an embodiment, the instructions stored in memory 123 configure the one or more processors 125 to generate and share a one-time password associated with the consignment with the first user. The instructions further configure the one or more processors 125 to facilitate the first service provider to submit a password received from the first user at the time of delivery of the consignment. The instructions configure the one or more processors to enable secure delivery of the consignment at the suitable delivery address if the password submitted by the first service provider matches with the one-time password shared with the first user. • [0158] FIG. 7 schematically illustrates a flow diagram depicting a method for facilitating secure transactions using temporary virtual address IDs according to an embodiment of the present invention. In an example, the method 700 is implemented using the suitably programmed processing system 125 hosted on the virtual address ID system 110, wherein the system 110 comprises one or more non-transitory computer- ⁰ readable media 123 storing instructions executable by the one or more processors 125.

[0159] In step 702, the virtual address ID system 702 is configured to facilitate a user 106 to generate a temporary virtual address ID, wherein the temporary virtual address ID is either generated randomly and automatically by the system 110 or the user 106 is facilitated to manually select the temporary virtual address ID provided that the manually

• selected ID is unique and non-duplicate.

[0160] In step 704, the virtual address ID system 110 is further configured to enable the user 106 to associate the temporary virtual address ID with the at least one complete postal address and/or financial account details of the user 106. [0161] In step 706, the virtual address ID system 110 is further configured to enable the user to set a validity period of the temporary virtual address ID, wherein the validity period defines the expiry time-limit of the temporary virtual address ID. According to an exemplary embodiment, the validity period of the temporary virtual address ID may be defined automatically by the virtual address ID system 110. According to another exemplary embodiment, the validity period of the temporary virtual address ID may have a default value.

[0162] In step 708, the virtual address ID system 110 is further configured to receive the temporary virtual address ID associated with the user from a service provider for • delivering one or more services to the user or for executing a financial transaction.

[0163] In step 710, the virtual address ID system 110 is further configured to determine whether the validity period associated with the temporary virtual address ID is expired.

[0164] In step 712, the virtual address ID system 110 is further configured to process ⁰ an ongoing transaction associated with the temporary virtual address ID if the predefined validity period associated with the temporary virtual address ID is determined to be not expired. In another example, the virtual address ID system 110 is further configured to retrieve and share, with the service provider, a suitable delivery address of the user associated with the temporary virtual address ID if the predefined validity period • associated with the temporary virtual address ID is determined to be not expired. Thereby, by using the present invention, the secure transactions are executed without sharing the actual account details with the third parties. Also, the delivery addresses of the user are shortened and failure in shipments due to typographic errors in the postal addresses may be avoided as the accurate preferred delivery addresses are automatically selected using the virtual address IDs.

[0165] FIG. 8 schematically illustrates a flow diagram depicting a method 800 for automatically filling online registration forms (e.g., ticket booking forms containing user’s personal details and address related information, examination forms, sign up forms, registration forms, service applications, etc.) using virtual address IDs according to an embodiment of the present invention. The method begins at step 802, wherein the virtual address ID system 110 is configured to receive a request to fill an online registration form from an online registration portal, wherein the request comprises the first virtual address • ID associated with a first user 106 along with details of various fields to be filled for the online registration. In step 804, the virtual address ID system 110 is configured to search relevant details to be filled in the online registration portal, wherein the relevant details are searched using the received virtual address ID.

[0166] In step 806, the virtual address ID system 110 is configured to retrieve ⁰ relevant details related to various fields to be filled for the online registration using the received virtual address ID of the user, wherein the relevant details comprise such as, but without limitation, a complete postal address, contact details, social security number, and user personal details. In step 808, the virtual address ID system 110 is further configured to share the retrieve relevant details with the online registration portal. • [0167] In step 810, the virtual address ID system 110 facilitates securely filling retrieved relevant details associated with the user during online form registration or ticket booking procedure using the unique virtual address ID, wherein the retrieved relevant details comprise any of full name of the user, postal address details of the user (e.g., permanent address, residential address, business address, etc.), date of birth, unique national identification number, gender information, marital status, email-ID, contact details, and any combination thereof.

[0168] FIG. 9A & FIG. 9B schematically illustrates a flow diagram depicting a method 900 for implementing virtual address ID based secure transactions according to an embodiment of the present invention.

[0169] The process begins at step 902, wherein the virtual address ID system 110 is configured to enroll a plurality of sellers 108 into the virtual address ID system 110 hosted on a remote server, wherein the virtual address ID system contains a unique virtual address ID corresponding to each of the plurality of enrolled sellers. In step 904, the • virtual address ID system 110 is further configured to associate one or more financial accounts of each of the plurality of enrolled sellers 108 with their respective virtual address ID.

[0170] In step 906, the virtual address ID system 110 is configured to enroll one or more buyers 106 into the virtual address ID system 110, wherein the virtual address ID ⁰ system contains a unique virtual address ID corresponding to each of the plurality of enrolled buyers 106. In step 908, the virtual address ID system is further configured to associate one or more addresses and one or more financial accounts of each of the plurality of enrolled buyers 106 with their respective virtual address ID.

[0171] In step 910, the virtual address ID system 110 is further configured to receive • a transaction request from any one or both of at least one enrolled buyer 106 and at least one enrolled seller 108 to process a first transaction, wherein the transaction request comprises at least a virtual address ID of the at least one enrolled buyer 106, details of the first transaction, and a virtual address ID of the at least one enrolled seller 108. [0172] In step 912, the virtual address ID system 110 is further configured to identify financial accounts associated with the at least one enrolled buyer 106 and the at least one enrolled seller 108 using their respective virtual address IDs received in the transaction request. [0173] In step 914, the virtual address ID system 110 is further configured to facilitate authorization and risk analysis before approving the first transaction. According to some embodiments, the virtual address ID system 110 is configured to facilitate authorization and risk analysis before approving the first transaction by authenticating identity of the at least one enrolled buyer 106 and/or the at least one enrolled seller 108.

• The virtual address ID system 110 is further configured to determine whether there is enough balance in the financial account, associated with the at least one enrolled buyer 106, to execute the first transaction. The virtual address ID system 110 is further configured to perform risk analysis to detect fraudulent activities associated with the at least one enrolled seller’s account 108 and/or the at least one enrolled buyer’s account 106.

[0174] In step 916, the virtual address ID system 110 is further configured to facilitate debit of a payable amount corresponding to a purchased item from a financial account of the at least one enrolled buyer 106 if the authorization and risk analysis is determined to be safe. • [0175] In step 918, the virtual address ID system 110 is further configured to hold release of the payable amount until the purchased item is delivered to the at least one enrolled buyer 106. According to some embodiments, the virtual address ID system 110 is further configured to send a notification to the at least one enrolled seller 108 and/or buyer 106 indicating that the payable amount related to the first transaction is debited from the account of the at least one enrolled buyer 106 and reserved securely in the virtual address ID system 110 until the purchased item is delivered to the at least one enrolled buyer 106.

[0176] In step 920, the virtual address ID system 110 is further configured to determine a suitable delivery address of the at least one enrolled buyer 106 by processing the virtual address ID linked to the at least one enrolled buyer 106, wherein the suitable delivery address is a complete postal address of the enrolled buyer 106 selected for the delivery of purchased items. According to some embodiments, the virtual address ID system 110 is configured to receive, from the at least one enrolled buyer 106, delivery • preferences associated with the one or more addresses, wherein the delivery preferences comprise preferred delivery time corresponding to each delivery address. The virtual address ID system 110 is further configured to storing the delivery preferences associated with the one or more addresses along with the unique virtual address ID of the at least one enrolled buyer 106. The virtual address ID system 110 is further configured to ⁰ determine and select the suitable delivery address in accordance with the delivery preferences specified by the at least one enrolled buyer 106, thereby the delivery addresses are dynamic as per the delivery preferences specified by the at least one enrolled buyer.

[0177] In step 922, the virtual address ID system 110 is further configured to provide • the suitable delivery address to the at least one enrolled seller 108 for initiating delivery of the purchased item.

[0178] According to some embodiments, the virtual address ID system 110 is configured to send a message to the at least one enrolled buyer 106 to confirm the suitable delivery address for delivery of the consignment. The virtual address ID system 110 is further configured to enable the at least one enrolled buyer 106 to modify the suitable delivery address by receiving inputs related to modifications. The virtual address ID system 110 is further configured to update the suitable delivery address in the database 131 in accordance to inputs received from the at least one enrolled buyer 106. The virtual 0 address ID system 110 is further configured to share the updated suitable delivery address with the at least one enrolled seller 108 before the delivery of the consignment.

[0179] In step 924, the virtual address ID system 110 is further configured to receive a confirmation message from the at least one enrolled buyer 106 indicating whether the purchased item has been delivered successfully by the at least one enrolled seller 108.

D [0180] According to some embodiments, the virtual address ID system 110 is configured to generate and share a one-time password associated with the first transaction with the at least one enrolled buyer 106. The virtual address ID system 110 is further configured to enable the at least one enrolled seller 108 to submit a password received from the at least one enrolled buyer 106 at the time of delivery of the purchased item.

1⁰ The virtual address ID system 110 is further configured to facilitate secure delivery of the consignment if the password submitted by the at least one enrolled seller 108 matches with the one-time password shared with the at least one enrolled buyer 106. The virtual address ID system 110 is further configured to facilitate release of the payable amount to the financial account associated with the virtual address ID of the at least one enrolled

• seller 108 if the password submitted by the at least one enrolled seller 108 matches with the one-time password shared with the at least one enrolled buyer 106.

[0181] In step 926, the virtual address ID system 110 is further configured to facilitate release of the payable amount to the financial account associated with the virtual address ID of the at least one enrolled seller 108, wherein the payable amount is released upon determination that the purchased item is successfully delivered to the at least one enrolled buyer 106. Thus, the virtual address ID associated with the at least one enrolled buyer is utilized for making online transactions and bill payments without sharing or disclosing the one or more addresses and the financial accounts associated with the at least one enrolled buyer to the third parties.

[0182] FIG. 10 schematically illustrates a flow diagram depicting registration process 1000 on the virtual address ID system 110 according to an embodiment of the present invention. The process begins in step 1002 wherein a user 106 visits a web-page of the virtual address ID system 110 using a browser or dedicated application program • running on the user device 104. The user is facilitated to provide various details such as but not limited to, identity information of the user 106, social security number, and/or one or more addresses of the user 106.

[0183] In step 1004, the virtual address ID system 110 is configured to determine whether the user 106 is already subscribed, wherein the determination is performed by ⁰ comparing the user provided details with details of the previously subscribed users.

[0184] If the user is determined to be already subscribed, then the process moves to step 1006, wherein the user 106 is facilitated to sign-in the virtual address ID system 110 to access various services over by the system.

[0185] However, if the user 106 is determined to be a new user, then the registration • process for the user 106 is initiated as shown in step 1008. During the registration process, the user 106 is facilitated to generate a unique virtual address ID and link the virtual address ID with one or more mailing addresses and/or financial accounts of the user 106. [0186] FIG. 11 schematically illustrates a flow diagram depicting use of virtual address ID system according to an embodiment of the present invention. As illustrated in FIG. 11, a user (e.g., customer, seller, business owner, legal user, etc.) are allowed to enter identity information and fill registration forms for enrolling in the virtual address ID system 110. The virtual address ID system 110 is further configured to validate user’s mobile number after successful registration of the information by sending a one-time password. A user is registered on the portal if the shared one-time password matches with the user provided password. In a scenario, if the one-time password is not received by the user (e.g., customer, seller, business owner, legal user, etc.), a request to resent the code • may be initiated. Thus, only the verified users are allowed to use the services provided by the virtual address ID system 110.

[0187] FIG. 12 schematically illustrates a flow diagram depicting a method 1200 of registering on the virtual address ID system according to an embodiment of the present invention. The process starts when a request from a new user is received to create a virtual ⁰ address ID (herein also referred as mobile address ID), wherein the request includes identity information of the new user. In next step, a unique virtual address ID is generated and linked with one or more postal addresses of the user. Further, it is determined whether any payment is required from the user to use the services offered by the virtual address ID system. If it is determined that the payment is required, then options are provided to • make online payments. In the next steps, the virtual address ID is verified by the expert along with information (e.g., identity information, postal addresses, etc.) provided by the user. Once verified by the expert, the virtual address ID for the new user is activated to send shipments and process transactions linked to the new user. [0188] FIG. 13 schematically illustrates a flow diagram depicting various features of the virtual address ID system according to an embodiment of the present invention. For example, the virtual address ID system 110 enables a registered user to add new addresses and/or edit already linked address details associated with the virtual address ID of registered the user. Further, the virtual address ID system 110 enables the registered user to define personalized notification settings related to consignments and transactions. Additionally, the virtual address ID system 110 implements the address search option to enable an authenticated user to search addresses linked to the virtual address ID (mobile address ID), wherein the authenticated user provides the desired virtual/mobile address • ID to view information linked with the virtual address ID. According to an embodiment, owner of the virtual address ID may define and limit what information may be accessible to the third parties. Moreover, the virtual address ID system 110 facilitates data related to previously executed and ongoing transactions and consignments linked to the virtual address ID. In an embodiment, the statement including consignment record can be ⁰ downloaded by the registered user. The virtual address ID system 110 also facilitates the tracking of the ongoing shipments linked to the virtual address ID.

[0189] As apparent from the foregoing specifications, the invention includes a provision to link one or more addresses and/or financial accounts of a user with unique virtual address IDs to avoid loss of shipments due to typographic errors in the postal • address. Also, the novel technique as described in the present invention facilitates execution of secure transactions using virtual address IDs, thus without sharing the actual financial account details with the sellers and the third parties. Thus, the present invention decimates problems of the prior art systems as the solution proposed by the present invention prevents the user account theft that captures the user account details during the execution of the transactions over the internet.

[0190] While the disclosed embodiments of the subject matter described herein have been shown in the drawing and fully described above with particularity and detail in connection with several exemplary embodiments, it will be apparent to those of ordinary skill in the art that many modifications, changes, and omissions are possible without materially departing from the novel teachings, the principles and concepts set forth herein, and advantages of the subject matter recited in the appended claims. Hence, the proper scope of the disclosed innovations should be determined only by the broadest • interpretation of the appended claims so as to encompass all such modifications, changes, and omissions. In addition, the order or sequence of any process or method steps may be varied or re-sequenced according to alternative embodiments.

Claims

WHAT IS CLAIMED IS:

1. A computer-implemented method, executable at a remote server, for generating unique virtual address IDs, the method comprising: receiving a request from a first user for enrolling in a virtual address ID system hosted on the remote server, wherein the request comprises identity information of the first user; receiving one or more addresses of the first user, wherein each address indicates a complete postal address of the first user; verifying whether the first user and the one or more addresses are previously enrolled • on the virtual address ID system by comparing any of the received identity information and the associated one or more addresses with the plurality of previously enrolled users and their associated addresses; generating a unique virtual address ID upon determination that the first user and the one or more addresses are previously not enrolled on the virtual address ID ⁰ system; associating the generated unique virtual address ID with the first user and thereby with the one or more addresses of the first user; storing the generated unique virtual address ID associated with the first user and the one or more addresses thereof; and

• activating the generated unique virtual address ID of the first user, wherein the unique virtual address ID is utilized for delivering shipments and services corresponding to the one or more addresses associated with the unique virtual address ID of the first user.

2. The method of claim 1, wherein the identity information comprises a full name of ⁰ the first user, date of birth, national identification number, social security number, contact details, profile picture, and any combination thereof.

65

3. The method of claim 1, wherein each of the one or more addresses comprises any combination of a house number, an office number, an apartment number, building name, floor number, nearby landmark details, a street address, a city name, a state name, a zip code, an email address, contact details, and a country name.

4. The method of claim 1 further comprising receiving one or more documents to substantiate that the one or more addresses are associated with the first user.

5. The method of claim 4, wherein the one or more documents are received from the first user, government agencies, or third-party authentication agencies.

6. The method of claim 1, wherein the unique virtual address ID is generated • automatically and randomly by the virtual address ID system hosted on the remote server.

7. The method of claim 1, wherein the step of generating a unique virtual address ID further comprising: facilitating the first user to provide inputs to select a preferred virtual address ID; determining whether the preferred virtual address ID selected by the first user is ⁰ unique and non-duplicate by comparing the preferred virtual address ID with the previously generated and stored unique virtual address IDs corresponding to each of the plurality of enrolled users; and associating the preferred virtual address ID with the first user and the one or more addresses of the first user if the preferred virtual address ID is determined to be • unique and non-duplicate.

8. The method of claim 1 further comprising: receiving, from the first user, delivery preferences associated with the one or more addresses, wherein the delivery preferences comprise preferred delivery time for each of the one or more addresses;

⁰ storing the delivery preferences associated with the one or more addresses along with the unique virtual address ID of the first user; and determining and selecting a suitable delivery address in accordance with the delivery preferences specified by the first user, thereby the delivery addresses are

66 dynamically selected based on the preferred delivery time specified by the first user.

9. The method of claim 1, wherein the unique virtual address ID is a permanent address identifier configured to remain unaltered even when the one or more postal addresses associated with the first user are updated.

10. The method of claim 1, wherein the activated unique virtual address ID is utilized for sending and receiving shipments without sharing or disclosing one or more postal addresses associated with the first user to the third parties.

11. The method of claim 1, wherein the activated unique virtual address ID is utilized • for making online transactions and bill payments without sharing or disclosing one or more postal addresses associated with the first user to the third parties.

12. The method of claim 1, wherein the activated unique virtual address ID facilitates securely filling identity details associated with the first user during online form registration or ticket booking procedure, wherein the identity details comprise any of full ⁰ name of the first user, postal address details of the first user, date of birth, unique national identification number, contact details, and any combination thereof.

13. The method of claim 1 further comprising: receiving, from the first user, inputs to modify the one or more addresses associated with the unique virtual address ID of the first user, wherein the modifications in • the one or more addresses comprise editing the one or more addresses, deletion of one or more previously registered addresses, adding one or more new addresses, or a combination thereof; receiving one or more documents to substantiate the modifications in the one or more addresses; modifying the one or more addresses in accordance to the received inputs upon verification of the one or more documents; and associating the modified one or more addresses with the unique virtual address ID corresponding to the first user.

67

14. The method of claim 1, wherein the unique virtual address ID comprises numbers, letters, symbols, or a combination thereof.

15. The method of claim 1, further comprising generating a machine-readable code corresponding to the unique virtual address ID of the first user to facilitate delivery of one or more services to the first user, wherein the machine-readable code is a QR code, a barcode, an RFID tag, and a combination thereof.

16. The method of claim 1, wherein the virtual address IDs are unique for each of the plurality of enrolled users and are thereby different from postal codes.

17. The method of claim 1, further comprising: • generating one or more virtual address sub-IDs, each corresponding to a unique postal address of the first user, wherein the virtual address sub-IDs are temporary virtual address IDs each having a pre-defined validity period; registering the unique virtual address ID as the primary address ID of the first user and linking it with the one or more virtual address sub-IDs; ⁰ receiving a first virtual address sub-ID associated with the first user from a service provider; determining whether a pre-defined validity period associated with the first virtual address sub-ID is expired; and retrieving and providing a complete postal address of the first user associated with

• the first virtual address sub-ID to the service provider if the predefined validity period associated with the first virtual address sub-ID is determined to be not expired.

18. A computer-implemented method, executable at a remote server, for implementing virtual address ID based secure services, the method comprising: enrolling a plurality of users into a virtual address ID system hosted on the remote server, wherein the virtual address ID system contains unique virtual address IDs each associated with one or more addresses of at least one of the plurality of enrolled users;

68 enrolling one or more service providers into a virtual address ID system, wherein the one or more service providers are responsible for providing services and shipments to the plurality of enrolled users; receiving, from a first service provider, a first virtual address ID associated with a 0 first user, wherein the first user is one of the plurality of enrolled users; determining a preferred address of the first user by processing the received first virtual address ID, wherein the preferred address is a complete postal address specified by the first user for delivery of at least one service; and providing the preferred address to the first service provider for initiating the delivery 1 • of the at least one service.

19. The method of claim 18, wherein the first virtual address ID associated with the first user is provided by a consignor to the first service provider for delivery of a consignment to the first user.

20. The method of claim 18, wherein the step of determining a preferred address of

1⁰ the first user by processing the received first virtual address ID further comprising: identifying one or more addresses linked to the first virtual address ID; retrieving user preferences corresponding to the one or more addresses associated with the first virtual address ID, wherein the user preferences comprise preferred delivery time for each of the one or more addresses; and

• determining and selecting the preferred address of the first user based on the user preferences for the delivery of the at least one service to the first user.

21. The method of claim 18, further comprising redirecting delivery of a consignment to a new address associated with a second virtual address ID of a second user upon approval by any one or both of the first user and the second user.

Y o

22. The method of claim 18, further comprises: receiving, from the first user, delivery preferences associated with the one or more addresses of the first user, wherein the delivery preferences comprise availability information of the first user corresponding to the one or more addresses;

69 storing the delivery preferences associated with the one or more addresses along with the unique virtual address ID of the first user; and determining and selecting the preferred address in accordance to the delivery preferences specified by the first user, thereby the one or more addresses are dynamically selected based on the availability of the first user corresponding to the one or more addresses.

23. The method of claim 18, further comprising facilitating the first service provider to verify the first user before delivery of a consignment by providing identity information of the first user associated with the virtual address ID to enable secure delivery of the • consignment, wherein the identity information associated with the first user comprises one or more of a photograph of the first user, a password, a social security number, a date of birth, and signatures of the first user.

24. The method of claim 18, further comprising storing and maintaining the historical record of the services delivered to the first user using the first virtual address ID, wherein ⁰ the historical record includes date and time of delivery of consignments, details of the corresponding service providers, details of the receiving person along with contact details, photo ID of the receiving person, signatures of receiving person, details of consignors linked with associated consignments, details of portals used for online registration along with a timestamp, details of shipments in progress, and any • combination thereof.

25. The method of claim 18, further comprising facilitating secure and safe retrieval of a consignment by the first user from a nearby deposit box by providing the virtual address ID of the first user and a unique one-time code, wherein the unique one-time code is generated by the virtual address ID system and shared with consignor and the first user

⁰ to enable the secure and safe retrieval of the consignment.

26. The method of claim 18, further comprising: generating and sharing a one-time password associated with a consignment with the first user;

70 facilitating the first service provider to submit a password received from the first user at the time of delivery of the consignment; and enabling secure delivery of the consignment by matching the password submitted by the first service provider with the one-time password shared with the first user.

27. The method of claim 18, further comprising: sending a message to the first user to confirm the preferred address for delivery of a consignment; facilitating the first user to modify the preferred address by receiving inputs from the first user; • updating the preferred address in the virtual address ID system in accordance to inputs received from the first user; and sharing the updated preferred address with the first service provider before the delivery of the consignment.

28. The method of claim 18, further comprising facilitating real-time tracking of one ⁰ or more consignments intended to the first user by using the first virtual address ID of the first user.

29. The method of claim 18, further comprising: receiving details of a consignment designated to the first virtual address ID from the first service provider, wherein the details of the consignment comprise the first

• virtual address ID, consignor name, purpose of the consignment, date and time of consignment origination, contact details of the consignor, originating location, and any combination thereof; generating a tracking ID for the consignment and sharing the generated tracking ID with any or both of the first user and the consignor to facilitate real-time tracking

⁰ of the consignment; and linking the details of the consignment and the tracking ID with the first virtual address ID and storage thereof.

30. The method of claim 18, wherein the one or more service providers are e- commerce service providers, online food delivery partners, online ride service providers, airline ticket sellers, online registration portals, courier service providers, postal service providers, and shipment delivery partners.

31. The method of claim 18, further comprising automatically selecting the preferred address from a plurality of addresses associated with the first virtual address ID based on predefined delivery preferences, a historical record indicating past service delivery trends, and a combination thereof.

32. The method of claim 18 further comprising facilitating using the first virtual • address ID securely filling identity details associated with the first user during online registration and/or ticket booking procedure, wherein the identity details comprise any of full name of the first user, date of birth, unique national identification number, permanent address details, contact details, and any combination thereof.

33. The method of claim 18, further comprising: ⁰ receiving a request to fill an online registration from an online registration portal, wherein the request comprises the first virtual address ID associated with the first user along with details of various fields to be filled for the online registration; retrieving relevant details related to various fields to be filled for the online registration, wherein the relevant details comprise a complete postal address along • with identity information the first user stored in the virtual address ID system; and sharing the retrieved relevant details with the online registration portal to thereby facilitate automatic filling of the complete or partial online registration form.

34. The method of claim 18, further comprising facilitating display of the preferred address associated with the first virtual ID on an online map on a device associated with

⁰ the service provider to thereby enable navigation to the preferred address for the delivery of the desired service.

35. The method of claim 18, further comprising customizing the preferred address and delivery time linked with the first virtual ID based on the inputs received from the first user.

36. The method of claim 18, further comprising blocking access of one or more of identity information of the first user, financial accounts of the first user, and the one or more addresses linked with the first virtual address ID to unauthorized service providers, wherein the unauthorized service providers are either designated by the first user or automatically detected by the virtual address ID system by identifying the fraudulent activities associated with the unauthorized service providers. •

37. The method of claim 18, further comprising employing artificial intelligence and machine learning to determine intermittent plans for successful and timely distribution of shipments to customers by performing predictive analysis to identify imminent shipment delays, traffic bottlenecks, or supply-chain issues.

38. A computer-implemented method, executable at a remote server, for ⁰ implementing virtual address ID based secure transactions, the method comprising: enrolling a plurality of sellers into a virtual address ID system hosted on the remote server, wherein the virtual address ID system contains a unique virtual address ID corresponding to each of the plurality of enrolled sellers; associating one or more financial accounts of each of the plurality of enrolled sellers • with their respective virtual address ID; enrolling one or more buyers into the virtual address ID system, wherein the virtual address ID system contains a unique virtual address ID corresponding to each of the plurality of enrolled buyers; associating one or more addresses and one or more financial accounts of each of the ⁰ plurality of enrolled buyers with their respective virtual address ID; receiving a transaction request from any of at least one enrolled buyer and at least one enrolled seller to process a first transaction, wherein the transaction request

73 comprises at least a virtual address ID of the at least one enrolled buyer, details of the first transaction, and a virtual address ID of the at least one enrolled seller; identifying financial accounts associated with the at least one enrolled buyer and the at least one enrolled seller using their respective virtual address IDs received in the transaction request; facilitating authorization and risk analysis before approving the first transaction; facilitating debit of a payable amount corresponding to a purchased item from a financial account of the at least one enrolled buyer if the authorization and risk analysis is determined to be safe; • holding release of the payable amount until the purchased item is delivered to the at least one enrolled buyer; determining a suitable delivery address of the at least one enrolled buyer by processing the virtual address ID linked to the at least one enrolled buyer, wherein the suitable delivery address is a complete postal address of the first user selected ⁰ for the delivery of purchased items; providing the suitable delivery address to the at least one enrolled seller for initiating delivery of the purchased item; receiving a confirmation message from the at least one enrolled buyer indicating whether the purchased item has been delivered successfully by the at least one • enrolled seller; and facilitating release of the payable amount to the financial account associated with the virtual ID address of the at least one enrolled seller, wherein the payable amount is released upon determination that the purchased item is successfully delivered to the at least one enrolled buyer.

39. The method of claim 38, wherein the step of facilitating authorization and risk analysis before approving the first transaction further comprising: authenticate identity of any one or both of the at least one enrolled buyer and the at least one enrolled seller;

74 determining whether there is enough balance in the financial account, associated with the at least one enrolled buyer, to execute the first transaction; and performing risk analysis to detect fraudulent activities associated with any one or both of the at least one enrolled seller’s account and the at least one enrolled buyer’s account.

40. The method of claim 38, further comprising sending a notification to the at least one enrolled seller indicating that the payable amount related to the first transaction is debited from the account of the at least one enrolled buyer and reserved securely in the virtual address ID system until the purchased item is delivered to the at least one enrolled • buyer.

41. The method of claim 38, further comprising: sending a message to the at least one enrolled buyer to confirm the suitable delivery address for delivery of a consignment; facilitating the at least one enrolled buyer to modify the suitable delivery address by ⁰ receiving inputs related to modifications; updating the suitable delivery address in the virtual address ID system in accordance to inputs received from the at least one enrolled buyer; and sharing the updated suitable delivery address with the at least one enrolled seller before the delivery of the consignment.

•

42. The method of claim 38, further comprising: receiving, from the at least one enrolled buyer, delivery preferences associated with the one or more addresses, wherein the delivery preferences comprise a preferred delivery time corresponding to each delivery address; storing the delivery preferences associated with the one or more addresses along with ⁰ the unique virtual address ID of the at least one enrolled buyer; and determining and selecting the suitable delivery address in accordance with the delivery preferences specified by the at least one enrolled buyer, thereby the

75 delivery addresses are dynamic as per the delivery preferences specified by the at least one enrolled buyer.

43. The method of claim 38, further comprising: generating and sharing a one-time password associated with the first transaction with the at least one enrolled buyer; facilitating the at least one enrolled seller to submit a password received from the at least one enrolled buyer at the time of delivery of the purchased item; facilitating secure delivery of the consignment if the password submitted by the at least one enrolled seller matches with the one-time password shared with the at • least one enrolled buyer; and facilitating release of the payable amount to the financial account associated with the virtual ID address of the at least one enrolled seller if the password submitted by the at least one enrolled seller matches with the one-time password shared with the at least one enrolled buyer. ⁰ 44. The method of claim 38, further comprising: facilitating the at least one enrolled buyer to generate a temporary virtual address ID; facilitating the at least one enrolled buyer to associate the temporary virtual address ID with at least one complete postal address and at least one financial account of the at least one enrolled buyer;

• facilitating the at least one enrolled buyer to set a validity period of the temporary virtual address ID; receiving a second transaction request to process a second transaction, wherein the second transaction request comprises at least the temporary virtual address ID of the at least one enrolled buyer; determining whether the temporary virtual address ID is active, wherein the temporary virtual address ID is determined to be active if the validity period of the temporary virtual address ID is not expired;

76 facilitating a processing of the second transaction if the temporary virtual address ID is determined to be active; and retrieving and sharing, with the at least one enrolled seller, the complete postal address of the at least one enrolled buyer associated with the temporary virtual address ID or crediting a payable amount associated with the second transaction to the least one enrolled seller’s financial account from at least one financial account of the at least one enrolled buyer if the predefined validity period associated with the temporary virtual address ID is determined to be active.

45. The method of claim 38, wherein the virtual address ID associated with the at least • one enrolled buyer is utilized for making online transactions and bill payments without sharing or disclosing the one or more addresses and the financial accounts associated with the at least one enrolled buyer to the third parties.

46. A virtual address ID system configured to generate unique virtual address IDs for implementing secure shipments and transactions, the system comprising: one or more processors; one or more non-transitory computer-readable media storing instructions executable by the one or more processors, wherein the instructions program the one or more processors to perform operations comprising: receiving a request from a first user for enrolling in a virtual address ID system • hosted on the remote server, wherein the request comprises identity information of the first user; receiving one or more addresses of the first user, wherein each address indicates a complete postal address of the first user; verifying whether the first user and the one or more addresses are previously enrolled on the virtual address ID system by comparing any of the received identity information and the associated one or more addresses with the plurality of previously enrolled users and their associated addresses;

77 generating a unique virtual address ID upon determination that the first user and the one or more addresses are new; associating the generated unique virtual address ID with the first user and thereby with the one or more addresses of the first user; storing the generated unique virtual address ID associated with the first user and the one or more addresses thereof; and activating the generated unique virtual address ID of the first user, wherein the activated unique virtual address ID is utilized for delivering shipments and services corresponding to the one or more addresses associated with the • unique virtual address ID of the first user.

47. The virtual address ID system of claim 46, wherein the instructions, when executed, further cause the one or more processors to perform operations comprising: facilitating the first user to generate a temporary virtual address ID; facilitating the first user to associate the temporary virtual address ID with the at least ⁰ one complete postal address of the first user; facilitating the first user to set a validity period of the temporary virtual address ID; receiving the temporary virtual address ID associated with the first user from a service provider for delivering one or more services to the first user; determining whether the temporary virtual address ID is active by analyzing pre-

• defined validity period associated with the temporary virtual address ID; and retrieving and sharing, with the service provider, the complete postal address of the first user associated with the temporary virtual address ID if the temporary virtual address ID is determined to be active.

48. The virtual address ID system of claim 46, wherein the instructions, when ⁰ executed, further cause the one or more processors to perform operations comprising: receiving, from the first user, inputs to modify the one or more addresses associated with the unique virtual address ID of the first user, wherein the modifications in the one or more addresses comprise editing the one or more addresses, deletion of

78 one or more previously registered addresses, adding one or more new addresses, or a combination thereof; receiving one or more documents to substantiate the modifications in the one or more addresses; modifying the one or more addresses in accordance with the received inputs upon verification of the one or more documents; associating the modified one or more addresses with the unique virtual address ID of the first user; and sending notifications to service providers responsible for delivery of ongoing • services to the first user, wherein the notifications indicate changes in the one or more addresses of the first user.

49. The virtual address ID system of claim 46, wherein the instructions, when executed, further cause the one or more processor to generate a machine-readable code corresponding to the unique virtual address ID of the first user, wherein the machine- ⁰ readable code is a QR code, a barcode, an RFID tag, and a combination thereof.

50. A virtual address ID system for implementing virtual address ID based secure services, the system comprising: one or more processors; one or more non-transitory computer-readable media storing instructions executable

• by the one or more processors, wherein the instructions program the one or more processors to perform acts comprising: enrolling a plurality of users into a virtual address ID system hosted on the remote server, wherein the virtual address ID system contains unique virtual address IDs each associated with one or more addresses of at least one of the ⁰ plurality of enrolled users; enrolling one or more service providers into a virtual address ID system, wherein the one or more service providers are responsible for providing services and shipments to the plurality of enrolled users;

79 receiving, from a first service provider, a first virtual address ID associated with a first user, wherein the first user is one of the plurality of enrolled users; identifying one or more addresses linked to the received first virtual address ID; retrieving user preferences associated with the one or more addresses linked to the first virtual address, wherein the user preferences comprise preferred delivery time for each of the one or more addresses; determining and selecting a suitable delivery address of the first user based on the user preferences, wherein the suitable delivery address is a complete postal address specified by the first user; • providing the suitable delivery address to the first service provider for initiating the delivery of a consignment; generating and sharing a one-time password associated with the consignment with the first user; facilitating the first service provider to submit a password received from the first ⁰ user at the time of delivery of the consignment; and enabling secure delivery of the consignment at the suitable delivery address if the password submitted by the first service provider matches with the onetime password shared with the first user.

51. The virtual address ID system of claim 50, wherein the instructions, when • executed, further cause the one or more processor to redirect delivery of the consignment to a new address associated with a second virtual address ID of a second user upon approval by any one or both of the first user and the second user.

52. The virtual address ID system of claim 50, wherein the instructions, when executed, cause the one or more processors to utilize artificial intelligence and machine

⁰ learning techniques to determine intermittent plans for successful and timely distribution of shipments to customers by performing predictive analysis to identify imminent shipment delays, traffic bottlenecks, and supply-chain issues.

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53. The virtual address ID system of claim 50, wherein the instructions, when executed, cause the one or more processors to facilitate the first service provider to verify the first user before delivery of the consignment by providing identity information of the first user for enabling secure delivery of the consignment, wherein the identity information associated with the first user comprises one or more of a photograph of the first user, a password, a date of birth, and signatures of the first user.

54. The virtual address ID system of claim 50, wherein the instructions, when executed, cause the one or more processors to store and maintain the historical record of the services delivered to the first user using the first virtual address ID, wherein the • historical record includes date and time of delivery of consignments, details of the corresponding service providers, details of the receiving person along with contact details, photo ID of the receiving person, signatures of receiving person, details of consignors linked with associated consignments, details of portals used for online registration along with a timestamp, details of shipments in progress, and any ⁰ combination thereof.

55. The virtual address ID system of claim 50, wherein the instructions, when executed, further cause the one or more processors to perform operations comprising: sending a message to the first user to confirm the suitable delivery address for delivery of the consignment;

• facilitating the first user to modify the suitable delivery address by receiving inputs from the first user; updating the suitable delivery address in the virtual address ID system in accordance with inputs received from the first user; and sharing the updated suitable delivery address with the first service provider before ⁰ the delivery of the consignment.

56. A virtual address ID system communicatively coupled with a plurality of buyer devices and service provider devices to implement virtual address ID based secure transactions and shipments, the system comprising:

81 one or more processors; one or more non-transitory computer-readable media storing instructions executable by the one or more processors, wherein the instructions program the one or more processors to perform operations comprising: enrolling a plurality of service providers into a virtual address ID system, wherein the virtual address ID system contains a unique virtual address ID corresponding to each of the plurality of enrolled service providers; associating one or more financial accounts of each of the plurality of enrolled service providers with respective virtual address IDs; • enrolling one or more buyers into the virtual address ID system, wherein the virtual address ID system contains a unique virtual address ID corresponding to each of the plurality of enrolled buyers; associating one or more addresses and one or more financial accounts of each of the plurality of enrolled buyers with respective virtual address IDs; ⁰ receiving a transaction request from at least one enrolled buyer or service provider to process a first transaction, wherein the transaction request comprises at least a virtual address ID of the at least one enrolled buyer, details of the first transaction, a payable amount for the first transaction, and a virtual address ID of the at least one enrolled service provider;

• identifying financial accounts associated with the at least one enrolled buyer and the at least one enrolled service provider using respective virtual address IDs; facilitating authorization and risk analysis before approving the first transaction; facilitating deduction of a payable amount related to the purchases item from a financial account of the at least one enrolled buyer if the authorization and ⁰ risk analysis is determined to be safe, wherein the financial account of the at least one enrolled buyer is identified by using the virtual address ID of the at least one enrolled buyer;

82 holding release of the deducted payable amount until the purchased item is delivered to the at least one enrolled buyer; determining a suitable delivery address of the at least one enrolled buyer by processing the virtual address ID linked to the at least one enrolled buyer, wherein the suitable delivery address is a complete postal address specified by the at least one enrolled buyer for the delivery of purchased items; providing the suitable delivery address of the at least one enrolled buyer to the at least one enrolled service provider for initiating the delivery of a purchased item at the suitable delivery address; • receiving a confirmation from the at least one enrolled buyer that the purchased item has been delivered successfully by the at least one enrolled service provider; and facilitating release of the payable amount to the at least one enrolled service provider’s financial account associated with the virtual ID address of the at ⁰ least one enrolled service provider, wherein the virtual ID address of the at least one enrolled service provider is received in the transaction request.

57. The virtual address ID system of claim 56, wherein the instructions, when executed, cause the one or more processors to facilitate authorization and risk analysis by further performing operations comprising:

• authenticating identity of any one or both of the at least one enrolled buyer and the at least one enrolled seller; determining whether there is a sufficient balance in the financial account associated with the at least one enrolled buyer to execute the first transaction; performing risk analysis to detect fraudulent activities associated with the at least one ⁰ enrolled seller’s account and the at least one enrolled buyer’s account; and facilitating execution of the first transaction if it is determined that a sufficient balance exists in the financial account associated with the at least one enrolled buyer to execute the first transaction and no fraudulent activities are detected.

83

58. The virtual address ID system of claim 56, wherein the instructions, when executed, further cause the one or more processor to perform operations comprising: sending a message to the at least one enrolled buyer to confirm the suitable delivery address for delivery of the purchased item; facilitating the at least one enrolled buyer to modify the suitable address by receiving inputs related to modifications; updating the suitable delivery address in the virtual address ID system in accordance with inputs received from the at least one enrolled buyer; and sharing the updated suitable delivery address with the at least one enrolled seller • before the delivery of the purchased item.

59. The virtual address ID system of claim 56, wherein the instructions, when executed, further cause the one or more processor to perform operations comprising: receiving, from the at least one enrolled buyer, delivery preferences associated with the one or more addresses, wherein the delivery preferences comprise availability ⁰ of the at least one enrolled buyer corresponding to the one or more addresses; storing the delivery preferences associated with the one or more addresses along with the unique virtual address ID of the at least one enrolled buyer; and determining and selecting the suitable delivery address in accordance with the delivery preferences specified by the at least one enrolled buyer, thereby the • delivery addresses are dynamically selected based on the availability of the at least one enrolled buyer.

60. The virtual address ID system of claim 56, wherein the instructions, when executed, further cause the one or more processor to perform operations comprising: generating and sharing a one-time password associated with the ongoing transaction ⁰ with the at least one enrolled buyer; facilitating the at least one enrolled seller provider to submit a password received from the at least one enrolled buyer at the time of delivery of the purchased item; and

84 facilitating secure delivery of the purchased item if the password submitted by the at least one enrolled seller matches with the one-time password shared with the at least one enrolled buyer.

61. The virtual address ID system of claim 56, wherein the instructions, when executed, further cause the one or more processor to perform operations comprising: facilitating the at least one enrolled buyer to generate a temporary virtual address ID; facilitating the at least one enrolled buyer to associate the temporary virtual address ID with at least one address of interest and the at least one financial account of the at least one enrolled buyer for processing the transactions; • facilitating the at least one enrolled buyer to set a validity period of the temporary virtual address ID; receiving a request to process a second transaction, wherein the request comprises at least the temporary virtual address ID of the at least one enrolled buyer; determining whether the temporary virtual address ID is active based on the validity ⁰ period; and facilitating the processing of the second transaction if the temporary virtual address ID is determined to be active.

85