METHOD OF PROVIDING AN ONLINE SECURED ASSET SYSTEM

• US 20120185367A1
• Filed: 12/30/2011
• Published: 07/19/2012
• Est. Priority Date: 06/25/2007
• Status: Abandoned Application

• Current Assignee: Joshua D. Abramson, Kenneth W. Vilkin, Scott J. Warner
• Original Assignee: Joshua D. Abramson, Kenneth W. Vilkin, Scott J. Warner
• Inventors: Abramson, Joshua D., Vilkin, Kenneth W., Warner, Scott J.
• Application Number:
  US13/341,492
• Publication Number:
  US 20120185367A1
• Time in Patent Office: Days
• US Class Current: 705/28
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method of providing physical escrow of assets includes receiving a request for escrow of an asset from a securing party computer, creating a record of the asset in the vault computer, receiving the asset at a vault storage, receiving a verification of the asset and updating the record with the verification, providing the verification of the asset to the securing party, receiving a notification of a completed transaction at the vault computer, and updating the record to reflect a new owner of the asset.

Claims

1. A method of providing physical escrow of assets, comprising:

receiving, at a vault computer, a request for escrow of an asset from a securing party computer;

creating a record of the asset in the vault computer;

receiving the asset at a vault storage;

receiving a verification of the asset and updating the record with the verification;

providing the verification of the asset to the securing party;

receiving a notification of a completed transaction at the vault computer; and

updating the record to reflect a new owner of the asset.

2. The method of claim 1, the method further comprising sending, from the vault computer, a request for transport to a transporter computer.

3. The method of claim 1, the method further comprising requesting, from the vault computer, a request for verification to a verifier computer.

4. The method of claim 1, wherein providing the verification of the asset further comprises sending a message from the vault computer to the securing party computer.