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Apparatus and method of a distributed capital system

  • US 9,830,656 B2
  • Filed: 03/24/2015
  • Issued: 11/28/2017
  • Est. Priority Date: 02/14/2002
  • Status: Expired due to Term
First Claim
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1. A computer-implemented method of conducting transactions over a network, comprising:

  • providing a plurality of client computers and servers, which are connected to one another, over the network to a plurality of financial institutions;

    conducting awareness propagation from a first client computer, to one or more client computers or servers of said plurality of client computers and servers, over the network, by;

    informing each of said client computers or servers, of transactions between each transacting participant, allowing each of said client computers or servers to update their local ledgers accordingly;

    analyzing notices of funds transfers at said client computers and said servers; and

    optimizing said transactions by directing funds between said plurality of financial institutions such that a total summed distance of all funds transferred between said plurality of financial institutions is minimized, thereby reducing risks to said plurality of financial institutions conducting said funds transfers, by reducing a total amount of capital per time at risk during said funds transfers while fulfilling obligations of all participants to said funds transfers;

    wherein said transactions and said notices are propagated across the network in a distributed manner, without being centrally stored and processed.

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