Patents By Frip

September 26, 2023

Total CPC G06Q Subclass (business methods) patents issued:  139

Financial industry business method patents reviewed herein:  5

PATENT: Digital asset price regulation system using distributed ledger transaction processing rewards; US 11,769,183 B2; 9/26/2023; CPC G06Q 30/00; 8 claims; assigned to OptDyn, Inc.

ABSTRACT: A system is provided for regulating the price of digital assets through work performed by a plurality of transaction processing (and/or validating) systems incented by rewards to participate on distributed ledgers such as blockchain networks. The system increases the demand for price regulated digital assets through an automated, tamperproof, hence mandatory conversion of a portion of digital assets received as work rewards for processing transactions in exchange for other digital assets targeted for price control. The system, composed of hardware and software, operates with or without intermediaries, where the reward is ultimately distributed to owners of said transaction processing systems. The system provides a means to control the price of digital assets to stabilize digital currencies, assist regulators to enforce anti-money laundering and tax evasion laws, while optionally providing price reductions using rebates to consumers and subsidies to manufacturers of distributed ledger transaction processing and/or validating systems.

PATENT: System and method for dynamically managing message flow; US 11,769,203 B2; 9/26/2023; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: System and method for dynamically managing message flow. According to the example embodiments, an intermediary network device or a client device dynamically manages the flow of messages received from an electronic exchange by analyzing the client device's capabilities, such as CPU utilization. Based on a percentage of total CPU utilization, the level of throttling is dynamically adjusted, such that if the percentage of CPU utilization, or load, increases, then throttling is increased from a lower level to a higher level. Similarly, if the percentage of CPU utilization decreases significantly enough, then throttling is decreased to a lower level.

PATENT: Systems and methods of matching customizable data transaction requests; US 11,769,204 B2; 9/26/2023; CPC G06Q 40/04; 20 claims; assigned to NASDAQ, Inc.

ABSTRACT: A computer system is provided that allows participants to submit agent data structures for processing. Each agent data structure includes a valuation function for a first resource and a property of a second resource. The computer system performs a dual sided evaluation process to determine when contra-sided agents match with one another. A match is determined by comparing results of valuation functions of the agent data structures.

PATENT: System and method for controlled market data delivery in an electronic trading environment; US 11,769,205 B2; 9/26/2023; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and methods for controlled market data delivery are described. According to one example embodiment, upon detecting a preset threshold of updates in a queue at a gateway, a predetermined number of market updates may be processed before any data is sent to a client terminal. According to one method, update types may be used to control how many updates are processed before any data is sent. Also, once the number of updates to be processed is set, a market update having a higher priority update type may be used to trigger a change in the number of market updates that was set for processing.

PATENT: Method and system for conducting and recording insurance claim transactions using blockchain; US 11,769,209 B2; 9/26/2023; CPC G06Q 10/08; 18 claims; assigned to MediConCen Limited.

ABSTRACT: A method and system for conducting and recording insurance claim transactions using blockchain is provided. The method comprises the steps of: receiving a first verification element from a claimant at an authenticated provider device of a provider; verifying an eligibility of said claimant at a financer and an eligibility of said provider at a provider network according to said first verification element and said provider device; receiving a second verification element from said claimant at said provider device, said second verification element being distinct from said first verification element; conducting said insurance claim transaction by triggering a transaction chaincode at said provider device according to said second verification element; recording an entry of said insurance claim transaction on a blockchain ledger of a blockchain system; wherein a hashed value of an irreversible hash of said first verification element and said second verification element is stored in a global ledger of said blockchain system, and said entry of insurance claim transaction is stored in a private ledger of said blockchain system only accessible by said financer and said provider network; wherein a proof of claim of said insurance claim transaction is collected from said provider device at the time said transaction chaincode is triggered.

September 19, 2023

Total CPC G06Q Subclass (business methods) patents issued:  204

Business method patents reviewed herein:  5

PATENT: Artificially intelligent computing engine for travel itinerary resolutions; US 11,763,212 B2; 9/19/2023; CPC G06Q 10/025; 19 claims; assigned to Amgine Technologies (US), Inc.

ABSTRACT: Systems and methods for fulfilling travel requests are described herein. A method for fulfilling travel requests may commence with receiving a travel request from a user and determining itinerary components based on the travel request. The method may further include generating an itinerary network based on the itinerary components. The itinerary network may be generated by creating a plurality of nodes and creating a plurality of edges within the itinerary network. Each of the plurality of nodes may represent information associated with the travel request. The plurality of edges may represent an order of the plurality of nodes in time based on dependencies between the plurality of nodes. The method may further include generating a travel itinerary responsive to the travel request. The method may continue with presenting the generated travel itinerary to the user on a user interface of a computing device associated with the user.

PATENT: Systems and methods for synchronizing processing statement deployment across diverse computer networks using a three-tiered artificial intelligence architecture; US 11,763,236 B2; 9/19/2023; CPC G06Q 10/0635; 20 claims; assigned to Citibank, N.A.

ABSTRACT: Systems and methods are described for a three-tiered artificial intelligence architecture that synchronizes processing statement deployment across diverse computer networks. The system may receive, at a user interface, a first request for a first recommendation. The first recommendation includes a set of standardized processing statements for implementing on a function. The system may input the first request into a first network component. The first network component includes first, second, and third models. The first model is trained to generate a library of standardized processing statements. The second model is trained to generate a plurality of standardized processing characteristic values for each standardized processing statement in the library. The third model is trained to generate recommendations of sets of standardized processing statements to functions. The system receives an output from the first network component and generates for display the first recommendation based on the output.

PATENT: Systems configured to manage cryptocurrency wallets having cost basis tracking and methods of use thereof; US 11,763,274 B2; 9/19/2023; CPC G06Q 20/0655; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Cryptocurrency can be stored in a plurality of cryptocurrency wallets associated with a plurality of respective users and managed by establishing a unit cost basis value for each cryptocurrency unit in a fiat currency. For example, a purchase request is received by a server computer from a user device. The purchase request is associated with a merchant to be paid in a cryptocurrency chosen by a user and stored in a cryptocurrency wallet of the user. A cryptocurrency exchange from multiple cryptocurrency exchanges having the best cryptocurrency exchange rate is identified for converting the chosen cryptocurrency to the fiat currency. A gain for the purchase transaction is calculated when the best cryptocurrency exchange rate is greater than the unit cost basis value of the chosen cryptocurrency stored in the cryptocurrency wallet of the user. The fiat currency converted in the identified cryptocurrency exchange is received from the cryptocurrency exchange to pay the merchant.

PATENT: System and method for cryptocurrency point of sale; US 11,763,275 B2; 9/19/2023; CPC G06Q 20/0658; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: Systems and methods for enabling auxiliary accounts and/or auxiliary devices to create and process cryptocurrency transactions on a behalf of a primary account while enforcing limited auxiliary entity access to the primary entity's overall transaction information. Cryptocurrency transactions may be point of sale charges. Some methods may include receiving a charge request from a payor system, determining a merchant cryptocurrency address for the charge request, providing the merchant cryptocurrency address to the payor system, generating a transaction that identifies the merchant cryptocurrency address, signing the transaction, broadcasting the transaction, storing the merchant cryptocurrency address in association with information, related to the charge request, detecting a blockchain transaction that identifies the merchant cryptocurrency address, and/or detecting at least one transaction confirmation for the detected blockchain transaction.

PATENT: Systems and method for conducting and managing cryptocurrency transactions; US 11,763,297 B2; 9/19/2023; CPC G06Q 20/3676; 8 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A method for digital coin issuance may include: receiving, at a ledger interoperability service and from a gateway communication service, a request to deposit a digital coin balance for an amount of funds for a client to a client digital coin wallet on a distributed ledger; receiving, at an omnibus account, a transfer of the funds from a client demand deposit account for the client; identifying, by the ledger interoperability service, an address for the client digital coin wallet on the distributed ledger using an address book; submitting, by the ledger interoperability service, a request to the gateway communication service to issue the digital coin balance to the client digital coin wallet and to generate postings for the digital coin balance for the distributed ledger; and receiving, by the ledger interoperability service, confirmation from gateway communication service of writing the digital coin balance to the client digital coin wallet.

September 12, 2023

Total CPC G06Q Subclass (business methods) patents issued:  187

Financial industry business method patents reviewed herein:   5

PATENT: Artificial intelligence based project implementation; US 11,755,999 B2; 9/12/2023; CPC G06Q 10/103; 19 claims; assigned to Accenture Global Solutions Limited.

ABSTRACT: In some examples, artificial intelligence based project implementation may include implementing, for a project team, self-evaluation of viability for utilizing a project implementation framework. The project team may be guided on utilization of the project implementation framework. A discussion by the project team may be documented in a digital format during envisioning associated with the project implementation framework, and documented information may be maintained for reference during execution, by the project team, of a journey associated with the project implementation framework. During execution of the journey, implementation of a social contract by the project team may be evaluated. A determination may be made as to whether the social contract is not implemented for at least one specified occurrence associated with the project implementation framework, and at least one impediment associated with the project implementation framework may be identified. The identified impediment associated with the project implementation framework may be remediated.

PATENT: Systems and methods for virtual currency exchange; US 11,756,013 B2; 9/12/2023; CPC G06Q 20/108; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for initiating a virtual currency exchange includes a merchant computing device a) receiving a message including a user account identifier, payment credential data, and a request for an amount of virtual currency to be delivered; b) transmitting a message delivering the requested amount of virtual currency; and c) receiving a user assignment message that assigns to the merchant an amount of assigned virtual currency from the delivered virtual currency. Steps a, b, and c are performed while the merchant computing device is in a first physical location. The method also includes, subsequent to steps a, b, and c, connecting to a payment network while the merchant computing device is at a second physical location and transmitting, to a virtual currency payment system via the payment network, an assignment completion message including the user account identifier, a merchant account identifier associated with the merchant, and the assigned virtual currency.

PATENT: Secure management of content distribution data blocks on a blockchain; US 11,756,030 B2; 9/12/2023; CPC G06Q 20/389; 20 claims; assigned to eBay Inc.

ABSTRACT: Technologies are shown for content distribution on a blockchain involving generating a content distribution data block on a content distribution data blockchain, that stores digital content, data identifying the digital content, an owner identifier, an access holder identifier, and a use conditions attribute for identifying use requirements for the digital content. A use requirement is defined in the use conditions attribute. An owner identified in the owner identifier sets the access holder identifier to an identifier for a user entity. An access request is received from the user entity and, in response, whether a current use condition of the user entity satisfies the use requirement in the use conditions attribute is verified. If it is verified that the current use condition of the user entity satisfies the use requirement in the use conditions attribute, the digital content is distributed to the first user entity.

PATENT: Multicurrency blockchain platform and method of use; US 11,756,031 B1; 9/12/2023; CPC G06Q 20/401; 20 claims; assigned to Coinbase, Inc.

TECHNICAL FIELD: This invention relates generally to the computer networking field, and more specifically to a new and useful system and method for interacting with multiple blockchains by using a multicurrency blockchain platform.

PATENT: Settings optimization engine using artificial intelligence to enhance client privacy; US 11,756,112 B2; 9/12/2023; CPC G06Q 40/02; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Aspects of the disclosure relate to using machine learning to modify account privacy settings. A computing platform may identify initial account settings for an individual of a plurality of individuals. Using a settings optimization model, the computing platform may identify account data and third party data for the individual. Using the settings optimization model, the computing platform may identify discrepancies between the initial account settings for the first individual and account settings for a subset of the plurality of individuals having common characteristics with the individual. Based on the discrepancies, the computing platform may identify settings modifications for the individual, and may determine that a modification of the settings modifications applies to a detected interaction of the individual. The computing platform may direct an enterprise data source to perform the modification, which may cause the enterprise data source to modify the initial account settings based on the modification.

September 5, 2023

Total CPC G06Q Subclass (business methods) patents issued:  168

Financial industry business method patents reviewed herein:   5

PATENT: Method for improving operating profits with better automated decision making with artificial intelligence; US 11,748,758 B2; 9/5/2023; CPC G06Q 20/4016; 20 claims; assigned to Brighterian, Inc.

ABSTRACT: A business method to reverse an authorization request denial made according to general guidelines if the particular customer and the particular transaction pass various threshold tests. Alternatively, each customer is assigned different and independent personal thresholds for transaction types, amounts, times, locations, and context. These thresholds are then applied if an instant payment transaction request is about to be declined.

PATENT: User control of anonymized profiling data using public and private blockchains in an electronic ad marketplace; US 11,748,784 B2; 9/5/2023; CPC G06Q 30/0269; 22 claims; assigned to Concord Technologies Inc.

ABSTRACT: The disclosure relates to securing and enabling user control of profiling data, blockchain-driven matching of users and advertiser-identified anonymous profiling data records of interest, and smart contracts encoded by blockchain for executing transactions. The system may include an anonymized database of profiling data, which is unlinked to any user. The system may implement a private blockchain to store user-defined settings that provide user control over whether and how the profiling data may be used. If a grant to use the data is received, a link is stored that allows the system to identify a user associated with the anonymous profiling data records. If the grant is revoked, the link may be removed. The system may also implement public blockchain technology to record a public information relating to grants, online marketing transactions, making them verifiable, immutable, and transparent for various stakeholders including advertisers, publishers, and users.

PATENT: System and method for prioritized automated trading in an electronic trading environment; US 11,748,810 B2; 9/5/2023; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for prioritized automated trading. One example method may include receiving a plurality of parameters, where each parameter has an order-related action associated with a trading strategy, and then detecting one or more events that trigger a plurality of order related actions. The method then includes determining priority levels in relation to a plurality of triggered order-related actions using at least one priority rule, and processing the plurality of triggered order-related action in an order associated with the determined priority levels.

PATENT: Blockchain instrument for transferable equity; US 11,748,811 B1; 9/5/2023; CPC G06Q 40/04; 20 claims; assigned to Equity Shift, Inc.

ABSTRACT: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

PATENT: Tracking liquidity order; US 11,748,812 B2; 9/5/2023; CPC G06Q 40/04; 25 claims; assigned to NYSE Group, Inc.

ABSTRACT: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.

August 29, 2023

Total CPC G06Q Subclass (business methods) patents issued:  167

Financial industry business method patents reviewed herein:   5

PATENT: Augmented intelligence explainability with recourse; US 11,741,429 B2; 8/29/2023; CPC G06Q 10/10; 17 claims; assigned to Tecnotree Technologies, Inc.

ABSTRACT: A method, system and computer-readable storage medium for performing a cognitive information processing operation. The cognitive information processing operation includes: receiving data from a plurality of data sources; processing the data from the plurality of data sources to provide cognitively processed insights via an augmented intelligence system, the augmented intelligence system executing on a hardware processor of an information processing system, the augmented intelligence system and the information processing system providing a cognitive computing function; performing an explainability with recourse operation, the explainability with recourse operation providing an assurance explanation regarding the cognitive computing function; and, providing the cognitively processed insights to a destination, the destination comprising a cognitive application, the cognitive application enabling a user to interact with the cognitive insights.

PATENT: Integrated priorities and activities alignment, coordination and visualization systems and methods; US 11,741,430 B1; 8/29/2023; CPC G06Q 10/10; 20 claims; assigned to

The Petergren Group, LLC.

ABSTRACT: Systems and methods for constructing a scheme containing one or more statements of a plurality of objectives and for using the constructed system are disclosed herein. The system receives an initial statement of a plurality of objectives related to an organization's strategy. For each objective the construction system provides access to one or more authorized users to enable the one or more authorized users to update the information on the objective; automatically analyzes the updated information to identify relationships in the objectives; automatically updates the information to include the one or more relationships; and automatically converts the updated information into a standardized format to publish the updated, converted information. The system includes storing the converted information on the plurality of components. The system then provides remote access to the updated, converted information to the one or more authorized users.

PATENT: Cryptographic currency exchange; US 11,741,430 B1; 8/29/2023; CPC G06Q 20/065; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: A system and method for transacting cryptographic currency is described. An exchange database associated with a number of buyers and sellers is maintained at a host computer system. Cryptographic currency is received from one or more of the sellers at an exchange wallet associated with the exchange database. A match is created within the exchange database, including a buy offer for the cryptographic currency from a buyer and a sell offer for the cryptographic currency from a seller. A cryptographic currency withdrawal request is received from the buyer, and in response, the host computer system determines that a total amount of cryptographic currency represented in the exchange database matches a total amount of the cryptographic currency within the exchange wallet, transfers the cryptographic currency to the buyer's wallet, and updates the exchange database by deducting a first value of the cryptographic currency that is transferred to the buyer's wallet.

PATENT: Blockchain-based transaction mechanisms; US 11,741,439 B2; 8/29/2023; CPC G06Q 20/065; 20 claims; assigned to National Currency Technologies, Inc.

ABSTRACT: A method for implementing a set of transaction mediums dedicated to a common commitment includes obtaining a set of transaction mediums at a first networked transaction node. The method also includes individually transacting each of the transaction mediums to a second networked transaction node in a first transaction. The method further includes individually, separately and uniquely marking each of the transaction mediums with a first identifiable characteristic limited only to the set of transaction mediums.

PATENT: Systems and methods for streamlining credit and/or debit card transactions utilizing blockchain supported credit tokens and/or debit tokens; US 11,741,441 B2; 8/29/2023; CPC G06Q 20/065; 29 claims; assigned to TraDove, Inc.

ABSTRACT: Systems and methods are provided for processing credit token and debit token based transactions in a blockchain supported network.

August 22, 2023

Total CPC G06Q Subclass (business methods) patents issued:  169

Financial industry business method patents reviewed herein: 5   

PATENT: Method and system for a failsafe mechanism for blockchain wallets; US 11,734,655 B2; 8/22/2023; G06Q 20/0658; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for propagating survival of cryptographic currency after inactivity over a predetermined period of time in a blockchain through the use of smart contracts includes: receiving a propagation request that includes unspent transaction output addresses, a digital signature, and a recipient address; generating a smart contract that is configured to self-execute after a predetermined period of time to initiate transfer of cryptographic currency from the output addresses to the recipient address; submitting the smart contract to a node in a blockchain network for addition to the blockchain; monitoring for new blockchain transactions involving any of the unspent transaction output addresses; generating a new smart contract to update the unspent transaction output addresses based on new blockchain transactions; and submitting the new smart contract to a node in a blockchain network after updating.

PATENT: Blockchain based loan securitization; US 11,734,756 B1; 8/22/2023; G06Q 40/03; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to systems, apparatuses, and methods for generating a securitized loan blockchain, including providing at least one security criterion, identifying at least one loan block of a loan blockchain that satisfies the security criterion, where the loan blockchain corresponds to at least one loan, and the security criterion is associated with the at least one loan block and a dynamic financial profile of a borrower of the at least one loan, and generating a security blockchain including at least a first security block, where the first security block is associated with a loan link identifier object that identifies the loan block of the loan blockchain.

PATENT: Trade authorization blockchain-based export and valuation system; US 11,734,758 B2; 8/22/2023; G06Q 40/04; 4 claims; assigned to Trade Collaboration Engine, LLC.

ABSTRACT: A system applying semantics from and applying analytics to an uploaded prior approval document to identify legal language terms affecting export approval, associating these terms with synonyms and thesaurus based comparisons and generating a control language common to prior approval agreements, thus increasing a population of trade authorizations in a blockchain and thereby enhancing an automated trade control term ontology repository. In response to a transaction of a digital asset, inter-attribute relationships are applied to evolve valuation blockchain entries for similar digital assets.

PATENT: System and method for a risk check; US 11,734,759 B2; 8/22/2023; G06Q 40/04; 15 claims; assigned to Trading Technologies International Inc

ABSTRACT: Various systems and methods are described herein for a risk check. The risk check bases a decision to allow a trading strategy to proceed on whether the order quantity for each leg of the trading strategy satisfies a certain condition. Particularly, when a trading strategy is initiated, the quantity for each of the orders to be submitted on behalf of the trading strategy, including the quantity of the initial order and any subsequent orders, is then compared to a corresponding risk value. If the order quantity for each of the orders is less than the corresponding risk value, then the trading strategy can proceed and the initial order can be sent on to the exchange. However, if the order quantity for any of the orders exceeds the risk value, then the initial order is not sent to the electronic exchange. Additionally, as described herein, quantity associated with the trading strategy is held or reserved for execution of the trading strategy regardless of the activity taken by the trader since the trading strategy was initiated. The reserved quantity can be drawn from the trading strategy until the quantity is depleted, the trading strategy has ended, or both, for example.

PATENT: Systems and methods for operating a math-based currency exchange; US 11,734,760 B1; 8/22/2023; G06Q 40/04; 18 claims; assigned to Wells Fargo Bank, N.A

ABSTRACT: Systems and methods utilized to protect data. One method includes receiving a trade order and determining a current exchange rate for a plurality of different currency transactions. The method further includes determining a trade sequence, generating a first public and private key pair for the trade order and a second public and private key pair, and transmitting the public key of the first public and private key pair. The method further includes receiving a trade confirmation and updating an account balance entry on an overlay ledger. The method further includes broadcasting the trade order to a plurality of MBC verification nodes and in response to the plurality of MBC verification nodes verifying the trade order, updating a blockchain.

August 15, 2023

Total CPC G06Q Subclass (business methods) patents issued:  202

Financial industry business method patents reviewed herein:  8

PATENT: Systems and methods for sending and receiving math-based currency via a fiat currency account; US 11,727,395 B1; 8/15/2023; CPC G06Q 20/381; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method performed by a processor of a financial institution computing system includes authorizing an account holder to execute transactions in an MBC from a financial account of the account holder that includes funds in a fiat currency. A transaction request is received, including a request to transfer a first amount of funds from the financial account to a recipient. The first amount is defined in MBC. The financial account is debited by a second amount, which is an amount of fiat currency equivalent to the first amount of MBC. A service call is transmitted to the MBC partner. The service call includes instructions to create a temporary account to hold the MBC, to exchange the second amount from fiat currency to MBC, to credit the temporary account with the funds exchanged to MBC, and to transfer the first amount in MBC from the temporary account to the recipient.

PATENT: Methods and apparatus for mortgage loan securitization based upon mortgage servicing stored on blockchain; US 11,727,484 B2; 8/15/2023; CPC G06Q 40/03; 20 claims; assigned to Ranieri IP, LLC.

ABSTRACT: Apparatus and methods for creation of securities based upon servicing records verified via a blockchain distributed ledger. The Blockchain is distributed to Participants in the Loan, such as the Borrowers, Regulators, Servicers, and Vendors. Participants may submit an aggregation criteria, such as for example a criteria used for selecting loans to be included in a securitization pool. The present disclosure further provides a method for homogenizing a variety of loan criteria and memorializing execution of a smart contract on the Blockchain.

PATENT: System and method for improved distribution of market information; US 11,727,485 B2; 8/15/2023; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed.

PATENT: User action for continued participation in markets; US 11,727,487 B2; 8/15/2023; CPC G06Q 40/04; 7 claims; assigned to Trading Technologies International Inc.

ABSTRACT: The state of a trade order may be defined and/or maintained in response to user action at a trading device. A trading device may receive a user action on a graphical user interface (GUI). The user action may cause the submission of the trade order to the electronic exchange. The trading device may receive a user action on the GUI to define an active order state. The trading device may maintain the order state until receiving an identified user action on the GUI to change the order state to inactive, which may cause the trade order to be canceled or held at the electronic exchange. The user action causing the change in the order state may be an active use action, such as a selection, or a passive user action, such as a failure to perform a selection. Such user action may encourage user attention when managing trade orders.

PATENT: System and method for pre-marshalling messages in an electronic trading environment; US 11,727,488 B2; 8/15/2023; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International Inc.

ABSTRACT: System and methods for pre-marshalling messages in an electronic trading environment are provided. Specifically, pre-marshalling messages allows for client and network devices to create messages in response to a defined first condition. Pre-marshalling messages allows a trading system to do more processing up front before the message is needed and when a second condition is satisfied. Thus, when the message is needed no further or very little processing must be performed to generate and send the message. The client and/or network device may allocate a separate, unused, or under-utilized processing thread to the task of creating pre-marshalled messages. Pre-marshalled messages may be stored in memory at the network device until it is determined that the second condition has been satisfied. Once a pre-marshalled message is sent, the unused pre-marshalled messages that were stored in memory may be deleted or may be overwritten with newly pre-marshalled messages.

PATENT: Listed options position compression system; US 11,727,491 B2; 8/15/2023; CPC G06Q 40/04; 22 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.

PATENT: Cryptographic method and system for secure extraction of data from a blockchain; US 11,727,501 B2; 8/15/2023; CPC G06Q 40/12; 12 claims; assigned to nChain Licensing AG.

ABSTRACT EXCERPT: The invention relates generally to cryptographic techniques for secure processing, transmission and exchange of data. It also relates to peer-to-peer distributed ledgers such as (but not limited to) the Bitcoin blockchain. In particular, it relates to control solutions for identifying, protecting, extracting, transmitting and updating data in a cryptographically controlled and secure manner. It also relates to system inter-operability and the ability to communicate data between different and distinct computing systems.  

PATENT: System and method for automated blockchain custody service for managing a set of custodial assets with block chain authenticity verification; US 11,727,504 B2; 8/15/2023; CPC G06Q 50/01; 26 claims; assigned to Strong Force TX Portfolio 2018, LLC.

ABSTRACT: A system and method for automated blockchain custody service for managing a set of custodial assets with block chain authenticity verification is disclosed. An example system includes an asset identification service circuit structured to interpret assets corresponding to a financial entity configured to take custody of them; an identity management service circuit structured to authenticate a plurality of identifiers corresponding to a plurality of actionable entities entitled to take action with respect to the assets, wherein the identifiers comprise at least one credential; a blockchain service circuit structured to store asset control features in a blockchain structure comprising a distributed ledger configuration; and a financial management circuit structured to communicate the interpreted plurality of assets and authenticated plurality of identifiers to the blockchain service circuit for storage in the blockchain structure as asset control features, and to record the asset control features in the distributed ledger configuration as asset events.

August 8, 2023

Total CPC G06Q Subclass (business methods) patents issued:  162

Financial industry business method patents reviewed herein:   6

PATENT: Transferring funds between two parties; US 11,720,866 B1; 8/8/2023; CPC G06Q 20/10; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method for transferring funds to a second electronic computing device includes establishing a first pre-paid payment account on a first electronic computing device. The first pre-paid payment account is used to establish one or more second pre-paid payment accounts. The one or more second pre-paid payment accounts have a value that is less than or equal to the first pre-paid payment account. A first account identifier is obtained for one of the second pre-paid payment accounts. The first account identifier is sent to the second electronic computing device. The sending of the first account identifier to the second electronic computing device results in a transfer of ownership of the one more second pre-paid accounts from a first user at the first electronic computing device to a second user at the second electronic computing device.

PATENT: Blockchain-based product authentication system; US 11,720,906 B2; 8/8/2023; CPC G06Q 30/0185; 20 claims; assigned to Touch Point Worldwide, Inc.

ABSTRACT: Methods and systems are presented for providing instant authentication of a product and enhanced user experience with the product via blockchain technologies. A product verification system uses blockchain technologies to track the supply chain process of each instance (e.g., each copy) of a product. Upon receiving a request for authenticating an item, a code provided with the item is scanned. A token corresponding to an instance of a product is determined based on the code. The product verification system traverses a blockchain to access data associated with the token. The item is authenticated based on the data. Additional content provided by the supply chain and/or the manufacturer of the instance of the product may be presented on a user device in response to authenticating the item.

PATENT: Cryptographic-token minting scheduler; US 11,720,913 B2; 8/8/2023; CPC G06Q 30/0215; 20 claims; assigned to Rakfin, Inc.

ABSTRACT: Described processes include: obtaining instantiation records of a cryptographic token; selecting historical instantiations of the cryptographic token; determining, based on a measure of central tendency of the adjusted tractable values of the selected historical instantiations, a target tractable value of a new instantiation period; accessing transaction records corresponding to one or more transactions in which amounts of the cryptographic token were transferred to addresses inoperable to transfer received cryptographic tokens to other addresses; identifying, from the transaction records, transactions corresponding to the new instantiation period; and determining to instantiate the cryptographic token for the new instantiation period in response to identifying a set of transactions corresponding to the new instantiation period having an aggregate tractable value meeting or exceeding the target tractable value of the new instantiation period.

PATENT: Algorithmic model to allow for order completion at settlement or at close using exchange mandated rules for settlement determination; US 11,720,963 B2; 8/8/2023; CPC G06Q 40/04; 17 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT: A system and method for managing and processing Market-On-Close orders for financial instruments by dynamically employing trading strategies according to settlement rules for financial instruments is provided. Techniques disclosed can include the use of an execution model that allows a trader to submit a MOC order using a trading system. The trading system can be configured to store settlement and validation rules corresponding to a given trading instrument and/or exchange and can be configured to execute the order according to the rules specified by an exchange. The model disclosed herein can rely on exchange mandated settlement rules and settlement times, can accept the order prior to the settlement time, and can manage the order according to parameters and details of the execution model and the settlement rules specified by an exchange for a given instrument.

PATENT: System and method for natural language order fill; US 11,720,964 B2; 8/8/2023; CPC G06Q 40/04; 17 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Various methods, apparatuses/systems, and media for implementing a natural language order fill module are disclosed. A database stores data corresponding to trade details of a particular trade. A processor is operatively coupled to the database via a communication network. The processor configures a free-form text box to receive user input data corresponding to the trade details (e.g., abbreviations data, varying sentence syntax data, special characters data and details data, etc.) of the particular trade; implements neural networks algorithm to interpret and extract key trade details data from the receive user input data corresponding to the trade details of the particular trade regardless of text structure of the input data; and automatically fills in corresponding trading ticket fields in real-time based on the extracted key trade details data.

PATENT: System and method for matching trading orders based on priority; US 11,720,965 B2; 8/8/2023; CPC G06Q 40/04; 11 claims; assigned to BGC Partners, Inc.

ABSTRACT: A system for managing trading orders comprises a memory to store a first trading order for a particular trading product, wherein the first trading order comprises display and reserve portions and is received from a first trader. The memory may store a second trading order for the particular trading product, wherein the second trading order comprises display and reserve portions and is received from a second trader after the first trading order. A processor of the system communicatively coupled to the memory may receive from a counterparty trader a counterorder for the trading product. The processor may use the counterorder to fill the display portions respectively of the first and second trading orders. After filling the display portion of the second trading order, the processor may exclusively offer at least a portion of the counterorder to the first trader for a configurable period of time.

August 1, 2023

Total CPC G06Q Subclass (business methods) patents issued:  126

Financial industry business method patents reviewed herein:   4

PATENT: Method and system for trust-based payments via blockchain; US 11,715,099 B2; 8/1/2023; CPC G06Q 20/38215; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for processing a trust-based transaction via a blockchain includes: receiving data associated with a proposed trust-based transaction including at least a transaction amount, payment data, and a broker identifier; processing payment for the transaction amount using the payment data; identifying a blockchain address associated with a broker corresponding to the broker identifier; generating a digital token, wherein the digital token is unique to the proposed trust-based transaction; electronically transmitting the generated digital token to a first computing device; and electronically transmitting at least the transaction amount, blockchain address, and at least one of: the generated digital token and data used to generate the generated digital token to a node associated with a blockchain network.

PATENT: Single-use payment tokens; US 11,715,101 B2; 8/1/2023; CPC G06Q 20/385; 17 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Provided are systems and methods for managing and implementing single-use payment-enabled tokens. In one example, a method may include distributing, via a server, a payment-enabled token to a payment application on a computing device, the payment-enabled token being mapped to a payment account of the payment application via a tokenization service, detecting use of the payment-enabled token as a payment via the payment application, and in response to the detecting, deactivating the payment-enabled token at the server and storing an identifier of the payment-enabled token and an additional data element of the payment-enabled token that identifies the payment account together within a data structure of the server.

PATENT: Systems and methods of an interface for use in electronic trading; US 11,715,157 B2; 8/1/2023; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Various systems and methods for presenting and interacting with electronic trading related information on a display screen of a computer system are provided. According to one or more embodiments, buttons are positioned and compressed along an axis, where each button corresponds to a function. A button can be selected through an action of a user input device. A button is removed from the region when a function corresponding to the button is no longer current and when the cursor is not positioned within the region. The remaining buttons, if any, in the region are compressed subsequent to removing the button from the region. A button is not removed from the region when the cursor is positioned within the region.

PATENT: Methods involving a hub platform and communication network configured for processing data involving time-stamped/time-sensitive aspects and/or other features; US 11,715,158 B2; 8/1/2023; CPC G06Q 40/04; 347 claims; assigned to ClearingBid, Inc.

ABSTRACT: Systems and methods involving a hub platform, communication network, and memory configured for processing data involving time-stamped/time-sensitive aspects and other features are disclosed. In one example, an illustrative system may comprise a hub computer platform and associated computing components configured to generate a plurality of portals including at least first and second portals, including aspects such as automatically updating information displayed therein in real-time between portals, automatically attaching and/or processing timestamps and identifier information that are attached to orders upon receipt and acceptance thereof, automatically generating and/or processing order book data, generating, updating and/or interactively displaying various tabular and/or graphical information such as order information that is automatically processed based on timestamps and/or other inputs and data, and/or generating other GUI features that, for example, may graphically display and automatically update level-of-involvement information.

July 25, 2023

Total CPC G06Q Subclass (business methods) patents issued:  122

Financial industry business method patents reviewed herein:   7

PATENT: Cryptocurrency payment network; US 11,710,108 B2; 7/25/2013; CPC G06Q 20/065; 20 claims; assigned to Block, Inc.

ABSTRACT: In one embodiment, a method includes receiving a request for payment associated with a transaction between a first user and a second user, where the request specifies a payment amount in a fiat currency and identifying an indication that the first user intends to satisfy the request for payment using a non-fiat instrument. The method also includes initiating a first transfer of a value corresponding to the payment amount in the non-fiat instrument from a first balance of the first user to one or more service balances of a payment service and initiating a second transfer of a value corresponding to the payment amount in the fiat currency from the one or more service balances of the payment service to a second balance of the second user.

PATENT: Blockchain-based transaction kiosk; US 11,710,112 B2; 7/25/2013; CPC G06Q 20/18; 20 claims; assigned to BitAccess Inc.

ABSTRACT: The systems and methods described herein provide for facilitating in-person payments at a transaction kiosk. First, the system provides an authentication interface for display at a network-enabled transaction kiosk. A user is authenticated at the kiosk via the authentication interface, and based on that authentication, the system detects a payment application and a payment request corresponding to the user, wherein the payment application is associated with a service provider and the payment request was created with the payment application. Next, the system identifies a user interface scheme associated with the payment application, and then updates the user interface for display at the transaction kiosk to match the user interface scheme, then initiates a blockchain payment based on the payment request.

PATENT: System and method for a mobile wallet; US 11,710,118 B1; 7/25/2013; CPC G06Q 20/36; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A mobile device includes at least one processor, a memory and computer-executable instructions stored thereon. The mobile device is structured to determine first geolocation information indicative of a location of the mobile device and determine, based on the first geolocation information, that the mobile device is located within a predetermined geographic region from a plurality of merchant locations. The mobile device generates an electronic alert message regarding the plurality of merchant locations and displays the electronic alert message to the user. The mobile device determines a user selection of a payment card via a mobile wallet application running on the mobile device. Second geolocation information regarding a location of the mobile device is determined. A code generate a code for a purchase transaction is generated. The code includes the second geolocation information, tokenized payment card information, and a merchant identifier.

PATENT: Using a nested random number-based security ecosystem for block chains for electronic cash tokens and other embodiments; US 11,710,122 B2; 7/25/2013; CPC G06Q 20/389; 20 claims; assigned to Matrics2, LLC.

ABSTRACT: Methods, systems, and apparatuses for block chain security schemes for electronic cash tokens are described herein.

PATENT: Blockchain-based method and apparatus for managing biological asset object; US 11,710,129 B2; 7/25/2013; CPC G06Q 20/40145; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: The present specification provides a blockchain-based method and apparatus for managing a biological asset object. The method is performed by a node device in a blockchain network, a smart contract for managing a biological asset object is deployed in the blockchain, and processing logic corresponding to contract code of the smart contract includes biological asset object creation logic, the method including: obtaining an asset object creation transaction generated by a client, where the asset object creation transaction includes identification information of a target organism; and invoking the smart contract, executing the biological asset object creation logic, and creating a target biological asset object corresponding to the target organism based on the identification information of the target organism.

PATENT: Systems and methods for routing trade orders based on exchange latency; US 11,710,183 B2; 7/25/2013; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Systems and methods for routing trade orders based on exchange latency are disclosed. An example method includes measuring a first latency associated with a first exchange based on a processing time of a first trade order; and routing a second trade order from a trading device to one of the first and a second exchange based on the first latency.

PATENT: Blockchain subrogation claims with arbitration; US 11,710,190 B2; 7/25/2013; CPC G06Q 40/08; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: A shared ledger operated by a group of network participants according to a set of consensus rules manages and resolves subrogation claims between a clamant and a defendant with arbitration. Evidence regarding the value of the subrogation claim is sent to the shared ledger by the parties to the subrogation claim, such as sending data to a smart contract deployed on the shared ledger. The parties to the claim may request arbitration, especially after attempts to settle the claim on-chain between the two parties have failed. An arbitrator may request evidence from the parties and/or request responses from the parties to accept damages calculations and/or settlement offers. Once the claim is resolved, the arbitrator may release funds on the chain to the prevailing party or may accept confirmation that any payments have been made between the parties off-chain.

July 18, 2023

Total CPC G06Q Subclass (business methods) patents issued:  160

Financial industry business method patents reviewed herein:   10

PATENT: Virtual currency for managing advertising and content delivery; US 11,704,635 B2; 7/18/2023; CPC G06Q 20/065; assigned to T-Mobile USA, Inc.

ABSTRACT: A content delivery platform may deliver program content segments and advertising content segments to multiple user devices. The content delivery platform may deliver a program content segment to a primary user device of a user for presentation on the primary user device. The content delivery platform may retrieve an advertising content segment from an advertising content store for presentation. The advertising content segment is provided by an advertiser that is sponsoring the presentation of the program content segment on the primary user device. The content delivery platform may send the advertising content segment to a secondary user device of the user for presentation at the secondary user device.

PATENT: Method and system for blockchain-based vehicle identifiers and wallets for decentralized payments; US 11,704,663 B2; 7/18/2023; CPC G06Q 20/3678.

ABSTRACT: A system for blockchain-based unique identifiers and decentralized payments including a first computerized system that includes a unique identifier, a second computerized system including a gateway device that can communicate with a blockchain network, generate a transaction to transfer a token value responsive to receiving the unique identifier and synchronize the generated transaction to the blockchain network. One of the first computerized system and the second computerized system is installed in a vehicle and the other is installed in a fixed structure.

PATENT: Systems and methods for bartering services and goods using distributed ledger techniques; US 11,704,726 B1; 7/18/2023; CPC G06Q 30/08; assigned to USAA.

ABSTRACT: Systems and methods described herein track bartering using distributed ledger techniques to, for example, facilitate the establishment of a bartering marketplace that enables users to barter for, and ultimately exchange, services and/or goods with each other. In certain embodiments, a monetary value may be assigned to each service and/or good to be bartered to establish appropriate bartering baselines. In addition, in certain embodiments, additional monetary value exchanges may be tracked for particular exchanges to make sure that the exchanges are fair.

PATENT: Method and apparatus for real-time treasury applications; US 11,704,727 B2; 7/18/2023; CPC G06Q 40/02; 14 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Various methods, apparatuses/systems, and media for accessing data in real time are provided. A plurality of data sources are provided, each including various data corresponding to a user's account held and managed by an institution. A processor implements API connectivity to connect a user's system of choice to each of the plurality of data sources. A receiver receives user's login data associated with the user's account from the user's system of choice. The processor accesses data corresponding to the user's account in real time from the plurality of data sources via the API connectivity; and causes a GUI of the user's system of choice to display the data in real time.

PATENT: Crypto multiple security asset creation and redemption platform; US 11,704,733 B2; 7/18/2023; CPC G06Q 40/04; 17 claims; assigned to tZero IP, LLC.

ABSTRACT: An asset trading system utilizing a distributed ledger and configured to: when a creation request to create a digital fund token representing at least one share of a fund having a plurality of different assets (i) is received, (ii) is electronically signed with a private key associated with a first addressed account, and (iii) indicates a composition of the at least one share of the fund: place the plurality of different assets represented by the at least one share of the fund into an escrow account; create the digital fund token, wherein the digital fund token indicates the composition of the share of the fund; and record the creation of the digital fund token on a distributed ledger.

PATENT: System for processing withholding payments; US 11,704,734 B2; 7/18/2023; CPC G06Q 40/04; 17 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.

PATENT: Systems and methods for an electronic auction; US 11,704,735 B2; 7/18/2023; CPC G06Q 40/04; 30 claims; assigned to NYSE Group, Inc.

ABSTRACT: Verifiable order message handling for electronic auctions. Electronic order messages are received, with at least one message including an order of a predetermined type having sell order information associated with an entity having securities not previously registered for transactions. Requests for participation in an electronic auction are identified from among the messages. The requests include auction-only order information, with at least one request including the order of the predetermined type. It is determined whether the sell order information in the order of the predetermined type meets a predetermined auction condition based on an auction price. When the sell order information meets the predetermined auction condition, the order is permitted to participate in the electronic auction, such that the order is executed in full in the electronic auction. When the sell order information does not meet the predetermined auction condition, the electronic auction is canceled.

PATENT: Computerized portfolio management tool; US 11,704,736 B1; 7/18/2023; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to providing portfolio management tools. For example, a system may generate a portfolio management user interface comprising a first table and a first rebalancing button. The first table may comprise an asset class name column; a model portfolio column indicating asset class weights in a model portfolio; a test portfolio column indicating asset class weights in a test portfolio; a modification column indicating modifications to asset class weights; a modified portfolio column indicating asset class weights in a modified portfolio; and a plurality of rows comprising a first row for a first asset class of the asset classes and a second row for a second asset class of the asset classes. The system may receive an indication that the user selected the rebalancing button and generate a first set of modifications to asset class weights to reduce a difference between the test portfolio and the model portfolio.

PATENT: Method and system for processing transactions based on transaction archetypes; US 11,704,743 B2; 7/18/2023; CPC G06Q 40/12; 20 claims; assigned to Intuit Inc.

ABSTRACT: Certain aspects of the present disclosure provide techniques for processing transactions in a computing system. An example method generally includes receiving a request to perform an operation with respect to an object included in the request. A system identifies an archetype defining properties of the object included in the request. Based on the identified archetype, the system identifies data repositories to commit data to in order to perform the requested operation and rules for performing the operation with respect to the object. One or more actions are executed against the identified data repositories according to the identified rules.

PATENT: Futures margin modeling system having seasonality detection; US 11,704,731 B2; 7/18/2023; CPC G06Q 50/06; 26 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A physical container (e.g., a battery) may be filled up (charged) or emptied (discharged) with energy commensurate with requirements to post a particular amount of collateral. The disclosure provides computing systems and methods for processing data using a novel combination of wavelet techniques and rolling techniques to more efficiently detect seasonality in particular products (e.g., energy products) to more accurately model and determine collateral/margin requirements. A clearinghouse computing device may be configured to generate a margin requirement for a portfolio of products and may include a processor to process instructions that cause the clearinghouse computing device to perform wavelet decomposition and rolling methods on a historical database of records.

July 11, 2023

Total CPC G06Q Subclass (business methods) patents issued:  95

Financial industry business method patents reviewed herein:   10

PATENT: Distributed ledger system for automated claim adjudication; US 11,699,131 B2; 4/11/2023; CPC G06Q 10/10; 20 claims; assigned to Synchrony Bank.

ABSTRACT: In one aspect, a distributed ledger system include a first network node configured to detect a triggering condition for processing a claim; collect user and broker information for processing the claim; convert the information from a first computer-readable format to a second computer-readable format; validate the converted information based on corresponding digital signatures; generate claim state objects based on the validated information to be used by each node of the distributed ledger system to execute a smart contract for processing the claim; receive one or more updated claim state objects from a second network node reflecting updated processing status of the claim to be used by each node of the distributed ledger system to execute the smart contract for processing the claim; and process the claim based on results of execution of the smart contract using the one or more updated claim state objects.

PATENT: Systems and methods for monitoring and analyzing financial transactions on public distributed ledgers for suspicious and/or criminal activity; US 11,699,159 B2; 4/11/2023; CPC G06Q 20/4016; 20 claims; assigned to Jumio Corporation.

ABSTRACT: Systems and methods configured for monitoring and analyzing financial transactions on public distributed ledgers for suspicious and/or criminal activity are disclosed. Exemplary implementations may: access public third-party information for addresses involved in financial transactions; correlate a first portion of the public third-party information with transaction addresses; label the financial transactions and/or the addresses according to characteristics, such that individual ones of the addresses either have been labeled or are unlabeled; cluster the financial transactions and/or the addresses into a set of clusters that includes a first cluster; assign levels of risk for suspicious and/or criminal activity to the addresses and the financial transactions; and responsive to comparisons of levels of risk with a threshold, report transactions for suspicious and/or criminal activity.

PATENT: Cryptocurrency mining selection system and method; US 11,699,183 B2; 4/11/2023; CPC G06Q 40/04; 1 claim; assigned to WT Data Mining and Science Corp.

ABSTRACT: A system and method of optimizing cryptographic mining yields includes analyzing, by a cryptocurrency mining selection system, data associated with factors of interest for one or more cryptocurrencies using machine learning algorithms. Data that is determined to be predictive of the future value of newly mined tokens is used to determine which tokens will have the highest and lowest future values. Based on the predicted value of tokens in the future and the current value of those tokens for each cryptocurrency, the system outputs one or more instructions to buy tokens in cryptocurrencies predicted to increase in value, to sell tokens in cryptocurrencies predicted to decrease in value, and to instruct associated cryptocurrency mining hardware to switch to generating new tokens in one or more selected cryptocurrencies to maximize yields.

PATENT: Context based filtering within subsets of network nodes implementing a trading system; US 11,699,184 B2; 4/11/2023; CPC G06Q 40/04; 20 claims; assigned to tZero IP, LLC.

ABSTRACT: A method includes generating first messages having a first message type, at a first subset of network nodes in a peer-to-peer network, based on requests received from a first external computing device; submitting second events to the peer-to-peer network, the first events having payloads that are based on the first message type; and using at least one directed acyclic graph (DAG) to attempt to reach a consensus about timestamps in the first events. The method also includes receiving, at a second subset of network nodes, events having different payload types from the peer-to-peer network and filtering for first events having payloads based on the first message type; and when one of the second subset of network nodes receives a first event having a payload that is based on the first message type, converting the payload into a second message that is sent to a second external computing device.

PATENT: Systems and methods for privacy-preserving inventory matching; US 11,699,185 B2; 4/11/2023; CPC G06Q 40/04; 11 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for privacy-preserving inventory matching are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for inventory matching may include: (1) receiving, from each of a plurality of clients, a masked submission comprising an identification of at least one security to buy or sell and a desired quantity to buy or sell; (2) aggregating the masked submissions resulting in a sum of the desired quantities to buy or sell; (3) matching at least two of the clients to conduct a transaction based on aggregation and their respective masked submissions; and (4) conducing the transaction between the matched clients.

PATENT: Systems and methods for IT supply chain management on a distributed platform; US 11,699,186 B1; 4/11/2023; CPC G06Q 40/04; 20 claims; assigned to EDJX, Inc.

ABSTRACT: Systems and methods for buying, selling, and financing enterprise IT infrastructure capacity on a decentralized and distributed marketplace platform are disclosed. In one embodiment, the decentralized and distributed IT marketplace platform is based on the blockchain technology. In one embodiment, a blockchain-based IT marketplace platform provides a decentralized supply chain for IT assets and financial services and establishes a self-regulating and trustless marketplace of connected consumers, producers, and financiers. In one embodiment, the blockchain-based IT marketplace platform enables developing, executing, financing and monetizing modern, cloud native, enterprise compute infrastructure and software applications.

PATENT: Systems and methods for computing an index for a binary options transaction; US 11,699,187 B2; 4/11/2023; CPC G06Q 40/04; 18 claims; assigned to CFPH, LLC.

ABSTRACT: Methods, apparatuses, and article of manufactures for receiving a plurality of bids and offers for a binary options instrument. Each bid and offer comprises a quantity and a price. A subset of bids and offers from the plurality of received bids and offers is generated. At least one rule is applied to the subset of bids and offers to generate a reduced subset of bids and offers. A binary options index is computed from the reduced subset of bids and offer. A request for a binary options transaction that is based on the computed binary options index is received.

PATENT: Banking as a service enabled virtual exchange computing platform; US 11,699,188 B2; 4/11/2023; CPC G06Q 40/04; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: A computing system includes a first computing platform and a virtual exchange computing platform, where the first computing platform provides an application and a first electronic value token and the virtual exchange computing platform is communicatively coupled to the first computing platform. The virtual exchange computing platform receives the information corresponding to the first electronic value token and calculates, via API functions linking to banking as a service (BaaS) functionality processed by a valuation computing platform, a valuation of the first electronic value token. The virtual exchange computing platform causes presentation, via a network and on a first user device, a user interface screen presenting a visualization of a value of the electronic value token and comprising an input and triggers, based on a received trade input from the user interface, a virtual exchange of value involving the first electronic value token.

PATENT: Scalable enforcement of aggregation constraints within transactions; US 11,699,193 B2; 4/11/2023; CPC G06Q 40/12; 20 claims; assigned to IBM.

ABSTRACT: Embodiments relate to aggregation operations. More specifically, embodiments relate to enforcing an aggregation constraint across a distributed network of compute nodes responding asynchronously. Each compute node individually processes the local partial aggregate value in parallel and asynchronously communicates with a conflict resolution node (CRN).

PATENT: System and method for blockchain-based network transitioned by a legal contract; US 11,699,201 B2; 4/11/2023; CPC G06Q 50/18; 18 claims; assigned to DocuSign, Inc.

ABSTRACT: A system and method for transitioning a distributed ledger network according to a legal contract that includes: establishing a contract, which comprises generating a set of programmable clauses for the contract by implementing a templating system comprised of a template model that contains the logic of each programmable clause of the set of programmable clauses; operating a distributed ledger network between participants, wherein the distributed ledger network is configured with an application model that maps to the template model; updating the contract state; updating the distributed ledger network according to the application model; in response to at least one update to the contract state, recording an update to the distributed ledger network; and in response to at least one contract-associated update in the distributed ledger network, initiating execution of at least one programmable clause of the contract and recording a subsequent update to the distributed ledger network.

July 4, 2023

Total CPC G06Q Subclass (business methods) patents issued:  170

Financial industry business method patents reviewed herein:   10

PATENT: System and method for rendering virtual currency related services; US 11,694,169 B2; 7/4/2023; CPC G06Q 20/065; 27 claims; assigned to OX Labs Inc.

ABSTRACT: Technique introduced here relates to virtual currency related services, and more specifically, to tools for providing crypto or other digital currency (e.g. bitcoin) related services, including bitcoin DNS service, sending bitcoins over social media communication networks, a bitcoin trading platform and secure storage services for bitcoin.

PATENT: Implementing logic gate functionality using a blockchain; US 11,694,193 B2; 7/4/2023; CPC G06Q 20/3678; 18 claims; assigned to nChain Licensing AG.

ABSTRACT: The invention presents a solution in which blockchain Transactions are created to implement the functionality of a logic gate. The invention may be implemented on the Bitcoin platform or an alternative blockchain platform. The transaction includes a locking script which comprises instructions selected so as to implement the functionality of a logic gate, such as the XOR gate. When the script is executed (because a second transaction is attempting to spend the output associated with the locking script) the inputs will be processed by the conditional instructions to provide an output of TRUE or FALSE. The inputs are pre-processed by one or more computing agents so that they are evaluated to TRUE or FASLE prior to being used as inputs to the script. The second transaction is transmitted to the blockchain network for validation and, if determined to be valid, it will be written to the blockchain. Validation of the second transaction can be interpreted as a TRUE output. Thus, the locking script of the first transaction provides the functionality of the desired logic gate. The invention provides numerous advantages and can be used in a wide variety of applications, such as for the implementation of control systems and unit.

PATENT: Method and system for directing an exchange associated with an anonymously held token on a blockchain; US 11,694,196 B2; 7/4/2023; CPC G06Q 20/3825; 17 claims; assigned to nChain Licensing AG.

ABSTRACT EXCERPT: The invention provides a method and corresponding system for controlling the generation of a blockchain transaction, and/or the recipient of a transaction output. It can also be used to control and record the ownership of an asset represented on the blockchain without the need for a separate registry of ownership. The ownership and transfers thereof can be handled and recorded without the need for knowledge of the parties involved or their identities.

PATENT: Object oriented smart contracts for UTXO-based blockchains; US 11,694,197 B2; 7/4/2023; CPC G06Q 20/3825; 10 claims; assigned to BCDB, Inc.

ABSTRACT: Disclosed is method and system for turning existing object-oriented programming languages into smart contract languages without introducing new syntactic features. The invented method and system provide a protocol that enables storing a history of computations on a decentralized computer network, such as UTXO-based blockchain system, for any object-oriented computer language. The invented method and system further provide for storing and updating data on blockchains, where such blockchains may be used in cryptocurrency applications and for smart contracts.

PATENT: System and method for transferring resources using a blockchain; US 11,694,198 B2; 7/4/2023; CPC G06Q 20/3829; 19 claims; assigned to nChain Licensing AG.

ABSTRACT: A computer-implemented includes sending a public key associated with a particular node in a cyclically-ordered set of nodes participating in a blockchain network to an initiator node; receiving, by the particular node from a node immediately previous to the particular node in the cyclically-ordered set, a first value based on public keys associated with each node from the particular node through to the initiator node; determining a locking value based on the first value and the public key associated with the particular node; and preparing using the locking value, a transaction arranged to transmit control of a resource from a source address associated with the particular node to a receiving address of a node immediately subsequent to the particular node. The control of the resource is to be transmitted responsive to satisfaction of an execution condition including supply of an unlocking value corresponding to the locking value.

PATENT: Utilizing artificial intelligence to make a prediction about an entity based on user sentiment and transaction history; US 11,694,257 B2; 7/4/2023; CPC G06Q 40/04; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A device receives comment information that is associated with users and includes comments provided by the users, about an entity, via social media sources, and receives transaction information that is associated with the users and includes financial transactions of the users with the entity. The device determines correlations between the comment information and the transaction information, where the correlations between the comment information and the transaction information provide weights to the comment information to generate weighted comment information. The device generates a prediction about a future stock price of the entity based on the weighted comment information, the transaction information, and the correlations between the comment information and the transaction information, and provides the prediction about the future stock price of the entity for display.

PATENT: Authorization of a trading strategy algorithm; US 11,694,259 B2; 7/4/2023; CPC G06Q 40/04; 8 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Systems, methods, and computer-readable storage media are provided for authorizing a trading algorithm prior to execution of the trading algorithm. An example method includes receiving a trading algorithm definition associated with a unique identifier and sending the unique identifier to an algorithm server that is operable to execute programming code representing the trading algorithm. The unique identifier may be associated with a trader authorized to execute the programming code. The algorithm server may check the unique identifier prior to execution of the programming code to ensure that the trading algorithm has been authorized.

PATENT: Market data redaction tools and related methods; US 11,694,260 B2; 7/4/2023; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: An example method includes receiving, at a first computing device, market data related to a plurality of tradeable objects. The example method includes displaying, via an interface, the received market data via at the first computing device. The interface is based on an interface object model including a plurality of data components corresponding to the received market data. The example method includes receiving an input selection to share the interface with a second computing device and generating a transfer object model based on the interface object model in response to the receipt of the input selection. The example method includes identifying a first group of the plurality of data components included in the transfer object model and redacting the first group of the plurality of data components corresponding to the received market data components. The example method includes transmitting the redacted transfer object model to the second computing device.

PATENT: Blockchain instrument for transferable equity; US 11,694,264 B1; 7/4/2023; CPC G06Q 40/04; 20 claims; assigned to Equity Shift, Inc.

ABSTRACT: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

PATENT: System and method for centralized clearing of over the counter foreign exchange instruments; US 11,694,265 B2; 7/4/2023; CPC G06Q 40/04; 26 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.

June 27, 2023

Total CPC G06Q Subclass (business methods) patents issued: 188

Financial industry business method patents reviewed herein:   10

PATENT: Decisional architectures in blockchain environments; US 11,687,916 B2; 6/27/2023; CPC G06Q 20/367; 18 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a table identifier in a blockchain. Because there may be many digital contracts offered as virtual services, the table identifier uniquely identifies a particular decision table and/or the digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the decision table and/or the digital contract. The blockchain need only include or specify the table identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Method and device for control of blockchain data access based on smart contract; US 11,687,921 B2; 6/27/2023; CPC G06Q 20/3827; 9 claims; assigned to China UnionPay Co. Ltd.

ABSTRACT: The present disclosure provides a method and a device for control of blockchain data access based on a smart contract. The method includes obtaining, by a blockchain node, an access operation request of an institution, the access operation request including a transaction identifier of a transaction to be accessed, according to the transaction identifier, determining a blockchain state corresponding to the transaction identifier, the blockchain state including a hash value of the transaction corresponding to a last time change of the blockchain state, according to the hash value of the transaction corresponding to the last time change in the blockchain state and an identifier of the institution, performing data access control on the institution, obtaining control result, and transmitting the control result to the institution.

PATENT: Systems and methods for addressing security-related vulnerabilities arising in relation to off-blockchain channels in the event of failures in a network; US 11,687,922 B2; 6/27/2023; CPC G06Q 20/3829; 10 claims; assigned to nChain Licensing AG.

ABSTRACT: A method in accordance with the invention includes: providing to a hub, from an enclave associated with a TEE at a node, an enclave public key; establishing a channel with the hub by broadcasting to a blockchain network a funding transaction which encumbers a digital asset with a first public key, a second public key and a third public key such that the encumbrance of the digital asset may be removed by: 1) both a first signature generated from a first private key corresponding to the first public key and a second signature generated from a second private key corresponding to the second public key; or 2) a third signature, valid for the third public key, the third public key associated with a group; receiving a commitment transaction encrypted with the enclave public key; detecting a failure; and issuing a failsafe activation request to the group using data from the enclave.

PATENT: Systems and methods for facilitating tokenization of modifiable game assets on a distributed blockchain; US 11,687,923 B2; 6/27/2023; CPC G06Q 20/3829; 18 claims; assigned to Mythical, Inc.

ABSTRACT: Systems and methods for facilitating tokenization of modifiable game assets on a distributed blockchain may: generate a smart contract configured to contain license keys associated with the modifiable game assets and to effectuate transfers of the license keys to purchasers; post the smart contract to a distributed blockchain; receive sales information describing a first game asset that is usable within the online gaming platform and intended to be offered for sale to gaming users of the online gaming platform; obtain verification information that indicates the first game asset has passed or failed a verification; tokenize the first game asset into a tokenized game asset on the distributed blockchain, responsive to the verification passing successfully; and offer the tokenized game asset for sale.

PATENT: Cryptocurrency infrastructure system; US 11,687,924 B2; 6/27/2023; CPC G06Q 20/3829; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the present invention are directed to methods and systems for managing a cryptocurrency payment network comprising one or more issuer nodes and one or more distributor nodes. Issuer nodes may be granted different rights from distributor nodes with respect to the issuance and distribution of digital currency within the cryptocurrency payment network. A management system server computer may generate unique node verification key pairs for each node in the cryptocurrency payment network, where the node verification key pairs may be used to identify and authenticate issuer nodes and distributor nodes.

PATENT: Method and apparatus for processing account of blockchain network, and storage medium; US 11,687,942 B2; 6/27/2023; CPC G06Q 20/405; 18 claims; assigned to Baidu Online Network Technlogy (Beijing) Co. Ltd.

ABSTRACT: Disclosed are a method and apparatus for processing an account of a blockchain network. The method includes: obtaining an account transaction request associated with a chain account, wherein, the chain account belongs to the blockchain; obtaining an account smart contract from the account transaction request, and writing the account smart contract into a block, wherein, the account smart contract is configured to perform operation on a chain element in the chain account when executed.

PATENT: Adjusting weights of weighted consensus algorithms for blockchains; US 11,687,948 B2; 6/27/2023; CPC G06Q 30/0185; 20 claims; assigned to PayPal, Inc.

ABSTRACT EXCERPT: Systems and methods are described for adjusting decision reliability scores (e.g., weights) in weighted consensus algorithms for blockchains include accessing broadcast events in a blockchain, where the broadcast events correspond to a historic period of time.

PATENT: Manipulating trading tools; US 11,688,006 B2; 6/27/2023; CPC G06Q 40/04; 8 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Trading tools may be manipulated by allowing assembly, disassembly, and configuration of different trading tools. The assembly of different trading tools may generate combined trading tools. The combined trading tools may enable interoperability between the trading tools therein. Customization of the combined trading tools may be enabled by enabling a user to rearrange predefined areas displayed within the trading tools within the combined trading tools. The customization of the combined trading tools may enable customization of different functionality within the combined trading tools. The trading tools within a combined trading tool may include a tab tool for enabling multiple instances of another trading tool to which the tab tool is attached. Each instance of a trading tool may be associated with a respective tab for enabling a user to toggle between the multiple instances of the trading tool.

PATENT: Systems and methods for coordinating processing of instructions across multiple components; US 11,688,007 B2; 6/27/2023; CPC G06Q 40/04; 28 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system or trading system architecture having multiple transaction processors that process or execute instructions. The instructions are sent to the transaction processors before they are to be executed, so that when an instruction identifier corresponding to a pre-sent or pre-loaded instruction is sent to a transaction processor, the transaction processor can retrieve and execute the corresponding instruction without unnecessary delay, thus reducing transaction processing latency and improving computing efficiency.

PATENT: Prioritization of trade order processing in electronic trading; US 11,688,008 B2; 6/27/2023; CPC G06Q 40/04; 22 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Various systems and methods for trade order processing in an electronic trading environment are provided. According to one or more embodiments, two or more trade orders are currently queued for execution at one or more electronic exchanges and are to be modified at substantially the same time. Each trade order is processed according to a priority based on each order's proximity to a particular market price, for example.

June 20, 2023

Total CPC G06Q Subclass (business methods) patents issued:  142

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based supply chain payment network; US 11,681,992 B2; 6/20/2023; CPC G06Q 20/065; 14 claims; assigned to TraDove, Inc.

ABSTRACT EXCERPT: Systems and methods are provided for hosting a blockchain associated with at least a first blockchain-based supply chain payment network and a second blockchain-based supply chain payment network. The blockchain can be a distributed database that includes a plurality of data records that represent transactions in the first blockchain-based supply chain payment network and transactions in the second blockchain-based supply chain payment network.

PATENT: Systems and methods for charitable giving using blockchain cryptocurrency; US 11,682,003 B2; 6/20/2023; CPC G06Q 20/3678; 15 claims; assigned to Avrohom Meir Cluck.

ABSTRACT EXCERPT: Systems and methods for storing and managing blockchain transactions may include receiving a transaction request on a distributed ledger transaction machine that is part of a distributed ledger network including distributed ledger transaction machines, each storing an identical copy of a blockchain. The method may include extracting percentage allocations for each transaction in the transaction request as well as a set of identifying information indicating a charitable owner for at least one of the transactions.

PATENT: Systems and methods for token-based cross-currency interoperability; US 11,682,005 B2; 6/20/2023; CPC G06Q 20/381; 7 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for token-based cross-currency interoperability are disclosed. In one embodiment, in a first financial institution information processing apparatus comprising at least one computer processor, a method for conducting a token-based cross-currency transaction may include: (1) receiving, from a first party, a transaction initiation request for a transaction amount to a second party; (2) deducting the transaction amount from a fiat currency account for the first party; (3) creating a token amount of tokens for the transaction amount; (4) writing the token amount to a distributed ledger; and (5) transferring the token amount of tokens to a second financial institution for the second party.

PATENT: Method and apparatus for operating blockchain system, device and storage medium; US 11,682,014 B2; 6/20/2023; CPC G06Q 20/401; 12 claims; assigned to Beijing Baidu Netcom Science Technology Co., Ltd.

ABSTRACT: Provided are a method and apparatus for operating a blockchain system, a device and a storage medium. The method is described below. To-be-processed blockchain data is acquired through a kernel engine of the blockchain system. The to-be-processed blockchain data is processed through the kernel engine, a consensus component call request is generated according to a consensus component interface during a processing process of the to-be-processed blockchain data, and a corresponding consensus component is called according to the consensus component call request, where the corresponding consensus component is configured to execute a consensus mechanism between blockchain nodes.

PATENT: Blockchain tracking and managing of a transaction incented by a merchant donation to a consumer affinity; US 11,682,053 B2; 6/20/2023; CPC G06Q 30/0279; 3 claims; assigned to Edatanetworks Inc.

ABSTRACT: Merchants provide incentives for customer transactions on accounts issued to them by issuers. Incentives include a merchant making a donation to entities with whom the merchants and/or the consumers have an affinity such as residence in the community. Each merchant can define the donation to be percentage of the transaction amount. Cryptographically secure chains are provided for uniquely labeling each such transaction and each such donation by way of incorporating role-based digital wallets and multiple synchronized transactional blockchains. Where the donations are used to purchase an Internet-of-Things (IOT) enabled system, real and/or near-real time usage information can be received and transmitted to the logical addresses of the customers and or the merchants so as to confirm efficacy of the donations.

PATENT: System and method for displaying trading data; US 11,682,076 B2; 6/20/2023; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for presenting trading information. One example method includes displaying a plurality of effective trade indicators corresponding to price levels at which effective trades have been initiated, and displaying trading information corresponding to each effective trade. The effective trades can be determined based on user-configured trade definitions. The trading information can include a traded quantity and profit/loss corresponding to each effective trade. In addition to the trading information, current market information could be displayed as well in relation to the plurality of effective trades.

PATENT: Trading based on fill rate; US 11,682,078 B2; 6/20/2023; CPC G06Q 40/04; 20 claims; assigned to CFPH, LLC.

ABSTRACT: According to various embodiments, trades may be filled based at in part on order price and fill rates determined for providers of orders. In some embodiments, orders at a given price in an order book may be ordered in order of decreasing fill rate, such that orders associated with a higher fill rate (or higher probability of fill) are preferenced above orders associated with a lower fill rate. In some embodiments, order books may also be ordered based in part on response times from order providers. For example, orders in an order book may be ordered according to an algorithm that preferences higher fill rates and shorter response times ahead of orders with lower fill rates and longer response times. Order book ordering algorithms may also consider order quantity and interdependence and duplication of order quantity.

PATENT: System and method for node presentation of financial data with multimode graphical views; US 11,682,084 B1; 6/20/2023; CPC G06Q 40/12; 14 claims; assigned to Runway Financial, Inc.

ABSTRACT: A computer-implemented system and method for managing and visualizing financial transaction data is disclosed. Rows of financial data are managed as data objects with a reorganizable node tree hierarchy. A user interface visualization system supports an interactive user interface with a client device. In some implementations, a user may reorganize the node hierarchy, define dimension, communicate on a node-based basis, and assign directly responsible individuals to nodes.

PATENT: Operating smart sensors using distributed ledgers; US 11,682,086 B2; 6/20/2023; CPC G06Q 50/06; 20 claims; assigned to Itron, Inc.

ABSTRACT: A distributed ledger based utility system architecture may be configured to enable secure payments, data transmission, and meter configuration of smart sensors. The utility system architecture may be a tiered architecture including multiple nodes at different levels of the architecture where each level may contain a different portion of the distributed ledger. As information is added to the distributed ledger, each portion of the distributed ledger may be updated based on whether the information is relevant to that node. The information may include rate contract transactions, meter configuration data transactions, payment transactions, or the like.

PATENT: Management systems and methods for claim-based patent analysis; US 11,682,091 B2; 6/20/2023; CPC G06Q 50/184; 20 claims; assigned to ClearstoneIP, Inc.

ABSTRACT: Systems, methods, and graphical user interfaces for the management and coordination of patent infringement-related analyses, such as freedom-to-operate, patent clearance, and enforcement, are provided. Patent claim information is extracted and presented to users along with purpose-specific workflows that facilitate the capture and presentation of work product on both a claim-by-claim level as well as on a document level. Integrated data management facilitates access to historical work product by interconnecting the various record entities of the system including product information, patent document information, review information, and work product information.

June 13, 2023

Total CPC G06Q Subclass (business methods) patents issued:  159

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain compliance verification network; US 11,676,117 B2; 6/13/2023; CPC G06Q 20/102; 20 claims; assigned to IBM.

ABSTRACT: An example operation includes one or more of capturing message content from messages between a sender and receiver which comprise information about a transfer of value from the sender to the receiver, detecting information about a compliance check within the message content which indicates whether the transfer of value complies with jurisdictional regulations, and recording the message content including the detected information about the compliance check via a blockchain.

PATENT: Operating smart sensors using distributed ledgers; US 11,676,122 B2; 6/13/2023; CPC G06Q 20/145; 20 claims; assigned to Itron, Inc.

ABSTRACT: A distributed ledger based utility system architecture may be configured to enable secure payments, data transmission, and meter configuration of smart sensors. The utility system architecture may be a tiered architecture including multiple nodes at different levels of the architecture where each level may contain a different portion of the distributed ledger. As information is added to the distributed ledger, each portion of the distributed ledger may be updated based on whether the information is relevant to that node. The information may include rate contract transactions, meter configuration data transactions, payment transactions, or the like.

PATENT: Smart contracts in blockchain environments; US 11,676,132 B2; 6/13/2023; CPC G06Q 20/367; 17 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a blockchain. Because there may be many digital contracts offered as virtual services, the contract identifier uniquely identifies a particular decision table and/or the digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the decision table and/or the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Method and system for mobile cryptocurrency wallet connectivity; US 11,676,133 B2; 6/13/2023; CPC G06Q 20/3674; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: The method 10 for mobile cryptocurrency wallet connectivity can include facilitating a blockchain transaction S100 and establishing an initial connection between a mobile client and a web client S200. The system 20 for mobile cryptocurrency wallet connectivity can include a browser 110, one or more websites 120, a web client 130, a mobile application 140, and a backend server 150.

PATENT: Blockchain consensus protocol using predictive proof of metrics; US 11,676,135 B2; 6/13/2023; CPC G06Q 20/382; 20 claims; assigned to Ebay Inc.

ABSTRACT: Technologies are shown for selecting a provider to service a client service request using a predictive metrics based consensus protocol to select a provider and create a service request transaction block to service the client service request. A client service request is received and forwarded to a set of providers. Proposed transactions are received from the providers and scored based on a predictive metric. A proposal transaction is selected based on the scoring and the selected transaction is written as a block on a service transaction blockchain. The provider for the selected transaction detects the block on the blockchain and performs the requested service. The client detects the block on the blockchain and transfers payment to the provider. Selection can be based on predictive metrics in the providers or macro metrics determined in miner nodes in combination with provider reputation, currency, load sharing, fairness, provisioning, and static and dynamic criteria.

PATENT: Multi-network tokenization processing; US 11,676,138 B2; 6/13/2023; CPC G06Q 20/38215; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Systems, apparatuses, and methods are provided for enabling a transaction using a token associated with a first payment network to be conducted using a second payment network. When a transaction using a token is submitted to a payment network, the payment network can determine the payment network associated with the token. If the token is associated with a second payment network, a token verification request including the token can be sent to the second payment network. The second payment network can then return a token verification response including a primary account identifier such as a primary account number (PAN) corresponding to the token and a validation result. The transaction may then be processed using the primary account identifier.

PATENT: Blockchain adapter, protocol, and access layer; US 11,676,139 B2; 6/13/2023; CPC G06Q 20/3825; 12 claims; assigned to ArcBlock, Inc.

ABSTRACT: Techniques and systems described below relate to systems and methods to access and store blockchain data. In various examples, a client computer system submits a blockchain-agnostic request to a computing resource service provider and the service provider processes the request. The chain-agnostic request may be a request that is interoperable between multiple blockchain protocols, such that, for a given request, the request can be fulfilled using multiple underlying blockchain technologies. A computing resource service provider may receive and process chain-agnostic requests by decoding or otherwise interpreting the requests and routing the requests for fulfillment using one or more chain adapters that are accessible to the computing resource service provider. The service provider may determine metadata associated with the request and determining how to fulfill the request, which may include accessing computing resources of the computing resource service provider and/or the associated blockchain network.

PATENT: Block chain-based asset processing method, device, apparatus and storage medium; US 11,676,141 B2; 6/13/2023; CPC G06Q 20/3829; 16 claims; assigned to Baidu International Technology (Shenzhen) Co., Ltd.

ABSTRACT: The present application discloses a block chain-based asset processing method, device, apparatus and storage medium, and relates to the technical field of block chain. The method includes: starting a voting on whether a target account is an account to be retrieved, in response to an asset retrieval transaction request of the target account for the account to be retrieved; performing an identity authentication on the target account, according to the votes of one or more target participants participating in one or more historical transactions initiated by the account to be retrieved; and processing the assets of the account to be retrieved, according to a result of the identity authentication of the target account.

PATENT: Systems and methods for blockchain transaction management; US 11,676,143 B2; 6/13/2023; CPC G06Q 20/389; 16 claims; assigned to Coinbase, Inc.

ABSTRACT: Systems and methods for payment processing using cryptocurrency assets.

PATENT: Hierarchy-based blockchain; US 11,676,144 B2; 6/13/2023; CPC G06Q 20/40; 20 claims; assigned to Citibank, N.A.

ABSTRACT: A computer-implemented method comprising receiving a transaction request from a first node within the plurality of nodes, the transaction request corresponding to a pending transaction between the first node and a second node; identifying a blockchain associated with the pending transaction, the blockchain including a first block instance having a hierarchy file indicating a hierarchy among the first node, the second node, and the third node; identifying a second block instance having an executable file to approve the transaction request received from the first node; executing the executable file, wherein the executable file is configured to retrieve data from a data source associated with the third node and analyze data to approve or deny the transaction request; and appending a third block instance comprising the set of transaction attributes to the blockchain.

June 6, 2023

Total CPC G06Q Subclass (business methods) patents issued:  149

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based digital token utilization; US 11,669,811 B2; 6/6/2023; CPC G06Q 20/06; 17 claims; assigned to Bank of America Corporation.

ABSTRACT: Methods, systems, and apparatuses for blockchain-based digital token utilization are described herein. Data corresponding to digital tokens may be stored on a blockchain associated with a decentralized peer-to-peer (P2P) network. Smart contracts for collecting digital tokens in exchange for service provider tokens may be deployed to the blockchain. Smart contracts for distributing digital tokens based on credit tokens may be deployed to the blockchain. Through execution of the smart contracts, digital tokens may be utilized by users in various ways.

PATENT: Contingent payments for virtual currencies; US 11,669,812 B2; 6/6/2023; CPC G06Q 20/065; 20 claims.

ABSTRACT: Approaches are described for contingent transfers of value. A configuration record for an account associated with a virtual wallet is obtained. The configuration record is used to evaluate at least one virtual wallet of an owner account. Based on the configuration record, keys or other secret data and an authorization scheme can be determined and applied to virtual wallets that are part of a contingent contract. Thereafter, the virtual wallets can be utilized to exchange tangible and virtual digital currencies in various financial transactions, banking operations, and other asset exchanges and/or utilized for another purpose such as exchanging an irreversible transfer of value as in a virtual currency to a reversible transfer of value as in fiat currency or a financial instrument.

PATENT: Systems and methods for distributed-ledger based settlement; US 11,669,830 B2; 6/6/2023; CPC G06Q 20/367; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for distributed ledger-based settlement are disclosed. In one embodiment, a method may include: receiving settlement instructions from a first party providing a commodity and a second party providing cash; matching the settlement instructions; affirming the matched settlement instructions with the parties; a smart contact sending the affirmed settlement instructions to a commodity clearing bank; the smart contract receiving confirmation of a blockage of the commodity from the commodity clearing bank; the smart contact sending the affirmed settlement instructions to a cash clearing bank; the smart contract receiving confirmation of a blockage of the cash from the cash clearing bank; the smart contract executing the exchange of tokens for the commodity for tokens for the cash; and the smart contract writing the tokens for the cash to a wallet for the first party, and writing tokens for the commodity to a wallet for the second party.

PATENT: Blockchain-implemented method and system for access control on remote internet-enabled resources; US 11,669,832 B2; 6/6/2023; CPC G06Q 20/382; 20 claims; assigned to nChain Licensing AG.

ABSTRACT: The invention provides a blockchain-implemented control method and corresponding system(s). The invention may control access to an internet-enabled resource such as an IoT device that is provided with computing capabilities enabling it to communicate with other computer-based resources and interact with a distributed ledger. In one embodiment, the invention provides a method for controlling the use of an internet-enabled resource comprising providing a first blockchain transaction comprising at least one output which is redeemable only by provision of at least: i) a secret value selected by a user; and ii) a signature associated with a resource provider; sending use-related information to the resource; generating a second blockchain transaction requesting at least the secret value; and modifying the second blockchain transaction to include the secret value.

PATENT: Blockchain endpoint protection; US 11,669,833 B1; 6/6/2023; CPC G06Q 20/3825; 20 claims; assigned to 01 Communique Laboratory Inc.

ABSTRACT: Quantum security may be enhanced through the use of quantum-safe validators for transactions whereby the quantum-safe validators process quantum-safe addresses and signatures of parties to the transactions. Quantum safety may be added to conventional blockchain transactions, for example, via smart contracts which are executed using cryptographic interlocks to between conventional smart contract execution engines and quantum-safe validators to ensure both quantum-safe processing of addresses and signatures and legitimacy of quantum-safe validators in presenting transactions for incorporation on the chain.

PATENT: Computer-implemented systems and methods to enable complex functionality on a blockchain while preserving security-based restrictions on script size and opcode limits; US 11,669,836 B2; 6/6/2023; CPC G06Q 20/401; 18 claims; assigned to nChain Licensing AG.

ABSTRACT: The invention relates to blockchain technologies such as the Bitcoin blockchain. The invention uses a novel technique to decompose the functionality of a blockchain transaction script into several chunks or functional parts, and to use the output of a chunk as the input of the next chunk. Advantageously, this allows the blockchain to be used for ever complex tasks and computations while minimising script size, and also provides a novel architecture for the distributed execution of computational processes. The invention comprises a method of using a plurality of blockchain transactions to execute a computer implemented task, the method comprising the steps: using an unlocking script (ULS1) in a blockchain transaction (Tx2) to present at least one data item to a locking script (LS1) of another transaction (Tx1) so as to provide a result on a stack; generating a further unlocking script (ULS2) which comprises the result provided on the stack; presenting the further unlocking script (ULS2) to a further locking script (LS2) such that the result from the stack is provided as input to the further locking script.

PATENT: Systems and methods for blockchain based payment networks; US 11,669,841 B2; 6/6/2023; CPC G06Q 20/4016; 21 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: A payment network is operated with a blockchain-based ledger. In one embodiment, a request is prepared to complete a transaction from an account associated with a payer digital wallet for entry on a blockchain. The request includes an amount and a payee identifier associated with a payee digital wallet. The request is sent to the blockchain and approved. A balance of the payer digital wallet and a balance of the payee digital wallet are adjusted in response to approval of the request to complete the transaction by at least writing a portion of data associated with the transaction comprising the amount and the payee identifier to the blockchain. A reputation ledger associated with the account is recorded in the blockchain in association with the transaction. The reputation ledger includes at least one reputation score associated with at least one previous transaction conducted by the account.

PATENT: Digital banker application system; US 11,669,895 B1; 6/6/2023; CPC G06Q 40/02; 9 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computing system includes a network interface circuit and a processing circuit comprising one or more processors coupled to non-transitory memory storing instructions that when executed by the one or more processors, cause the processing circuit to generate a first code displayable for capture by a customer device associated with a customer, generate a second code confirming an identity of the customer, provide the second code to a mobile device, receive customer information and an indication of a capture of the first code from the customer device, in response to receiving the second code from the customer device within a predefined parameter of the receiving of the customer information and the indication of the capturing of the first code from the customer device, analyze the customer information, and in response to verifying the customer information based on the analysis, cause an activation on behalf of the customer.

PATENT: Differential privacy for axe obfuscation; US 11,669,903 B2; 6/6/2023; CPC G06Q 40/04; 17 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A method and a system for using differential privacy techniques to provide axe obfuscation with respect to information included in an inventory axe list of available securities is provided. The method includes: obtaining first information to be included in a first inventory axe list to be published on a particular day; retrieving second information included in a second inventory axe list that was published on the previous day and/or several previous days; obfuscating the obtained first information by applying an algorithm based on the difference between the first information and the second information; and publishing the first inventory axe list by transmitting the obfuscated first information to a plurality of intended recipients. The quality of obfuscation may be measured and controlled as a function of desired privacy level and potential cost.

PATENT: 24 hours global low latency computerized exchange system; US 11,669,904 B2; 6/6/2023; CPC G06Q 40/04; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT: The present technology relates to distributed computerized exchange systems for trading of financial instruments. In particular it relates to a passive matching engine and an active matching engine that cooperates in handling data messages such that less bandwidth is used and so that improvement in latency can be achieved.

May 30, 2023

Total CPC G06Q Subclass (business methods) patents issued:  159

Financial industry business method patents reviewed herein:   10

PATENT: Tracking unique in-game digital assets using tokens on a distributed ledger; US 11,663,551 B2; 5/30/2023; CPC G06Q 10/087; 20 claims; assigned to Sony Interactive Entertainment Inc.

ABSTRACT: A system and method for tracking digital assets associated with video games. The digital assets may be in-game digital assets, such as in-game items or characters. The digital assets may be video game digital media assets representing moments of gameplay of a video game, such as video clips or images. The digital asset is created, and a distributed ledger tracking a history of the digital asset is created and stored across devices. A unique token for the digital asset can include a unique identifier and metadata identifying properties of the digital asset. Changes to properties of the digital asset, such as ownership, visual appearance, or metadata, can be identified in a request to update the history. A new block can be generated for, and appended to, the distributed ledger identifying the changes to the history of the digital asset. The new block can include hashes of previous blocks.

PATENT: Creating and managing private electronic currency; US 11,663,564 B1; 5/30/2023; CPC G06Q 20/0658; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Methods and systems are disclosed for transactions with a private digital currency. The private e-currency may be backed by a financial institution, managed using a blockchain, and only available for transactions with members of a network associated with the financial institution. The members may include mobile wallets, merchants and ATM's. A mobile wallet may register with the network and receive an amount of the private e-currency from the financial institution. The mobile wallet may establish a connection with a payment recipient such as another wallet, an ATM or a merchant, and receive a payee address. The mobile wallet may send a transaction request to the blockchain for payment to the payee address of a payment amount of the private e-currency, so that the payment recipient can, using a blockchain, confirm or deny the transaction request.

PATENT: Token identity devices; US 11,663,585 B2; 5/30/2023; CPC G06Q 20/363; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Disclosed embodiments include methods, systems, and computer-readable media configured to provide wearable devices storing tokens associated with digital versions of physical documents/cards. The wearable devices may further transfer tokens securely to interested parties without Bluetooth® or other network connectivity beyond NFC radio. In some embodiments, a token vault operator system may receive a request to establish a token vault account for a user, authenticate an identity of the user based at least on the received request, and generating a token vault ID associated with the user. The token vault operator system may further configure access to data sets generated for and associated with the token vault ID, generate tokens associated with the token vault ID, each token corresponding to one of the one or more data sets, and provide the generated plurality of tokens associated with the token vault ID to at least one user device.

PATENT: Hierarchy-based blockchain; US 11,663,593 B2; 5/30/2023; CPC G06Q 20/40; 20 claims; assigned to Citibank, N.A.

ABSTRACT: A computer-implemented method comprising receiving a transaction request from a first node within the plurality of nodes, the transaction request corresponding to a pending transaction between the first node and a second node; identifying a distributed ledger associated with the pending transaction, the distributed ledger including a first record having a hierarchy file indicating a hierarchy among the first node, the second node, and the third node; identifying a second record having an executable file to approve the transaction request received from the first node; executing the executable file, wherein the executable file is configured to retrieve data from a data source associated with the third node and analyze data to approve or deny the transaction request; and appending a third record comprising the set of transaction attributes to the distributed ledger.

PATENT: Blockchain transactional identity verification; US 11,663,595 B1; 5/30/2023; CPC G06Q 20/401; 15 claims; assigned to HRB Innovations, Inc.

ABSTRACT: A computer-implemented method comprising receiving a transaction request from a first node within the plurality of nodes, the transaction request corresponding to a pending transaction between the first node and a second node; identifying a distributed ledger associated with the pending transaction, the distributed ledger including a first record having a hierarchy file indicating a hierarchy among the first node, the second node, and the third node; identifying a second record having an executable file to approve the transaction request received from the first node; executing the executable file, wherein the executable file is configured to retrieve data from a data source associated with the third node and analyze data to approve or deny the transaction request; and appending a third record comprising the set of transaction attributes to the distributed ledger.

PATENT: Method and apparatus to enforce smart contract execution hierarchy on blockchain; US 11,663,609 B2; 5/30/2023; CPC G06Q 30/018; 17 claims; assigned to IBM.

ABSTRACT: The present disclosure relates to the enforcement of a smart contract execution hierarchy on a blockchain. A method includes receiving a submission of a first smart contract to be appended to a blockchain, comparing a priority value of the first smart contract to a priority value of a second smart contract previously appended to the blockchain, determining based on the comparison that the first smart contract has a lower priority than the second smart contract, comparing the terms of the first smart contract to the terms of the second smart contract, determining at least one of an overlap and a conflict between the terms of the first smart contract and the terms of the second smart contract, resolving any terms of the first smart contract that are determined to overlap or conflict with the terms of the second smart contract, and appending the resolved first smart contract to the blockchain.

PATENT: Method and system for providing a service node within a blockchain; US 11,663,610 B2; 5/30/2023; CPC G06Q 30/018; 16 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method and system of providing a service node within a blockchain network. The method includes storing, in a memory of a processing server, a blockchain comprised of a plurality of blocks, wherein each block is comprised of at least a block header and one or more data values, wherein the one or more data values included in a most recent block includes at least one data point associated with services or functions of at least a first service node; receiving, by a receiving device of the processing server, a request from a second service node for the list of services or functions of the at least a first service node within the blockchain network; and validating, by the processing server, the request from the second service node for the list of services or functions of the at least a first service node within the blockchain network.

PATENT: Slicer order quantity reduction tool; US 11,663,665 B2; 5/30/2023; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The disclosed embodiments generally relate to a slicer order quantity reduction tool. An example method for reducing a quantity of a slicer order includes calculating a collective quantity associated with available ones of a plurality of child orders; comparing the collective quantity and a reduction amount received in connection with a quantity reduction request for the slicer order; and determining, when the comparison indicates that the available ones of the child orders have insufficient quantity to meet the reduction amount, whether inflight ones of the plurality of child orders collectively have sufficient quantity to make up a shortfall of the available ones of the child orders.

PATENT: Secure deterministic tokens for encrypting electronic communications; US 11,663,666 B2; 5/30/2023; CPC G06Q 40/04; 29 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A computer implemented method includes generating, by a processor associated with a first client computer, a request message; generating, by the processor, a first public token based on a first private token; augmenting, by the processor, the electronic data transaction request message with the first public token; transmitting, by the processor, the augmented electronic data transaction request message to a second client computer; generating, by the processor, a second public token based on the first public token; identifying, by the processor, from a database of result messages, a result message labeled with the second public token, the identified result message including encrypted confidential information; generating, by the processor, a second private token corresponding to the second public token used to identify the result message; and decrypting, by the processor, the encrypted confidential information with the second private token.

PATENT: User interface log validation via blockchain system and methods; US 11,663,672 B2; 5/30/2023; CPC G06Q 40/08; 22 claims; assigned to Nanthealth, Inc.

ABSTRACT: Disclosed are apparatus, systems, computer readable media, or methods wherein user interface user interactions may be electronically logged and stored based on various inputs and outputs of data from the user interface forming a digital chain of events and interactions (e.g., a blockchain). An interaction logging system is disclosed including a user tracking or logging engine configured to derive session data and user interface data storing the same into interaction tracking chains or blockchains. A validation blockchain may co-exist with a session blockchain that may be formed independently and include version data of user interface software acting as a secure verifiable history of the versions of the user interface. In a session block of the session blockchain, a pointer may be stored with the session data, wherein the pointer indicates a particular block on the validation blockchain that may assist in the validation of information stored in the session blockchain.

May 23, 2023

Total CPC G06Q Subclass (business methods) patents issued:  133

Financial industry business method patents reviewed herein:   10

PATENT: Transaction-enabled methods for providing provable access to a distributed ledger with a tokenized instruction set for a semiconductor fabrication process; US 11,657,339 B2; 5/23/2023; CPC G06Q 10/04; 20 claims; assigned to Strong Force TX Portfolio 2018l.

ABSTRACT: Transaction-enabled methods for providing provable access to a distributed ledger with a tokenized instruction set for semiconductor fabrication processes are described. A method may include accessing a distributed ledger including an instruction set for a semiconductor fabrication process and tokenizing the instruction set. The method may further include interpreting an instruction set access request and, in response to the access request, providing a provable access to the instruction set. The method may further include providing commands to a production tool of the semiconductor fabrication process in response to the instruction set access request, and recording the transaction on the distributed ledger.

PATENT: Transaction-enabled methods for providing provable access to a distributed ledger with a tokenized instruction set for a biological production process; US 11,657,340 B2; 5/23/2023; CPC G06Q 10/04; 17 claims; assigned to Strong Force TX Portfolio 2018l.

ABSTRACT: Transaction-enabled methods for providing provable access to a distributed ledger with a tokenized instruction set for biological production processes are described. A method may include accessing a distributed ledger comprising an instruction set for a biological production process and tokenizing the instruction set. The method may further include interpreting an instruction set access request and, in response to the access request, providing a provable access to the instruction set. The method may further include providing commands to a production tool of the biological production process in response to the instruction set access request and recording the transaction on the distributed ledger.

PATENT: Physical, logical separation of balances of funds; US 11,657,448 B2; 5/23/2023; CPC G06Q 40/02; 25 claims; assigned to Block, Inc.

ABSTRACT: In particular embodiments, a method includes providing a user interface of a payment service application that includes interactive icons corresponding to financial accounts associated with a user. The method includes determining suggested financial sub-accounts that relate to a financial account associated with the user and suggested balances of the suggested financial sub-accounts based on a transaction history of the user associated with the related financial account. The method includes presenting suggested financial sub-accounts in the user interface. The method includes receiving input that represents a request to establish the suggested financial sub-account. The method includes processing the request by associating the financial sub-account with the related financial account, associating a sub-account identifier with the financial sub-account, and causing a portion of the account balance of the related financial account to be allocated to the sub-account balance. The method includes presenting a new interactive icon corresponding to the financial sub-account.

PATENT: Systems and methods for preventing unnecessary payments; US 11,657,449 B2; 5/23/2023; CPC G06Q 40/02; 19 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system may include processor(s), a memory in communication with the processor(s), and storing instructions, that when executed by the processor(s), are configured to cause the system to prevent unnecessary payments. The system may receive a signal indicative of an event in which a user device associated with a user enters a geofenced area associated with a merchant. The system may identify a merchant category code (MCC) associated with the merchant, and determine whether benefit(s) related to the MCC are associated with account(s) of the user. The system may receive an attempted purchase associated with the merchant, and may determine whether the attempted purchase relates to the benefit(s). The system may automatically block the attempted purchase related to the benefit(s) and associated with the user, and may transmit a message to the user via the user device, the message providing the benefit(s).

PATENT: User interface for interfacing with human users; US 11,657,450 B1; 5/23/2023; CPC G06Q 40/02; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to systems and methods for interfacing a computing system to a human user. For example, a computing system may provide a graphical user interface at a display of a user computing device. The user interface may include a positive financial profile indicator at a first position on the display; a negative financial profile indicator at a second position on the display opposite the positive financial profile indicator; and a user financial profile indicator describing a user, the user financial profile indicator positioned between the positive financial profile indicator and the negative financial profile indicator. The computing system may receive user transaction data describing a financial transaction. The computing system may determine that the financial transaction worsens a financial profile of the user. The computing system may also modify the user interface to orient the user financial profile indicator towards the negative financial profile indicator.

PATENT: Anonymous trading system; US 11,657,453 B2; 5/23/2023; CPC G06Q 40/04; 25 claims; assigned to NEX Services North America LLC.

ABSTRACT: A computerized system associates each arbitrator computer of a plurality of arbitrator computers with a different one of a plurality of credit manager computers, wherein each associated arbitrator computer of the plurality of arbitrator computers is located geographically more proximate to an associated trader workstation of a plurality of trader workstations than others of the plurality of arbitrator computers, and locates the different one of the plurality of credit manager computers in a same location as the associated arbitrator computer so as to provide low network latency between a time an electronic trade order is transmitted from the associated trader workstation and received by the associated arbitrator computer and a time that a match is made by the associated arbitrator computer.

PATENT: System and method for constructing optimized ESG investment portfolios; US 11,657,454 B2; 5/23/2023; CPC G06Q 40/06; 14 claims; assigned to Panagora Asset Management, Inc.

ABSTRACT: A system for constructing an environmental, social and governance (ESG) optimized investment portfolio includes an ESG database, an alpha database, a user interface, and an ESG optimization engine. The ESG database includes ESG data for one or more investment products used to construct an investment portfolio. The alpha database includes alpha data for the one or more investment products used to construct the investment portfolio and the alpha data comprise rate of return data for the one or more investment products. The user interface is used for receiving a user's input for selecting an ESG optimization factor. The ESG optimization engine includes an ESG optimization application that receives alpha data for the one or more investment products of the investment portfolio, ESG data for the one or more investment products of the investment portfolio and the user's ESG optimization factor and calculates a combined alpha-ESG rate of return for the investment portfolio, a combined alpha-ESG factor for the investment portfolio and a covariance between the combined alpha-ESG factor and the combined alpha-ESG rate of return for the investment portfolio.

PATENT: Systems and methods for allocating resources using information technology infrastructure; US 11,657,456 B2; 5/23/2023; CPC G06Q 40/06; 20 claims; assigned to Alegeus Technologies, LLC.

ABSTRACT: Provided is a system to allocate resources using an information technology infrastructure. The system receives financial and health data of a participant. The system identifies a healthcare expense prediction model to predict the future healthcare expenses of the participant. The system determines from the prediction model using the multi-dimensional feature vector of the participant, the predicted lifetime healthcare expenses of the participant. The system identifies lifetime non-healthcare expenses of the participant. The system identifies a healthcare tax benefit account to provide funds towards the predicted lifetime healthcare expenses and a non-healthcare tax benefit account to provide funds towards lifetime non-healthcare expenses. The system determines a first amount of funds to allocate to the healthcare tax benefit account and a second amount of funds to allocate to the non-healthcare tax benefit account. The system provides the first and second amount of funds to an interactive user interface.

PATENT: Using historical data for subrogation on a distributed ledger; US 11,657,460 B2; 5/23/2023; CPC G06Q 40/08; 20 claims; assigned to State Farm Mutua Automobile Insurance Company.

ABSTRACT: Systems and methods are disclosed with respect to using a blockchain for managing the subrogation claim process related to a vehicle accident, in particular, utilizing historical data related to a vehicle or vehicle collisions as part of the subrogation process. An exemplary embodiment may include receiving historical sensor data, such as image, audio, telematics, and/or autonomous vehicle data, associated with a past vehicle collision; inputting the historical sensor data into a machine learning program to determine data relevant to a past vehicle collision; receiving current sensor data associated with a current vehicle collision; inputting the current sensor data into the machine learning program to determine data relevant to the current vehicle collision; and determining a percentage of fault of the vehicle collision for one or more autonomous vehicles, autonomous vehicle systems, and/or drivers based upon, at least in part, analysis of the historical sensor data and the current sensor data.

PATENT: Utilizing machine learning to prevent intellectual property issues for content during different stages of a project lifecycle; US 11,657,466 B2; 5/23/2023; CPC G06Q 50/184; 20 claims; assigned to Accenture Global Solutions Limited.

ABSTRACT: A device may receive content data identifying content created by users and metadata associated with the content. The device may receive rules data identifying rules associated with utilization of the content. The device may utilize the metadata to generate digital DNA signatures for the content in near-real time. The device may store, in a repository, the rules data, the content, the digital DNA signatures, and relationships between the digital DNA signatures. The device may receive, from a client device, new content that is generated based on particular content of the content data and new metadata associated with the new content. The device may utilize the new metadata to generate a new digital DNA signature for the new content. The device may process the new digital DNA signature, the rules data, and the digital DNA signatures to determine whether the new content violates one or more rules of the rules data.

May 16, 2023

Total CPC G06Q Subclass (business methods) patents issued:  170

Financial industry business method patents reviewed herein:   10

PATENT: Methods and devices for controlling a mining pool for multiple blockchain networks; US 11,651,335 B2; 5/16/2023; CPC G06Q 20/065; 20 claims; assigned to nChain Licensing AG.

ABSTRACT: Methods and systems to control mining pools configured to mine more than one blockchain network. A pool controller may automatically select a candidate block generated for one of the blockchain networks for mining by the mining units. The selection may be based on determining an expectation value associated with each current candidate block generated for the respective blockchain networks and which of them is the highest. The expectation value may be based, at least in part, on a current coinbase value and a current difficulty setting for that blockchain network. The pool control may perform the selection with the generation of each new candidate block for any of the blockchain networks.

PATENT: Secure funding and payout of cryptographic currency from fiat currency purchases; US 11,651,355 B2; 5/16/2023; CPC G06Q 20/3678; 15 claims; assigned to IGT Global Solutions Corporation.

ABSTRACT: Systems and methods for enabling the secure use of cryptocurrencies (such as but not limited to Bitcoin, Ethereum, or Litecoin) in prize funds or gift cards that accept purchases or wagers in fiat currencies and payout in cryptocurrency. The prize funds can be associated with lotteries, charitable gaming, or casino environments with the inherent volatility of cryptocurrencies optionally mitigated and cryptocurrency payouts enabled for consumers or players without prior digital wallets as well as consumers or players with preexisting digital wallets.

PATENT: Triggering actions responsive to blockchain transactions; US 11,651,360 B2; 5/16/2023; CPC G06Q 20/3829; 11 claims; assigned to Kyndryl, Inc.

ABSTRACT: A blockchain may store transactions for various purposes which may be later accessed by interested parties for ledger verification. One example method of operation may comprise one or more of receiving a blockchain transaction, identifying a proof-of-work is generated for the blockchain transaction via a network entity, transmitting the proof-of-work and a select portion of ledger data to a registered third party via an encrypted message based on a third party key, validating the proof-of-work via the third party, and providing a reward to the network entity.

PATENT: Blockchain architecture, system, method and device for automated cybersecurity and data privacy law compliance with proprietary off-chain storage mechanism; US 11,651,365 B2; 5/16/2023; CPC G06Q 20/389; 37 claims; assigned to Atrium Separate IP Holdings Number 4.

ABSTRACT: A transaction platform including at least one or more public, public-private and/or private distributed ledgers or blockchains that together enable the secure effectuation and recordation of one or more transactions while maintaining transaction party confidentiality. The private distributed ledgers or blockchains are able to store, maintain and provide information about the parties related to the transactions which the distributed blockchains or databases are able to utilize in order to securely and quickly validate, execute and record the transactions in a manner that is GDPR and other data privacy law complaint.

PATENT: Systems and methods for creating and distributing blockchain-backed redistributable electronic content components; US 11,651,366 B2; 5/16/2023; CPC G06Q 20/389; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Methods and systems are presented for creating and distributing blockchain-backed redistributable electronic content components. These techniques provider greater computer security and authentication controls, in various embodiments. An electronic content component associated with a first entity and a first set of actions is created. The electronic content component is published, and the first set of actions and a block representing the electronic content component are added to a blockchain. A second entity requests use of the electronic content component and a distribution agreement between the first and second entities associated with a second set of actions is created. The second set of actions and a block representing the distribution agreement are added to a blockchain. The electronic content component and distribution agreement are validated based on the blockchain, and custom content including the electronic content component is published. When an end-user accesses the electronic content component, the first and second sets of actions are executed.

PATENT: Pre-hedge rules and tools for creating pre-hedge rules; US 11,651,427 B2; 5/16/2023; CPC G06Q 40/04; 7 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: The disclosed embodiments provide pre-hedge rules and tools for creating pre-hedge rules. An example method includes receiving an indication that a first leg of a spread trade is at least partially filled; and in response to the indication and before an order associated with a second leg of the spread trade is placed, determining whether a condition defined in a rule is satisfied and, when the condition is satisfied, performing an action defined in the rule.

PATENT: Private currency and trade engine; US 11,651,430 B2; 5/16/2023; CPC G06Q 40/04; 20 claims; assigned to OMNY, Inc.

ABSTRACT: A method may include storing information in a supply mesh. The supply mesh may include two or more value links. The method may include determining that a first value link of the two or more value links fulfills a value link condition of a second value link. The method may include providing a transaction proposal to the first value link. The transaction proposal may include an amount of private currency. The method may include receiving, from the first value link, a transaction acceptance to the transaction proposal. The method may include transferring the amount of private currency from the second value link to the first value link. The method may include confirming completion of a transaction between the first value link and the second value link. The transaction may be based on the transaction proposal. Other methods and systems are also disclosed.

PATENT: Systems and methods for using secondary market for primary creation and redemption activity in securities; US 11,651,431 B2; 5/16/2023; CPC G06Q 40/04; 14 claims; assigned to NYSE Group, Inc.

ABSTRACT: Systems and methods for transforming an electronic portfolio. A system includes an electronic crossing platform that receives data defining trade orders of the electronic portfolio during an initial time period; compares portions of the data to determine an imbalance of the trade orders remaining after the initial time period and receives, during a final time period, a final trade order from a fund agent device to offset the remaining imbalance. The platform receives, after the final time period, a benchmark value of the electronic portfolio from a fund device; compares the final trade order with the remaining imbalance to determine an adjustment value; converts the benchmark value to a final value by applying the adjustment value to the benchmark value; and transforms the electronic portfolio into the transformed portfolio by creating paired buy and sell orders among the trade orders received during the initial time period at the final value.

PATENT: Blockchain instrument for transferable equity; US 11,651,432 B1; 5/16/2023; CPC G06Q 40/04; 20 claims; assigned to Equity Shift, Inc.

ABSTRACT: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

PATENT: System and method for enhanced electronic networked settlement processor; US 11,651,433 B2; 5/16/2023; CPC G06Q 40/04; 6 claims; assigned to NYSE Chicago, Inc.

ABSTRACT: A system and method are provided for settlement and delivery of cash settled futures contracts overlying open-ended mutual fund shares with optional delivery of mutual fund shares when physical settlement is elected. On the last date of the contract, a party which has an open position in the contract tenders the clearing organization a request to elect optional physical settlement of a specified number of shares of the mutual fund in additional to the standard cash settlement of those contracts. The clearing organization, upon acceptance and when it is certain of the requestor's final position in the futures contract, it processes the election request against the requestor's final position and possibly submits an order on behalf of the requestor to the investment company which manages the mutual fund to purchase or redeem shares of the open-ended mutual fund in a quantity roughly the size of the requestor's final contract position.

May 9, 2023

Total CPC G06Q Subclass (business methods) patents issued:  134

Financial industry business method patents reviewed herein:   10

PATENT: Contextual IoT with blockchain; US 11,645,605 B2; 5/9/2023; CPC G06Q 10/0832; 19 claims; assigned to SAP SE.

ABSTRACT: Provided is a system and method for writing IoT data of an object in transit and business context associated with the IoT data and/or the object to a blockchain. In one example, the method may include receiving sensor data of an object that is in a multi-party transactional process, identifying dynamic context of the object based on a current position of the object within the multi-party transactional process, generating a data block comprising the received sensor data of the object and the identified dynamic context of the object, and storing the data block within a blockchain on an immutable distributed ledger.

PATENT: System and method for a decentralized portable information container supporting privacy protected digital information credentialing, remote administration, local validation, access control and remote instruction signaling utilizing blockchain distributed ledger and container wallet technologies; US 11,645,632 B2; 5/9/2023; CPC G06Q 20/065; 11 claims.

ABSTRACT EXCERPT: A mechanism for verifying digital information provenance and attestation using blockchain distributed ledger technology which reveals unauthorized tampering with credentialed information. Content modifications are detectable leveraging only local edge validation supported by the normative Bitcoin Core cryptographic libraries or equivalent blockchain implementations. The invention prevents unauthorized access, unregulated copy distribution, and orphaned ownership lacking issuer provenance and attestation.

PATENT: Electronic funds transfers based on automatic cryptocurrency transactions; US 11,645,633 B2; 5/9/2023; CPC G06Q 20/065; 20 claims; assigned to Capital One Services.

ABSTRACT: A device may obtain digital signature information relating to a quantity of a type of cryptocurrency, and receive transaction data relating to a credit account, associated with a user, after obtaining the digital signature information. The transaction data may include information identifying a transaction amount. The device may determine, after receiving the transaction data, an amount, of the type of cryptocurrency, that satisfies the transaction amount, perform, using the digital signature information, an action to conduct a sale of a portion of the quantity of the type of cryptocurrency based on determining the amount, and cause proceeds from the sale to be transferred to the credit account as payment for the transaction amount.

PATENT: Method and system for performing a financial transaction using a user interface; US 11,645,635 B2; 5/9/2023; CPC G06Q 20/108; 23 claims; assigned to Capital One Services.

ABSTRACT: A system and method for performing a financial transaction by determining a master account number associated with one or more accounts that a user may access, providing data to generate a user interface displaying a list of the accounts and an indicator associated with a financial transaction, receiving indicator information associating the indicator with one or more of the accounts, receiving terms for the financial transaction, and performing the financial transaction. The list of accounts may be expanded to view account information.

PATENT: Blockchain-based supply chain payment network; US 11,645,634 B2; 5/9/2023; CPC G06Q 20/381; 30 claims; assigned to TruDove Inc.

ABSTRACT: Systems and methods are provided for minting payment tokens to conduct transactions within a blockchain-based supply chain payment network. The payment tokens can be pegged to fiat currency or digital currency. The payment tokens can be minted by a computing system that is a node in the blockchain-based supply chain payment network. A number of payment tokens to be provided to a network participant as payment can be determined. The network participant can be a supplier associated with the blockchain-based supply chain payment network. The number of payment tokens can be provided for deposit in a digital wallet associated with the network participant as payment. The cryptocurrency tokens can be redeemed as fiat or digital currency.

PATENT: Systems and methods for blockchain-based transaction break prevention; US 11,645,650 B1; 5/9/2023; CPC G06Q 20/3827; 18 claims; assigned to Citibank, N.A.

ABSTRACT: A computer-implemented method comprising receiving a transaction request from a first computing device, the transaction request corresponding to a pending transaction between the first computing device and a second computing device and comprising a first set of transaction attributes; appending block instances to blockchains of the first and second computing devices, retrieving or receiving, from the second computing device, a second set of transaction attributes; when the first set of transaction attributes match, identifying a second blockchain associated with the pending transaction; automatically executing a protocol to compare the first set of transaction attributes with data stored onto a ledger of the identified second blockchain; and, in response to determining that the first set of transaction attributes complies with data of the ledger of the identified second blockchain, appending block instance to the blockchain comprising data corresponding to the transaction request to blockchains of the first and second computing devices.

PATENT: Method, system, and computer program product for determining solvency of a digital asset exchange; US 11,645,658 B2; 5/9/2023; CPC G06Q 20/403; 14 claims; assigned to Visa International Service Association.

ABSTRACT: Disclosed is a system, method, and computer program product for determining solvency of a digital asset exchange system. The method includes identifying a plurality of blockchain addresses corresponding to a plurality of users of the digital asset exchange system, generating a first commitment to an amount of digital assets corresponding to the plurality of blockchain addresses, generating a second commitment to a balance of each user of the plurality of users, generating a first component of a zero-knowledge algorithm configured to receive, as input, the first commitment, and to output a value generated based on each public key, generating a second component of the zero-knowledge algorithm configured to receive, as input, the second commitment, and to output a value generated based on each user balance, and determining, with at least one processor, that the digital asset exchange system is solvent based on the zero-knowledge algorithm.

PATENT: Multi-axis blockchain clearance of offers; US 11,645,670 B2; 5/9/2023; CPC G06Q 30/0238; 20 claims; assigned to Quotient Technology Inc.

ABSTRACT: In an embodiment, a computer-implemented method providing improvements in clearance of offers, comprising receiving payout transaction metadata from a first computing device controlled by a first entity, the payout transaction metadata relating to a point of sale transaction using a coupon associated with a coupon campaign; in response to approving the coupon for payout, posting a payout transaction to be written on two independent payout blockchains including a first payout blockchain associated with the first entity and a second payout blockchain associated with the coupon campaign, the payout transaction including at least a portion of the payout transaction metadata; receiving payout transaction metadata from a second computing device controlled by a second entity associated with the coupon campaign, the payout transaction metadata relating to a payout event that corresponds with a payout transaction written on the second payout blockchain.

PATENT: System and method for implementing a trust discretionary distribution tool; US 11,645,716 B2; 5/9/2023; CPC G06Q 40/06; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: An embodiment of the present invention is directed to automated trust discretionary distribution decisions. The innovative system comprises a computer server configured to perform the steps of: receiving, via an electronic input, a trust beneficiary cash distribution request relating to a trust instrument; responsive to the trust beneficiary request, obtaining trust details relating to the trust instrument; applying, via a computer server, a trust decision predictor to the distribution request to generate a trust decision wherein the trust decision predictor considers a set of decision factors comprising the trust beneficiary cash distribution request, beneficiary details, trust details and applicability of governing restrictions; presenting, via an electronic interface, the trust decision; automatically executing the trust decision; and applying feedback data to refine and standardize the trust decision predictor.

PATENT: Systems and methods for computing systematic risk factor exposures of investment funds; US 11,645,717 B2; 5/9/2023; CPC G06Q 40/06; 16 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Embodiments disclosed herein provide for systems and methods of calculating the coefficients and creating a linear multivariate model of price returns for a given target portfolio by using the factor characteristic data of the fund's constituents at a particular point in time. The systems and methods provide for creating quantile matrices based on the target portfolio and a plurality of synthetic factor portfolios, and computing weights on each synthetic factor portfolio such that the sum of squared differences between each cell in the profile matrix of the fund and the factor portfolios is minimized.

May 2, 2023

Total CPC G06Q Subclass (business methods) patents issued: 80

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for relationship mapping; US 11,640,565 B1; 5/2/2023; CPC G06Q 10/0631; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems and method for relationship mapping may include server(s) for providing base layer data objects to a computing device including entity and relationship base layer data objects. The server(s) may receive conditional rules from a first and second computing device which define contextual relationships between two entity base layer data objects. The server(s) may determine that a first entity base layer data object and a second entity base layer data object satisfy the first and second contextual relationship by applying a first and second conditional rules received from the computing devices to attributes corresponding to first and second entity base layer data objects. The server(s) may store a first and second association between the first and second entity base layer data object in accordance with the first and second contextual relationships.

PATENT: Systems and methods for facilitating a transaction using augmented reality; US 11,640,591 B2; 5/2/2023; CPC G06Q 20/10; 29 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system includes one or more memory devices storing instructions, and one or more processors configured to execute the instructions to perform steps of a method. The system may provide an augmented environment that facilitates a transaction. The system may store profile data including user payment or user profile information. The system may then receive environmental data, and identify one or more action items in the environmental data. In response to this identification, the system may augment the environmental data by adding virtual environmental data, and then provide this virtual environmental data to a device to create an augmented environment. The system can then receive user input data, and provide purchase request data to a merchant terminal in response to those inputs.

PATENT: Hybrid tokenization for push payments; US 11,640,598 B2; 5/2/2023; CPC G06Q 20/3226; 17 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method of performing a funds transfer includes receiving a request for a cryptogram and generating an authentication code. The authentication code is divided into a first code portion and a second code portion. The first code portion is transmitted to a user device. The second code portion is transmitted to a transaction originator. A request for transaction data is received, including both code portions. The authentication code is verified based on the two code portions. A cryptogram is generated and transmitted to the transaction originator.

PATENT: Smart card dependent transfer technology; US 11,640,599 B2; 5/2/2023; CPC G06Q 20/341; 18 claims; assigned to Bank of America Corporation.

ABSTRACT: Apparatus and methods are provided for a smart card which enables users to securely complete online transfers without entering sensitive transaction information into a third-party system. The smart card may include a touch-sensitive screen configured to display selectable transfer options. The smart card may include a microprocessor and wireless interface. The wireless interface may provide wireless communication capabilities and the ability to initiate online transfers based on information captured by the touch-sensitive screen. The smart card may be a parent smart card associated with a parent account. The parent account may be linked to a dependent account. The parent smart card may receive a communication related to the dependent account. Selectable transfer options displayed on the touch-sensitive screen may enable a transfer from the parent account to the dependent account.

PATENT: Method and system for regulation of blockchain transactions; US 11,640,601 B2; 5/2/2023; CPC G06Q 20/3674; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for assisting wallet providers in regulatory compliance for blockchain transactions includes: receiving, by a receiver of a processing server, a new blockchain transaction from a first computing device, the new blockchain including at least a destination address associated with a blockchain wallet as a recipient for the new blockchain transaction; generating, by a processor of the processing server, a reference identifier for the new blockchain transaction; identifying, by the processor of the processing server, a profile for the blockchain wallet based on the destination address; transmitting, by a transmitter of the processing server, the reference identifier to the first computing device; and transmitting, by the transmitter of the processing server, a notification message to a second computing device, the notification message including at least the reference identifier and data associated with the blockchain wallet.

PATENT: System and method for crypto token linked assets; US 11,640,603 B1; 5/2/2023; CPC G06Q 20/38215; 32 claims.

ABSTRACT: A system for crypto token linked assets in at least one of a game, a fantasy sport, and a wagering opportunity, the system including a token server storing at least one transaction of at least one licensor crypto token over a network, the token server being programmed to create proof of ownership for at least one of a unique digital asset and a unique physical asset of at least one licensor, analyze the at least one transaction, and associate the at least one licensor to the at least one licensor crypto token, at least one licensor apparatus being programmed to generate and distribute the at least one licensor crypto token, and send the at least one licensor crypto token to the token server, and at least one licensee apparatus being programmed to request use of the at least one licensor crypto token on the token server, and obtain a license to use the at least one licensor crypto token in response to completing the at least one transaction.

PATENT: Automated blockchain address creation and transfers by uniform resource locator generation and execution; US 11,640,604 B2; 5/2/2023; CPC G06Q 20/3825; 15 claims; assigned to Waly Cash, Inc.

ABSTRACT: A method for performing a transfer using a blockchain network and a uniform resource locator (URL) includes receiving, by computer program code which is stored on the blockchain network, an address on the blockchain network and tokens or value associated therewith the address for writing a blockchain transaction. The URL is associated with the address and includes key parameters thereof. The computer program code receives, as an automated result of execution of the URL, a cryptographically signed transaction having the key parameters of the address and key parameters of a new address that were generated by the execution of the URL. The computer program code transfers, based on the blockchain network reaching consensus on the transaction, at least part of the tokens or value from the address to the new address as a further automated result of the execution of the URL.

PATENT: Network based features for financial crime detection; US 11,640,609 B1; 5/2/2023; CPC G06Q 20/4016; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Disclosed is an example approach in which network and non-network features are used to train a predictive machine learning model that is implemented to predict financial crime and fraud. Graphical network features may be generated by applying financial entity risk vectors to a network model with representations of various types of networks. The network model may comprise transactional, non-social, and/or social networks, with edges corresponding to linkages that may be weighted according to various characteristics (such as frequency, amount, type, recency, etc.). The graphical network features may be fed to the predictive model to generate a likelihood and/or prediction with respect to a financial crime. A perceptible alert is generated on one or more computing devices if a financial crime is predicted or deemed sufficiently likely. The alert may identify a subset of the set of financial entities involved in the financial crime and present graphical representations of networks and linkages.

PATENT: System, method, and computer program product for generating synthetic data; US 11,640,610 B2; 5/2/2023; CPC G06Q 20/4016; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Provided are a system, method, and computer program product for generating synthetic data. The method includes receiving a plurality of data types associated with an environment to be evaluated and receiving a plurality of correlations of one data type to another data type. The method also includes generating a correlation graph of the plurality of data types based on the plurality of correlations and generating a directed acyclic graph of the plurality of data types based on the correlation graph. The method further includes generating a hierarchical graph of the plurality of data types by applying a path traversal technique to the directed acyclic graph and generating a synthetic dataset by repeatedly traversing the hierarchical graph to generate a plurality of records of data.

PATENT: System and method for displaying trade information for electronic trading exchange; US 11,640,638 B2; 5/2/2023; CPC G06Q 40/04; 7 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: An application is disclosed that receives from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, may determine whether the executed trade belongs in an aggregated set with one or more other executed trades. The application provides an indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.

April 25, 2023

Total CPC G06Q Subclass (business methods) patents issued:  164

Financial industry business method patents reviewed herein:   10

PATENT: Decentralized ledger supply chain planning interchange; US 11,636,425 B2; 4/25/2023; CPC G06Q 10/087; 12 claims.

ABSTRACT: A data structure for a decentralized ledger interchange object includes: a first data field containing an identifier for an item; a set of second data fields linked to the first data field, each second field containing one of a set of time periods; a set of third data fields, each third data field linked to a corresponding second data field, each third data fields containing a requested quantity of the item for a corresponding time period; and a set of fourth data fields, each fourth data field linked to the corresponding second data field, each fourth data field containing a committed quantity of the item for the corresponding time period. The decentralized ledger interchange object can used in a computer system, a computerized method for time-based manufacturing, a computerized method for time-based pricing and other systems, devices and methods.

PATENT: Tracking and authentication of inventory via distributed ledgers and NFC tags; US 11,636,426 B2; 4/25/2023; CPC G06Q 10/087; 20 claims; assigned to Digiprint IP LLC.

ABSTRACT: Copies of a distributed ledger with multiple blocks are stored on multiple computing devices. A first computing device coming into proximity with a particular object triggers generation of a new block to the distributed ledger, the new block identifying changes to an inventory of objects of the object type and including a hash of a previous block of the distributed ledger. The new block is optionally verified before it is appended onto the distributed ledger and transmitted out to each of the multiple computing devices so that each copy of the distributed ledger includes the new block.

PATENT: Blockchain system to which proof-of-transaction consensus algorithm is applied, and method therefor; US 11,636,450 B2; 4/25/2023; CPC G06Q 20/085; 16 claims; assigned to

Blockchain Labs Inc.

ABSTRACT: A blockchain system is disclosed. A blockchain system according to one embodiment includes a plurality of nodes for communicating with each other through a distribution network and communicating with a blockchain client device outside the blockchain system, wherein each of the plurality of nodes can be configured to process transactions occurring in the blockchain system, collect vote items included in the transactions and including an account address corresponding to any one of the plurality of nodes, and elect, as a block generator, at least one of the plurality of nodes on the basis of the collected vote items. Other various embodiments identified through the specification are possible.

PATENT: Offline coin protocol; US 11,636,466 B2; 4/25/2023; CPC G06Q 20/3674; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: Systems, methods, apparatus, computer program code and means are provided to operate a first device to receive a coin having value from a second device while offline.

PATENT: Encapsulation of payment accounts with nested tokens; US 11,636,468 B1; 4/25/2023; CPC G06Q 20/38215; 18 claims; assigned to Block, Inc.

ABSTRACT: A method for encapsulating transaction instrument information in a transaction includes storing, in association with a first transaction and by a processor of the primary transaction processor server, payment data associated with a payment instrument used to settle a cost of a first transaction. The primary transaction processor server transmits the transaction data to a payment network processor. The primary transaction processor server receives an authorization package from the payment network processor that includes a cryptograph and a first network token. The processor of the primary transaction processor server generates a secondary token, and stores a correlation record to a computer-readable memory. The correlation record associates the secondary token to a second object stored by the primary transaction processor. The processor of the primary transaction processor server transmits a second transaction package including at least one of the network token and the secondary token to a merchant device.

PATENT: Data access management with non-fungible tokens; US 11,636,469 B2; 4/25/2023; CPC G06Q 20/3823; 11 claims; assigned to DIA Association.

ABSTRACT: The present disclosure relates to data access management and the relates data access management system, user devices for data users and data sources, as well as to the corresponding methods. In some embodiments, a non-fungible token (NFT) registry is provided as a part of the data access management system, storing on a blockchain: source NFTs, each source NFT (sNFT) being uniquely associated with a data source; and data NFTs, each data NFT (dNFT) being attributed to one sNFT and granting access to the associated data source. The data sources may mint or request minting of the sNFT and the data users may mint dNFTs.

PATENT: Data usage method, system, and program thereof employing blockchain network (BCN); US 11,636,477 B2; 4/25/2023; CPC G06Q 20/401; 16 claims.

ABSTRACT: The purpose of the present invention is to provide a new data utilization system in which, while an individual independently uses and utilizes one's own personal data, security and anonymity of the data can be effected. An information processing device used by an individual comprises: a function of transmitting, over a network, data relating to an address on a blockchain network used by the individual to a provider-side information processing device comprising a storage device that is a provision source of data associated with information about the individual; a function of referring to access data (ACT) that includes the data relating to the blockchain network address and data for identifying the provision source of the data and that is issued by the provision-side information processing device for the blockchain network address; and a function of, on the basis of the access data (ACT), acquiring the data associated with the information about the individual from the provider-side storage device and storing said data at least in a storage device or a memory of said individual.

PATENT: Blockchain-based digital advertising and marketing system and method; US 11,636,520 B2; 4/25/2023; CPC G06Q 30/0273; 1 claim.

ABSTRACT: A blockchain-based digital advertising and marketing platform for Casinos, Lottery, and iGaming Operators which generally includes a private blockchain upon which both a supply-side platform and a demand-side platform along with a dynamic content generator software to operate using artificial intelligence and machine learning, business intelligence software and search engine technology, to provide an advertising rules service, gamified product offers, coupons and mailers utilizing augmented reality or virtual reality, an interactive game wall, connected to hardware and software interfaces of casino and lottery operators.

PATENT: Distribution of market data based on price level transitions; US 11,636,543 B2; 4/25/2023; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A system and method for distributing market data in response to price level transitions is disclosed. The system and method provide a mechanism for detecting when a price level transition has occurred. Detection of a price level transition results in the distribution of market data and may include displaying the results.

PATENT: Systems and methods for using tokenized icons to provide insurance policy quotes; US 11,636,547 B1; 4/25/2023; CPC G06Q 40/08; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: An insurance server for using a tokenized icon to provide an insurance quote or submit an insurance claim may include a processor programmed to receive an image from a user application, and data associated with the image, wherein at least a portion of the obtained data is associated as metadata with the tokenized icon. The processor may instruct the user application to use an icon associated with the tokenized icon as a first graphical object, and to modify, in response to an association of the first graphical object with a second graphical object in the user application, the metadata of the tokenized icon based upon data associated with the second graphical object. The processor may transmit the virtual quote or proposed insurance claim to the user application, the virtual quote or proposed insurance claim being based upon the modified metadata. As a result, the online customer experience may be enhanced.

April 18, 2023

Total CPC G06Q Subclass (business methods) patents issued: 117

Financial industry business method patents reviewed herein:   10

PATENT: Method for creating and maintaining a distributed ledger of vehicle gas consumption and wear and tear information; US 11,631,061 B2; 4/18/2023; CPC G06Q 10/20; 14 claims; assigned to BlueOwl, LLC.

ABSTRACT: A distributed ledger operated by a group of network participants according to a set of consensus rules stores vehicle condition data and generated vehicle condition reports, The vehicle condition data may be received directly from a vehicle or an associated mobile device and the vehicle condition report may be accessed by an authorized user.

PATENT: Blockchain solutions for financial services and other transactions-based industries; US 11,631,063 B2; 4/18/2023; CPC G06Q 20/06; 24 claims; assigned to L4S Corp.

ABSTRACT: A system and a method for creating a holistic, flexible, scalable, confidential, low-latency, high-volume, immutable distributed ledger for the financial services and other industries. The system allows a scalable blockchain solution with respect to accessible memory requirements of distributed ledgers or distributed databases with confidentiality in the shared records as well as accommodating low-latency, high-capacity transaction capabilities. The method includes a fundamental, generic, logical representation of financial services life-cycles transactions in terms of variable sets of four simple, sequential components. The optimal process generates a self-validating, variable n-dimensional, multi-hash-linked, interdependent distributed ledger that allows the individual network participants to recreate the ledger without having to refer to or confirm with other network participants.

PATENT: Crowdfunding method based on block chain for creating game and crowdfunding system for implementing crowdfunding service environment; US 11,631,064 B2; 4/18/2023; CPC G06Q 20/065; 18 claims; assigned to NHN Corperation.

ABSTRACT: A crowdfunding method may be executed by one or more processors of a crowdfunding system based on a blockchain for creating a game operating on a distributed network composed of a plurality of nodes. The method comprises performing a crowdfunding service on the distributed network according to a configured smart contract. The smart contract comprises generating an initial block including data records related to game production plan information, sharing at least one transaction record related to electronic transactions of coins with the plurality of nodes, generating at least one new block including data records related to at least one transaction record, and updating a blockchain stored in at least one of the plurality of nodes so as to add the new block to the blockchain through communication with the distributed network.

PATENT: Digital derivatives in blockchain environments; US 11,631,066 B2; 4/18/2023; CPC G06Q 20/102; 16 claims.

ABSTRACT: A digital derivative is a cryptographic- and blockchain-based financial product that governs capital investments in blockchain mining infrastructure. The digital derivative resembles a bond financial product that utilizes blockchain protocols for principal, interest, and payment aspects. A secured hashrate is delivered by the issuer for the lifetime of the digital derivative. Income is generated in the cryptocurrency being mined, and the issuer may elect (prior to issuance) to repay the principal in the mined cryptocurrency. A cryptographic variable interest rate is calculated in the mined cryptocurrency based on the secured hashrate and a protocol-reported network difficulty.

PATENT: Secured, unified, multifunctional, digital currency store with machine-readable card and/or mobile app; US 11,631,072 B2; 4/18/2023; CPC G06Q 20/28; 9 claims; assigned to Bank of America Corporation.

ABSTRACT: A prepaid electronic funds transferring system, components, and method is provided for users that do not have checking or savings accounts. A user has a digital currency store such as, for example, in a non-checking non-savings prepaid account associated with a secure unified prepaid banking card and/or smartphone app. Interest may be provided by an issuer on funds in the digital currency store. Debit and credit transactions may be processed. NFC and UWB geo-locating can be used to find lost cards and/or the mobile device on which the app is loaded. Electronic transactions may be received and performed without requiring a recipient to download an app. Secure semiconductors may facilitate wireless and non-wireless communications with ATMs and POS machines. QR codes may identify accounts, constitute private/public encryption keys, or other relevant info. A cold storage or hot storage system may be implemented for the digital currency store.

PATENT: Flexible behavioral chain framework for permission-based enterprise-focused blockchain applications; US 11,631,093 B2; 4/18/2023; CPC G06Q 30/0201; 20 claims; assigned to AT&T Intellectual Property I, L.P.

ABSTRACT: Concepts and technologies disclosed herein are directed to a flexible behavioral chain (“FBC”) framework for permission-based enterprise-focused blockchain applications. According to one aspect disclosed herein, a chain framework module (“CFM”) executed by a FBC system can receive a new block request to add a new block to an FBC. The new block request can be created by a trigger management module (“TMM”) executed by the FBC system in response to a trigger, such as a customer touchpoint, a customer engagement, a subscribed event, and/or a virtual event. In response to the new block request, the CFM can generate the new block. A customer value score derivation module (“CVSDM”) executed by the FBC system can determine a customer value score (“CVS”) for a customer. The CFM can incorporate the CVS into the new block. The CFM can connect the new block to the FBC.

PATENT: Automated hedge management systems and methods; US 11,631,131 B2; 4/18/2023; CPC G06Q 40/04; 20 claims; assigned to Kantax Limited.

ABSTRACT: Exemplary embodiments provide hedge management systems and methods for implementation of automated hedging programs. The automated hedge management system manages various types of hedging programs on behalf of various clients based on currency exchange information received from any of various market data providers. The automated hedge management system also interfaces with various hedge service providers (e.g., banks or other asset market makers) such as for implementing a hedge decision, e.g., to purchase or sell a forward contract. Exemplary embodiments are implemented using parameterized programs and parameterized program engines, thereby allowing a single program engine to implement multiple hedging program instances including combinations of instances.

PATENT: System and method for dynamically determining quantity for risk management; US 11,631,132 B2; 4/18/2023; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A system and method for dynamically determining quantity for risk management are described. According to one example embodiment, as a trader positions an order icon at a desired price or price-derivative value on a graphical interface, an order quantity for the order is dynamically determined based on the order price and a selected risk management formula. A trader can change the price or the price-related value for one or more orders by moving the order icons relative to a price axis on a graphical interface. In such an embodiment, the initially calculated order quantity for each order will be dynamically recalculated based on the modified orders for the trading strategy.

PATENT: Methods and systems for low latency automated trading using a canceling strategy; US 11,631,135 B2; 4/18/2023; CPC G06Q 40/04; 27 claims; assigned to Exegy Incorporated.

ABSTRACT: Disclosed herein are automated trading engine embodiments that operate on market data and re-engineer trading logic to operate on computational resources that are capable of providing highly parallelized and pipelined processing operations to improve tick to trade latency. As an example, logic resources for the automated trading engine can implement canceling strategies to cancel quotes and/or orders on markets when defined conditions are met. For example, if new trades indicate that existing quotes and/or orders are no longer advantageous, the logic resources can act quickly to cancel those quotes and/or orders.

PATENT: System, method and non-transitory computer-readable medium for cryptocurrency mining; US 11,631,138 B2; 4/18/2023; CPC G06Q 40/06; 30 claims.

ABSTRACT: A computer may be provided on a mining machine comprising a mother board, a power supply in operable communication with the mother board, an input/output interface in communication with the mother board, and a plurality of hash boards each in communication with the mother board and comprising a plurality of mining chips. The computer may execute instructions that cause the computer to perform establishing communication with an external device, retrieving at least one profit variable from the external device, calculating an estimated profitability of a first mining chip based on the profit variable, and adjusting a chip voltage supplied to the first mining chip and adjusting a chip frequency of the first mining chip to maximize the estimated profitability. Alternatively, the instructions may cause the computer to adjust the chip voltage and the chip frequency to maintain a temperature within a predetermined range.

April 11, 2023

Total CPC G06Q Subclass (business methods) patents issued: 156

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based exchange with tokenization; US 11,625,694 B2; 4/11/2023; CPC G06Q 20/065; 23 claims; assigned to nChain Licensing AG.

ABSTRACT EXCERPT: The invention provides a secure method for exchanging entities via a blockchain. The invention incorporates tokenisation techniques, and also techniques for embedding metadata in a redeem script of a blockchain transaction. Embodiment(s) provide a computer implemented method of performing an exchange of entities.

PATENT: Intelligent distributed ledger consent optimizing apparatus for asset transfer; US 11,625,698 B2; 4/11/2023; CPC G06Q 20/102; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Aspects of the disclosure relate to processing asset transfers. A computing platform may receive an asset transfer request and extract information from it. The computing platform may modify a distributed ledger to include a new block corresponding to the asset transfer request. The computing platform may identify a consensus method by identifying, for each of a plurality of consensus methods, a subset of blocks from the distributed ledger that, when used to execute the corresponding consensus method, result in a lowest energy consumption value in comparison to remaining subsets of blocks. The computing platform may execute each consensus method using the corresponding identified subset of blocks, which may result in establishing consensus to process the asset transfer request. Based on establishing the consensus, the computing platform may direct an event processing platform to process the asset transfer request, which may cause the event processing platform to process the request accordingly.

PATENT: Blockchain-based data verification system and method, computing device and storage medium; US 11,625,718 B2; 4/11/2023; CPC G06Q 20/401; 16 claims; assigned to Advanced New Technologies Col, Ltd.

ABSTRACT: The present specification provides a blockchain-based data verification system and method, a computing device, and a storage medium. The blockchain-based data verification system includes: a first verification system, a second verification system, and a first blockchain node and a second blockchain node on a blockchain network; the first verification system is configured to: collect first service data based on a predetermined condition and generate a first verification file including the first service data, and send a verification request to the second verification system; the second verification system is configured to: receive the verification request, verify the first service data with second service data in a local database of the second verification system, generate and send a verification result notification to the first verification system, and send successfully verified second service data in the local database to the first blockchain node on the blockchain network; wherein the first verification system is further configured to: receive the verification result notification, and send successfully verified first service data to the second blockchain node on the blockchain network.

PATENT: System and method for multi-market risk control in a distributed electronic trading environment; US 11,625,776 B2; 4/11/2023; CPC G06Q 40/04; 19 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A system and method are provided for distributed risk management. According to one example embodiment, a central risk controller is provided that can communicate with a plurality of local risk management modules located at a plurality of gateways. The central risk controller may allocate a portion of a central account balance associated with a trading account to each local risk management module. Then, as the trades are made using the trading account, the local risk management modules may manage risk associated with the trades until the local account balance is insufficient. As the account balance gets low, the local risk management module may query the central risk controller for the additional risk account balance.

PATENT: System and method for routing a trading order based upon quantity; US 11,625,777 B2; 4/11/2023; CPC G06Q 40/04; 10 claims; assigned to BGC Partners, Inc.

ABSTRACT: An apparatus for routing trading orders comprises a memory and a processor. The memory stores first trading information associated with a first buy order placed with a first market center. The first buy order is associated with a product and the first trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The memory also stores second trading information associated with a second buy order placed with a second market center. The second buy order is associated with the product and the second trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The processor is coupled to the memory and receives a sell order associated with a quantity of the product. The processor further cancels at least a portion of the second buy order placed with the second market center for placement with the first market center. The canceled portion of the second buy order is determined based at least in part upon the second trading information. The processor further routes at least one additional sell order to the first market center having a quantity that is based upon at least one of the first trading information and the canceled portion of the second buy order.

PATENT: Distributed trading network and interface; US 11,625,778 B2; 4/11/2023; CPC G06Q 40/04; 13 claims; assigned to CFPH, LLC.

CLAIM 1 EXCERPT: In response to receiving a first order, determine a plurality of second orders based on the first order, the aggression level and the market data, in which the plurality of second orders include a ladder of orders each with different quantities and different price deviations from a market price such that a price deviation from the market price increases in favor of the liquidity provider as a quantity increases, in which each order of a plurality of orders includes a respective minimum fill parameter and a respective maximum contra display parameter such that the ladder of orders includes no orders that have an overlapping range of minimum fill parameter and maximum contra display parameter.

PATENT: Electronic outcry messaging for electronic trading; US 11,625,779 B2; 4/11/2023; CPC G06Q 40/04; 22 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Methods, devices, and systems for facilitation of communication between participants of an electronic marketplace involve receiving a message generated from a market participant and transmitting the message to other market participants. The facilitation also involves receiving responses to the message from the other market participants and transmitting the responses to the message originating market participant such that the transmitted response is imperceptible to the other market participants.

PATENT: Techniques for automated call cross trade imbalance execution; US 11,625,780 B1; 4/11/2023; CPC G06Q 40/04; 21 claims; assigned to State Street Bank and Trust Company.

ABSTRACT: Various embodiments are generally directed to techniques for automated call cross trade imbalance execution. Techniques described herein may provide an automated crossing solution for buy-side clients that limits position information to banks and individuals prior to setting a benchmark rate for foreign exchange. In some embodiments, clients may roll forward spot trades with a chosen counterparty bank, which is then sent to a centralized, automated, bank platform. Techniques described herein may offer a multi-bank platform solution that accepts trades, validates trades, performs credit checks, and executes trades in a manner that limits knowledge of position information prior to setting a benchmark rate. Further, proposed techniques include determining a trade imbalance and automatically executing the determined trade imbalance in a manner such that market impact is minimalized. In some embodiments, trade imbalances may be calculated on a bank-by-bank basis, thus allowing each bank to execute its own trade imbalance. Other embodiments are described.

PATENT: Blockchain instrument for transferable equity; US 11,625,783 B1; 4/11/2023; CPC G06Q 40/04; 26 claims; assigned to Equity Shift, Inc.

CLAIM 1 EXCERPT: A system for performing transactions of tokenized securities, comprising: a platform including a server in network-based communication with a plurality of user devices.

PATENT: System and method for automated blockchain custody service for managing a set of custodial assets; US 11,625,792 B2; 4/11/2023; CPC G06Q 50/01; 20 claims; assigned to Strong Force TX Portfolio 2018, LLC.

ABSTRACT: A system and method for automated blockchain custody service for managing a set of custodial assets includes a blockchain service circuit structured to interpret a plurality of access control features corresponding to parties associated with a secured loan; a data collection circuit structured to receive first collateral data from at least one sensor associated with the collateral used to secure the loan; receive second collateral data regarding an environment of the collateral from an IoT circuit; and associate the first collateral data and second collateral data with a unique identifier associated with the item of collateral, wherein the blockchain service circuit is structured to store the unique identifier and associated collateral data as blockchain data; a smart contract circuit structured to create a smart lending contract; and a secure access control circuit structured to receive access control instructions from a lender of the loan via an access control interface.

April 4, 2023

Total CPC G06Q Subclass (business methods) patents issued:  139

Financial industry business method patents reviewed herein:   10

PATENT: Multi-function smart tokenizing electronic payment device; US 11,620,634 B2; 4/4/2023; CPC G06Q 20/341; 72 claims; assigned to Cardware, Inc.

ABSTRACT: An embodiment includes a multi-function electronic device capable of generating a programmed magnetic field of alternating polarity based on a speed of a card swipe, and methods for constructing the device for the purpose of emulating a standard credit card. An apparatus is described to allow the device to emulate behavior of a credit card when used in electronic credit card readers. Additionally, methods are described to allow user control of the device for the purpose of authorizing or controlling use of the device in the application of credit, debit and cash transactions, including cryptocurrency and device-to-device transactions. Methods are also described for generating a limited-duration payment number when performing a transaction for the purpose of creating a limited-use payment number, which is limited in scope of use to a predetermined number of authorized transactions. Furthermore the device may interact with other similar devices in proximity for the purpose of funds or credit/debit transfers.

PATENT: Digital contracts in blockchain environments; US 11,620,642 B2; 4/4/2023; CPC G06Q 20/367; 7 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as virtual services, the contract identifier uniquely identifies a particular digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Tokenization request via access device; US 11,620,643 B2; 4/4/2023; CPC G06Q 20/3674; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments of the invention are directed to a method for submitting a tokenization request via an access device. Embodiments allow tokens to be retrieved for complex mobile devices as well as basic card-type devices. Token requests can be formatted as authorization request messages and transmitted along authorization communication channels.

PATENT: Electronic system for initiating resource distributions from a first source retainer with a token associated with a second source retainer; US 11,620,644 B2; 4/4/2023; CPC G06Q 20/3674; 18 claims; assigned to Bank of America Corporation.

ABSTRACT: Systems, computer program products, and methods are described herein for initiating resource distributions from a first source retainer with a token associated with a second source retainer. The present invention may be configured to receive instructions to link a token associated with a first resource distribution instrument to a second resource distribution instrument, where the first resource distribution instrument and the second resource distribution instrument are associated with different types of source retainers and map, based on receiving the instructions, the token to the second resource distribution instrument. The present invention may be configured to receive signals from a user device comprising information identifying the token, determine, based on receiving the signals, whether the token is mapped to the second resource distribution instrument, and initiate, based on determining that the token is mapped to the second resource distribution instrument, an interaction associated with the second resource distribution instrument.

PATENT: Systems and methods for distributed-ledger based intercompany netting; US 11,620,645 B2; 4/4/2023; CPC G06Q 20/3678; 14 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A method for distributed-ledger based intercompany netting may include: receiving, from a first entity within an organization, a deposit of a first amount of funds to a first account; tokenizing the first amount of funds and writing the first amount of funds to a first token wallet for the first entity on a distributed ledger; receiving, from a second entity within an organization, a deposit of a second amount of funds to a second account; tokenizing the second amount of funds and writing the second amount of funds to a second token wallet for the second entity on the distributed ledger; and executing a transaction involving a transfer of a transaction amount from the first entity to the second entity by deducting the transaction amount from a token balance in the first wallet and adding the transaction amount to a token balance in the second wallet.

PATENT: Systems and methods of using the blockchain to allow music artists to raise and distribute capital; US 11,620,649 B2; 4/4/2023; CPC G06Q 20/389; 20 claims.

ABSTRACT: Systems and methods for distributing capital between a musical artist and a fan are provided. In preferred embodiments, the method comprises creating a finite pool of non-fungible tokens (NFTs) wherein each NFT is assigned to a unique artist/song combination. Creating a finite pool of Music Tokens that are distributed to owners of the discrete NFTs based on the performance of the artist or artist/song combination over fixed intervals of time. In preferred embodiments, the distribution of the Music Tokens is at least based on the number of streams a song receives across one or more streaming platforms.

PATENT: System and method for a digital coin exchange; US 11,620,669 B2; 4/4/2023; CPC G06Q 30/0226; 28 claims; assigned to Alef Edge, Inc.

ABSTRACT: Systems and methods for digital coin exchange. A digital coin platform receives a distribution request from an entity server comprising digital multimedia content associated with an entity. Digital coins are created responsive to the request. Each digital coin comprises a first coin associated with the entity and a second coin associated with consumers. The first and second coins are linked via linking information. The first coins are transferred to the entity server. A consumption request including the digital multimedia content is transmitted to a consumer device. Responsive to an indication that the content is at least partially consumed via the consumer device, one or more second coins are transferred to the consumer device. The digital coins and the transferred first and second coins are recorded. The transferred second coins permit the consumer device to perform transactions associated with the entity.

PATENT: Method and system for managing medical information platform by using blockchain, and non-transitory computer-readable recording medium; US 11,620,671 B2; 4/4/2023; CPC G06Q 30/0233; 11 claims; assigned to MediBloc Co., Ltd.

ABSTRACT: According to one aspect of the present invention, there is provided a method for managing a medical information platform using a blockchain, the method comprising the steps of: dynamically calculating an exchange ratio between tokens and points, with reference to at least one of an amount of points that a user intends to exchange for tokens on a medical information platform, an amount of tokens that the user intends to exchange for points on the medical information platform, an amount of tokens present in a token pool managed by the medical information platform, and an amount of points previously exchanged for tokens on the medical information platform; and providing the user with the tokens or points exchanged with reference to the calculated exchange ratio.

PATENT: Identification of targets for a campaign by referencing a blockchain and/or a distributed system file system; US 11,620,684 B2; 4/4/2023; CPC G06Q 30/0276; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A device, that is part of a network of nodes that has access to a blockchain, may receive, from a user device associated with an entity, a request for campaign information for a campaign. The request may include data identifying campaign parameters. The device may interact with smart contracts associated with the blockchain to identify individuals to target for the campaign. The smart contracts may be configured to receive the campaign parameters as input and to output an indication of whether campaign preferences are compatible with the campaign parameters. The device may generate the campaign information to include information identifying the individuals targeted for the campaign and information identifying particular campaign preferences found to be compatible with particular campaign parameters. The device may provide the campaign information to the user device to permit the user device to use the campaign information to target the individuals for the campaign.

PATENT: Systems and methods for quantum based optimization of an efficient frontier determination; US 11,620,710 B2; 4/4/2023; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various systems and methods are provided for quantum computing based optimization of an efficient frontier determination. One exemplary method may comprise identifying one or more filtered portfolio optimization factor data based on one or more portfolio optimization factor data, QC algorithms, and algorithm performance information, selecting one QC algorithm for each filtered portfolio optimization factor data of the one or more filtered portfolio optimization factor data, and utilizing the selected QC algorithm to optimize an efficient frontier determination for each identified filtered portfolio optimization factor data.

March 28, 2023

Total CPC G06Q Subclass (business methods) patents issued:  154

Financial industry business method patents reviewed herein:   10

PATENT: Parallel blockchains for vehicle and user ID; US 11,615,349 B2; 3/28/2023; CPC G06Q 10/02; 7 claims; assigned to Toyota Motor North America, Inc.

ABSTRACT: Methods, systems, and devices for a cross-linked distributed ledger. The cross-referencing system includes multiple computing devices including a first computing device and a second computing device. A computing device of the multiple computing devices is configured to maintain a first cross-linked distributed ledger. The first cross-linked distributed ledger has a first set of multiple linked records that are associated with a first identifier. The first computing device includes a processor. The processor is configured to link or provide a first record associated with the first identifier to the first cross-linked distributed ledger. The first record has a first reference to a second record. The second record is within a second set of multiple cross-linked records of a second cross-linked distributed ledger.

PATENT: Blockchain based project evaluation method and system; US 11,615,354 B2; 3/28/2023; CPC G06Q 10/063118; 2 claims; assigned to Soonchunhyang University Industry Academy Cooperation Foundation.

ABSTRACT: Provided is a method of evaluating a project, which is performed by a server. The method may include determining team members who are to perform a project, receiving project activity contents generated by at least one of the team members and transmitting the project activity contents to a node on a blockchain. The project activity contents may include an execution completion report on at least one of tasks configuring the project, execution results of the project, evaluation of the results by the team members, and feedback for the evaluation.

PATENT: Electronic management of supply chain factoring with shared state storage in a distributed ledger; US 11,615,375 B2; 3/28/2023; CPC G06Q 10/087; 15 claims; assigned to dexFreight, Inc.

ABSTRACT: Supply chain factoring utilizing shared state information stored in a distributed ledger includes the selection of an electronic supply chain document associated with an order for goods by a purchaser of the goods and the minting of a cryptographic token on behalf of a seller of the goods. the token encapsulating a purchase price for the order and associated order terms. A location is reserved in the ledger into which the token is uploaded. Subsequently, factoring terms are published at the reserved location by a factoring agency supporting the factorization of the purchase price. The seller then validates an ascension to the factoring terms in the reserved location. Finally, the reserved location is annotated to indicate satisfaction of the factoring terms upon the purchase price being paid to the factoring agency and a fraction of the purchase price being paid by the factoring agency to the seller of goods.

PATENT: Devices, systems, and methods for securing and transacting cryptocurrency assets; US 11,615,382 B2; 3/28/2023; CPC G06Q 20/065; 12 claims; assigned to Xeeda Inc.

ABSTRACT: A system for secure transactions of cryptocurrencies is provided herein, where the system includes a computing device having a software application installed thereon and is configured to store a public cryptocurrency key. And further includes a hardware encryption device configured to store a private cryptocurrency encryption key, and is configured to selectively connect in data communication to the computing device for signing an cryptocurrency transaction. The computing device broadcasts a signed transaction received from the hardware encryption device for verification of the transaction.

PATENT: Management of decentralized community of product users based on distributed ledger; US 11,615,384 B1; 3/28/2023; CPC G06Q 20/065; 12 claims; assigned to JT International SA.

ABSTRACT: Provided is a system that receives tracking data associated with a user and including at least one information chosen from a group comprising purchase information of a product, usage information of this product, and cumulative sharing information related to this product or to a domain having any relation with this product. The system controls a distributed ledger technology network to execute a smart contract on the received tracking data by applying at least one rule on these received tracking data. The system assigns a status level chosen from at least two predefined status levels to the user based on the executed smart contract, at least one predefined status level corresponding to at least one privilege associated with a management of the distributed ledger technology network and/or the product. The system controls allocation of a first amount of electronic currency to the user based on his assigned status level.

PATENT: Block chain authentication systems and methods; US 11,615,386 B1; 3/28/2023; CPC G06Q 20/10; 20 claims; assigned to USAA.

ABSTRACT: Techniques provided herein relate to registering secondary authentication information with a blockchain. A block chain is stored, having primary authentication information, secondary authentication information, or both that is used in authenticating one or more electronic data action requests provided by a client system to a backend system. The client system, a secondary device, or both registers the secondary device with blockchain node, such that secondary device data is stored as the primary authentication information, the secondary authentication information, or both in the blockchain node.

PATENT: Digital contracts in blockchain environments; US 11,615,398 B2; 3/28/2023; CPC G06Q 20/367; 20 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as virtual services, the contract identifier uniquely identifies a particular digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Distributed ledger core; US 11,615,413 B2; 3/28/2023; CPC G06Q 20/389; 16 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Distributed ledger cores are disclosed. A method for interacting with a distributed ledger core may include: (1) a distributed banking ledger in a blockchain-based distributed ledger system receiving a transaction request for a transaction from a client system; (2) a smart contract creating a pending transaction; (3) the smart contract sending a posting request for the pending transaction to a ledger interoperability service; (4) the posting generation service generating accounting movements for the transaction; (5) the posting execution service posting the accounting movements and providing posting details to the ledger interoperability service; (6) validating the posting details with a data services module; (7) the smart contract receiving a posting validation complete notification from the posting execution service via the ledger interoperability service; (8) the smart contract settling the transaction on the distributed banking ledger by writing the transaction as a new block to the distributed banking ledger.

PATENT: System and method for a trading interface incorporating a chart; US 11,615,468 B2; 3/28/2023; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis.

PATENT: Stock trading platform with social network sentiment; US 11,615,470 B1; 3/28/2023; CPC G06Q 40/04; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: The innovation disclosed and claimed herein, in one aspect thereof, comprises systems and methods of stock trading using social network sentiment. The system and method can receive a trading order entry for a stock asset having at least one condition to execute, wherein the at least one condition to execute is based on a social network sentiment. The system and method monitors the stock asset for conditions to execute and monitors a tracking social network sentiment of the stock asset. The system and method can determine if the conditions to execute satisfied. The system and method can execute a stock trade according to the trading order entry based on the determination.

March 21, 2023

Total CPC G06Q Subclass (business methods) patents issued:  122

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for cryptographic authentication of contactless cards; US 11,610,195 B2; 3/21/2023; CPC G06Q 20/352; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Example embodiments of systems and methods for data transmission between a contactless card, a client application, and a server are provided. The memory of the contactless card may include a first card number table storing a first plurality of card numbers, each card number associated with a user account. A first applet may cycle through the first card number table and transmit each of the first plurality of card numbers to a second applet. In response to detection of one or more gestures by the card, the client application may read one or more of the first plurality of card numbers from the second applet and transmit a verification request associated with the one or more read card numbers to the server, which may compare the one or more read card numbers to a number from a second card number table and transmit a verification determination to authenticate the card.

PATENT: Tokenized healthcare service payments; US 11,610,201 B2; 3/21/2023; CPC G06Q 20/401; 17 claims; assigned to Capital District Physicians Health Plan, Inc.

ABSTRACT: A computer-implemented method for expediting processing of a payment for a patient's healthcare service with a healthcare provider includes displaying an out-of-pocket cost for a patient for a healthcare service at a display interface of a computer device prior to the healthcare service being rendered. After patient selection of the healthcare service and payment of any out-of-pocket costs, a health token is issued to the patient as cryptocurrency for payment of the healthcare service. The health token is received from the healthcare provider after the healthcare provider renders the healthcare service, receives the health token from the patient for payment of the healthcare service, and embeds data pertaining to the healthcare service into the health token. Based on the data embedded in the health token, the healthcare service is approved or disapproved. If the healthcare service is approved, a payment for the healthcare service is issued to the healthcare provider.

PATENT: Systems and methods for tokenization and API services; US 11,610,262 B1; 3/21/2023; CPC G06Q 40/025; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Systems, apparatuses, methods, and computer program products are disclosed for preapproving a loan. An example method includes receiving, from an online marketplace server device, a preapproval request provided by a user for a loan preapproval to purchase a first property. The example method further includes obtaining credit information associated with the user from a credit server device. The example method further includes generating a preapproval data structure based on the preapproval request and the credit information. The example method further includes generating a preapproval token based on the generated preapproval data structure. Subsequently, the example method includes transmitting the generated preapproval token to the online marketplace server device.

PATENT: Interest rate swap compression match engine; US 11,610,263 B2; 3/21/2023; CPC G06Q 40/04; 18 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to a system for trading using a central counterparty which allows market participants to minimize risk and/or transactional fees associated with a portfolio of bilateral positions without substantially altering a risk profile thereof. In particular, the disclosed embodiments allow a market participant holding a portfolio of heterogeneous bilateral positions, such as positions in interest rate swap (“IRS”) contracts, to net together similar but not identical positions within their portfolio, thereby reducing margin requirements and/or transaction fees, according to criteria specified by the market participant, and which may be different from criteria specified by other market participants, wherein the overall risk exposure desired by the market participant in entering into the positions remains substantially unchanged as does the desired overall risk exposure of the counterparty market participants to those positions.

PATENT: System and method for buy-side order matching; US 11,610,264 B2; 3/21/2023; CPC G06Q 40/04; 14 claims; assigned to Fidessa Trading UK Limited.

ABSTRACT: Techniques for buy-side order matching in the trading of financial instruments using a centralized matching engine having one or more storage devices including rules and order parameters for a plurality of buy-side parties. The centralized matching engine includes one or more transmitters and receivers communicatively coupled to a network and one or more processors operatively coupled to the one or more storage devices and the one or more transmitters and receivers. At least one message sent over the network by a plurality of buy-side parties and is received by the central matching engine to set the rules or order parameters. At least one order of at least two of the plurality of buy-side parties is matched based on the rules and the order parameters. A message is transmitted over the network to a sell-side party indicating that trade negotiation can commence.

PATENT: Processing over alternate communication sessions between a source node and a destination node having different paths in a communications network; US 11,610,265 B2; 3/21/2023; CPC G06Q 40/04; 20 claims; assigned to FTEN, Inc.

ABSTRACT: Data transaction-specific data packets transmitted over a data communications network from a plurality of source computer nodes are processed. A first data packet communication session is established between one source computer node and one destination computer node to transport data transaction specific data packets over a first path through the data communications network. A second alternative data packet communication session is established between the one source computer node and the one destination computer node to transport data transaction specific data packets over a second path that is different from and bypasses the first path. When a condition based on the data transaction-specific data packets is identified, electronic processing circuitry initiates an alteration of the first data packet communication session. After that, the electronic processing circuitry determines whether any data transaction specific data packets associated with the second alternative data packet communication session continue to travel from the one source computer node to the one destination computer node over the second path.

PATENT: Investor profiling and behavioral risk management system for wealth management; US 11,610,266 B2; 3/21/2023; CPC G06Q 40/06; 15 claims; assigned to Andes Wealth Technologies.

ABSTRACT: A computerized and quantitative investor profiling and behavioral risk management system that includes risk and behavioral assessment questionnaires and tools, and behavioral analytics including the Behavioral Risk Index, a single number to indicate the investor's tendency for irrational investment behavior during market turmoil. It also includes a tool to help protect senior citizen clients, and an automated Investment Policy Statement generator that is modularly defined and can dynamically generate standard and custom charts.

PATENT: System and method for rules-driven adjudication; US 11,610,267 B2; 3/21/2023; CPC G06Q 40/08; 20 claims; assigned to Myndshft Technologies, Inc.

ABSTRACT: A system and method for rules-driven adjudication is disclosed. The system includes a storage includes a rule library having a plurality of rules, each rule being in a human-readable format and including a first data tag, a comparator, a comparison value, and a result. The system also includes a rules manager configured to receive and store a new rule. The system includes a rules evaluator configured to receive an adjudication request having a data object associated with a data tag, and evaluate the request and create a primary determination by applying a first rule to the request, and further applying a first subsequent rule and all logically adjacent rules until all logically adjacent rules have been exhausted and the primary determination is an indefinite outcome or the applying of a final rule returns an outcome that becomes the primary determination.

PATENT: Seamless electronic discovery system with an enterprise data portal; US 11,610,277 B2; 3/21/2023; CPC G06Q 50/18; 25 claims; assigned to Open Text Holdings, Inc.

ABSTRACT: Seamless electronic discovery systems with an enterprise data portal are disclosed herein. An example system includes a document collection system that collects relevant documents from one or more target sources, an investigation platform that processes the relevant documents and a portal system that interfaces the document collection system and the investigation platform to provide end-to-end electronic discovery using tracking units that provide chain-of-custody proof.

PATENT: Close marketplace; US 11,610,279 B2; 3/21/2023; CPC G06Q 50/265; 18 claims; assigned to CloseQuest Inc.

ABSTRACT: A close marketplace is provided where the users' institutional affiliation, identity, and/or criminal record are verified in order to become members. Although an unregistered person may browse some of the posted listings, in order to buy, sell, contact, and/or meet another member of the marketplace, a person has to be affiliated with an approved institution, the person's real life identity has to be verified, and/or the person's criminal background has to meet a pre-determined criteria. The marketplace lowers the risk for the strangers who may want to interact with each other through a close circle of professionals. When two members are going to meet through the marketplace to buy and sell items, to rent, to be roommates, to date, etc., they have an assurance that each member has gone through a validation and verification process.

March 14, 2023

Total CPC G06Q Subclass (business methods) patents issued:  118

Financial industry business method patents reviewed herein:   10

PATENT: Quantum computing task translation supporting multiple quantum computing technologies; US 11,605,033 B2; 3/13/2023; CPC G06Q 10/04; 20 claims; assigned to Amazon Technologies, Inc.

CLAIM 1: 1. A system, comprising:

at least one processor; and

at least one non-transitory computer readable storage medium storing instructions that, when executed by the at least one processor, cause the system to:

identify historical pick-up events corresponding to rider computing devices;

select lead locations corresponding to the historical pick-up events;

receive a ride request associated with a rider computing device of a rider, wherein the ride request includes a pick-up location;

select, as a start location for the ride request, a first lead location from the historical pick-up events comprising a first historical pick-up event and a second historical pick-up event by:

applying a first weight to the first historical pick-up event based on a first location app entry method via a first rider computing device; and

applying a second weight to the second historical pick-up event based on a second location app entry method via a second rider computing device; and

provide, for display, the start location to at least one of a driver computing device or the rider computing device.

PATENT: Software system utilizing blockchain for transactions; US 11,605,059 B2; 3/13/2023; CPC G06Q 20/0855; 19 claims; assigned to SAP SE.

CLAIM 1: 1. A computer-implemented method, the method comprising:

receiving, by a distributed ledger management service (DLMS) microservice executed by one or more data processors, an electronic document comprising transactional data;

determining, by the DLMS microservice based on the transactional data, a document type;

extracting, by the DLMS microservice, a portion of the transactional data from the electronic document based on the document type;

storing, by the DLMS microservice, multiple instances of the portion of the transactional data on a plurality of distributed ledger nodes on a network, wherein the storing comprises selecting a type of the plurality of distributed ledger nodes from among different types of distributed ledger nodes on the network based on the document type;

determining, by the DLMS microservice, a validity of the instance of the portion of the transactional data stored on at least one of the plurality of distributed ledger nodes to detect tampering of the portion of the transactional data, the determining of the validity based on comparing the instance of the portion of the transactional data stored on the at least one of the plurality of the distributed ledger nodes against the instances of the portion of the transactional data stored on others of the plurality of distributed ledger nodes; and

providing, by the DLMS microservice, after the determining of the validity, the portion of the transactional data to an external node.

PATENT: METHOD AND SYSTEM OF TRANSFERRING CRYPTOCURRENCY CREDITS THROUGH A BLOCKCHAIN WITH LEAF BLOCKS; US 11,605,080 B2; 3/13/2023; CPC G06Q 20/401; 14 claims.

ABSTRACT: A method of transferring cryptocurrency credits employs leaf blocks to transfer cryptocurrency credits which are settled by cryptocurrency through blockchain transaction(s). It comprises: maintaining two types of accounts—one for cryptocurrency and the other for cryptocurrency credits; creating at least a leaf block, by a sending financial institution, containing a plurality of business transactions that intend to transfer customers' cryptocurrency credits to customers at a receiving financial institution; calculating a mathematical summary of said leaf block; creating at least a blockchain transaction tying to said leaf block through said mathematical summary serving as a settlement to said leaf block; submitting said blockchain transaction to a blockchain; sharing said leaf block with the receiving financial institution; accessing said leaf block by the receiving financial institution, validating it and crediting transaction amounts in it to corresponding customer accounts at the receiving financial institution. A system configured to implement said method.

PATENT: SYSTEMS AND METHODS OF SMART CONTRACT AND DISTRIBUTED LEDGER PLATFORM WITH BLOCKCHAIN AUTHENTICITY VERIFICATION; US 11,605,124 B2; 3/13/2023; CPC G06Q 40/025; 20 claims; assigned to Strong Force TX Portfolio 2018, LLC.

ABSTRACT: A system and method of smart contract and distributed ledger platform with blockchain authenticity verification includes a blockchain service circuit structured to interface with a distributed ledger; a data collection circuit structured to receive data related to a set of items of collateral that provide security for a loan: a smart contract circuit structured to create a smart lending contract for the loan and assign at least a portion of the set of items of collateral to the loan, thereby creating an assigned set of items of collateral; wherein the blockchain service circuit is further structured to record the assigned set of items of collateral to a loan-entry in the distributed ledger, and wherein each of the blockchain service circuit, the data collection circuit, and the smart contract circuit further comprise a corresponding application programming interface (API) component structured to facilitate communication among the circuits of the system.

PATENT: GRAPHICAL USER INTERFACE RELATED TO NON-STANDARD TRADING OF FINANCIAL INSTRUMENTS; US 11,605,129 B2; 3/13/2023; CPC G06Q 40/04; 20 claims; assigned to BGC Partners, Inc.

ABSTRACT: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.

PATENT: COMPRESSION OF AN EXCHANGE TRADED DERIVATIVE PORTFOLIO; US 11,605,130 B2; 3/13/2023; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: An illustrative computing device may include a processor and a non-transitory memory device for storing a data structure capable of being compressed, where the data structure includes a plurality of data elements and each of the plurality of data elements includes a date field and a quantity field. The computing device may process instructions to arrange the plurality of data elements in a consecutive series in date order based on a value stored in the date field of each data element, determine whether a gap appears in the consecutive series of data elements based on a value stored in the quantity field of each element, remove the determined gaps in each of the data elements, and repeat the determining and removing steps until a predetermined criterion has been reached.

PATENT: SYSTEM AND METHOD FOR MANAGING DISPLAY OF MARKET DATA IN AN ELECTRONIC TRADING SYSTEM; US 11,605,132 B2; 3/13/2023; CPC G06Q 40/06; 8 claims; assigned to BGC Partners, L.P.

ABSTRACT: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.

PATENT: PCA-BASED PORTFOLIO MARGINING; US 11,605,133 B2; 3/13/2023; CPC G06Q 40/06; 20 claims; assigned to Chicago Mercantile Exchange, Inc.

ABSTRACT: A computer implemented method determines a margin requirement for a financial product portfolio. Market conditions for the financial product portfolio are characterized by a zero curve. The method includes producing a plurality of scenario curves, each scenario curve reflecting a principal component analysis (PCA) model of the zero curve with a respective PCA factor of a plurality of PCA factors of the PCA model offset from a corresponding base value for the zero curve, calculating a respective projected value of the financial product portfolio for each scenario curve of the plurality of scenario curves, calculating a loss risk amount for each PCA factor based on the respective projected value and a current value of the financial product portfolio, and determining the margin requirement based on a sum of the loss risk amounts for the plurality of PCA factors.

PATENT: Blockchain-powered offer management and transaction management system; US 11,605,142 B2; 3/13/2023; CPC G06Q 50/16; 20 claims; assigned to ShelterZoom Corp.

ABSTRACT: A transaction system has Internet-connected partner platforms which display webpages with an Offer-Now button initiating coded instructions to display an electronic input form enabling a person to configure a transaction offer, and an Internet-connected service enterprise providing the coded instructions to the partners, configured specifically to partner requirements. Upon the person activating the Offer Now button from a mobile device, a verification code is sent to the device, to be returned to verify the device, and offer input provided through the device and the electronic form is tracked to be saved as an offer for the transaction.

PATENT: Blockchain with joint claims on tokens; US 11,605,143 B2; 3/13/2023; CPC G06Q 50/182; 20 claims; assigned to Goldman Sachs & Co. LLC.

ABSTRACT: A smart contract including one or more rules is defined and stored on a blockchain in conjunction with a pool of one or more tokens owned by the smart contract. A plurality of conflicting claims to the pool of one or more tokens is received and provided to the blockchain. An indication that a trigger condition is met is received from the blockchain. The trigger condition to determined using the one or more rules. Information indicating a distribution of the one or more tokens to resolve the plurality of conflicting claims is also received. The information is generated using the one or more rules in response to the trigger condition being met.

March 7, 2023

Total CPC G06Q Subclass (business methods) patents issued:  133

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain settlement network; US 11,599,858 B2; 3/7/2023; CPC G06Q 20/06; 20 claims; assigned to IBM.

ABSTRACT: An example operation includes one or more of transferring, via a blockchain, a digital value from a sender to a receiver, the digital value representing an off-chain transfer of value, monitoring a message flow between the sender and the receiver, detecting a settlement of the off-chain transfer of value based on message content within messages of the message flow, and returning, via the blockchain, the transferred digital value from the receiver to the sender based on the detected settlement.

PATENT: Method and system for dispute resolution in a public blockchain; US 11,599,859 B2; 3/7/2023; CPC G06Q 20/0658; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for dispute resolution for a blockchain transaction includes: receiving, by a receiver of a processing server, a blockchain transaction identifier and a dispute reason code from a first computing device of a blockchain network, the blockchain transaction identifier and the dispute reason code comprising a dispute request, the blockchain transaction identifier identifying a transaction on a blockchain; transmitting, by the receiver of a processing server, the blockchain transaction identifier and the dispute reason code to a processing device of the processing server; identifying, by the processing device of the processing server, the transaction, a merchant blockchain address, and a currency amount within a blockchain data value of the blockchain based on the blockchain transaction identifier; determining, by the processing device of the processing server, the transaction is invalid; and performing, by the processing device of the processing server, a dispute resolution process for the blockchain transaction.

PATENT: Contextual self-checkout based verification; US 11,599,864 B2; 3/7/2023; CPC G06Q 20/18; 20 claims; assigned to NCR Corporation.

ABSTRACT: A transaction is detected on a terminal. A context for an association of items, bags, shelving, carts, and individuals present during the transaction is maintained from images captured during the transaction. Rules are processed to determine actions to process during the transaction and/or after the transaction based on reported transaction details, the context, and analytics derived from the images for the context. In an embodiment, at least one rule identifies an action that overrides an attendant intervention at the terminal, which would have been issued for a detected weight discrepancy by a scale of the terminal.

PATENT: Rapid approval of blockchain-based transactions; US 11,599,874 B2; 3/7/2023; CPC G06Q 20/3674; 20 claims; assigned to Aldelo, LP.

ABSTRACT: The present disclosure involves systems, software, and computer implemented methods for providing rapid approval of blockchain-based transactions. This includes approval of transactions prior to the transaction being written to the blockchain. A transaction system can register with a transaction manager, such as a cloud-based or cloud transaction manager, which can maintain a queue of pending transactions and provide approval for transactions in real-time or near real-time, while later verifying the pending transactions are written into the blockchain as expected. This allows the transaction system to securely confirm the transaction is approved prior to the transaction being written in the blockchain, based on a real-time or near real-time analysis of each customer's corresponding account and transactions.

PATENT: System and method for optimized transfer of digital assets; US 11,599,934 B2; 3/7/2023; CPC G06Q 30/3637; 18 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A computer-implemented method is disclosed. The method includes: receiving a request to process an order of a value storage token; sending, to a messaging address associated with a recipient entity, a first message including a unique link for accessing a token provider selection interface; detecting activation of the unique link by the recipient entity; in response to detecting activation of the unique link by the recipient entity, providing, on a computing device associated with the recipient entity, the token provider selection interface, wherein providing the token provider selection interface includes presenting only the one or more supported token providers as selectable options via the token provider selection interface; receiving, via the token provider selection interface, a selection of a token provider; in response to receiving the selection of the token provider: sending the digital representation of the value storage token to the messaging address associated with the recipient entity.

PATENT: Selective delayed and undelayed database updating; US 11,599,942 B2; 3/7/2023; CPC G06Q 40/04; 11 claims; assigned to TSX Inc.

ABSTRACT: Received data messages are delayed for further processing based on a bypass condition. Data messages that conform to the bypass condition are not delayed. Data messages that do not conform to the bypass condition are delayed by a delay. Data messages can be representative of orders in an electronic marketplace or trading system. The bypass condition can include indication of a post-only order. The bypass condition can further include indication of a volume that meets or exceeds a minimum volume. The delay can be calculated from a base delay and a variance that modifies the base delay. The variance can be randomly or pseudo-randomly selected and can conform to a maximum variance.

PATENT: Computer method and GUI for displaying a reflexive index price from the settlement of commodity contracts; US 11,599,943 B2; 3/7/2023; CPC G06Q 40/04; 21 claims; assigned to ABAXX Technologies Corp.

ABSTRACT: A computer method for establishing a commodity price index includes receiving, via a web server, transactions for a plurality of first electronic currency denominated commodity or commodity future contracts, and recording, with a server computer operatively coupled to the web server, settlement prices for the plurality of the first electronic currency denominated commodity or commodity future contracts on a distributed ledger. The computer method includes reading, with the server computer, from the distributed ledger, at least a portion of the first electronic currency denominated commodity or commodity future contracts settlement prices, and determining a current electronic currency index price from the at least a portion of the first electronic currency denominated commodity or commodity future contracts settlement prices. The computer method includes displaying the current electronic currency index price on an electronic display. The computer method further includes setting a value of a second electronic currency to correspond to the current electronic currency index price.

PATENT: Systems and methods for providing real-time pre-trade risk assessment; US 11,599,944 B2; 3/7/2023; CPC G06Q 40/04; 20 claims; assigned to Fixnetix Limited.

ABSTRACT: Systems and methods are disclosed that provide real-time pre-trade risk assessments for multiple parties. In one embodiment, a Programmable Logic Device (PLD) may be embedded within an Automated Trading Systems (ATS) architecture by utilizing the Intel socket G or the PCIe interface to provide pre-trade risk functionality. The system may also provide a method for interacting with the ATS DRAM or L1 cache to provide faster access to orders in ATS memory for PLDs. The system may use the Quick Path Interconnect between an embedded processor and a PLD to transfer memory maps. The system may also add additional libraries to an ATS processor to accelerate the transfer or memory maps to a PLD. The system also may use system interrupts to cancel erroneous orders within an ATS processor from a PLD housed within the same physical architecture.

PATENT: Risk-based anti-money laundering system; US 11,599,945 B2; 3/7/2023; CPC G06Q 40/06; 26 claims; assigned to AI Oasis, Inc.

ABSTRACT: A computer system uses risk-based principles to identify customers who have conducted money laundering activities. A money laundering risk score is derived from transactional information, background information, and/or due diligence information for each customer of a group of customers. Customers with higher money laundering risks are identified and monitored more closely. The computer system also assists a user to identify at least one transaction that has caused the identified customer to have a money laundering risk score that is in the higher percentiles of the customers.

PATENT: Algorithmic system for dynamic conditional asset pricing analysis and financial intelligence technology platform automation; US 11,599,946 B2; 3/7/2023; CPC G06Q 40/06; 16 claims; assigned to Brass Ring International Density Enterprise Limited.

ABSTRACT: The current invention pertains to the novel, nonobvious, and applicable design and development of an algorithmic system for dynamic conditional asset pricing output and financial intelligence technology platform automation. Core technicality entails the consistent estimation of dynamic conditional alphas after one controls for myriad fundamental characteristics such as market risk, size, value, momentum, asset investment growth, and operating profitability through recursive multivariate filtration. Conditional specification test evidence supports the use of the dynamic conditional multifactor asset pricing model against the static alternatives. The fintech platform allows users to interact with one another by transmitting valuable units of financial intelligence and information in an online social network. The information units include dynamic conditional alpha rank order, key financial ratio summary, quadripartite visualization of financial data, and financial statement analysis. The fintech platform automates social network functions for better interactive engagement through minimum viable cloud computing facilities for web mobile app design.

February 28, 2023

Total CPC G06Q Subclass (business methods) patents issued:  189

Financial industry business method patents reviewed herein:   10

PATENT: Cryptocurrency payment and refund processing on a transaction terminal; US 11,593,793 B2; 2/28/2023; CPC G06Q 20/3678; 18 claims; assigned to NCR Corporation.

ABSTRACT: A transaction terminal provides processing for payment using a cryptocurrency during a transaction being conducted at the transaction terminal. The transaction terminal further provides processing for a refund transaction utilizing cryptocurrency.

PATENT: Two level crux chain platform for protecting and verifying blockchain data; US 11,593,803 B2; 2/28/2023; CPC G06Q 20/401; 18 claims.

ABSTRACT: The present invention relates to a two level crux chain platform with a Proof of History (PoH) for increasing security, robustness and/or verifiability of a blockchain includes a first initial block with a node assigned to an address of a shard, a plurality of following blocks comprising a new address for each of the following blocks generated using previous address and previous block head by a ladder swapping protocol, a record stream with a plurality of stream value and each stream value is a current record value hashed with a previous stream value and a blockchain server for storing a plurality of modules.

PATENT: Order execution for stock trading; US 11,593,877 B2; 2/28/2023; CPC G06Q 40/04; 10 claims; assigned to Qraft Technologies Inc.

ABSTRACT: An order execution server for stock trading includes a data collection unit configured to collect trading data on at least one item, a subsidiary prediction value generation unit configured to generate a subsidiary prediction value by inputting the trading data into a pre-trained first deep learning model based on supervised learning, an order execution strategy deriving unit configured to derive an order execution strategy for the at least one item during a current period of time based on the trading data and the subsidiary prediction value by using a pre-trained second deep learning model based on reinforcement learning; and an order execution instruction unit configured to instruct order execution for the at least one item during the current period of time by using order information including the order execution strategy.

PATENT: Order execution for stock trading; US 11,593,878 B2; 2/28/2023; CPC G06Q 40/04; 7 claims; assigned to Qraft Technologies Inc.

ABSTRACT: An order execution server for stock trading includes a data collection unit configured to collect trading data on at least one item, a model generation unit configured to generate a reinforcement learning-based deep learning model including two or more actors which are neural networks that determine an action policy of a reinforcement learning agent and a critic which is a neural network that estimates an action value of the reinforcement learning agent and train the reinforcement learning-based deep learning model to derive an order execution strategy for the at least one item based on the trading data and an order execution unit configured to perform order execution for the at least one item during a current period of time by using order information including the order execution strategy.

PATENT: System and method for enabling arbitrage between market price and underlying value of exchange-traded fund shares; US 11,593,879 B1; 2/28/2023; CPC G06Q 40/04; 32 claims; assigned to Eaton Vance Management.

ABSTRACT: A system and method is provided for administering an actively managed fund having shares tradable on an exchange, to support efficient secondary market trading. A Fund Module defines an actively managed ETF. A Portfolio Module tracks a portfolio held by the ETF while maintaining confidentiality of at least a portion thereof. A Basket Module publishes Creation and Redemption Baskets including a subset of the fund portfolio. A Current Valuation Module calculates a current Intraday NAV for the portfolio and Baskets throughout a trading day. A Swap Module provides for periodic entry and exit from NAV Swaps between an ETF Party and Swap Counterparties, who exchange payments based on performance of the fund portfolio and the Fund Basket. A Creation/Redemption Module permits creations and redemptions of ETF shares in exchange for the Fund Basket. Arbitrage is permitted between ETF share price and Intraday NAV without full portfolio disclosure.

PATENT: User definable prioritization of market information; US 11,593,880 B2; 2/28/2023; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Methods and systems for user definable prioritization of market information are disclosed. An example method to prioritize market information displayed in a window within a trading interface includes updating the market information displayed in the window at a first frequency, wherein the first frequency is to correspond to a first window priority. The example method also includes, based on a trigger activation, assigning a second window priority to the window, wherein the second window priority is to cause the market information displayed in the window to update at a second frequency, the second frequency different from the first frequency.

PATENT: Dynamic circuit breaker; US 11,593,881 B2; 2/28/2023; CPC G06Q 40/04; 20 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method for controlling operational states of a hardware matching processor includes monitoring, by a circuit breaker, incoming electronic data transaction request messages to the hardware matching processor; dynamically defining a range of values as a function of values included with electronic data transaction request messages received during a rolling lookback window; detecting that an incoming electronic data transaction request message contains a value outside the range of values; transitioning the electronic data transaction processing system into a pre-open state for a predetermined period, thereby preventing the hardware matching processor from matching incoming electronic data transaction request messages; calculating a pre-open value at an end of the pre-open state; and re-opening the electronic data transaction processing system at the calculated pre-open value, thereby allowing the hardware matching processor to match incoming electronic data transaction request messages.

PATENT: Credit default swap clearing; US 11,593,882 B2; 2/28/2023; CPC G06Q 40/04; 26 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.

PATENT: Controlling price cascade movements in an electronic trading system; US 11,593,884 B2; 2/28/2023; CPC G06Q 40/04; 18 claims; assigned to LIFFE Administration and Management.

ABSTRACT: A disclosed system, method and computer readable storage medium includes mechanism for controlling cascade price movements in an electronic trading system. Price limits control the prices at which traders can place orders. An upper price limit prevents traders from placing orders above the upper limit and a lower price limit prevents traders from placing orders below the lower limit. The gap between the upper limit and the indicative marked price as well as the gap between lower limit and the indicative market price is controlled so as to cause a breaking effect on very rapidly changing market price.

PATENT: Systems and methods for using blockchains to record, manage, and transfer ownership rights to land titles; US 11,593,901 B2; 2/28/2023; CPC G06Q 50/167; 20 claims; assigned to First American  Financial Corporation.

ABSTRACT: Techniques described herein are directed to using blockchains to record, manage, and transfer ownership rights to land titles. A method in accordance with these techniques may include: creating a property blockchain that is permissioned, the property blockchain including a chronologically ordered, back-linked list of one or more blocks, the one or more blocks including a genesis block, the genesis block including property attributes including one more of the following: a physical address of the property, a year the property was built, and an owner of the property; and transmitting the property blockchain to permissioned nodes on a network, where the permissioned nodes validate transactions associated with the property that are recorded on the property blockchain.

February 21, 2023

Total CPC G06Q Subclass (business methods) patents issued:  207

Financial industry business method patents reviewed herein:   10

PATENT: Transaction-enabled systems and methods for providing provable access to a distributed ledger with serverless code logic; US 11,586,994 B2; 2/21/2023; CPC G06Q 10/04; 20 claims; assigned to Strong Force TX Portfolio 2018, LLC.

ABSTRACT: Systems and transaction-enabled methods for providing provable access to a distributed ledger with serverless code logic are disclosed. A transaction-enabling system may include a controller configured to access a distributed ledger comprising serverless code logic, tokenize the serverless code logic, interpret an access request for the serverless code logic and, in response to the access request, provide a provable access to the serverless code logic.

PATENT: Workflow management via block chains; US 11,587,008 B2; 2/21/2023; CPC G06Q 10/0633; 20 claims; assigned to Intuit, Inc.

ABSTRACT: Techniques are disclosed for managing workflows using block chains. An entire workflow may be stored as a finite state machine on a block chain. Each data block of the block chain may correspond to a state and related operation of a workflow. Each data block of the block chain may be used as an input to a subsequent state of the workflow. Thus, any input may be used to compute the workflow even if the input is not designed to be used by a workflow. Nested block chains, each corresponding to a different workflow or different part of a workflow may be used to increase performance of computing the workflows.

PATENT: Blockchain distribution network; US 11,587,050 B2; 2/21/2023; CPC G06Q 20/102; 13 claims; assigned to Northwestern University.

ABSTRACT: A server in a blockchain distribution network includes a processor and a transceiver operatively coupled to the processor. The transceiver is configured to receive bytes of a transaction from a first peer node. The transceiver is also configured to propagate the bytes of the transaction to one or more additional peer nodes and to one or more additional servers in the blockchain distribution network. The transceiver is also configured to receive bytes of a blockchain from a second peer node. The blockchain includes information regarding a plurality of transactions, and the plurality of transactions includes the transaction. The transceiver is further configured to propagate the bytes of the blockchain to the one or more additional peer nodes and to the one or more additional servers in the blockchain distribution network.

PATENT: Digital contracts in blockchain environments; US 11,587,069 B2; 2/21/2023; CPC G06Q 20/367; 20 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as virtual services, the contract identifier uniquely identifies a particular digital contract offered by a virtual machine, vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Method and system for merchant acceptance of cryptocurrency via payment rails; US 11,587,071 B2; 2/21/2023; CPC G06Q 20/3674; 16 claims; assigned to MasterCard Asia/Pacific Pte. Ltd.

FIELD: The present disclosure relates to acceptance of blockchain payment at a traditional point of sale device, specifically the use of traditional payment rails and point of sale devices while enabling payment via a blockchain transaction directly from consumer to merchant.

PATENT: Recordation of device usage to blockchains; US 11,587,074 B2; 2/21/2023; CPC G06Q 20/382; 8 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: A personal blockchain is generated as a cloud-based software service in a blockchain environment. The personal blockchain immutably archives usage of any device, perhaps as requested by a user. However, some of the usage may be authorized for public disclosure, while other usage may be designated as private and restricted from public disclosure. The public disclosure may permit public ledgering by still other blockchains, thus providing two-way public/private ledgering for improved record keeping. Private usage, though, may only be documented by the personal blockchain.

PATENT: Blockchain-based digital loan network; US 11,587,162 B2; 2/21/2023; CPC G06Q 40/025; 29 claims; assigned to TraDove, Inc.

ABSTRACT: Systems and methods are provided for minting payment loan tokens to conduct digital loan transactions within a blockchain-based digital loan payment network. The payment loan tokens are pegged to fiat currency or digital currency. The computing system is a node in the blockchain-based digital loan payment network. A number of payment loan tokens to be provided to a borrower can be determined based on a digital loan transaction. The borrower is a network participant associated with the blockchain-based digital loan payment network. The number of payment loan tokens can be provided for deposit in a digital wallet associated with the borrower based on the digital loan transaction. Payees that receive payment loan tokens from the borrower can redeem the payment loan tokens as fiat or digital currency. A data record that represents the digital loan transaction can be generated. The data record is posted to a blockchain associated with the blockchain-based digital loan payment network.

PATENT: Method and system for cryptocurrency mining center; US 11,587,164 B2; 2/21/2023; CPC G06Q 40/04; 16 claims; assigned to Straitdeer Pte. Ltd.

ABSTRACT: A cryptocurrency mining method and a cryptocurrency mining controller device are provided. The method includes: obtaining electricity price information and cryptocurrency price information; determining operation control parameters of the cryptocurrency mining system according to the electricity price information and the cryptocurrency price information; and controlling an operation of a target group of cryptocurrency miners according to the operation control parameters. The operation includes switching between operation states, and the operation states includes at least a running state and an off state.

PATENT: Controlling operation of a trading algorithm based on operating condition rules; US 11,587,169 B2; 2/21/2023; CPC G06Q 40/04; 15 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Methods, systems and computer-readable storage media are provided for controlling operation of a trading algorithm based on operating condition rules. Certain embodiments provide a method including determining, using a computing device, an approval of use of a trading algorithm by monitoring for an occurrence of an operating condition defined in an operating condition rule. The example method includes determining if the trading algorithm complies with the operating condition rule during the occurrence of the operating condition. The example method includes sending, using the computing device, a notification to a trading instrument to approve or not approve the use of the trading algorithm. The trading algorithm is to be used to implement a trading strategy.

PATENT: Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance; US 11,587,171 B2; 2/21/2023; CPC G06Q 40/04; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.

February 14, 2023

Total CPC G06Q Subclass (business methods) patents issued:  150

Financial industry business method patents reviewed herein:   10

PATENT: Systems, methods, and program products for a digital math-based asset exchange; US,11,580,532 B1; 2/14/2023; CPC G06Q 20/3674; 32 claims; assigned to Gemini IP, LLC.

ABSTRACT: Systems, methods, and program products for providing exchanges for converting from, to, or between digital assets, and in particular digital math-based assets, such as bitcoins, Namecoins, Litecoins, PPCoins, Tonal bitcoins, IxCoins, Devcoins, Freicoins, I0coins, Terracoins, Liquidcoins, BBQcoins, BitBars, PhenixCoins, Ripple, Dogecoins, Mastercoins, BlackCoins, Ether, Nxt, BitShares-PTS, Quark, Primecoin, Feathercoin, and Peercoin, to name a few, are disclosed. In embodiments, such systems, methods, and program products can further provide or be used in conjunction with automated transactions, digital asset arbitrage systems, and/or kiosk systems for transacting or interacting with digital math-based assets. A kiosk for transacting with digital assets and digital asset exchanges is also disclosed. Systems, methods, and program products for automated transactions and automated digital asset arbitrage transactions are also disclosed.

PATENT: Method and system for optimization of data storage for distributed ledgers; US,11,580,533 B2; 2/14/2023; CPC G06Q 20/3676; 12 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for optimizing blockchain storage size through use of relative values includes: receiving, by a blockchain node in a blockchain network that manages a blockchain, a plurality of blockchain data values, each including unspent transaction outputs, at least one destination address, and, for each destination address, an original currency amount; identifying a base value; modifying the original currency amount included in each blockchain data value to be a relative currency amount based on a difference between the identified base value and the original currency amount; generating a new block, the new block including a block header and the modified plurality of blockchain data values; and transmitting the generated new block to a plurality of additional nodes in the blockchain network.

PATENT: Recordation of device usage to public/private blockchains; US,11,580,535 B2; 2/14/2023; CPC G06Q 20/382; 15 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: A personal blockchain is generated as a cloud-based software service in a blockchain environment. The personal blockchain immutably archives usage of any device, perhaps as requested by a user. However, some of the usage may be authorized for public disclosure, while other usage may be designated as private and restricted from public disclosure. The public disclosure may permit public ledgering by still other blockchains, thus providing two-way public/private ledgering for improved record keeping. Private usage, though, may only be documented by the personal blockchain.

PATENT: Deploying physical diamond tokens on a blockchain; US,11,580,536 B2; 2/14/2023; CPC G06Q 20/3825; 19 claims; assigned to Diamond Standard Inc.

ABSTRACT: A diamond asset comprising one or more diamonds and an encryption chip is used to asset-back a cryptographic token that can be used to conduct transactions. The cryptographic token is written to a blockchain using a smart contract that is configured to enable a transaction associated with the token in response to two or more of: a signature by the encryption chip, a signature by the owner of the diamond asset, and a validation of a visual layout of the diamond asset.

PATENT: Blockchain-based trustable guarantees; US,11,580,539 B2; 2/14/2023; CPC G06Q 20/389; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co. Ltd.

ABSTRACT: Disclosed herein are methods, systems, and apparatus for processing blockchain-based guarantee information. One of the methods includes receiving a first cyphertext of a first digital document specifying a guarantee from a first computing device associated with at least a first guarantor and one or more zero-knowledge proofs (ZKPs) related to one or more values associated with the guarantee, and the first digital document specifies one or more predetermined conditions of executing the guarantee; verifying that the one or more ZKPs are correct; storing the first cyphertext to a blockchain based on performing a consensus algorithm; receiving a first message from a second computing device associated with a beneficiary or a representative of the beneficiary.

PATENT: Distributed database stored at an edge application; US,11,580,542 B2; 2/14/2023; CPC G06Q 20/401; 17 claims; assigned to Dwolla, Inc.

ABSTRACT: Systems and methods for reducing latency in transactions are described herein. In an embodiment, an application edge acts as a system of record for an application. When a client computing device sends a request to perform a transaction to the application, the application edge receives the request and, without forwarding the request to a backend computing network, searches a transaction datastore stored at the application edge for the account balance and responds to the client computing device with the account balance. The client computing device then determines that a transaction can be performed and sends a request to perform the transaction to the application. The application edge passes this request to the backend computing network which performs the requested transaction. The application edge then uses a webhook infrastructure to update each transaction datastore stored at the application edge.

PATENT: Risk determination enabled crypto currency transaction system; US,11,580,551 B2; 2/14/2023; CPC G06Q 20/4016; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Systems and methods for providing risk determination in a crypto currency transaction include receiving, through a network via a broadcast by a first payer device, a first crypto currency transaction that includes a first payee public address. A first request for a determination of risk associated with the first crypto currency transaction is then identified in the first crypto currency transaction, with the first request including risk criteria. A first payee involved in the first crypto currency transaction is then identified using the first payee public address, and first payee risk information is accessed via at least one external risk information database based on the identification of the first payee. If it is determined that the first payee risk information satisfies the at least one risk criteria in the first request, the first crypto currency transaction is provided for addition to a block in a crypto currency public ledger.

PATENT: System, method, and computer program product for determining an event in a distributed data system; US,11,580,552 B2; 2/14/2023; CPC G06Q 20/4016; 20 claims; assigned to Visa International Service Association.

ABSTRACT: A method for preventing duplicate processing of a payment transaction includes: generating a first data structure with a first predetermined time interval and generating a second data structure with a second predetermined time interval. A first overlap region and second overlap region of the first and second predetermined time interval are defined by a same time interval. The method includes receiving first transaction data associated with a first payment transaction, receiving second transaction data associated with a second payment transaction, and determining based on a first transaction ID and a second transaction ID, that the second payment transaction is a duplicate of the first payment transaction. A computer program product and system for preventing duplicate processing of a payment transaction are also disclosed.

PATENT: Distributed crypto-currency smart order router with cost calculator; US,11,580,600 B2; 2/14/2023; CPC G06Q 40/04; 15 claims; assigned to CoinRoutes Inc.

ABSTRACT: A distributed cryptocurrency smart order router (DCCSOR) is disclosed, which allows clients to keep control of their own private and exchange keys to their wallets and accounts, but can execute orders across multiple exchanges simultaneously.

PATENT: Using a distributed ledger to determine fault in subrogation; US,11,580,606 B2; 2/14/2023; CPC G06Q 40/08; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: Systems and methods are disclosed with respect to using a blockchain for managing the subrogation claim process related to a vehicle accident, in particular, determining fault as part of the subrogation process. An exemplary embodiment may include receiving an electronic notification of a vehicle collision; receiving sensor data (such as telematics, image, audio, vehicle operational, or other sensor data) related to the vehicle collision; determining a percentage of fault of the vehicle collision for one or more vehicles, vehicle systems, and/or drivers based upon, at least in part, analysis of the sensor data collected; and creating a blockchain for the vehicle collision with one or more links to the sensor image data and an indication of the percentage of fault(s) determined to facilitate blockchain-based claim handling.

February 7, 2023

Total CPC G06Q Subclass (business methods) patents issued:  124

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain enabled crowdsourcing; US 11,574,268 B2; 2/7/2023/ CPC G06Q 10/06315; 21 claims; assigned to IBM.

ABSTRACT: A method, computer system, and a computer program product for blockchain enabled crowdsourcing is provided. The present invention may include receiving an asset from a content provider. The present invention may also include deploying a smart contract based on the received asset, wherein the deployed smart contract includes a plurality of compensation rules. The present invention then may include partitioning the received asset into a plurality of fragments based on the deployed smart contract. The present invention may further include releasing the partitioned plurality of fragments into a blockchain network. The present invention may also include tracking each fragment within the released plurality of fragments using the smart contract.

PATENT: Methods for exchanging and evaluating virtual currency; US 11,574,291 B2; 2/7/2023/ CPC G06Q 20/0658; 13 claims; assigned to Bprotocol Foundation and Localcoin Ltd.

ABSTRACT: There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to the first cryptocurrency token; performing the transaction by executing, by the secure ledger network, the smart contract; and updating the secure ledger about a completion of the transaction.

PATENT: Blockchain-based method and system for specifying the recipient of an electronic communication; US 11,574,303 B2; 2/7/2023/ CPC G06Q 20/3825; 17 claims; assigned to nChain Licensing AG.

ABSTRACT: The invention provides a method and corresponding system for controlling a blockchain transaction output and/or specifying the recipient of the output. It also provides a method of controlling and/or generating an electronic communication. The invention is a blockchain-implemented solution, which may or may not be the Bitcoin blockchain. In a preferred embodiment of the invention, the method may comprise the step of sending an electronic notification to a notification address which is provided as metadata within an unlocking script of an input of a transaction (Txi) on a blockchain. The unlocking script is provided in order to spend an output from a further transaction (Tx2) on the blockchain. The input of the transaction (Txi) and/or the output of the further transaction (Tx2) may be associated with a tokenised asset represented on, or referenced via, the blockchain. The notification address may be associated with an asset or resource represented on the blockchain, or a controller of an asset or resource represented on the blockchain. The notification address may be a network address, a cryptographic key, a uniform resource locator (URI), email address or any other address or identifier which can be represented in the metadata of a transaction script and used as a destination for an electronic communication.

PATENT: Blockchain-based dynamic payterm generator; US 11,574,304 B2; 2/7/2023/ CPC G06Q 20/3825; 21 claims; assigned to Bank of America Corporation.

ABSTRACT: Systems, methods, and apparatus are provided for a dynamic contract payment term (“payterm”) generator. A machine learning algorithm may generate a replacement payment term for a contract based on market-based parameters and blockchain metadata for the contract. The blockchain metadata may encode hierarchical interdependencies between contracts using blockchain encryption. The blockchain metadata may be applied to auto-generate machine learning inputs for related contracts having interdependent payment terms. The machine learning inputs may include contract parameters that have been extracted and encrypted as blockchain metadata, as well as market-based parameters extracted from enterprise sources.

PATENT: Extensible electronic payment schema; US 11,574,305 B2; 2/7/2023/ CPC G06Q 20/389; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: In one arrangement, a non-transitory computer readable media having computer-executable instructions embodied therein that, when executed by at least one processor of a computing system, cause the computing system to process an electronic transaction using a schema. The schema includes a first unique entity object identifier identifying a sender, a second unique entity object identifier identifying a receiver, and a first transaction object identifier identifying the transaction. The first transaction object identifier is located at a top level of a hierarchy of a plurality of transaction object identifiers. The schema further includes transaction information comprising the first unique entity object identifier, the second unique entity object identifier, and the unique transaction object identifier.

PATENT: Intelligent assertion tokens for authenticating and controlling network communications using a distributed ledger; US 11,574,308 B2; 2/7/2023/ CPC G06Q 20/401; 20 claims; assigned to EYGS LP.

ABSTRACT: A method for generating and controlling intelligent assertion tokens includes generating a first assertion token, during a first step of a supply chain process. The first assertion token is inspected to determine validity. If the first assertion token is not valid, the receipt of the first assertion token is rejected. If the first assertion token is determined to be valid, the use of the first assertion token in further transmissions and/or transactions is authorized. The first assertion token can be passed to a second step of the supply chain process, and a second assertion token may be generated based on the first assertion token. Upon receipt of the second assertion token, it is inspected to determine validity. If not valid, the transmission and/or transfer of the second assertion token is rejected. If valid, the transmission and/or transfer of the second assertion token to a further step of the supply chain process or to a customer is authorized.

PATENT: System for verification and management for non-fungible tokens; US 11,574,319 B2; 2/7/2023/ CPC G06Q 30/0185; 30 claims; assigned to Scientia Patents Est II, LLC.

ABSTRACT: A computerized system for verification and management of a digital asset, including an immutable digital asset, comprising: a computer system a sensor and a set of non-transitory computer readable instructions that can include instructions adapted for: receiving a digital asset from a creator of the digital asset; receiving significant information wherein the significant information is taken from a group consisting of date, time, event, individual, team, organization, notation, and any combination thereof; receiving identification information using the sensor of the creator; retrieving location information representing a physical location where the identification information is received, and the computer system is located; retrieving date and time information from the computer system; creating a digital asset record that includes a unique identifier associated with the digital asset, identification information, location information, and date and time information; and storing the digital asset record on the persistent storage.

PATENT: Systems and methods for providing utilities based on blockchain-specific populations of unique digital articles; US 11,574,329 B2; 2/7/2023/ CPC G06Q 30/0209; 20 claims; assigned to Mythical, Inc.

ABSTRACT: Systems and methods to provide utilities based on blockchain-specific populations of unique digital articles in an online gaming platform are disclosed. Exemplary implementations may execute instances of a game; manage user accounts, including a first user account having a first account inventory that includes a first unique digital article; receive a first recordation request to record ownership of the first unique digital article on a first decentralized ledger; determine a size of a set or population of unique digital articles that include the first unique digital article; determine a fraction of the set or population of unique digital articles recorded on the first decentralized ledger; receive a first reward request for a first reward; compare the determined fraction with a threshold value; based on the comparison, provide either the first reward or else provide no award or a smaller award.

PATENT: Decentralized computer systems and methods for using a debit network as an intermediary between distributed ledgers; US 11,574,333 B2; 2/7/2023/ CPC G06Q 30/0226; 20 claims; assigned to Worldpay, LLC.

ABSTRACT: Decentralized computer systems and methods are disclosed for using a debit network as an intermediary between distributed ledgers. One method includes: receiving, at a first blockchain network from a merchant, transaction information comprising a consumer identification, an issuer identification from a payment vehicle presented for a transaction, and a transaction amount in resources of a first type, wherein the merchant and/or its acquirer are participants of the first blockchain network but the consumer and/or issuer are not participants of the first blockchain network; sending the transaction information to a debit network; identifying, using the debit network, a second blockchain network having the consumer and/or the issuer as participants, using the received consumer identification or issuer identification; and if participants of the second blockchain network accept the transaction, generating a new immutable entry to the second blockchain network indicating a change in the resources of a second type.

PATENT: Methods and systems for regulating operation of units using encryption techniques associated with a blockchain; US 11,574,334 B2; 2/7/2023/ CPC G06Q 30/0229; 17 claims; assigned to Fidelity Information Services, LLC.

ABSTRACT: Methods and systems for regulating generation of units according to at least one encryption technique associated with a blockchain are disclosed. In some embodiments, a system includes a communication device configured to communicate with a computing device executing an application and a processor configured to execute instructions to perform operations. The operations include receiving transaction information describing a transaction; based on the transaction, determining product awards for at least one product awards program for the transaction; using the blockchain, determining a real-time conversion rate for the transaction, where the real-time conversion rate is regulated by the at least one encryption technique; based on the real-time conversion rate, converting the product awards to units; and entering into the blockchain encrypted data associated with the transaction, wherein the encrypted data is encrypted according to the at least one encryption technique.

January 24, 2023

Total CPC G06Q Subclass (business methods) patents issued:  176

Financial industry business method patents reviewed herein:   10

PATENT: System, method and program product for generating and utilizing stable value digital assets; US 11,562,333 B1; 1/24/2023; CPC G06Q 20/065; 31 claims; assigned to Gemini IP, LLC.

ABSTRACT: The present invention generally relates to a method, system and program product for generating a stable value digital asset tied to a blockchain.

PATENT: Method and system for facilitating ATM transactions using blockchain; US 11,562,335 B2; 1/24/2023; CPC G06Q 20/1085; 14 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for on-behalf ATM processing via blockchain includes: receiving, by a receiver of an automated teller machine (ATM), a transaction identifier; receiving, by an input device interfaced with the ATM, a withdrawal amount; identifying, by the ATM, a blockchain transaction in one of a plurality of blocks comprising a blockchain, wherein the blockchain transaction includes at least the transaction identifier and a current balance; and processing, by the ATM, withdrawal of the withdrawal amount based on the current balance, where processing includes dispensing, by a dispenser interfaced with the ATM, currency equivalent to the withdrawal amount if the withdrawal amount is less than or equal to the current balance or displaying, by a display device interfaced with the ATM, a message indicating an insufficient balance if the withdrawal amount is greater than the current balance.

PATENT: Token management system; US 11,562,347 B1; 1/24/2023; CPC G06Q 20/367; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer system includes a token repository configured to store payment tokens, and a server system. The server system includes a processor and instructions stored in non-transitory machine-readable media, the instructions configured to cause the server system to receive a request to provision a payment token based on a financial product, wherein the request includes information related to the financial product, provision a payment token based on the token request, including authenticating the financial product based on the financial product information and generating the payment token upon authenticating the financial product, wherein the payment token is useable to make a payment via the financial product, and store the payment token in the token repository.

PATENT: Digital wallet promotions through tokenization platform; US 11,562,335 B2; 1/24/2023; CPC G06Q 20/3672; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: Provided are systems and methods enabling enrollment in promotions via a tokenization platform. In one example, the method may include establishing a network communication channel between a tokenization platform and a digital wallet of a user device, transmitting a promotion from the tokenization platform to the digital wallet on the user device via the established network communication channel, receiving authorization to accept the promotion at the tokenization platform from the digital wallet on the user device, and identifying tokenized payment account information of the digital wallet stored at the tokenization platform and automatically transmitting information about the tokenized payment account information of the digital wallet information from the tokenization platform to a promotion enrollment system associated with the promotion. The example embodiments use existing payment network infrastructure to provide seamless promotional enrollment through a tokenization platform instead of a standalone website.

PATENT: Method and system for gross settlement by use of an opaque blockchain; US 11,562,353 B2; 1/24/2023; CPC G06Q 20/3827; 14 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for confirmation of an electronic transaction using a blockchain includes: receiving transaction data, the transaction data including a transaction amount and currency code; generating a transaction message formatted based on one or more standards including a first data element configured to store the transaction amount, a second data element configured to store the currency code, and a third data element configured to store an invoice identifier; transmitting the transaction message to a financial institution via a payment network; receiving a return message from the financial institution via the payment network formatted based on the one or more standards and including a data element configured to store the transaction amount, currency code, and invoice identifier; and generating a hash value based on application of hashing algorithms to the transaction amount, currency code, and invoice identifier stored in the data element included in the received return message.

PATENT: Hardware and token based user authentication; US 11,562,363 B2; 1/24/2023; CPC G06Q 20/40145; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Systems and methods for data visualization are disclosed. An example method includes: obtaining, via a user device, first user biometric data from a user; comparing the first user biometric data with first stored user biometric data. The first stored user biometric data are stored in a hardware secure element of the user device. The method further includes: determining that the first user biometric data matches the first stored user biometric data; and in response to the determining, transmitting a payment token to a merchant device. The payment token is configured to enable a payment to be made from a payment account associated with the user to a merchant associated with the merchant device.

PATENT: Blockchain-based data verification method, apparatus, and electronic device; US 11,562,375 B2; 1/24/2023; CPC G06Q 30/0185; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: The present application provides blockchain-based anti-counterfeiting methods, apparatuses, and systems. One method includes: obtaining an anti-counterfeiting verification request submitted by a user for a product; initiating anti-counterfeiting verification of the product in response to the anti-counterfeiting verification request, wherein the anti-counterfeiting verification comprises integrity verification of anti-counterfeiting information generated by a plurality of anti-counterfeiting participants on a blockchain, wherein the anti-counterfeiting information comprises a plurality of types of anti-counterfeiting identification information corresponding to the product; and returning an anti-counterfeiting verification result for the product to the user.

PATENT: System and method for optimizing order placement in an order queue in an electronic trading environment; US 11,562,426 B2; 1/24/2023; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: Systems and methods for optimizing order placement in an electronic trading environment are provided. Global queue holder orders are placed in a tradeable object to reserve quantity for traders. Traders may submit order requests for quantity at price levels at which a global queue holder order is holding quantity. When a trader submits an order for a quantity at a price level at which quantity is being held, a gateway compares the order to the global queue holder order information stored in a database. If the trader's order coincides with a price level at which quantity is held, then the gateway virtually transfers ownership of that quantity to the trader, who then assumes the advantageous queue position. When the quantity associated with the order is filled, the fill information is sent to the gateway, which to the database to determine which trader is associated with the filled order quantity.

PATENT: Customizable macro-based order entry protocol and system; US 11,562,427 B2; 1/24/2023; CPC G06Q 40/04; 20 claims; assigned to Nasdaq, Inc.

ABSTRACT: The present technology is related to employing a template/macro-based order entry system. An initial order data message contains a macro that establishes the initial parameters for an order and a unique ID is associated with the template. Subsequent, and potentially smaller sized data messages contain the unique ID as well as relevant order details for placing an order. Of course, the technology described herein envisions a much broader concept of reducing message sizes to help improve overall latency and is not limited to order entry.

PATENT: System and method for providing market updates in an electronic trading environment; US 11,562,431 B2; 1/24/2023; CPC G06Q 40/04; 18 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.

January 17, 2023

Total CPC G06Q Subclass (business methods) patents issued:  152

Financial industry business method patents reviewed herein:   10

PATENT: Block creation based on transaction cost and size; US 11,556,874 B2; 1/17/2023; CPC G06Q 10/06315; 12 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of receiving blockchain transactions, sorting an order of the blockchain transactions, simulating committance processing of the plurality of blockchain transactions to identify mining costs associated with each of the plurality of blockchain transactions, and applying one or more heuristic procedures to select one or more of the plurality of blockchain transactions which maximize a result associated with a next blockchain block.

PATENT: Enforcing multi-use constraints on a blockchain; US 11,556,906 B2; 1/17/2023; CPC G06Q 20/065; 14 claims; assigned to IBM.

ABSTRACT: A blockchain configuration may be used to store a distributed ledger for information security and accessibility. One example method of operation may include one or more of logging an asset in a blockchain, identifying a sub-asset linked to the asset, creating a use constraint for the sub-asset, logging the use constraint associated with the sub-asset, and during an access attempt of the sub-asset, prohibiting access to the sub-asset based on the use constraint.

PATENT: Method and system for conversion of digital assets to fiat currency; US 11,556,922 B2; 1/17/2023; CPC G06Q 20/381; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for conversion of digital assets to fiat currency using a secondary blockchain and mirrored accounting includes: receiving transaction data corresponding to a first blockchain transaction processed using a first blockchain, the transaction data including a payer identifier, recipient identifier, and blockchain currency amount; validating an entity as an authorized entity associated with the payer identifier; determining a fiat currency amount based on the blockchain currency amount; generating a second blockchain transaction, the second blockchain transaction including an unspent transaction output, destination address associated with the authorized entity, and the blockchain currency amount and/or the fiat currency amount; confirming addition of the second blockchain transaction to a second blockchain; and initiating a transfer for the fiat currency amount from a first transaction account to a second transaction account, the second transaction account being associated with the authorized entity.

PATENT: Blockchain enabled service request system; US 11,556,923 B2; 1/17/2023; CPC G06Q 20/3821; 16 claims; assigned to Visa International Service Association.

ABSTRACT: Systems and methods for establishing and fulfilling a smart contract between users and service providers are disclosed. A method includes creating, by one or more nodes in a computer network, a smart contract in response to a request from a user for services and providing the smart contract to a blockchain. The method then includes notifying service providers of the smart contract and receiving responses to the notifications from the service providers. Then the method includes identifying one or more service providers that can complete the service. The method then includes updating the smart contract to include data about the identified service providers. The updated smart contract includes account information for a user account of the user, and account information for service provider accounts of the identified service providers. Then a value interaction is initiated that pushes value from the user account to the service provider accounts.

PATENT: Blockchain-based payment withholding and agreement signing method, apparatus, and electronic device; US 11,556,924 B2; 1/17/2023; CPC G06Q 20/3825; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Computer-implemented methods, non-transitory, computer-readable media, and computer-implemented systems for blockchain-based payment withholding and agreement signing are described. In one computer-implemented method, an agreement signing transaction submitted by a user is received and used to authorize a payment system to provide a payment withholding service for a payment order of the user in a third-party service system. The agreement signing transaction includes agreement signing information of a tripartite agreement submitted by the user. Withholding verification logic declared in a first smart contract published on the blockchain is invoked to check whether there is a withholding agreement signed between the payment system and the third-party service system on the blockchain. If yes, the tripartite agreement is created that authorizes the payment system to provide the payment withholding service for the payment order for the user and published to the blockchain for certificate storage.

PATENT: Ensuring information fairness and input privacy using a blockchain in a competitive scenario governed by a smart contract; US 11,556,925 B2; 1/17/2023; CPC G06Q 20/3829; 17 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of initializing a smart contract (SC) and appending it to a blockchain, registering each of a plurality of participants as a party to the SC, receiving from at least some of the participants an encrypted confidential input commitment, appending the encrypted input commitments to the blockchain, decrypting the encrypted input commitments, executing by the SC at least one business rule using the decrypted input commitments to obtain a business rule result, and identifying a prevailing participant based at least in part on the business rule result.

PATENT: Method for approving use of card by using blockchain-based token id and server using method; US 11,556,926 B2; 1/17/2023; CPC G06Q 20/385; 17 claims; assigned to CoinPlug, Inc.

ABSTRACT: The present disclosure relates to a method for approving the use of a card by using a token-ID, wherein, in a state where a card token ID, identification information of a user, a push token ID, and a public key of the user are registered in a blockchain database and a blockchain transaction ID corresponding thereto is managed, when payment request information is acquired, a relay server: requests authentication of order data from a user terminal; checks whether a user signature value obtained in response to the authentication request is valid, and registers the order data in the blockchain database; and registers, in the blockchain database, approval result information which is obtained through verification of the order data by a financial server, and transmits the approval result information to at least one of a service providing terminal and the user terminal.

PATENT: Method and system for using recycling to improve blockchain mining; US 11,556,948 B2; 1/17/2023; CPC G06Q 30/0208; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for awarding blockchain mining fees based on recycling efforts includes: receiving recycling data for each of a plurality of mining systems including an amount of recycled materials associated with the respective mining system; receiving validation data for each mining system from third party entities including, for each mining system, a confirmation of the amount of recycled materials for the respective recycling data; selecting one of the mining systems, which is weighted based on the amount of recycled materials for the respective mining system compared to a total amount of recycled materials for all mining systems; and receiving a new block generated by the selected mining system including a block header and a plurality of blockchain data values including a blockchain data value corresponding to a blockchain transaction for payment of mining fees for the new block to a wallet associated with the selected mining system.

PATENT: Blockchain subrogation payments; US 11,556,994 B1; 1/17/2023; CPC G06Q 40/08; 14 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: A shared ledger operated by a group of network participants according to a set of consensus rules manages and resolves subrogation claims between a clamant and a defendant. Evidence regarding the value of the subrogation claim is sent to the shared ledger by entities involved in the claim such as sending to a smart contract deployed on the shared ledger. The parties to the subrogation claim may supplement evidence and settlement proposals on the blockchain by broadcasting a transaction or sending data to the smart contract. Once the claim is resolved, the parties may settle the subrogation payment off-chain or may transact a token having value on the chain. A subrogation smart contract may be programmed to release funds under certain conditions including holding a bond by a claimant and/or upon final resolution of the subrogation claim.

PATENT: Blockchain-based system and method for document transformation and accountability; US 11,556,011 B1; 1/17/2023; CPC G06Q 50/16; 20 claims; assigned to Side, Inc.

ABSTRACT: A blockchain-based method for document transformation and accountability is provided. Document templates for real property transfer are maintained. Each template includes data fields. Some of the document templates are collected as transaction documents for a transaction for the property transfer. The data fields are populated with received data values. Compliance checking is performed on the populated data values. The checked transaction documents are provided to a network having a first tier of network nodes and a second tier of supernodes. One of the supernodes is selected to validate the transaction documents. The validated transaction documents are added to a ledger of transactions. A hash of the validated transaction documents is transmitted to the first tier. One of the network nodes is selected to commit the hash to a blockchain of the first tier. The hash is committed to copies of the blockchain.

January 10, 2023

Total CPC G06Q Subclass (business methods) patents issued:  169

Financial industry business method patents reviewed herein:   10

PATENT: Method for producing a cryptographical signed transaction; US 11,551,205 B2; 1/10/2023; CPC G06Q 20/3825; 5 claims; assigned to PLC Group AG.

ABSTRACT: The invention relates to a method for producing a cryptographically signed transaction for the transfer of an amount of a currency within a blockchain. The transaction comprises one or more inputs and one or more outputs. The method comprises: retrieving the one or more inputs, the inputs being a reference to one or more previous transactions, determining the one or more outputs, each output defining an amount to be transferred to a receiver indicated in the respective output, adding security information, the security information defining directly or indirectly a maximum amount to be spent with the transaction, and cryptographically signing the transaction by adding signature information.

PATENT: Methods, blockchain nodes, and storage media for deploying smart contract; US 11,551,206 B2; 1/10/2023; CPC G06Q 20/3825; 15 claims; assigned to Alipay (Hangszhou) Information Technology Co. Ltd.

ABSTRACT: A computer-implemented method, non-transitory, computer-readable medium, and computer-implemented system are provided for deploying a smart contract in a blockchain network. The computer-implemented method includes: receiving, by a blockchain node in a blockchain network, a transaction for creating a smart contract, wherein the transaction comprises machine codes of the smart contract, and the machine codes of the smart contract are obtained by a compilation service provider performing Ahead of Time (AoT) compilation on bytecodes of the smart contract; determining, by the blockchain node, that the machine codes of the smart contract are obtained by a trusted compilation service provider; and in response to determining that the machine codes of the smart contract are obtained by the trusted compilation service provider, completing, by the blockchain node, a deployment of the smart contract.

PATENT: Expedited virtual currency transaction system; US 11,551,207 B2; 1/10/2023; CPC G06Q 20/3829; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Expedited virtual currency transactions are provided by identifying a first user primary wallet associated with a virtual currency and including a first user primary wallet private key. First user secondary wallets are created that each include a respective first user secondary wallet private key, and a respective virtual currency transaction is performed using the first user primary wallet private key to transfer predefined amounts of the virtual currency from the first user primary wallet to each of the first user secondary wallets such that first user secondary wallets are provided with different predefined amounts of the virtual currency. Subsequently, an instruction is received to transfer a payment amount to a second user, and the second user is allocated a subset of the first user secondary wallet private keys included in respective first user secondary wallets that are associated with predefined amounts of the virtual currency that equal the payment amount.

PATENT: Methods and systems for management of a blockchain-based computer-enabled networked ecosystem; US 11,551,212 B2; 1/10/2023; CPC G06Q 20/389; 17 claims.

ABSTRACT: In an example, an ecosystem is disclosed that may facilitate digital exchange of a digital asset stored as a computer executable file. The ecosystem may include a plurality of participant systems, wherein the plurality of participant systems may include at least one of an asset user system, an asset holder system, and an asset mining system. The ecosystem may include an asset wrapper associated with the digital asset and configured in the form of a multi-layered structure and computer-executable document. The ecosystem may include a codec configured as a computer executable file and associated with the asset wrapper, wherein the codec may be executed when an external request for the asset exchange is initiated. The ecosystem may include a blockchain device to execute a blockchain smart contract for the asset exchange, wherein the smart contract is executed against a pre-defined number of right tokens characterizing a specific cryptocurrency-value.

PATENT: Transaction security on distributed-ledger based MaaS platform; US 11,551,216 B2; 1/10/2023; CPC G06Q 20/401; 23 claims; assigned to Sony Corporation.

ABSTRACT: A system and method for implementation of transaction security on a distributed ledger-based Mobility-as-a-Service (MaaS) platform is provided. The system includes a message broker device which receives a transaction request associated with a transport service from a publisher node of a transportation provider. The message broker device routes, via an API gateway hosted on the message broker device, the transaction request to a subscriber node of the transportation provider. The API gateway validates the transaction request based on application of a set of security rules on the transaction request. The subscriber node is associated with a first node of a distributed ledger node that stores a first state object. The first state object includes transaction data associated with the transport service. The distributed ledger node receives the validated first transaction request from the API gateway, via the subscriber node and updates the transaction data based on the received transaction request.

PATENT: Payslip verification for blockchain transaction; US 11,551,229 B2; 1/10/2023; CPC G06Q 20/4016; 11 claims; assigned to ADP, Inc.

ABSTRACT: A computer-implemented method, system, and computer program product for reducing fraud based on a forged or altered payslip. A blockchain is configured for recording transactions. A payslip is prepared having information regarding an employee. At least one hash is provided for a portion of the information. The at least one hash and the portion of the information is recorded in the blockchain as a blockchain transaction. A barcode is configured to act as a pointer for locating the blockchain transaction. The barcode is inserted into a barcode location on the payslip. The payslip is delivered to the employee.

PATENT: Distribution of electronic market data; US 11,551,297 B2; 1/10/2023; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International Inc.

ABSTRACT: A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.

PATENT: Trade action confirmation tool; US 11,551,299 B2; 1/10/2023; CPC G06Q 40/04; 9 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Systems, methods, and apparatus for confirming trade actions are disclosed. An example method includes displaying a trade action cell corresponding with a trade action, receiving an initiation command, determining that the trade action was initiated based on the initiation command, receiving a confirmation command, wherein the confirmation command is a selection of the same trade action cell, and executing the trade action based on reception of the confirmation command.

PATENT: Dynamic strategy management tool; US 11,551,301 B2; 1/10/2023; CPC G06Q 40/04; 10 claims; assigned to Trading Technologies International Inc.

ABSTRACT: Example methods, apparatus, and computer readable storage media are described and disclosed. An example method includes depicting a strategy node in a graphical user interface presented by a computing device. The strategy node represents a trading strategy associated with two or more tradeable objects. The example method includes generating a graphical connector between the strategy node and one of a plurality of contract nodes including at least a first contract node and a second contract node. Each contract node represents a contract associated with one of the tradeable objects. The example method includes repositioning, in response to an input received via the graphical interface, an endpoint of the graphical connector from the first contract node specified by the trading strategy to the second contract node. The example method also includes generating an updated trading strategy based on the trading strategy and the second contract node.

PATENT: Method and apparatus for determining evidence authenticity based on blockchain ledger; US 11,551,319 B2; 1/10/2023; CPC G06Q 50/18; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed are a method and apparatus for determining evidence authenticity based on a blockchain ledger. The method includes: identifying target electronic evidence, providing a relatively high authenticity reference score for the target electronic evidence in response to that it is determined that the target electronic evidence is stored by at least one candidate blockchain ledger platform, and providing a relatively low authenticity reference score for the target electronic evidence in response to that it is determined that the target electronic evidence is not stored by at least one candidate blockchain ledger platform. If the target electronic evidence corresponds to a relatively high authenticity reference score, it indicates that the identified target electronic evidence has a relatively high degree of authenticity (possibility of being authentic) and a relatively low possibility of being tampered with.

January 3, 2023

Total CPC G06Q Subclass (business methods) patents issued:  176

Financial industry business method patents reviewed herein:   10

PATENT: Method for providing online ticket service by using blockchain network and server using the same; US 11,544,640 B2; 1/3/2023; CPC G06Q 10/04; 22 claims; assigned to Coinplug, Inc.

ABSTRACT: The present invention relates to a method for providing an online ticket service by using a blockchain network, comprising steps of: (a) in response to acquiring ticket reservation information corresponding to a ticket purchased by a purchaser from a ticket sale server, creating a ticket token corresponding to the ticket by referring to the ticket reservation information, and registering generated information on the ticket token in a distributed ledger of a blockchain network; and (b) transmitting the ticket token to a seller token wallet corresponding to the seller of the ticket, thereby (i) causing the seller token wallet to transmit the ticket token to a user token wallet corresponding to the user of the ticket, and (ii) registering movement information of the ticket token from the seller token wallet to the user token wallet in the distributed ledger of the blockchain network.

PATENT: Rapid and secure off-ledger cryptocurrency transactions through cryptographic binding of a private key to a possession token; US 11,544,701 B2; 1/3/2023; CPC G06Q 20/3672; 20 claims; assigned to The Onli Corporation.

ABSTRACT: Disclosed is a method, a device, and/or a system of rapid and secure off-ledger cryptocurrency transactions through cryptographic binding of a private key to a possession token. In one embodiment, a method for rapid and secure ledger-less transfer of a quantity of cryptocurrency includes generating a public-private key pair, securely storing the private key and utilizing the public key as a public address. The method verifies a ledger transaction on a distributed ledger network associated the quantity of cryptocurrency with the public address. The method generates a possession token having a state indicated by a state indicator. The state evolves upon transfer between two computing devices. The method cryptographically associates the ledger token and the possession token through incorporation of the public address into data generating the state indicator. The possession token is transferred to a computing device over the network while retaining the private key in secure custody.

PATENT: Digital wallet for the provisioning and management of tokens; US 11,544,703 B2; 1/3/2023; CPC G06Q 20/3674; 10 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Disclosed are methods and systems for associating payment card credentials with a companion application. In an embodiment, a consumer's mobile device processor receives an instruction to launch a companion application, displays a companion application user interface, and receives selection of an option to obtain payment card credentials from at least one wallet application. The process also includes displaying a list of payment card accounts associated with the selected wallet application for association with the companion application, receiving a selection of at least one payment card account, transmitting payment account credentials of the selected payment account to a wallet server computer, receiving a companion token representing a digitization of the selected payment card account from the wallet server computer, and associating the companion token with the companion application.

PATENT: User controlled storage and sharing of personal user information on a blockchain; US 11,544,708 B2; 1/3/2023; CPC G06Q 20/389; 20 claims; assigned to eBay Inc.

ABSTRACT: Technologies are shown for secure management of personal information data involving storing personal information data in a personal information data block and committing the personal information data block to a personal information data blockchain and authorizing access to the personal information data by a platform entity by storing a platform identifier corresponding to the platform entity in authorized access data. An access request is received from the platform entity that includes the platform identifier for the first platform entity. If the platform identifier is verified to be in the authorized access data, the personal information data is obtained from the personal information data blockchain and returned to the platform entity. In some examples, the authorized access data includes permissions that identify portions of the personal information data that the platform entity can access. In other examples, the authorized access data is secured on an authorized access data blockchain.

PATENT: System and method for analyzing credibility of cryptocurrency-related information; US 11,544,725 B2; 1/3/2023; CPC G06Q 30/0202; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Embodiments disclosed herein provide for analyzing cryptocurrency-related information using artificial intelligence. The system and methods provide for: a credibility analysis engine configured to determine the credibility of the cryptocurrency-related information; an artificial intelligence engine configured to predict a cryptocurrency market trend based on the credibility of the cryptocurrency-related information; and a processor is configured to generate and execute a personalized trading decision based on the predicted cryptocurrency market trend.

PATENT: System and method of a smart contract and distributed ledger platform with blockchain custody service; US 11,544,782 B2; 1/3/2023; CPC G06Q 40/025; 24 claims; assigned to Strong Force TX Portfolio 2018, LLC.

ABSTRACT: A system and method of a smart contract and distributed ledger platform with blockchain custody service includes a blockchain service circuit structured to interface with a distributed ledger; a data collection circuit structured to receive data related to items of collateral or data related to environments of the items of collateral; a valuation circuit structured to determine a value for each of the plurality of items of collateral based on a valuation model and the received data; and a smart contract circuit structured to interpret a smart lending contract for a loan, and to modify the smart lending contract by assigning, based on the determined value for each of the items of collateral, at least a portion of the items of collateral as security for the loan such that the determined value of the items of collateral is sufficient to provide security for the loan.

PATENT: Systems and methods for provably fair atomic swaps of private digital assets; US 11,544,786 B2; 1/3/2023; CPC G06Q 40/04; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Embodiments may include a two-round-trip protocol by which two parties can securely conduct an already-agreed-upon exchange of digital assets (i.e., in the provable absence of settlement risk). For example, in the first round of the protocol, each party may send to a specially designed “settlement contract” the “statement” corresponding to the party's portion of the proposed bilateral transaction (e.g., how much asset the party will transfer, and to whom), as well as a hash of the party's “proof”. Between rounds, each party checks that the other party's statement transfers to the party the agreed-upon amount. The settlement contract may then lock the proof hashes against future misuse, and in particular against use by unauthorized parties. In the second round, each party sends its proof to the settlement contract. The settlement contract then dispatches both statement-proof pairs and executes the bilateral exchange.

PATENT: Apparatus and method for providing protocol for digital asset trading; US 11,544,787 B2; 1/3/2023; CPC G06Q 40/04; 16 claims; assigned to Hong Kong Applied Science and Technology Research Institute Company Limited.

ABSTRACT: A method for a protocol in digital asset trading includes step as follow. Trading information is exchanged between the first and the second nodes, in which a first digital currency belonging to the first node and a second digital currency belonging to the second node are expected to be exchanged, and prices of the first and second digital currencies are time-dependent. An atomic swap script and a smart contract are generated. A compensation fee to be paid to the second node by the first node is computed. A redeeming or refunding event is performed in response to the atomic swap script and the smart contract with paying the compensation fee to the second node, in which the compensation fee is dependent on the prices of the first and second digital currencies such that is time-dependent.

PATENT: Systems and methods for tokenization, management, trading, settlement, and retirement of renewable energy; US 11,544,788 B1; 1/3/2023; CPC G06Q 40/04; 8 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT EXCERPT: In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for tokenization, management, trading, settlement, and retirement of renewable energy attributes may include: (1) identifying renewable energy generation data associated with a seller to tokenize; (2) generating at least one renewable energy token for the identified renewable energy generation data; (3) writing the renewable energy token to a first distributed ledger; (4) adding the renewable energy token to a digital wallet for the seller; (5) exchanging the renewable energy token for a cash token owned by a buyer by associating the renewable energy token with the buyer and associating the cash token with the seller on the first distributed ledger; and (6) retiring the renewable energy token.

PATENT: Claim settlement method and apparatus employing blockchain technology; US 11,544,794 B2; 1/3/2023; CPC G06Q 40/08; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: One or more embodiments of this application provide a claim settlement method and apparatus employing blockchain technology, which are applied to a blockchain comprising a node device of an insurer and a node device of an insured party, a first smart contract for insurance claim settlement being deployed in the blockchain. The method comprises: acquiring a first transaction for making claim settlement payment to an insured party, wherein the first transaction comprises claim settlement event data corresponding to the insured party; and calling a first smart contract, executing an insurance claim settlement logic declared in the first smart contract and corresponding to the insured party, and performing, on the basis of the claim settlement event data, claim settlement processing with respect to the insured party.

December 27, 2022

Total CPC G06Q Subclass (business methods) patents issued:  177

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for cryptocurrency transactions in aircraft; US 22,538,001 B2; 12/27/2022; CPC G06Q 20/065; assigned to Safran Passenger Innovations, LLC.

ABSTRACT: Transaction systems and methods are described for verifying transactions in a vehicle. The transactions utilize blockchains of a cryptocurrency to allow for verification of a transaction even where a live Internet connection is unavailable. The systems and methods utilize a digital wallet stored in the vehicle that allows for transactions with a passenger having a passenger digital wallet. A plurality of local nodes disposed in the vehicle store a local and updated copy of the blockchain to allow for verification of the cryptocurrency transactions even during periods of intermittent internet connectivity.

PATENT: Escrowing system for cross-blockchain third-party settlement and method thereof; US 22,538,002 B2; 12/27/2022; CPC G06Q 20/0655; assigned to Skychain Co., Ltd.

ABSTRACT: An escrowing system for cross-blockchain third-party settlement and a method thereof are disclosed. In the escrowing system, an initiating-end host and an accepting-end host escrow digital assets in smart contracts in different blockchains, respectively, and based on a result of delivery of trading entities outside the blockchain, the digital assets escrowed by the smart contracts are transferred or returned, and the arbitration host is permitted to perform trading arbitration, without managing the trading entities, to determine whether the delivery outside the blockchain succeeds. When the arbitration host determines that the delivery outside the blockchain succeeds, the arbitration host can transfer the digital assets escrowed by the initiating-end host and the accepting-end host without consent of the initiating-end host, so as to achieve a technical effect of improving reliability of escrow.

PATENT: Sharded permissioned distributed ledgers; US 22,538,003 B2; 12/27/2022; CPC G06Q 20/0655; 29 claims; assigned to Oracle International Corporation.

ABSTRACT: A sharded, permissioned, distributed ledger may reduce the amount of work and communication required by each participant, thus possibly avoiding scalability bottlenecks that may be inherent in previous distributed ledger implementations and possibly enabling the use of additional resources to translate to increased throughput. A sharded, permissioned, distributed ledger may be made up of multiple shards, each of which may also be a distributed ledger and which may operate in parallel. Participation within a sharded, permissioned, distributed ledger may be allowed only with permission of an authority. A sharded, permissioned, distributed ledger may include a plurality of nodes, each including a dispatcher configured to receive transaction requests from clients and to forward received requests to verifiers configured to append transactions to individual ones of the shards.

PATENT: Systems, methods, and apparatuses for conducting transactions between bots using distributed ledger technology in a cloud based computing environment; US 22,538,006 B2; 12/27/2022; CPC G06Q 20/102; 18 claims; assigned to /salesforce.com, Inc.

ABSTRACT: Described herein are means for conducting transactions between bots using Distributed Ledger Technology (DLT) in a cloud based computing environment. According to a particular embodiment, there is a system having at least a processor and a memory therein, in which the system is configurable with means for: operating, by a cloud service provider, an interface to a blockchain, in which each bot is a node on the blockchain; posting a transaction request to a chat log by one of the plurality of bots or an administrator; writing the transaction request, and an identification of the one of the plurality of bots or the administrator requesting the transaction, to the blockchain; negotiating consensus among the plurality of bots as nodes on the blockchain to conduct the requested transaction; and when consensus is reached: writing the transaction to the blockchain; pulling the transaction request from the chat log by one of the plurality of bots; and conducting the transaction by the one of the plurality of bots that pulled the transaction request from the chat log; and posting completion of the transaction to the chat log by the one of the plurality of bots that conducted the transaction. Other related embodiments are disclosed.

PATENT: Secure transfer between blockchains; US 22,538,023 B2; 12/27/2022; CPC G06Q 20/36; 14 claims; assigned to nChain Licensing AG.

ABSTRACT: There may be provided a computer-implemented method. It may be implemented using a blockchain such as, for example, the Bitcoin blockchain. The computer-implemented method includes: i) joining a congress by transferring, by a node operating in a proof-of-work blockchain network, one or more digital assets to a congress pool having one or more other digital assets associated with other members of a congress; ii) detecting, by the node, a special transaction of digital assets on the proof-of-work blockchain network to an address associated with the congress pool, the special transaction satisfying determined criteria; and iii) minting, by the node, one or more digital assets on a proof-of-stake blockchain network in response to detecting the special transaction.

PATENT: Integrated machine learning and blockchain systems and methods for implementing an online platform for accelerating online transacting; US 22,538,029 B2; 12/27/2022; CPC G06Q 20/382; 11 claims; assigned to Home Lending Pal, Inc.

ABSTRACT: A system and method for implementing an online service for accelerating an online transaction includes implementing an intelligent subscriber interface; automatically creating API calls based on the plurality of distinct portions of data inputs; composing corpora of subscriber data based on a return of subscriber data by each respective API; implementing a machine learning-based classifier that: infers a first classification label for a first subset of data; and infers a second classification label for a second subset of data; computing a transaction success score that indicates a likelihood of successfully completing a prospective transaction between the subscriber and prospective transacting parties; and presenting one or more distinct product routes based on the transaction success score; creating, via a distributed ledger system, a distributed ledger record of details of the prospective transaction and cryptographic token based on a mutual engagement of the subscriber and a prospective transacting party.

PATENT: Method and system for identity and access management for blockchain interoperability; US 22,538,031 B2; 12/27/2022; CPC G06Q 20/3829; 18 claims; assigned to Vijay Madisetti.

ABSTRACT: A method of generating wallets for discrete blockchain networks comprising receiving a primary and a first secondary seeds, generating an enhanced hierarchical deterministic (HD) wallet, comprising deriving an enhanced parent public key and an enhanced parent private key from the primary seed, generating a first toughened HD wallet, comprising deriving a first toughened parent public and private key pair from the first secondary seed, deriving a first toughened primary child public/private key pair from a function including as inputs the first toughened parent public/private key pair, a first parent chain code, and the enhanced parent public key, and performing an identity registration and certification procedure for both the enhanced and the first toughened HD wallets. An identify of a user associated with each of the enhanced and the first toughened HD wallets is verifiable by an external blockchain network because of the identity registration and certification procedures.

PATENT: System and method for verifying forgery of financial institution proof documents on basis of block chain; US 22,538,036 B2; 12/27/2022; CPC G06Q 20/4016; 7 claims; assigned to Coinplug, Inc.

ABSTRACT: Transaction ID information corresponding to proof certificate-verifying transaction information is transmitted to a block chain retention server if a request for proof certificate information is sensed, when the proof certificate-verifying transaction information generated by using the proof certificate information, to be provided to a customer, is recorded in a block chain retention server and the transaction ID information is managed. The proof certificate-verifying transaction information corresponding to the transaction ID information is acquired from the block chain retention server. A proof certificate index hash value used for comparison, acquired from the proof certificate information to be provided to a customer and corresponding to a request, is compared with a proof certificate-verifying index hash value acquired from the proof certificate verifying-transaction information. Verification information generated with reference to the comparison result of the proof certificate index hash value used for comparison and the proof certificate-verifying index hash value are provided.

PATENT: Blockchain-based system and method for peer-to-peer online advertising auction; US 22,538,070 B2; 12/27/2022; CPC G06Q 30/0275; 9 claims; assigned to Linkplicity GMBH.

ABSTRACT: Method for online advertising auction on a peer-to-peer network includes: deploying a smart contract to publish a need from a consumer; receiving encrypted ad bids by the smart contract; storing the received ad bids in a hash function; reducing a number of ads that can be displayed by the consumer; transmitting the ad price to the consumer via the peer-to-peer computer network, when the hashed verification code is received from the consumer verifying that the consumer has viewed the ad content within an ad-viewing period of time; transmitting a difference between the advance payment and the ad price to the advertiser, by the smart contract via the peer-to-peer network; and ending the online advertising auction.

PATENT: Cryptographic-asset collateral management; US 22,538,105 B2; 12/27/2022; CPC G06Q 40/025; 20 claims; assigned to Block, Inc.

ABSTRACT: Provided is a process, including for lending, with a smart contract executable by a decentralized computing platform, money to a borrower. The process includes securing, with the smart contract, the loan by obtaining control of cryptocurrency of the borrower and monitoring, via the smart contract, whether the cryptocurrency satisfies a loan-to-value threshold. In response to the monitoring, an amount of cryptocurrency secured with the loan can be adjusted.

December 20, 2022

Total CPC G06Q Subclass (business methods) patents issued:  131

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for maintaining transferability of title via blockchain; US 11,531,964 B1; 12/20/2022; CPC G06Q 10/10; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: The present embodiments relate to systems and methods for using a blockchain to record information related to the lifecycle of a vehicle associated with a Vehicle Identification Number (VIN), or other vehicle identifier. For example, the VIN lifecycle process may be used to ensure the transferability of title, including when information relevant to transferability is not easily determinable, such as after a collision occurs. The systems and methods may include the reception of a mileage report corresponding to a vehicle and updating a blockchain to associate the vehicle with mileage information. The systems and methods described herein may allow for using a blockchain which gives the option for private information, and permissioned participants in the blockchain. In particular, the systems and methods allow for a distributed consensus amongst businesses, consumers, and authorities, as to the validity of information and transactions stored on the blockchain.

PATENT: Tracking transactions through a blockchain; US 11,531,974 B2; 12/20/2022; CPC G06Q 20/102; 14 claims; assigned to IBM.

ABSTRACT: A security application may provide a secure digital currency for a blockchain while maintaining anonymity and security from unauthorized third parties. One example may include one of accessing a retailer site from a device, selecting one or more items for purchase, transmitting a payment option to the retailer site for the selected one or more items, receiving a payment request message from the retailer site comprising a unique identifier linked to one or more incentives, creating a payment confirmation message comprising the unique identifier and the one or more incentives, and transmitting the payment confirmation.

PATENT: Network node management on a blockchain; US 11,531,975 B2; 12/20/2022; CPC G06Q 20/223; 17 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of identifying application instances in a cluster group, receiving a request to perform a consensus decision regarding ownership of the cluster group via peer nodes of a blockchain, identifying individual consensus decision votes from the peer nodes, and performing the consensus decision based on the individual consensus decision votes.

PATENT: Method and system for optimizing blockchain parsing using a wallet's static characteristics; US 11,531,980 B2; 12/20/2022; CPC G06Q 20/36; 16 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for optimized validation of a blockchain transaction through the use of a parallel database and date management includes: receiving a new blockchain transaction that includes unspent transaction outputs; identifying, in a parallel database, a start date for a blockchain wallet involved in the new transaction; identifying a subset of blocks in the blockchain that have been added to the blockchain since the start date; validating the new blockchain transaction by validating the unspent transaction outputs using the subset of blocks; and, if the validation is successful, adding the new transaction to the blockchain, or, if the validation is unsuccessful, notifying the submitter of the failed validation.

PATENT: Digital contracts in blockchain environments; US 11,531,981 B2; 12/20/2022; CPC G06Q 20/367; 14 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as services, the contract identifier uniquely identifies a particular digital contract offered by a vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.

PATENT: Optimal transactions sharding for scalable blockchain; US 11,531,982 B2; 12/20/2022; CPC G06Q 20/3678; 20 claims; assigned to University of Florida Research Foundation and Virginia Commonwealth University.

ABSTRACT: An exemplary transaction sharding method comprises splitting a distributed ledger into a plurality of shards; and storing a shard across the subgroup of computer nodes associated with the shard. Such a method further comprises assigning a new transaction to one of the plurality of shards, wherein assigning the new transaction comprises iteratively choosing one of the plurality of shards; in each iteration, determining a transaction-to-shard score measuring a probability that a subgroup of computing nodes associated with the chosen shard for the current iteration would be involved in a same-shard transaction for the new transaction; in each iteration, determining a latency-to-shard score by estimating a confirmation latency of the new transaction under the chosen shard for the current iteration; and selecting the new transaction to be assigned to the shard based on a combination of the transaction-to-shard score and the latency-to-shard score.

PATENT: Systems and methods for a non-fungible token having on chain content generation; US 11,532,002 B1; 12/20/2022; CPC G06Q 30/0206; 16 claims; assigned to Consensys Software Inc.

ABSTRACT: A blockchain platform is provided for creating original non-fungible tokens (NFTs) and prints of the original NFTs. The platform creates a market for purchasing and selling prints of the original NFTs. The purchase price and the sale price for a print is determined based on a bonding curve and a total supply of the prints of the original NFT. The platform may also generate content (e.g., artwork and/or music) associated with the original NFTs. The content may be generated from logic that is stored on the blockchain.

PATENT: Portfolio optimization; US 11,532,044 B2; 12/20/2022; CPC G06Q 40/04; 16 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: A computer implemented method for optimizing a delivery or settlement process for a plurality of portfolios of a plurality of participants. Data records indicative of obligations between the plurality of participants are identified. A weighted directed graph data structure is generated that comprises vertex data records representing the plurality of participants and edge data records representing the obligations between the participants. All paths of edge data records where a vertex data record is reachable from itself in the weighted directed graph data structure are identified. The data records indicative of obligations between the plurality of participants are altered based on the identified paths.

PATENT: Blockchain instrument for transferable equity; US 11,532,047 B2; 12/20/2022; CPC G06Q 40/04; 19 claims; assigned to Equity Shift, Inc.

ABSTRACT: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

PATENT: Path of funds blockchain system; US 11,532,054 B2; 12/20/2022; CPC G06Q 40/12; 9 claims; assigned to Agora AltX.

ABSTRACT: A system including a presentational layer with a graphical participant interface which receives data from a participate and passes said data to a workflow engine, a business logic layer including a computer processor, where the business logic layer receives payload data from said workflow engine and sends encrypted payload data to the data layer, and a data layer which includes a storage medium or combination of storage mediums including a blockchain, wherein said data layer receives encrypted payload data from said business logic layer and stores said encrypted payload data on the blockchain and on a shadowing relational database. The system generates dynamic accounting and bookkeeping methodologies without the use of a ledger by sequencing activity records of associated transaction participants, authorization provided to complete a transaction, and supporting documentation and processing them through a rule-based workflow engine.

December 13, 2022

Total CPC G06Q Subclass (business methods) patents issued:  159

Financial industry business method patents reviewed herein:   10

PATENT: Offline value transfer using asymmetric cryptography; US 11,526,874 B2; 12/13/2022; CPC G06Q 20/3676; 20 claims; assigned to Seagate Technology LLC.

ABSTRACT: Tokenized assets with associated value are transferred from a designated server to a mobile device. The associated value is removed from the designated server. The tokenized assets are transferred to a first trusted electronic device. The first trusted electronic device is associated with the mobile device. At least a portion of the tokenized assets are transferred to a second trusted electronic device such that the portion of the tokenized assets are only stored on the second trusted electronic device after the transfer. The second electronic device is associated with a second mobile device. The transfer occurs at a time when both the mobile device and the electronic device are offline.

PATENT: Bank-driven model for preventing double spending of digital currency coexisting on multiple DLT networks; US 11,526,875 B1; 12/13/2022; CPC G06Q 20/3678; 25 claims; assigned to Wells Fargo Bank N.A.

ABSTRACT: A system and method for preventing the double-spending of digital currency that transfers between multiple DLT networks. The system and method includes creating, based on a unit of fiat currency, a first digital currency of a first type on a first DLT network and a second digital currency of a second type on a second DLT network. Each of the first digital currency and the second digital currency simultaneously represent a value associated with the unit of fiat currency. The system and method includes detecting a transaction request to transfer the first digital currency from the first DLT network to the second DLT network. The system and method include locking, responsive to detecting the transaction request, the first digital currency onto the first DLT network to prevent a transfer of the first digital currency from the first DLT network to another DLT network responsive to a subsequent transaction request.

PATENT: Cryptocurrency rewards for a virtual cash card; US 11,526,882 B2; 12/13/2022; CPC G06Q 20/387; 20 claims; assigned to Square, Inc.

ABSTRACT: A computer-implemented method associated with a payment service provided by a payment server, comprising processing, by the payment server, a payment for a point-of-sale (POS) transaction using a payment instrument associated with a user account maintained in a data store of the payment server. The payment server determines a reward configuration stored in the user account, wherein the reward configuration includes settings to reward the user account with cryptocurrency assets and is based on historical transaction activity associated with the user account. The payment server calculates an amount of cryptocurrency assets according to the reward configuration, wherein the amount of the cryptocurrency assets is based on a value of the cryptocurrency at a time of the transaction. The payment server assigns the amount of cryptocurrency assets from a cryptocurrency wallet of the payment service to a cryptocurrency wallet of the user.

PATENT: Systems and methods for trackable transaction requests; US 11,526,933 B1; 12/13/2022; CPC G06Q 40/02; 6 claims; assigned to Wells Fargo Bank N.A.

ABSTRACT EXCERPT: A financial institution computing system includes a customer database storing financial information and tracking information, a network interface circuit enabling the financial institution computing system to exchange information over a network, and a transaction circuit generating trackable transaction requests across a plurality of financial institutions. The transaction circuit receives financial information from an originator computing system over the network and generates a corresponding transaction request including a transaction identification code. The transaction request is transmitted to a correspondent institution over the network and tracking information is received from at least one correspondent institution. The tracking information is provided to the originator computing system the transaction circuit settles the transaction request.

PATENT: Facilitating audit related activities; US 11,526,935 B1; 12/13/2022; CPC G06Q 40/025; 19 claims; assigned to Wells Fargo Bank N.A.

ABSTRACT: A method for rendering results of an audit includes receiving data corresponding to the results of the audit. The data includes an image to be rendered on a display screen of an electronic computing device. The data includes one or more insights derived from the results of the audit. A user of the electronic computing device is identified. The image is rendered on the display screen. One or more insights derived from the results of the audit are rendered on top of the image on the display screen. A content of the one or more insights derived from the results of the audit that are rendered on top of the image on the display screen is dependent upon the identity of the user of the electronic computing device.

PATENT: Graphical structure model-based credit risk control; US 11,526,936 B2; 12/13/2022; CPC G06Q 40/025; 23 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: A graphical structure model trained by using labeled samples is obtained. The graphical structure model is defined based on an enterprise relationship network that includes nodes and edges. Each labeled sample includes a label indicating whether a corresponding node is a risky credit node. The graphical structure model is configured to iteratively calculate an embedding vector of at least one node in a hidden feature space based on an original feature of the at least one node and/or a feature of an edge associated with the at least one node. An embedding vector corresponding to a test-sample is calculated by using the graphical structure model. Credit risk analysis is performed on the test-sample. The credit risk analysis is performed based on a feature of the test-sample represented in the embedding vector. A node corresponding to the test-sample is labeled as a credit risk node.

PATENT: Systems and methods for providing financial data to financial instruments in a distributed ledger system; US 11,526,938 B2; 12/13/2022; CPC G06Q 40/04; 25 claims; assigned to Refinitiv US Organization LLC.

ABSTRACT: An embodiment of a method of providing financial data to a financial instrument smart contract in a distributed ledger system includes: receiving, by an oracle smart contract in the distributed ledger system, a transaction from the financial instrument smart contract, the transaction including registration data having an identification of financial data to be delivered and an identification of a schedule on which to deliver the financial data; generating a transaction including the financial data; and transmitting the generated transaction to at least one distributed node of the distributed ledger system according to the requested schedule.

PATENT: Selective suppression of implied contract generation; US 11,526,939 B2; 12/13/2022; CPC G06Q 40/04; 21 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.

PATENT: System and method for enhanced electronic networked settlement processor; US 11,526,942 B2; 12/13/2022; CPC G06Q 40/04; 18 claims; assigned to NYSE Chicago, Inc.

ABSTRACT: A system and method are provided for settlement and delivery of cash settled futures contracts overlying open-ended mutual fund shares with optional delivery of mutual fund shares when physical settlement is elected. On the last date of the contract, a party which has an open position in the contract tenders the clearing organization a request to elect optional physical settlement of a specified number of shares of the mutual fund in additional to the standard cash settlement of those contracts. The clearing organization, upon acceptance and when it is certain of the requestor's final position in the futures contract, it processes the election request against the requestor's final position and possibly submits an order on behalf of the requestor to the investment company which manages the mutual fund to purchase or redeem shares of the open-ended mutual fund in a quantity roughly the size of the requestor's final contract position.

PATENT: Goal recommendation tool with crowd sourcing input; US 11,526,944 B1; 12/13/2022; CPC G06Q 40/06; 20 claims; assigned to Wells Fargo Bank N.A.

ABSTRACT: A system and computer-implemented method for use in generating an investment strategy for retirement income growth utilizing a crowdsourcing recommendation as an input is provided. Information about the user may be gathered. A goal or range of goals may be provided by the user or may be proposed by a computing device based on the user information. Crowdsourcing members who satisfy threshold criteria may be automatically selected to provide a recommendation on the user goal and/or the proposed investment strategy. A user may select a specific crowd member for a recommendation. An impact of the crowdsourcing recommendation on the user's retirement income growth may be estimated. Steps to implement the crowdsourcing recommendation may be provided to the user. As a result, the user may remain anonymous and may receive recommendations on one or more goals and/or investment strategies that they may not have received otherwise.

December 6, 2022

Total CPC G06Q Subclass (business methods) patents issued:  184

Financial industry business method patents reviewed herein:   10

PATENT: Distributed private ledger systems and methods; US 11,521,185 B1; 12/6/2022; CPC G06Q 20/10; 15 claims; assigned to Citibank, N.A.

ABSTRACT: A distributed private ledger function of a server of a first consortium member receives data representing an alias for one of its customers from the customer and also receives data that represents an alias for a customer of a second member replicated by a distributed private ledger function of a server of the second member to all members of the consortium. Thereafter, the distributed private ledger function of the first member's server identifies a recipient account of the second member's customer based on an account pointer associated with the alias of the second member's customer and initiates a transfer of funds from a source account of the first member's customer corresponding to an account pointer associated with the alias for the first member's customer to the identified recipient account of the second member's customer.

PATENT: Creating and managing artificially intelligent entities represented by non-fungible tokens on a blockchain; US 11,521,200 B1; 12/6/2022; CPC G06Q 20/367; 30 claims.

ABSTRACT: Some examples of the present disclosure relate to generating artificially intelligent entities represented on a blockchain using a non-fungible token (NFT). In one such example, a system can generate an NFT on a blockchain. The NFT can represent an artificially intelligent entity. The system can also generate a personality dataset on the blockchain, the personality dataset describing personality characteristics of the artificially intelligent entity. The system can then correlate the NFT to the personality dataset, thereby assigning the personality characteristics to the artificially intelligent entity. Once generated, the artificially intelligent entity may reside in a virtual ecosystem in which it can perform tasks and learn over time.

PATENT: Distributed computing and storage network implementing high integrity, high bandwidth, low latency, secure processing; US 11,521,202 B2; 12/6/2022; CPC G06Q 20/282; 6 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of constructing a transaction proposal and sending the constructed transaction proposal to a plurality of endorsing nodes, by a client application of a computing system, wherein inputs to the transaction proposal are named using a blockchain naming system (BNS), receiving a set of transaction responses from the plurality of endorsing nodes, by the client application of the computing system, the transaction responses each comprising a transaction validation function, assembling the received transaction responses into a transaction, by the client application of the computing system, and sending the transaction to an orderer node for distribution, by the client application of the computing system.

PATENT: Method for certificate transaction validation of blockchain-based resource public key infrastructure; US 11,521,205 B2; 12/6/2022; CPC G06Q 20/3829; 14 claims; assigned to Guangzhou University.

ABSTRACT: A method for certificate transaction validation of a blockchain-based resource public key infrastructure aims to avoid security threats caused by conflicts or illegal transactions during transactions and improve security. A technical solution is as follows: constructing a resource public key infrastructure RPKIB system composed of a resource issuer, a resource transaction application client, a resource receiver, a blockchain network and a validation node; designing operations of a resource certificate and route origin authorization ROA as transactions, submitting operations of various resource transactions initiated by a resource issuer as transactions to the blockchain network, running, by the validation node, a smart contract to verify the transactions, and distinguishing whether the operations are malicious behaviors or normal operations of an authority.

PATENT: Tokenization request handling at a throttled rate in a payment network; US 11,521,207 B2; 12/6/2022; CPC G06Q 20/385; 20 claims; assigned to Mastercard International Incorporated.

ABSTRACT: The disclosure herein describes handling tokenization requests associated with electronic transactions at a payment network at a throttled processing rate. Tokenization requests are received by tokenization stream brokers from request sources. The tokenization requests include primary account numbers (PANs) to be tokenized. The tokenization requests are then consumed from the tokenization stream brokers, at a request storage rate, for storage in a request data store. Tokenization operations are then performed, at a request processing rate, based on the tokenization requests stored in the request data store. The tokenization operations include providing at least the primary account numbers to be tokenized to issuers associated with the tokenization requests at issuer tokenization rates associated with the issuers, whereby the request processing rate is throttled for compatibility with capabilities of the system and the issuers without unnecessary limitations placed on request sources.

PATENT: Facilitation of deterministic interaction with a dynamically changing transaction processing environment; US 11,521,269 B2; 12/6/2022; CPC G06Q 40/04; 29 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT EXCERPT: The disclosed embodiments relate to ensuring that a selected value, selected, for example, via interaction with a graphic user interface, of a dynamically changing parameter, such as a price, is used when generating an electronic data transaction request message in a data transaction processing system, such as an electronic trading system.

PATENT: System and method for machine learning architecture for dynamic market stress platform; US 11,521,270 B2; 12/6/2022; CPC G06Q 40/06; 18 claims; assigned to Royal Bank of Canada.

ABSTRACT: Systems and methods for responsive stress testing that involve back-end machine learning models that produce enterprise market risk calculations and a front-end interface with graphical elements to visually interact with the machine learning models. The interface can load a particular model, specify ranges of each market variables (shock), and investigate how the market variables impact a portfolio based on the rendered graphical elements.

PATENT: Blockchain-based transaction processing method, apparatus, and electronic device; US 11,521,275 B2; 12/6/2022; CPC G06Q 40/12; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for processing blockchain-based transactions, comprising: acquiring a Nonce record from a Nonce list for a transaction initiated by a user account, wherein the Nonce list is maintained in a blockchain and is associated with the user account, the Nonce list comprises a plurality of Nonce records, and a Nonce record comprises a Nonce value; adding the acquired Nonce record to the transaction; and submitting the transaction to the blockchain, for a node in the blockchain to compare the Nonce record in the transaction with the plurality of Nonce records in the Nonce list, and to accept the transaction in response to the Nonce record matching any Nonce record in the Nonce list, wherein the Nonce value in the matching Nonce record in the Nonce list is monotonically increased based on a preset increment in response to that the transaction is accepted.

PATENT: System for validating and appending incident-related data records in a distributed electronic ledger; US 11,521,285 B2; 12/6/2022; CPC G06Q 50/265; 19 claims; assigned to Motorola Solutions, Inc

ABSTRACT EXCERPT: A computer apparatus, such as a validator node, for validating incident-related data records in a distributed electronic ledger is configured to receive a request from an agent to add a proposed incident-related data record associated with an incident to the distributed electronic ledger. In response to the proposed incident-related data record, the computer apparatus determines, from the distributed electronic ledger, one or more attributes of the agent or incident. The computer apparatus determines whether the proposed incident-related data record satisfies validation criteria based at least partially on the one or more attributes of the agent or incident. Once validated, the computer apparatus may then append the proposed incident-related data record to the distributed electronic ledger.

PATENT: Systems and methods for storing contract information on multiple blockchain ledgers; US 11,521,290 B2; 12/6/2022; CPC G06Q 50/34; 15 claims.

ABSTRACT: A system and method for resolving contract disputes utilitizes one or more computing devices to receive a dispute resolution request, invite other parties to submit a response to the dispute resolution request, and submit the dispute to a plurality of delegates based on the type of dispute and the qualifications of the delegates. The delegates provide dispute resolution decisions, and a consensus algorithm is applied to the decisions to arrive at a consensus contract outcome. A record of the consensus contract outcome, including the disputed contract and the nature of the dispute are recorded on a permissioned blockchain and also optionally recorded on an external blockchain distributed ledger.

November 29, 2022

Total CPC G06Q Subclass (business methods) patents issued:  173

Financial industry business method patents reviewed herein:   10

PATENT: Cryptographic currency for securities settlement; US 11,514,409 B2; 11/29/2022; CPC G06Q 20/06; 21 claims; assigned to Goldman Sachs & Co. LLC.

ABSTRACT: The present disclosure is directed to security settlement in financial markets and cryptographic currencies. Particular portions of the present disclosure are directed to a cryptographic currency protocol and to a cryptographic currency that includes a positional item. The cryptographic currency protocol supports a virtual wallet that, in various embodiments, is a security and cash account for storing and managing the cryptographic currency. Opening a transaction via the virtual wallet to transfer the cryptographic currency is a strong guarantee of the availability of funds in the virtual wallet because, e.g., funds are not transacted unless the commit phase is successful.

PATENT: Method and system for recording forward royalties using a distributed ledger; US 11,514,410 B1; 11/29/2022; CPC G06Q 20/065; 19 claims; assigned to CopyForward Inc.

ABSTRACT: To manage property records using a multi-layered hybrid distributed ledger architecture, identification information for a particular property is obtained and transmitted to at least one participant in a public distributed ledger network for a public distributed ledger layer. Ownership information for the same particular property is obtained and transmitted to at least one participant in a federated distributed ledger network for a federated distributed ledger layer. Transaction-related documents for the same particular property are obtained and transmitted to at least one participant in a private distributed ledger network for a private distributed ledger. The distributed ledger layers are different layers of a property distributed ledger each having a separate set of consensus rules for appending distributed ledger data to the respective layer. This allows for the immutable preservation of royalty terms and conditions for a property or asset using the distributed ledger.

PATENT: Multi-tier tokenization platform; US 11,514,411 B2; 11/29/2022; CPC G06Q 20/0658; 11 claims; assigned to Pontoro Inc.

ABSTRACT EXCERPT: A platform implementing a two-tier tokenization process to build a digital asset pool at a server. An application builds the digital asset pool, initializes general asset tokens to represent pro-rata ownership interests in a general pool of assets, and uses general asset tokens to create specific asset tokens to represent ownership interests in specific assets from that pool that a user of the platform selects, from a remote device in communication with the server, from the general pool. General asset tokens offered to eligible retail and/or institutional investors generate funding to build the asset pool.

PATENT: Systems and methods for operating a bridge server to support multiple shards of a blockchain; US 11,514,417 B2; 11/29/2022; CPC G06Q 20/1235; 6 claims; assigned to Mythical, Inc.

ABSTRACT: Systems and methods for operating a bridge server to support multiple shards of blockchains are disclosed. The multiple shards may be used to record ownership rights of in-game digital assets. The in-game digital assets may be usable in an online gaming platform. Exemplary implementations may: execute an instance of a game; maintain user accounts for the users of a blockchain on a first and a second decentralized ledger server; record sets of rights pertaining to sets of digital assets; receive an exchange request for a first digital asset; receive transferal information for the first digital asset; transfer sets of instructions to the first and second decentralized ledger servers such that the first decentralized ledger server removes the first digital asset from the first set of digital assets and the second decentralized ledger server adds the first digital asset to the second set of digital assets.

PATENT: Localized blockchain utilizing mesh networks for localized events; US 11,514,434 B2; 11/29/2022; CPC G06Q 20/3678; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: Techniques for providing a localized blockchain that uses a mesh network to facilitate transactions for a localized event are provided. An electronic device can receive data from a localized mesh network to establish the device as a node on the localized mesh network. The established node can generate a cryptocurrency wallet that can be loaded with an initial amount of localized cryptocurrency tokens from a total amount of localized cryptocurrency tokens. The total amount of localized cryptocurrency tokens can be previously mined by a central authority of the localized mesh network. The established node can conduct transactions within the localized mesh network utilizing the localized cryptocurrency tokens. The established node can receive a portion of a cryptocurrency token for transmitting transactional data to a next nearest node on the localized mesh network to help facilitate a transaction involving other nodes on the network.

PATENT: Encapsulation of payment accounts with tokenization; US 11,514,437 B1; 11/29/2022; CPC G06Q 20/38215; 20 claims; assigned to Block, Inc.

ABSTRACT: A method for encapsulating transaction instrument information in a transaction includes storing, in association with a first transaction and by a processor of the primary transaction processor server, transaction data associated with a transaction instrument for a first transaction. The primary transaction processor server transmits the transaction data to a payment network processor, and receives an authorization package in response that includes a cryptograph and a first network token. The primary transaction processor server generates a second token that includes a changeable alpha-numeric string associated with the transaction instrument used in the first transaction, and transmits the second token to a merchant device. The second token indicates that a transaction associated with the second token is either i) a customer-initiated transaction or ii) a merchant-initiated transaction. The secondary transaction processor may approve or reject a transaction using the second token without a cryptogram.

PATENT: Method for issuing authentication information and blockchain-based server using the same; US 11,514,440 B2; 11/29/2022; CPC G06Q 20/3829; 16 claims; assigned to Coinplug, Inc.

ABSTRACT: A method for issuing authentication information is provided. The method includes steps of: (a) a managing server, if identification information of a specific user is acquired from a user device in response to a request for issuing the authentication information and the identification information is determined to be registered, creating a transaction whose output includes: (i) the specific user's public key and (ii) a hash value of the identification information or its processed value to thereby record or support other device to record it on a blockchain; and (b) the managing server acquiring a transaction ID representing location information of the transaction recorded on the blockchain.

PATENT: System and method for decentralized title recordation and authentication; US 11,514,441 B2; 11/29/2022; CPC G06Q 20/3829; 21 claims; assigned to Bitmark, Inc.

ABSTRACT: A decentralized property system and method allow ownership rights to be transferred directly from one party to another without requiring a central authority to operate or secure the system. Digital signatures provide a method to issue and transfer titles (“bitmarks”) within the system. Using a blockchain algorithm, distributed consensus on asset ownership can be achieved.

PATENT: Leveraging blockchain based machine learning modeling for expense categorization; US 11,514,444 B2; 11/29/2022; CPC G06Q 20/389; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: Systems and methods disclosed herein provide automatic expense categorization of transactions or expenditures based on a machine learning (ML) model trained using anonymized transactional data for expenditures that are stored in a public blockchain. The anonymized transactional data for the expenditure and the expense category, may be distributed throughout the blockchain network and recorded in the blockchain.

PATENT: System for physically delivering virtual currencies; US 11,514,522 B2; 11/29/2022; CPC G06Q 40/04; 19 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: Systems and methods are disclosed for settling futures contracts that are based on virtual currencies. A clearing counter-party operates a clearing counter-party computer that may oversee physical delivery of virtual currency between a buyer and seller. The clearing counter-party computer does not take possession of the virtual currency and monitors a publicly viewable ledger to confirm that transactions have taken place.

November 22, 2022

Total CPC G06Q Subclass (business methods) patents issued:  124

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain and cryptocurrency for real-time vehicle accident management; US 11,507,928 B2; 11/22/2022; CPC G06Q 20/065; 20 claims; assigned to IBM.

ABSTRACT: A secure chain of data blocks is maintained at a given computing node. The given computing node is part of a set of computing nodes in a distributed network of computing nodes wherein each of the set of computing nodes maintains the secure chain of data blocks. The secure chain of data blocks maintained at each computing node comprises one or more data blocks that represent one or more accident related transactions associated with a vehicle. In response to a risk assessment operation, one or more data blocks are added to the secure chain of data blocks maintained at the given computing node.

PATENT: Digital fiat currency; US 11,507,929 B2; 11/22/2022; CPC G06Q 20/0655; 17 claims; assigned to Visa International Service Association.

ABSTRACT: Techniques are disclosed which include receiving, by a central entity computer, a request for digital currency. The request includes a serial number and a denomination of a physical currency. The central entity computer generates the digital currency for the denomination and linked to the serial number. The generating includes recording the digital currency on a blockchain. The central entity computer transmits a notification of the generation of the digital currency. The central entity computer causes removal of the physical currency from circulation in a fiat currency system.

PATENT: Mobile wallet card control; US 11,507,935 B1; 11/22/2022; CPC G06Q 20/326; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A mobile wallet computing system associated with a mobile wallet database includes a mobile wallet circuit structured to present a mobile wallet interface a mobile wallet user. The mobile wallet interface includes a first portion that includes a graphical depiction of a user payment vehicle associated with a financial institution, the first portion including a first interaction point that enables the user to initiate a sequence to engage in a mobile wallet transaction using the mobile wallet. The interface also includes a second portion that includes a second interaction point and a third interaction point, the second interaction point enabling the user to access a functionality enabling the user to indicate a transaction preference for a transaction with an entity other than the mobile wallet provider or financial institution, the third interaction point enabling the user to indicate a preference to initiate communications with the financial institution.

PATENT: Digital wallet for digital identities and interactions with a digital identity services platform; US 11,507,943 B1; 11/22/2022; CPC G06Q 20/363; 11 claims; assigned to Anonyome Labs, Inc.

ABSTRACT: A non-transitory computer readable storage medium has instructions executed by a processor to maintain a digital wallet with digital identities. Each digital identity has identity attributes different than identity attributes associated with a real individual utilizing the digital identity, an associated attribute for compartmentalized network activity, a digital identity key pair, and a designated block chain. Interactions between the digital identities of the digital wallet and a digital identity services platform are supported.

PATENT: Digital wallet; US 11,507,944 B2; 11/22/2022; CPC G06Q 20/367; 20 claims; assigned to Google LLC.

ABSTRACT EXCERPT: A digital wallet that facilitates fast, convenient, and secure commerce using a mobile electronic device (or non-mobile electronic device) and stores information associated with transactions, such as purchase confirmations and receipts. The digital wallet can store information for use in transactions, including information associated with one or more financial accounts, user information, and shipping information. To complete an online purchase, the digital wallet can interact with a merchant's website to obtain information regarding the purchase.

PATENT: Method and system for usage of cryptocurrency, preventing financial crime; US 11,507,945 B2; 11/22/2022; CPC G06Q 20/3674; 20 claims.

ABSTRACT EXCERPT: The present invention deals with the programmatic parameterization of cryptocurrency Smart Contracts to include the binding between the user's cryptocurrency transaction and user's Identity, thus creating “permissioned” crypto-token transfer. Such binding has advantageous properties as being resilient to any form of financial crime, preventing cryptocurrency theft, and precluding “bad actors” from using this cryptocurrency. The system for Identity-Bound Cryptocurrency Transfer (IBCT) will include IBCT Blockchain Smart Contract, IBCT Blockchain Oracle Smart Contract, and off-chain Identification-as-a-Service for the IBCT owner using dedicated CryptoWallet for executing IBCT Smart Contract.

PATENT: Systems and methods for data communication using a stateless application; US 11,507,947 B1; 11/22/2022; CPC G06Q 20/382; 16 claims; assigned to Citibank, N.A.

ABSTRACT: Systems and methods for communication of electronic data in which one or more memory-coupled entity processors programmed to execute a stateless application that persists no data except configuration data in the stateless application and causes the at least one entity processor to receive data in a first format from a data source to which the stateless application executing on the at least one entity processor is loosely coupled; translate the received data to a second format for a data destination; and submit the data in the second format to the data destination to which the stateless application executing on the at least one entity processor is also loosely coupled.

PATENT: Blockchain architecture, system, method and device for automated cybersecurity and data privacy law compliance with delayed block posting protocol; US 11,507,948 B2; 11/22/2022; CPC G06Q 20/389; 31 claims; assigned to Atrium Separate IP Holdings Number 4, LLC.

ABSTRACT: A distributed transaction and data storage platform including a distributed notary ledger or blockchain and one or more individual user micro-identifier chains that together enable the secure effectuation and recordation of one or more transactions, and/or storage of data in an automated, real-time, zero-trust, globally data law and privacy law centric manner while maintaining transaction party confidentiality and preventing chain poisoning.

PATENT: Cryptocurrency loyalty program based on transactional data; US 11,507,971 B2; 11/22/2022; CPC G06Q 30/0233; 20 claims; assigned to GeminiI IP, LLC.

ABSTRACT: Introduced here are computer programs and associated computer-implemented techniques for purchasing, selling, and/or transferring cryptocurrency to be disbursed as a reward for using a specialized payment card. The technology allows cardholders to receive cryptocurrency for completing transactions with specialized payment cards without requiring the card-issuing financial institution directly issue the cryptocurrency.

PATENT: Alternative form factor for financial inclusion; US 11,508,004  B2; 11/22/2022; CPC G06Q 40/02; 13 claims; assigned to Mastercard International Incorporated.

ABSTRACT: According to some embodiments, apparatus and methods are provided. A connector attachment includes a housing, wherein the connector attachment is selectively connectable to a mobile device; and a first token stored within the connector attachment, wherein the first token is operative to execute a transaction with a second token. Numerous other aspects are provided.

November 15, 2022

Total CPC G06Q Subclass (business methods) patents issued: 187

Financial industry business method patents reviewed herein:   10

PATENT: Resource provider account token provisioning and processing; US 11,501,288 B2; 11/15/2022; CPC G06Q 20/367; 10 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments are directed to issuing tokens for identifiers associated with a resource provider account specific to the resource provider issuing the account. A resource provider processor system interfaces with a resource provider computer to validate account eligibility upon receiving a token request message. If the account is eligible for token generation, the resource provider processor system generates a universal identifier corresponding to the identifier associated with the resource provider account and returns the universal identifier to the token requestor. The token requestor may send a token request message to a token issuer for obtaining a token using the universal identifier. Accordingly, the universal account identifier can be used to provision a token into a digital wallet. Transactions using the token may be processed with the resource provider processor system acting as an account issuer.

PATENT: Computer system and computer-implemented method for secure payment transaction; US 11,501,289 B2; 11/15/2022; CPC G06Q 20/3674; 17 claims; assigned to Mastercard International Incorporated.

ABSTRACT EXCERPT: The system includes at least a computer processor and a data storage device, the data storage device comprising instructions operative by the processor to: receive, from an acquirer bank of the merchant, a payment request comprising a payment instrument associated with a customer and a merchant token associated with a merchant, map the merchant token to predefined parameters established by the merchant for performing a merchant authorisation of the payment request, validate the merchant token by checking whether the predefined parameters are met for the payment request, approve or refuse the payment request based on the validation and, if approved, transmit a payment authorisation request to an issuer bank associated with the payment instrument of the customer for issuer authorisation of the payment request and proceed with the secure payment transaction if the issuer authorisation is successful.

PATENT: Digital currency transfer; US 11,501,290 B2; 11/15/2022; CPC G06Q 20/3674; 20 claims; assigned to IBM.

ABSTRACT EXCERPT: Digital currency transfer is facilitated by a process that includes receiving an indication of a type and amount of digital currency to be transferred to a recipient as part of a digital currency transfer, and a specified public key of the recipient. The public key identifies a digital permanent wallet of the recipient's account. The process creates and stores a digital temporary wallet to temporarily hold the digital currency. This creates a transaction key uniquely identifying the digital currency transfer, and associates with the digital temporary wallet the transaction key and the public key.

PATENT: Systems and methods for third party token based authentication; US 11,501,292 B1; 11/15/2022; CPC G06Q 20/3674; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method of authenticating a user on behalf of a third party provider by an identity provider computing system is disclosed. The method includes receiving a user token and user device information from the third party provider; identifying the user based on the user token; identifying related user activity based on the user device information; and authenticating the user based on the related user activity.

PATENT: Object distribution processing; US 11,501,295 B2; 11/15/2022; CPC G06Q 20/389; 19 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: The present disclosure provides an object distribution processing method, device, and system. The object distribution processing method includes: receiving, by an object distribution server, content of an object distribution transaction from a blockchain node, where the content of an object distribution transaction includes a transaction hash specific to the object information to be distributed; after the object distribution server reaches a distribution start time, receiving object distribution requests from a plurality of clients; determining a corresponding award winner from a plurality of object distribution requests; and sending an object distribution message with the hash value to the award winner. With this method, the tamper-resistant characteristic of transaction content in a blockchain is used, and a proof for a transaction hash value specific to initial object information is provided for a user, thereby improving fairness of an object distribution service.

PATENT: Blockchain agnostic token network; US 11,501,297 B1; 11/15/2022; CPC G06Q 20/401; 20 claims; assigned to Block, Inc.

ABSTRACT: A blockchain agnostic token network is described. In an example, a request to purchase a non-fungible token (NFT) minted on a blockchain from a seller is received. Based at least in part on context data associated with at least one of the user, the seller, or a digital asset associated with the NFT, a plurality of available blockchains is determined for holding the NFT. Information associated with the plurality of blockchains is surfaced and one of the plurality of blockchains is determined for holding the NFT. Based at least in part on the determined blockchain, the NFT is transferred to the determined blockchain and associated with a user account for subsequent viewing.

PATENT: Blockchain-based data processing systems, methods, and apparatuses; US 11,501,322 B2; 11/15/2022; CPC G06Q 30/0201; 17 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT EXCERPT: A service platform obtains order data of an order placed by a target user through a user interface and history data of the target user associated with one or more user interface operations for placing the order, where the history data includes page code of one or more pages of the user interface associated with the one or more user interface operations. The service platform generates, based on the history data and the order data, usage data of the target user. The service platform determines a digital digest of the usage data.

PATENT: Blockchain systems and methods for managing property loan information; US 11,501,365 B1; 11/15/2022; CPC G06Q 40/025; 13 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: Information associated with loans on personal property assets, such as vehicles or buildings, may be managed. An access computing device may be configured to access a blockchain network including a plurality of node computing devices that store a respective copy of a plurality of blockchains, each blockchain including a sequence of one or more blocks. The access computing device may manage communication of data between the blockchain network and a loan applicant or loan provider. The access computing device may transmit instructions to a node computing device to generate new blocks in the blockchain associated with new and/or updated loans on a personal property asset.

PATENT: Fault determination of blockchain subrogation claims; US 11,501,383 B1; 11/15/2022; CPC G06Q 40/08; 18 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT EXCERPT: A shared ledger operated by a group of network participants according to a set of consensus rules manages and resolves subrogation claims between a clamant and a defendant with arbitration. Evidence regarding the value of the subrogation claim is sent to the shared ledger by the parties to the subrogation claim such as sending data to a smart contract deployed on the shared ledger. The parties to the subrogation claim or entities that are not parties to the subrogation claim may broadcast data relating to fault to the blockchain.

PATENT: Managing energy transactions using distributed ledger technology; US 11,501,392 B2; 11/15/2022; CPC G06Q 50/18; 20 claims; assigned to Energyxchain, LLC.

ABSTRACT: Methods and systems for originating and monitoring energy transactions using distributed ledger technology are provided. In one embodiment, a method is provided that includes receiving a first request to originate a contract associated with an energy transaction. The first request may include a first draft of the contract. A first transaction may be generated based on the first draft of the contract and may be added to a distributed ledger. Transaction information regarding the energy transaction may be received and a second draft of the contract may be generated based on the transaction information. A second transaction may be generated based on the second draft of the contract and may be added to the distributed ledger.

November 8, 2022

Total CPC G06Q Subclass (business methods) patents issued:  160

Financial industry business method patents reviewed herein:   10

PATENT: Creating and managing artificially intelligent entities represented by non-fungible tokens on a blockchain; US 11,494,760 B1; 11/8/22; CPC G06Q 20/36; 22 claims.

ABSTRACT EXCERPT: In one such example, a system can generate an NFT on a blockchain. The NFT can represent an artificially intelligent entity. The system can also generate a personality dataset on the blockchain, the personality dataset describing personality characteristics of the artificially intelligent entity. The system can then correlate the NFT to the personality dataset, thereby assigning the personality characteristics to the artificially intelligent entity. Once generated, the artificially intelligent entity may reside in a virtual ecosystem in which it can perform tasks and learn over time.

PATENT: Methods and systems for smart contracts for security and filtering; US 11,494,764 B2; 11/8/22; CPC G06Q 20/389; 9 claims.

ABSTRACT: A blockchain value transfer method including receiving a transfer request, the transfer, executing a first smart contract function to perform data analytics on the transfer request and a second smart contract function to implement a security response responsive to an inconsistency in the transfer request, and recording a result of the second smart contract function to at least one of a SQL database, a NoSQL database, and an analytics service. The inconsistency of the transfer request is a deviation from a learned transfer pattern identified from the prior smart contracts for prior transfer requests.

PATENT: Managing transactions on blockchain networks; US 11,494,766 B2; 11/8/22; CPC G06Q 20/401; 29 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed herein are computer-implemented methods, computer-implemented systems, and non-transitory, computer-readable media for managing transactions on blockchain networks. One of computer-implemented method includes obtaining, by a scheduling device on a blockchain network, transaction data including a plurality of original pending transactions to be executed on the blockchain network among a plurality of accounts, the transaction data being stored on the blockchain network. The scheduling device performs a consolidation analysis of the plurality of original pending transactions to determine a plurality of modified pending transactions among the plurality of accounts, and a number of the plurality of modified pending transactions is less than a number of the plurality of original pending transactions. The scheduling device maintains the plurality of original pending transactions with the plurality of modified pending transactions, without updating the transaction data stored on the blockchain network with the plurality of modified pending transactions.

PATENT: Electronic transaction verification system; US 11,494,767 B1; 11/8/22; CPC G06Q 20/401; 20 claims; assigned to USAA.

ABSTRACT: The present disclosure includes systems and methods for facilitating management of information related to electronic transactions. More specifically, the methods and systems discussed herein related to electronic transaction verification techniques that employ distributed computation methods, such as blockchains, to store transactional data for various web-based interactions, and to verify a transaction source and generate customer offers for these transactions.

PATENT: Systems and methods for intelligent step-up for access control systems; US 11,494,768 B2; 11/8/22; CPC G06Q 20/4014; 5 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Some embodiments may provide systems, methods and computer program code to method to facilitate an interaction involving a user which include determining that a user authentication is required to complete the interaction, identifying at least a first verified device associated with the user, and transmitting an authentication message to the at least first verified device.

PATENT: Digital avatars in online marketplaces; US 11,494,833 B2; 11/8/22; CPC G06Q 30/0643; 20 claims; assigned to eBay Inc.

ABSTRACT: A system comprising a computer-readable storage medium storing at least one program, and a computer-implemented method for providing digital avatars. A first request message is received for requesting a digital representation of a first target user combined with a target product for an online marketplace application on a first client device. The first request message is associated with a first user identifier indicative and a product identifier. Based on the first user identifier, a first user record is selected from a first database. The first user record includes measurement data. Based on the product identifier, a product record is selected from a second database. Based at least on the measurement data of the first user record and the selected product record, model data of the target product is determined and provided to the first client device.

PATENT: Systems and methods of matching customizable data transaction requests; US 11,494,839 B2; 11/8/22; CPC G06Q 40/04; 21 claims; assigned to NASDAQ, Inc.

ABSTRACT: A computer system is provided that allows participants to submit agent data structures for processing. The computer system performs a dual sided evaluation process to determine when contra-sided agents match with one another.

PATENT: System and method for buying and selling stocks, fractional shares, shares, commodities, and other products listed on any stock exchange; US 11,494,840 B2; 11/8/22; CPC G06Q 40/04; 7 claims.

ABSTRACT: An automated system and method for buying and selling stocks, fractional shares, shares, commodities, or any other product listed on any us or global stock exchanges through a kiosk of debit card, credit card, or gift card. The kiosk having a housing to house electrical, network, and communication components; a user interface in communication with the kiosk, the user interface to receive user commands; the kiosk being managed and operated by an investment entity, the investment entity having the ability to buy or sell the one or more investments; and a gift card; the one or more investments include one or more stocks, fractional shares, shares, commodities, or any other product listed on any US or global stock exchanges; and the one or more user commands allow the user to purchase or sell the one or more investments via the kiosk.

PATENT: System and method for multimodal reference data contribution and management using straight through processing; US 11,494,841 B2; 11/8/22; CPC G06Q 40/04; 20 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: A system and method for multimodal contribution and management of multi-domainal reference data is disclosed. A processor executes an application that utilizes distribution and lookup services on an authoritative data cache to confirm that a reference data record or attribute does not exist and creates a message compliant with a standardized information message (SIM) format; and inspects the contents of the SIM to determine the domain of the data and transmits the message to a corresponding domainal reference data system of record among a plurality of reference data systems within a federated reference data system. A receiving domain system acts as a system of record to one or more reference data domain classes related to the reference data; and initiates the processes of storing, versioning, and publication of the reference data for the domain of reference data for which the reference data system is being designated a system of record.

PATENT: System and method for adaptive information dissemination; US 11,494,842 B2; 11/8/22; CPC G06Q 40/04; 20 claims; assigned to Nasdaq Technology AB.

ABSTRACT EXCERPT: A computer system includes a memory to store a first set of data including data processing requests or data processing execution results and computer hardware to determine an input relating to a load and filter the first set of data to extract, based on the input relating to the load, a second set of data from the first set of data, thereby leaving a remaining set of data. The second set of data and the remaining set of data both include data processing requests or data processing execution results input or generated by the computer system. The computer hardware prepares electronic messages to be transmitted over a communications network to a plurality of remote user terminals.

November 1, 2022

Total CPC G06Q Subclass (business methods) patents issued: 

Financial industry business method patents reviewed herein:   10

PATENT: Methods and systems for the efficient transfer of entities on a blockchain; US 11,488,120 B2; 11/1/2022; CPC G06Q 20/06; 37 claims; assigned to nChain Holdings Limited.

BACKGROUND: The present invention relates to distributed, peer-to-peer ledgers and, in particular, blockchain technologies. The invention also relates in part to tokenisation and security techniques, and secure mechanisms for transferring entities and/or ownership of entities via a blockchain. It may comprise a method of performing secure transactions between different parties over a blockchain.

PATENT: Blockchain Payment Notification System; US 11,488,123 B2; 11/1/2022; CPC G06Q 20/10; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A system and method for payment notification using blockchain. The system and method relate to real-time monitoring and updating of a list of accounts that have not satisfied a minimum payment amount due. The real-time monitoring and updating of the list occurs through the use of a blockchain monitoring payment information by a user to the account. The blockchain is continually updated every time a payment is made. A notification system receives each update and is aware, in real-time, whether a user has satisfied a minimum payment amount due and thus whether an account is current or in need of a collections notification.

PATENT: Resource transaction method, node, device and storage medium; US 11,488,143 B2; 11/1/2022; CPC G06Q 20/3674; 20 claims; assigned to Tencent Technology (Shenzhen) Company Limited.

ABSTRACT: A resource transaction method is applied to a blockchain system including a blockchain database, a transaction node, at least one payment node, at least one resource providing node, and at least one resource request node. The method includes: generating a transaction settlement instruction after the resource request node requests a target resource from the resource providing node on the transaction node, transmitting the transaction settlement instruction to the payment node, determining, by the payment node, that the transaction contract is an actual transaction in case of finding the transaction contract corresponding to the transaction settlement instruction from the blockchain database according to the transaction settlement instruction, and a signature of the resource request node for this resource transaction exists in the transaction contract, and transmitting, by the payment node, a transaction payment request to the resource request node.

PATENT: System and method of multi-round token distribution using a blockchain network; US 11,488,144 B2; 11/1/2022; CPC G06Q 20/3764; 13 claims; assigned to nChain Holdings Limited.

ABSTRACT: A computer-implemented method to participate in a token transfer process for transferring a first quantity of token from a sender node to a recipient node using a blockchain is disclosed. The token transfer process includes a plurality of participating nodes and execution of a set of indirect token transactions between multiple pairs of the participating nodes. The method is implemented at a participating node and includes: obtaining a subset of the set of indirect token transactions, the subset including only those transactions for which the participating node is either an input node or an output node, wherein the set of indirect token transactions is generated based on the first quantity of tokens and a predefined number of transaction rounds in the token transfer process; for each indirect token transaction in the subset, collaborating with a respective second participating node included in the indirect token transaction to generate a commitment channel for the indirect token transaction between the participating node and the second participating node; and collaborating with all other participating nodes in executing the indirect token transactions of the subset using the generated commitment channels.

PATENT: Method and system for user-based distributed ledgers; US 11,488,145 B2; 11/1/2022; CPC G06Q 20/3674; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for processing cryptographic currency transactions through user-based blockchain ledgers includes: receiving, by blockchain node in a blockchain network, a new cryptographic currency transaction from a first computing device including unspent transaction outputs, a sender public key, receiver public key, destination address, and cryptographic currency amount; identifying, by the blockchain node, a sending blockchain associated with the sender public key including the unspent transaction outputs; validating, by the blockchain node, the sending blockchain by generating a hash value using the sending blockchain and comparing the generated hash value to a historic sender hash value associated with the sender public key; generating, by the blockchain node, a new sender hash value by hashing a combination of the sending blockchain and the new cryptographic currency transaction; and transmitting, by the blockchain node, the generated new sender hash value to a plurality of additional nodes in the blockchain network.

PATENT: Computationally efficient transfer processing and auditing apparatuses, methods and systems; US 11,488,147 B2; 11/1/2022; CPC G06Q 20/3678; 23 claims; assigned to FMR LLC.

ABSTRACT EXCERPT: The Computationally Efficient Transfer Processing, Auditing, and Search Apparatuses, Methods and Systems (“SOCOACT”) transforms smart contract request, crypto currency deposit request, crypto collateral deposit request, crypto currency transfer request, crypto collateral transfer request inputs via SOCOACT components into transaction confirmation outputs.

PATENT: Blockchain architecture, system, method and device for automated cybersecurity and data privacy law compliance with proprietary off-chain storage mechanism; US 11,488,158 B2; 11/1/2022; CPC G06Q 20/389; 30 claims; assigned to Atrium Separate IP Holdings Number 4, LLC.

ABSTRACT: A transaction platform including at least one or more public, public-private and/or private distributed ledgers or blockchains that together enable the secure effectuation and recordation of one or more transactions while maintaining transaction party confidentiality. The private distributed ledgers or blockchains are able to store, maintain and provide information about the parties related to the transactions which the distributed blockchains or databases are able to utilize in order to securely and quickly validate, execute and record the transactions in a manner that is GDPR and other data privacy law complaint.

PATENT: Systems and methods for using captured time series of secured representations of distributed ledger addresses and smart contract deployed on distributed ledger network to prove compliance; US 11,488,160 B2; 11/1/2022; CPC G06Q 20/401; 18 claims; assigned to Hewlett Packard Enterprise Development LP.

ABSTRACT: Systems and methods described herein are directed to using a smart contract deployed on a distributed ledger network to prove compliance for handling of an asset over time and space. In some implementations, a system includes: one or more servers operating as nodes on a distributed ledger network; and a storage to store an instance of a smart contract. The one or more servers may be to: deploy the smart contract to the distributed ledger network; verify time series data captured by a device, where the verified time series data includes for each time a secured representation of a distributed ledger address; and send at least some of the verified time series data as an input to the smart contract. The smart contract, in response to receiving the at least some of the verified time series data, may execute to determine if one or more conditions have been satisfied.

PATENT: Systems and methods for providing transaction provenance of off-chain transactions using distributed ledger transactions with secured representations of distributed ledger addresses of transacting parties; US 11,488,161 B2; 11/1/2022; CPC G06Q 20/401; 20 claims; assigned to Hewlett Packard Enterprise Development LP.

ABSTRACT: Implementations of the disclosure are directed to proving and creating on a distributed ledger a verifiable transaction record of a transaction between a user associated with user device and an agent associated with agent system, where the identities of the user and agent are hidden.

PATENT: Automatically storing metrics relating to payments in a blockchain; US 11,488,162 B2; 11/1/2022; CPC G06Q 20/401; 20 claims; assigned to SalesForce.com, Inc.

ABSTRACT: Implementations are described for automatically storing, in a blockchain, metrics that relate to payments. In one implementation, permissions that identify a set of metrics are retrieved from a database. The permissions are stored by a tenant of a multi-tenant system to grant permission to the multi-tenant system to store the metrics for a second tenant. A metric is selected from the set of metrics, based on a determination that a value of the metric is to be updated responsive to a payment in a transaction between the first and second tenants where the payment has been successfully processed. The value of the metric is determined for the second tenant based on data relating to the payment. The value of the metric is stored, in the blockchain, with an identifier that uniquely identifies the second tenant in the blockchain.

October 25, 2022

Total CPC G06Q Subclass (business methods) patents issued:  168

Financial industry business method patents reviewed herein:   10

PATENT: Distributed ledger for peer-to-peer cloud data asset valuation; US 11,481,740 B1; 10/25/2022; CPC G06Q 20/0655; 20 claims; assigned to EMC IP Holding Company LLC.

ABSTRACT: An apparatus comprises at least one processing device having a processor coupled to a memory. The processing device is configured to implement a first ledger node of a first cloud. The first ledger node of the first cloud is configured to communicate over one or more networks with a plurality of additional ledger nodes associated with respective additional clouds. The first ledger node is further configured to obtain a transaction associated with a valuation of a data asset. The first ledger node is further configured to broadcast the valuation transaction to the additional ledger nodes. A cryptographic block characterizing at least the valuation transaction is generated and entered into a blockchain distributed ledger collectively maintained by the first and additional ledger nodes. The first and additional ledger nodes collectively maintain the blockchain distributed ledger on a peer-to-peer basis without utilizing a centralized transaction authority.

PATENT: Peer-to-peer cryptocurrency and crypto asset trading platform; US 11,481,761 B2; 10/25/2022; CPC G06Q 20/3678; 5 claims; assigned to VVOW Company Limited.

ABSTRACT: A method for cryptocurrency exchange between multiple parties using threshold signature cryptocurrency wallets includes steps for creating threshold signature cryptocurrency wallets shared between a set of parties and a mediator for trading cryptocurrencies. The method may include steps for dividing a threshold private key, corresponding to each of the threshold signature cryptocurrency wallets, into n shares based on (t, n)-threshold signature scheme and sharing masked shares, corresponding to the threshold private key for each of the threshold signature cryptocurrency wallets, by the set of parties and the mediator. The method may include steps for validating correctness of all masked shares of the threshold private keys by the set of parties and the mediator. The method may include steps for signing a withdrawal cryptocurrency transaction jointly by the set of parties or signing a withdraw deposit transaction jointly by the at least one party and the mediator.

PATENT: Methods and apparatus for creating, tracking, and redeeming DLT-enabled digitized tokens from electricity generation; US 11,481,762 B2; 10/25/2022; CPC G06Q 20/3678; 18 claims; assigned to Dynamis Energy, LLC.

FIELD: This disclosure relates generally to distributed ledger systems and methods. More particularly, this disclosure relates to systems and methods for distributed ledger creation, tracking and redeeming of digitized tokens related to electricity or electrical power generation.

PATENT: Blockchain-based transaction processing method and apparatus and electronic device; US 11,481,765 B2; 10/25/2022; CPC G06Q 20/3821; 17 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A plurality of transactions initiated by a user through a user account and need to be concurrently executed is received. A Nonce list corresponding to the user account and maintained in a blockchain is accessed. The Nonce list includes a plurality of Nonce records, and each Nonce record includes a group identifier and a Nonce value. Available Nonce records are obtained for the plurality of transactions from the Nonce list. The available Nonce records are respectively added to the plurality of transactions. The plurality of transactions are published in the blockchain, so that a node device in the blockchain matches the available Nonce record in a transaction published by the client device with the Nonce records in the Nonce list. When the available Nonce record matches a target Nonce record in the Nonce list, the node device processes the transaction, and concurrently executes a plurality of the processed transactions.

PATENT: Local usage of electronic tokens in a transaction processing system; US 11,481,770 B2; 10/25/2022; CPC G06Q 20/387; 20 claims; assigned to Visa International Service Association.

ABSTRACT: A method for the use of electronic transactional tokens includes: generating a plurality of transactional tokens including a first token; associating each of the transactional tokens with a plurality of users, the first token associated with a first user; monitoring usage of the transactional tokens in a plurality of transactions in a local region or network; and in response to receiving transactional data for the first transaction, updating the first token from a first state to a second state (e.g., to provide a benefit when the token is applied in the local region or network). The tokens may be generated and monitored using a token processing system, which uses transaction data received by a transaction handler that is handling transaction processing for the transactions.

PATENT: One way functions in a resource transfer system; US 11,481,771 B2; 10/25/2022; CPC G06Q 20/389; 7 claims; assigned to Ripple Luxembourg S.A.

ABSTRACT: Systems and techniques are provided for a resource transfer system. An instruction to transfer a first quantity of a resource from a first resource pool to a second resource pool may be received. A hold may be placed on a second quantity of the resource in the first resource pool. The held second quantity of the first resource may not be transferred from the first resource pool until the hold is released. Responsive to receiving a message that fulfills a condition on the hold and an instruction to execute the transfer, the hold may be released. A register that is in the first resource pool and is associated with the resource may decremented by the first quantity, and a register that is in the second resource pool and is associated with the resource may be incremented by the first quantity.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,481,775 B2; 10/25/2022; CPC G06Q 20/4014; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for implementing blockchain-based transactions comprises: determining a transaction amount to be remitted from a remitter's blockchain account into a receiver's blockchain account, wherein a balance of the remitter's blockchain account comprises multiple reserve balances, and commitments of the reserve balances are recorded in a blockchain; selecting one or more of the reserve balances from the remitter's blockchain account, wherein the sum of the selected one or more reserve balances is not smaller than the transaction amount; and submitting to the blockchain a transaction comprising an identification of each of the selected one or more reserve balances and a commitment of the transaction amount, for the selected one or more reserve balances to be removed from the remitter's blockchain account and the transaction amount to be added to the receiver's blockchain account.

PATENT: Validating encrypted data from a multi-layer token; US 11,481,775 B2; 10/25/2022; CPC G06Q 20/405; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: A message processing server includes a message processor and a database of multi-layer tokens. Each token in the database includes a plurality of encrypted data layers. The first layer includes a first data pointer. A primary layer includes the first layer and identifies a reference data value. The message processor receives from a communications device an authentication request identifying a first data value, validates the authentication request from the first data value and the reference data value configured in one of the multi-layer tokens, receives a first authorization message including a first cryptographic key, derives a first decrypted data layer from the first cryptographic key and the first encrypted data layer of the one multi-layer token, and validates the first data pointer by receiving confirmation of the first data pointer pointing to a database entry comprising a second data value less than the reference data value.

PATENT: Genuine instance of digital goods; US 11,481,786 B2; 10/25/2022; CPC G06Q 30/0185; 18 claims; assigned to Sony Corporation.

ABSTRACT: Processing a genuine instance of a digital good using a blockchain including: registering an ownership of the genuine instance using a plurality of transactions, the genuine instance uniquely identified by a content descriptor which is cryptographically linked to an ownership token and includes intrinsic characteristics of the genuine instance, wherein the ownership token includes a token seed and a token signature; validating each transaction of the plurality of transactions by a plurality of validators; and recording that the genuine instance belongs to an owner by recording each transaction of the plurality of transactions in the blockchain once each transaction has been validated.

PATENT: Systems, apparatus and methods for identifying distinguishing characteristics of fungible assets using zero-knowledge proof on a distributed ledger-based network; US 11,481,841 B2; 10/25/2022; CPC G06Q 40/04; 27 claims; assigned to EYGS LLP.

ABSTRACT: In some embodiments, a method includes storing data associated with fungible assets in a distributed ledger database. The method includes dividing fungible tokens into a first set of groups of fungible tokens based on the data and sending, via the distributed ledger-based network and based on an asymmetric cryptography key pair, each group of fungible tokens from the first set of groups of fungible tokens to a communication device from the first set of communication devices to cause the second plurality of communication devices to send, to a designated recipient communication device, non-fungible tokens for each group of fungible tokens from the second set of groups of fungible tokens. The first set of groups of fungible tokens is divided into a second set of groups of fungible tokens and received at a second set of communication devices.

October 18, 2022

Total CPC G06Q Subclass (business methods) patents issued:  166

Financial industry business method patents reviewed herein:   10

PATENT: Distributed ledger certification; US 11,475,403 B2; 10/18/2022; CPC G06Q 10/087; 20 claims; assigned to Amazon Technologies, Inc.

ABSTRACT: Features are disclosed for an interface for verifiable tracking of an item through a supply chain using a distributed electronic ledger. For example, when an item is added to a catalog system, the item information may be included in the creation element at the start of the ledger for the item. A certification authority may be included to verify that items received correspond to the item included in the catalog based on one or more certification rules.

PATENT: Blockchain-based property management; US 11,475,422 B2; 10/18/2022; CPC G06Q 20/1235; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Methods, systems, and apparatuses for blockchain-based property management are described herein. According to a first embodiment of the disclosure, a plurality of computing systems may be established at a plurality of points along a supply chain associated with the manufacture, shipment, and sale of a physical property item. At each of the plurality of points, the plurality of computing systems may identify data corresponding to the physical property item, which may be stored on a blockchain associated with a decentralized peer-to-peer (e.g., P2P) network. According to a second embodiment of the disclosure, content creator computing devices may transmit digital property item upload requests to a digital property management computing device, which may generate smart contracts corresponding to the requests. Through execution of the smart contracts, access may be granted to digital property items and fees may be provided to the content creator computing devices.

PATENT: Methods, systems, and devices for managing digital tokens, cryptocurrencies, and other distributed ledger-related data; US 11,475,432 B2; 10/18/2022; CPC G06Q 20/3224; 8 claims.

ABSTRACT: Example embodiments relate to systems, devices, logic, methods, and processes for managing distributed ledgers. In an exemplary embodiment, the method may include identifying, by a processor, one or more desired user attributes. The method may also include searching, by the processor, a database. The database may include a plurality of users and a plurality of stored attributes for each user. The method may also include selecting, by the processor from the database, one or more candidate users. Each candidate user may be a user having one or more stored attributes that match the one or more desired user attributes. The method may also include processing, by the processor, a distribution of one or more distributed ledger data to one or more of the candidate users.

PATENT: Local digital token transfer during limited or no device communication; US 11,475,434 B2; 10/18/2022; CPC G06Q 20/3278; 20 claims; assigned to PayPal, Inc.

ABSTRACT: There are provided systems and methods for local digital token transfer during device communication limitations. A first computing device of a first user may include applications and data necessary to generate and/or transmit a data token to a second device to provide particular data to the second device, including a token used for electronic transaction processing. The first device may be unable to communicate with the second device in particular instances, for example, if the first device becomes non-operational due to battery power, location specific requirements, or other operation issue. Thus, the first device may store the token locally or to a nearby associated device, such as a keyfob device or other transceiver. The token may then be available to a third device when the first device is limited from communications, which may be used to communicate the token to the second device.

PATENT: Method and apparatus for managing subject data based on block chain; US 11,475,437 B2; 10/18/2022; CPC G06Q 20/382; 10 claims; assigned to SungShin Women’s University R&D Foundation.

ABSTRACT EXCERPT: block-chain-based subject data management method which is performed by a processor of a subject data management apparatus includes: creating subject data in accordance with a request of a user device; creating first metadata related to the subject data; creating a first block including the created first metadata to store the first block in a block chain included in the subject data management apparatus; creating first code information based on information included in the first block; and storing the created first code information and the subject data in a database, and the first code information is used as address information of the database in which the subject data is stored.

PATENT: Real-time processing distributed ledger system; US 11,475,438 B2; 10/18/2022; CPC G06Q 20/382; 15 claims; assigned to Bank of America Corporation.

ABSTRACT: A system, computer program product, and method for executing real-time processing of resource transfers using distributed ledger technology is provided. In particular, the system utilizes a private or semi-private blockchain to create a distributed ledger which comprises a record of all resource transfers between a number of entities. The real-time processing system addresses a number of computer technology-centric challenges associated with executing resource transfers. In particular, executing resource transfers on a real-time basis allows the nodes of the blockchain to more evenly distribute computing workload over time when compared to more traditional resource transfer systems that use batch processing to execute transfers.

PATENT: Blockchain-enabled service delivery evidence system; US 11,475,441 B2; 10/18/2022; CPC G06Q 20/3829; 13 claims; assigned to Netspective Communications LLC.

ABSTRACT EXCERPT: A system is provided for automated recording of evidence of delivery of a service in a service setting. The system includes a mobile communication device, a web-based interaction component, and a service control system. The system includes a service interface device to generate an electronic signal. The electronic signal includes a first SMS transmitted to the mobile communication device and a second SMS transmitted to the service control system.

PATENT: System, method and program product for modifying a supply of stable value digital asset tokens; US 11,475,442 B1; 10/18/2022; CPC G06Q 20/3829; 21 claims; assigned to Gemini IP, LLC.

ABSTRACT: The present invention generally relates to a method, system and program product for modifying a supply of stable value digital asset tokens tied to a blockchain.

PATENT: Systems and methods for anonymous cryptocurrency transactions; US 11,475,444 B2; 10/18/2022; CPC G06Q 20/383; 14 claims; assigned to Consensys Software Inc.

ABSTRACT: Systems and methods for anonymous cryptocurrency transactions are disclosed. A method may include: receiving, from the electronic device associated with a sender of a cryptocurrency transaction, a zero-knowledge statement comprising a shuffled and anonymized list of participants comprising the sender, a receiver of the cryptocurrency transaction, and a plurality of decoy participants, a transfer amount, and a remaining balance, and a secret witness, wherein each participant is associated with an index; generating one-out-of-many proofs for the sender and the receiver based on their associated indices; generating a Basic Zether proof for the transfer amount and the remaining balance; conducting many-out-of-many proofs with parameters chosen for an anonymous payment setting; and constructing a zero-knowledge proof for the zero-knowledge statement. The sender sends an ordered list of the participants and the zero-knowledge proof to a verifier using the FiatShamir transform, and the verifier verifies the zero-knowledge proof.

PATENT: Secure authentication system with token service; US 11,475,445 B2; 10/18/2022; CPC G06Q 20/385; 17 claims; assigned to Visa International Service Association.

ABSTRACT: An enhanced authentication system is described. One embodiment of the invention is directed to a method comprising: receiving, by a token service computer and from an initiating computer, a first authentication request message including verification method data and a token; transmitting, by the token service computer, a second authentication request message comprising the token and the verification method data to an access control server; receiving, by the token service computer from the access control server, an authentication response message comprising the token and a user authentication verification value; and transmitting, by the token service computer to the initiating computer, the authentication response message comprising the token, the user authentication verification value, and a token authentication verification value.

October 11, 2022

Total CPC G06Q Subclass (business methods) patents issued:  166

Financial industry business method patents reviewed herein:   10

PATENT: Secure shipping interactions using blockchains; US 11,468,390 B2; 10/11/2022; CPC G06Q 10/0832; 20 claims; assigned to eBay Inc.

ABSTRACT EXCERPT: Technologies are shown for securing private information during shipping of an item storing shipping information at a blockchain address that includes a recipient geolocation address and generating a shipping label that includes a machine-readable pointer to the blockchain address.

PATENT: Method and system of mining blockchain transactions provided by a validator node; US 11,468,411 B2; 10/11/2022; CPC G06Q 20/065; 20 claims; assigned to nChain Licensing AG.

ABSTRACT EXCERPT: Validator nodes and methods of operating a validator node to process blockchain transactions. The validator node provides a plurality of mining nodes with access to a set of unconfirmed transactions, typically by providing a hash of those transactions, in exchange for a token from each of the mining nodes. If one of the plurality of mining nodes successfully mines a block containing the set of unconfirmed transactions, the validator node refunds the token to that mining node and retains the remaining tokens.

PATENT: Systems and methods for math-based currency escrow transactions; US 11,468,413 B1; 10/11/2022; CPC G06Q 20/0658; 20 claims; assigned to Wells Fargo Bank, N.A.

BACKGROUND: Embodiments of the present invention relate generally to escrow systems and methods for transactions involving math-based currency. Math-based currency (“MBC”), often referred to as cryptocurrency, is rising in popularity, use, and public acceptance. MBC differs from fiat currency (i.e., currency that is declared by a government to be a legal tender) in that principles of cryptography are used to create, secure, and transfer MBC directly from a first user to a second user instead of passing a fiat currency. A user of MBC can transfer funds to another party by using a private key associated with a certain value of MBC.

PATENT: System and method for authorizing blockchain network transactions; US 11,468,431 B2; 10/11/2022; CPC G06Q 20/36; 15 claims; assigned to Forte Labs, Inc.

ABSTRACT: Systems and methods are provided that authorize blockchain network transactions based on a work requirement. A blockchain network has a plurality of nodes. At least one node of the plurality of nodes is configured to determine whether a token has satisfied a work requirement. The work requirement represents participation of performing work within the blockchain network. The at least one node is further configured to approve a transaction as a function of determining that the work requirement has been satisfied and, to disapprove the transaction as a function of determining that the work requirement has not been satisfied. By enabling the transaction to be approved based on a work requirement, the token, for example, can be authenticated as having an inherent functional value. In this way, the blockchain network or token exchange can attest to the token not being a security, which would be subject to federal securities and regulations.

PATENT: Systems and methods for facilitating transactions using a digital currency; US 11,468,436 B2; 10/11/2022; CPC G06Q 20/3678; 28 claims; assigned to Ridgeview Digital LLC.

ABSTRACT: Systems and methods for facilitating a transaction between a first entity and a second entity using a digital currency are described. In some aspects, a computing node participates in a private distributed ledger for a financial institution and stores one or more transaction blocks representing transactions in a digital currency. The digital currency is issued by the financial institution and is fixed with respect to a fiat currency. The computing node is configured to receive a transaction for transferring an amount of digital currency from a first entity to a second entity, generate a new transaction block representing the transaction, transmit the new transaction block to other computing nodes participating in the private distributed ledger, receive an indication of validity of the new transaction block, and insert the new transaction block into the private distributed ledger.

PATENT: Systems and methods for blockchain based proof of payment; US 11,468,439 B2; 10/11/2022; CPC G06Q 20/3829; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: A proof-of-payment system may receive a payment confirmation including a transaction amount and a merchant identifier. The system may select a record from a registration repository by matching the merchant identifier to the record. The record may have a public key associated with the merchant identifier via a registration process, for example. The system may also generate a proof-of-payment payload comprising an identifier and a payment amount, and encrypt the proof-of-payment payload using the public key. The system may write the encrypted proof-of-payment payload to a blockchain maintained on a first blockchain node.

PATENT: Use of blockchain based distributed consensus control; US 11,468,518 B2; 10/11/2022; CPC G06Q 40/12; 21 claims; assigned to TransActive Grid Inc.

ABSTRACT: A system for the cryptographically-secure, autonomous control of devices comprising, connected to or remotely operating devices in an electrically powered network and the transaction of the benefits, costs or value created by or transacted through the devices in this electrically powered network.

PATENT: Personal currency in a blockchain system; US 11,468,522 B2; 10/11/2022; CPC G06Q 50/01; 10 claims; assigned to Eversus International Limited.

ABSTRACT: A blockchain system based on at least one individual, having a virtual currency means of storing of personal virtual currency based on a personal identity of the individual; a personal history medium including personal history data, characterised in that the personal history data has: a value medium for storing a virtual human value relating to the individual, in which the system having the personal history data performs scoring on the personal identity based on the virtual human value, the biographical data and the virtual family tree, such that the personal identity scoring will set or store at least one value for the personal virtual currency in the blockchain system to perform virtual transactions with other individual or corporations. The blockchain system stores data collected from IOT embedded devices and other computing devices, enabling individuals to connect in a global social network based on family trees.

PATENT: Coordination platform for generating and managing authority tokens; US 11,468,525 B2; 10/11/2022; CPC G06Q 50/18; 18 claims; assigned to Bank of America Corporation.

ABSTRACT EXCERPT: Aspects of the disclosure relate to using secure authentication tokens to grant power of attorney. A computing platform may receive user input indicating a task and requesting that a power of attorney be granted to an individual. The computing platform may generate an authority token granting the individual the power of attorney to perform the task, and may send the authority token, along with task information indicating the task, to the individual. The computing platform may receive a validation request including the authority token and the task information.

PATENT: Methods and apparatus for rewarding user on-line course performance via blockchain mining; US 11,468,531 B1; 10/11/2022; CPC G06Q 50/205; 27 claims; assigned to Amesite Inc.

ABSTRACT: A method for a computer system includes receiving a request from a client system comprising a request for streaming data, providing to the client system the streaming data, receiving from the client system, the user activity data in response to providing the streaming data, determining whether the user activity data exceeds a threshold activity level, instantiating a blockchain mining software instance when the user activity data exceeds the threshold activity level, associating the blockchain mining software instance with a user of the client system, and sending a notice to the client system that the block chain mining software instance is associated with the user.

October 4, 2022

Total CPC G06Q Subclass (business methods) patents issued: 

Financial industry business method patents reviewed herein:   10

PATENT: Block chain recordation of in-kind payments; US 11,461,746 B1; 10/4/2022; CPC G06Q 20/10; 13 claims; assigned to Sprint Communications Company L.P.

ABSTRACT: A method recording in-kind payments from a wireless communication service account. The method comprises building a block-chain associated with a wireless communication service account by an application executing on a computer system, where the block-chain encapsulates logic instructions, building a first block recording a first in-kind payment by the application based on executing the logic instructions encapsulated in the block-chain, where the first block comprises a first plurality of event records, a first nonce value, and a first hash value based on a hash value from a preceding block, on the first plurality of event records, and the first nonce value, and sending an in-kind payment authorization message to a wireless communication service billing system, whereby the first in-kind payment is committed.

PATENT: Mobile wallet using tokenized card systems and methods; US 11,461,766 B1; 10/4/2022; CPC G06Q 20/36; 7 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A mobile wallet computer server receives a fund access request from a user device. The fund access request is made in connection with a payment transaction. The mobile wallet server generates a tokenized card number, transmits the tokenized card number to the user device, and receives receive the tokenized card number from a card network computer system after having been routed from the user device via a merchant computer system and via an acquirer processor computer system. The mobile wallet computer server converts the tokenized card number to the actual credit card account number of the user and transmits the actual credit card account number to the card network computer system to process the payment transaction.

PATENT: Requesting payments for selected items or services using payment tokens; US 11,461,767 B2; 10/4/2022; CPC G06Q 20/367; 20 claims; assigned to PayPal, Inc.

ABSTRACT: There are provided systems and methods for requesting payment for selected items or services using payment tokens. A first user, such as a requester for a transaction, may initiate a transaction with a merchant for at least one item or service. Upon checkout for the transaction, the first user may request that a second user complete payment for the transaction, such as a parent, spouse, or relative. A payment provider may generate a token for the transaction and instruct the merchant to hold the transaction for a period of time. The token may be communicated to the second user, a payer, for the transaction. The second user may then decide to authorize or decline payment for the transaction. The token may be kept valid for a period of time and the transaction may be cancelled with the merchant if the token is not paid for within the period.

PATENT: Systems and methods for data file transfer balancing and control on blockchain;

US 11,461,768 B2; 10/4/2022; CPC G06Q 20/3674; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT EXCERPT: A balance and control system may write a data file transfer confirmation from a transmitter system to a blockchain in response to the transmitter system transmitting a data file to a receiver system with the confirmation including a transmitter system address, a receiver system address, and a first hash of the data file. The system may also write a data file transfer acknowledgement from a receiver system to the blockchain with the acknowledgement including the transmitter system address, the receiver system address, and a second hash of the data file.

PATENT: Hybrid digital ledger control with address encoding; US 11,461,771 B2; 10/4/2022; CPC G06Q 20/3678; 26 claims; assigned to FirstBlood Technologies, Inc.

ABSTRACT: Disclosed techniques enable hybrid digital ledger control with address encoding. A digital ledger is accessed using a centralized computing platform. The digital ledger comprises a decentralized blockchain. A wallet address for a user is determined, where the wallet address is associated with a digital token in the digital ledger. A digitally mapped value is encoded based on the wallet address. The digitally mapped value includes the wallet address, a transaction amount, and a type of digital currency. Access to the digital token is enabled, where the access is enabled using the encoding, the centralized computing platform, and the digital ledger. A smart contract is updated using the centralized computing platform, where the updating reflects the access enabled to the digital token.

PATENT: Blockchain-based node management methods and apparatuses; US 11,461,773 B2; 10/4/2022; CPC G06Q 20/38215; 13 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT EXCERPT: In an aspect, a system receives, by an existing node of a blockchain, a target transaction, wherein the target transaction comprises a certificate of a new node and a unique identifier of the new node; verifies the target transaction by the target transaction passing consensus verification of the blockchain; and after the target transaction passes consensus verification of the blockchain to verify the blockchain, records, in a node identity table that is used to record a certificate of a blockchain node and a unique identifier that is of the blockchain node and that corresponds to the certificate, the unique identifier and the certificate of the new node.

PATENT: Creating and managing artificially intelligent entities represented by non-fungible tokens on a blockchain; US 11,461,773 B1; 10/4/2022; CPC G06Q 20/38215; 21 claims.

ABSTRACT EXCERPT: Some examples of the present disclosure relate to generating artificially intelligent entities represented on a blockchain using a non-fungible token (NFT). In one such example, a system can generate an NFT on a blockchain. The NFT can represent an artificially intelligent entity. The system can also generate a personality dataset on the blockchain, the personality dataset describing personality characteristics of the artificially intelligent entity.

PATENT: Cross-ledger transfers between distributed ledgers; US 11,461,777 B2; 10/4/2022; CPC G06Q 20/389; 17 claims; assigned to TBCASOFT, Inc.

ABSTRACT EXCERPT: Disclosed are methods and instruction code for writing a cross-ledger transfer in a way that effectively transfers value from a source distributed ledger to a target distributed ledger while preventing double spending of the value. This results in the transformation of the ledgers in that the total value in the source ledger is decreased by the transferred value while the total value in the target ledger is increased by the same amount.

PATENT: System and method of a smart contract and distributed ledger platform with blockchain custody service; US 11,461,842 B2; 10/4/2022; CPC G06Q 40/025; 24 claims; assigned to Strong Force TX Portfolio 2018, LLC.

CLAIM 1 EXCERPT: a blockchain service circuit structured to interface with a distributed ledger provided by a blockchain that stores data relating to secured loans and corresponding collateral data relating to collateral items, the blockchain service circuit comprising a first application programming interface (API) component. (Application withdrawn.)

PATENT: Net settlement of subrogation claims using a distributed ledger; US 11,461,861 B1; 10/4/2022; CPC G06Q 50/18; 20 claims; assigned to State Farm Mutual.

ABSTRACT: Aspects of distributed ledger technology are leveraged to verify subrogation settlements. In particular, two parties to a subrogation claim provide cryptographic hashes to a subrogation demand smart contract stored at an address on a blockchain. The subrogation demand smart contract determines that the parties have reached an agreement by determining that the cryptographic hashes match. A settlement amount from the subrogation claim may be appended to a set of settlement amounts to determine a net settlement amount to facilitate a single payment between the parties on a periodic basis, such as daily, to alleviate the need for the parties to send or receive a payment for each individual settlement amount.