DISTRIBUTED LEDGER IMPLEMENTATION FOR ENTITY FORMATION AND MONITORING SYSTEM
First Claim
1. A method comprising:
- receiving a share configuration control at an entity formation and management system by way of a user interface, wherein the entity formation and management system includes information about a share structure of an entity, and where the share configuration control is a request by a first party with a user account to change the share structure of the entity;
configuring a distributed ledger comprising a plurality of gateway nodes to record share transfer activity comprising entity share distribution between the entity, the user account, and combinations thereof in a blockchain as entity records, wherein the distributed ledger includes entity digital assets representing entity shares;
communicating with an oracle service, information provided by the share configuration control, to verify share transfer requirements for each entity share distribution;
transferring entity shares to the first party in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity; and
writing a share transfer record into the blockchain in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity.
1 Assignment
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Accused Products
Abstract
A system for operating a distributed ledger implementation for tracking and monitoring entity shares involves receiving a share configuration control at an entity formation and management system by way of a user interface. The system configures a distributed ledger comprising a plurality of gateway nodes to record share transfer activity comprising entity share distribution between the entity, the user account, and combinations thereof in a blockchain as entity records. The system communicates with an oracle service, information provided by the share configuration control, to verify share transfer requirements for each entity share distribution. The system transfers entity shares to the first party in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity. The system writes a share transfer record into the blockchain in response to the oracle service verifying that the share transfer requirements were met.
16 Citations
20 Claims
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1. A method comprising:
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receiving a share configuration control at an entity formation and management system by way of a user interface, wherein the entity formation and management system includes information about a share structure of an entity, and where the share configuration control is a request by a first party with a user account to change the share structure of the entity; configuring a distributed ledger comprising a plurality of gateway nodes to record share transfer activity comprising entity share distribution between the entity, the user account, and combinations thereof in a blockchain as entity records, wherein the distributed ledger includes entity digital assets representing entity shares; communicating with an oracle service, information provided by the share configuration control, to verify share transfer requirements for each entity share distribution; transferring entity shares to the first party in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity; and writing a share transfer record into the blockchain in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A non-transitory computer-readable storage medium, the computer-readable storage medium including instructions that when executed by a computer, cause the computer to:
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receive a share configuration control at an entity formation and management system by way of a user interface, wherein the entity formation and management system includes information about a share structure of an entity, and where the share configuration control is a request by a first party with a user account to change the share structure of the entity; configure a distributed ledger comprising a plurality of gateway nodes to record share transfer activity comprising entity share distribution between the entity, the user account, and combinations thereof in a blockchain as entity records, wherein the distributed ledger includes entity digital assets representing entity shares; communicate with an oracle service, information provided by the share configuration control, to verify share transfer requirements for each entity share distribution; transfer entity shares to the first party in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity; and write a share transfer record into the blockchain in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A system comprising:
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a processor; and a memory storing instructions that, when executed by the processor, configure the system to; receive a share configuration control at an entity formation and management system by way of a user interface, wherein the entity formation and management system includes information about a share structure of an entity, and where the share configuration control is a request by a first party with a user account to change the share structure of the entity; configure a distributed ledger comprising a plurality of gateway nodes to record share transfer activity comprising entity share distribution between the entity, the user account, and combinations thereof in a blockchain as entity records, wherein the distributed ledger includes entity digital assets representing entity shares; communicate with an oracle service, information provided by the share configuration control, to verify share transfer requirements for each entity share distribution; transfer entity shares to the first party in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity; and write a share transfer record into the blockchain in response to the oracle service verifying that the share transfer requirements were met by the first party and the entity. - View Dependent Claims (20)
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Specification