Apparatus and method of a distributed capital system
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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Abstract
A method conducting financial transactions over a computerized network, which includes conducting awareness propagation such that capital movement over a participant system-network is optimized.
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Citations
5 Claims
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1. A computer-implemented method of conducting transactions over a network, comprising:
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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. - View Dependent Claims (2)
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3. A computer-readable medium whose contents cause a computer system to perform transactions over a network, the computer system having a program which performs the steps of:
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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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4. A computer system adapted to perform transactions over a network, comprising:
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at least one memory including a program having instructions adapted to enable the computer system to perform the steps of; 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; and at least one processor which runs said program.
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5. A computer program product for enabling a computer to perform transactions over a network, comprising:
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software instructions for enabling the computer to perform predetermined operations, and a computer readable medium bearing the software instructions; the predetermined operations including the steps of; 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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Specification