SYSTEMS AND METHODS FOR PROVISIONALLY TRANSFERRING AN ELECTRONIC CURRENCY
First Claim
1. An apparatus for electronically circulating a currency, comprising:
- a computing device comprising a processor and a computer-readable storage medium, the computing device comprising a communication interface communicatively coupled to a network;
a transaction provider operating on a processor of the computing device, wherein the transaction provider is configured to generate a plurality of persistent, electronically anchored currency notes (PEAC notes), each PEAC note being assigned a respective unique identifier (UCNID) and a respective value, wherein each PEAC note is associated with an asset held by a custodian;
wherein the transaction provider associates one or more transfer conditions with a first one of the PEAC notes; and
wherein the transaction provider is configured to provisionally transfer ownership of the first PEAC note from a first entity to a second entity, wherein ownership of the first PEAC note is permanently transferred from the first entity to the second entity when the one or more transfer conditions are satisfied, and wherein ownership is transferred while maintaining the asset associated with the PEAC note with the custodian, and maintaining the PEAC note with the transaction provider.
2 Assignments
0 Petitions
Accused Products
Abstract
Persistent, electronically anchored currency notes (PEAC notes) may be generated by a transaction provider and maintained in a datastore. Each PEAC note may be associated with a respective unique identifier and an asset held by a custodian. The transaction provider may provide for assigning ownership of the PEAC notes to various entities and/or transferring ownership therebetween. Ownership transfers may be performed by the transaction provider while maintaining the PEAC notes in the datastore and/or maintaining the asset(s) associated therewith with their respective custodian(s). The transfer of a PEAC note may be tied to one or more transfer conditions. A PEAC note may be provisionally transferred from a first entity to a second entity subject to one or more transfer conditions. When the transfer conditions are met, the PEAC note may be permanently transferred to the second entity.
10 Citations
20 Claims
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1. An apparatus for electronically circulating a currency, comprising:
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a computing device comprising a processor and a computer-readable storage medium, the computing device comprising a communication interface communicatively coupled to a network; a transaction provider operating on a processor of the computing device, wherein the transaction provider is configured to generate a plurality of persistent, electronically anchored currency notes (PEAC notes), each PEAC note being assigned a respective unique identifier (UCNID) and a respective value, wherein each PEAC note is associated with an asset held by a custodian; wherein the transaction provider associates one or more transfer conditions with a first one of the PEAC notes; and wherein the transaction provider is configured to provisionally transfer ownership of the first PEAC note from a first entity to a second entity, wherein ownership of the first PEAC note is permanently transferred from the first entity to the second entity when the one or more transfer conditions are satisfied, and wherein ownership is transferred while maintaining the asset associated with the PEAC note with the custodian, and maintaining the PEAC note with the transaction provider. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A non-transitory computer-readable storage medium comprising instructions to cause a computing device to perform a method for electronically circulating a currency, the method comprising:
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generating a plurality of persistent, electronically anchored currency notes (PEAC notes), each PEAC note comprising a respective unique currency note identifier (UCNID) and a value, and being associated with an asset held by a custodian; storing each of the generated PEAC notes in a datastore; assigning ownership of the first one of the PEAC note to a first entity; receiving a request to provisionally transfer ownership of the first PEAC note from the first entity to a second entity, pending satisfaction of one or more transfer conditions; verifying that the request was authorized by the first entity; provisionally transferring ownership of the first PEAC note to the second entity; verifying that the one or more transfer conditions are satisfied; and permanently transferring ownership of the first PEAC note to the second entity while maintaining the first PEAC note in the datastore and maintaining the asset associated with the first PEAC note with the custodian when the request was authorized by the first entity and the one or more transfer conditions are satisfied. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A method for electronically circulating a currency, the method comprising:
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generating a plurality of persistent, electronically anchored currency notes (PEAC notes), each PEAC note comprising a respective unique currency note identifier (UCNID) and a value, and being associated with an asset held by a custodian; storing each of the generated PEAC notes in a datastore; assigning ownership of the first one of the PEAC note to a first entity; receiving a request to provisionally transfer ownership of the first PEAC note from the first entity to a second entity, pending satisfaction of one or more transfer conditions; verifying that the request was authorized by the first entity; provisionally transferring ownership of the first PEAC note to the second entity; verifying that the one or more transfer conditions are satisfied; and permanently transferring ownership of the first PEAC note to the second entity while maintaining the first PEAC note in the datastore and maintaining the asset associated with the first PEAC note with the custodian when the request was authorized by the first entity and the one or more transfer conditions are satisfied. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification