Patents By Frip

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.

September 27, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Automated conflict resolution; US,455,598 B2; 9/27/2022; CPC G06Q 10/10; 20 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of setting, by a first node, a cut-off time for a resolution of an update to a service contract received from at least one node of a plurality of second nodes over a blockchain, acquiring, by the first node, resolution parameters from a blockchain ledger, and executing a smart contract to resolve the service contract based on the update to the service contract and the resolution parameters.

PATENT: Transaction management system providing payment functionality between mobile devices and token identifier devices; US,455,615 B1; 9/27/2022; CPC G06Q 20/326; 23 claims; assigned to TipTap Inc.

ABSTRACT EXCERPT: A payment or gratuity action is initiated by a payer using their mobile device, such as mobile communication handset, to scan a token identifier stored in the payee's token identifier device. In one example, the token identifier device is an RFID or NFC type device. After the token identifier is obtained, the mobile device communicates the TokenID, gratuity amount, and payer authentication information to a transaction management system that validates and attempts to transfer funds between the two entities.

PATENT: Device-associated token identity; US,455,621 B2; 9/27/2022; CPC G06Q 20/3674; 20 claims; filed by Idemia Identity & Security USA LLC.

ABSTRACT: Techniques are disclosed for generating a token identity that is assigned to a device identity module of a customer device. The token identity may be used to incorporate various types of customer identifier data to verify a customer identity during an electronic transaction. For instance, a customer may initially provide customer information on a customer device, which may be used to obtain a digital identification associated with the customer. The customer may subsequently provide an input including a customer identifier on the customer device, which may be verified against the customer information included in the digital identification.

PATENT: Computer system and computer-implemented method for authenticating a contactless payment transaction; US,455,622 B2; 9/27/2022; CPC G06Q 20/3674; 15 claims; assigned to Mastercard International Incorporated.

FIELD: The present disclosure relates to a computer system and computer-implemented method for authenticating a contactless payment transaction. In particular, the disclosure relates to authenticating a contactless payment transaction locally (i.e., at a Point of Sale (POS) terminal) or offline.

PATENT: System of security using blockchain protocol; US,455,627 B2; 9/27/2022; CPC G06Q 20/389; 21 claims; assigned to Haventec Pty Ltd.

ABSTRACT EXCERPT: A data record structure adapted for transmission over a network; the data record generated on a network device participating in a Blockchain which has an device unique identifier; the data record structure containing at least a first record and a first unique identifier record; the first record containing data for transmission over the network to a device having a receiving device unique identifier; the first unique identifier record containing the device unique identifier.

PATENT: Method for secure peer-to-peer communication on a blockchain; US,455,630 B2; 9/27/2022; CPC G06Q 20/401; 12 claims; assigned to nChain Holdings Limited.

ABSTRACT EXCERPT: The invention comprises a computer-implemented method and system for controlling an exchange process, such as a loan, conducted between at least two parties via a blockchain such as the Bitcoin blockchain. A method according to the invention may comprise the step of generating a first blockchain transaction which includes a redeem script. The redeem script comprises a cryptographic public key associated with an initiating party and metadata which includes a hash of an exchange-related document; a redeem address; and an amount of digital currency.

PATENT: Managing transaction requests in ledger systems; US,455,631 B2; 9/27/2022; CPC G06Q 20/401; 20 claims; assigned to Alipay (Hangshou) Information Technology Co. Ltd.

ABSTRACT EXCERPT: Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for managing transaction requests in ledger systems.

PATENT: Distributed ledger based interchange; US,455,642 B1; 9/27/2022; CPC G06Q 20/405; 15 claims; assigned to USAA.

ABSTRACT EXCERPT: Techniques are described for a distributed ledger based interchange system for transferring value between entities. A decentralized and distributed ledger system, such as a blockchain network, may include treasury accounts each associated with an institution that participates in the system.

PATENT: Blockchain with transaction cancellation; US,455,643 B2; 9/27/2022; CPC G06Q 20/407; 10 claims; assigned to Koninklijke KPN N.V.

ABSTRACT: Some embodiments are directed to a blockchain management device configured to apply a symmetric hash function over multiple transactions received over the communication interface thus obtaining a hash value, and to generate a consensus proof over at least the hash value, and to assemble a new block for inclusion in the blockchain.

PATENT: Attribution of conversion made by a client using impression block and conversion block; US,455,651 B2; 9/27/2022; CPC G06Q 30/0242; 17 claims; assigned to Meta Platforms, Inc.

ABSTRACT: A content publisher may transfer an impression token value to a user in response to the content publisher displaying an advertisement for a merchant to the user. The content publisher may record the transfer on a zero knowledge blockchain. The merchant may transfer a conversion token value to the user in response to the user making a purchase from the merchant. The merchant may record the transfer on the zero knowledge blockchain. The user may transfer the impression token value and the conversion token value to a measurement company. The measurement company may calculate attribution and lift results for the advertisement.

September 20, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based authentication and authorization; US 11,449,819 B2; 9/20/2022; CPC G06Q 10/0832; 20 claims; assigned to eBay Inc.

ABSTRACT: The disclosed technologies include receiving a request from a second computing device to verify ownership of a blockchain address. A challenge content is generated and sent to the requestor. A signature is received comprising a hash of the challenge content generated using a private key. A public key corresponding to the private key is obtained, and the signature is validated using the public key. In response to validating the signature, a characteristic is associated with a user associated with the blockchain address.

PATENT: Systems and methods for private settlement of distributed ledger transactions; US 11,449,842 B2; 9/20/2022; CPC G06Q 20/0658; 10 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for private settlement of distributed ledger transactions are disclosed. In one embodiment, in an information processing device for a node for a first party in a computer network comprising at least one computer processor, a method for transferring assets with transaction privacy using a distributed ledger may include: (1) receiving, from the first party, a transaction to transfer ownership of one or more first z-tokens to a second party in exchange for second z-tokens; (2) receiving, from the second party, acceptance of the transaction; (3) committing the transaction to a distributed ledger; and (4) executing the transaction and updating a state to update a number of first z-tokens and a number of second z-tokens for the first party and the second party based on the transaction.

PATENT: System and method using interaction token; US 11,449,862 B2; 9/20/2022; CPC G06Q 20/38215; 14 claims; assigned to Visa International Service Association.

ABSTRACT: A communication device may receive input from a user and initiate generation of an interaction token in response. This interaction token can be used by the communication device in order search for a specific resource provider computer from among one or more resource provider computers, and to initiate a resource transfer between the user and a specific resource provider, mediated by a token provider computer.

PATENT: Expedited E-commerce tokenization; US 11,449,863 B2; 9/20/2022; CPC G06Q 20/401; 18 claims; assigned to Visa International Service Association.

ABSTRACT: Expedited E-Commerce Tokenization alleviates concerns associated with cards for merchants as well as payment service providers (PSPs) using tokens by establishing E-Commerce browser standards around tokenization for merchants and PSPs through a standard manner of requesting customer data in an encrypted manner following a standard.

PATENT: Method and device for avoiding double-spending problem in read-write set-model-based blockchain technology; US 11,449,865 B2; 9/20/2022; CPC G06Q 20/401; 12 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT EXCERPT: One of the methods includes receiving instructions to execute two or more blockchain transactions on a piece of data, where all blockchain transactions of the two or more blockchain transactions modify a value of the piece of data, and for each blockchain transaction from the two or more blockchain transactions, pre-executing a smart contract associated with the blockchain transaction to generate a special instruction indicating the blockchain transaction, where the special instruction is used to validate that a current value of the piece of data supports the blockchain transaction when executing the smart contract to write the blockchain transaction to a blockchain.

PATENT: Blockchain transaction reconciliation method and apparatus, and electronic device; US 11,449,873 B2; 9/20/2022; CPC G06Q 20/407; 19 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A blockchain transaction record that is selected from a blockchain account book associated with a blockchain and satisfies a specified condition is obtained by a blockchain member. The blockchain transaction record is compared with an off-chain transaction record maintained by the blockchain member to obtain a comparison value indicating whether the off-chain transaction record is consistent with the blockchain transaction record. If the comparison value indicates that the off-chain transaction record is inconsistent with the blockchain transaction record, the off-chain transaction record is modified based on the blockchain transaction record to make the off-chain transaction record consistent with the blockchain transaction record.

PATENT: Methods, apparatuses, devices, and systems for asset transfer; US 11,449,876 B2; 9/20/2022; CPC G06Q 30/018; 16 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT EXCERPT: The method includes the following: a blockchain node receives an asset transfer request sent by a first client device; invoking a first smart contract in a blockchain, and locking a to-be-transferred asset based on the first smart contract and asset transfer information included in the asset transfer request.

PATENT: Blockchain-based document registration for custom clearance; US 11,449,911 B2; 9/20/2022; CPC G06Q 30/0609; 18 claims; assigned to Alipay Labs (Singapore) Pte. Ltd.

ABSTRACT EXCERPT: One of the methods includes: at a service platform, receiving first information related to an order, wherein the first information is provided, or to be provided, to a service authority for clearance of the order; at the service platform, encrypting at least a portion of the first information to generate encrypted first data; and sending the encrypted first data to a blockchain network to store the encrypted first data on a blockchain managed by the blockchain network, wherein the encrypted first data are stored on the blockchain through consensus of blockchain nodes of the blockchain network.

PATENT: Data auditing method and device; US 11,449,932 B2; 9/20/2022; CPC G06Q 40/025; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT EXCERPT: A query request is forwarded to a plurality of service provider servers by a proxy server that determines a serial number based on the query request. An encrypted query result corresponding to the query request is received from each service provider server, and a copy of the encrypted query result is stored as a result to be audited in a blockchain that associated with each service provider server. An audit request is sent to at least one service provider server. The result to be audited is obtained from the blockchain corresponding to the service provider server. As a standard result, an encrypted query result is received from the service provider server.

PATENT: Methods and systems for tracking unspent transaction output (UTXO) tokens in a distributed ledger technology-based network; US 11,449,938 B2; 9/20/2022; CPC G06Q 40/04; 20 claims; assigned to PayPal, Inc.

FIELD: The present specification generally relates to distributed ledger technology-based networks (DLTNs) operating unspent transaction output (UTXO)-based token transaction model, and more specifically, to tracking and clawing back UTXO tokens in such DLTNs, according to various embodiments.

September 13, 2022

Total CPC G06Q Subclass (business methods) patents issued: 153

Financial industry business method patents reviewed herein:   10

PATENT: Method, apparatus, and device for generating and updating blockchain warehouse receipt; US 11,443,278, B2; 9/13/2022; CPC G06Q 10/0875; 21 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: A method for generating a blockchain warehouse receipt includes: obtaining item registration information provided by a first user; generating a blockchain warehouse receipt including basic type fields according to the item registration information by invoking a first smart contract, the basic type fields including a warehouse receipt type field, a warehouse receipt ID field, a generation time field, a state field, a category field, a property owner field, a quantity field, and a weight field; and storing the blockchain warehouse receipt in a blockchain network.

PATENT: Syncing blockchain nodes with snapshots; US 11,443,302, B2; 9/13/2022; CPC G06Q 20/3672; 20 claims; assigned to Coinbase, Inc.

CLAIM 1: A method comprising: with a blockchain platform: spawning a snapchain node having a snapchain configuration; generating first snapshot tag information for the snapchain node based on a configuration of the snapchain node; and sending a signal to generate a first snapshot of a first chain-state of the snapchain node and store the first snapshot in association with the first snapshot tag information, wherein sending the signal to generate the first snapshot of the first chain-state of the snapchain node and to store the first snapshot in association with the first snapshot tag information comprises: sending a snapshot request to a datastore storing the first chain state, wherein the snapshot request identifies the first snapshot tag information.

PATENT: Method for routing to mesh network content utilizing blockchain technology; US 11,443,303, B2; 9/13/2022; CPC G06Q 20/3678; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Techniques for routing to content within a mesh network based on a blockchain are provided. An electronic device can receive data from a mesh network to establish the device as a node on the mesh network. The established node can generate a cryptocurrency wallet that can be loaded with an amount of cryptocurrency. A blockchain can store searchable transactions related to content stored within the mesh network. The established node can search the blockchain to locate content and can transmit a request for certain content. The established node may issue a payment to a node hosting the requested content and/or to any intermediate nodes facilitating the established node's access to the content.

PATENT: Method and system for blockchain transaction confirmation for small merchants; US 11,443,311, B2; 9/13/2022; CPC G06Q 20/3829; 12 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for facilitating payment transactions for offline merchants through a third party service provider includes: receiving, by processing server, a confirmation message for a payment transaction from a computing device including a merchant identifier, consumer identifier, and transaction amount; generating, by the processing server, a notification message including the merchant identifier, consumer identifier, and transaction amount; encrypting, by the processing server, the notification message using a public key of a first cryptographic key pair; transmitting, by the processing server, the encrypted notification message to the computing device; receiving, by an encryption device, the encrypted notification message from the computing device; decrypting, by the encryption device, the encrypted notification message using a private key of the first cryptographic key pair; and displaying, by a display interfaced with the encryption device, a confirmation message including the consumer identifier included in the decrypted notification message.

PATENT: Tracing flow of tagged funds on a blockchain; US 11,443,317, B2; 9/13/2022; CPC G06Q 20/4016; 12 claims; assigned to Salt Blockchain, Inc.

ABSTRACT: A system for "tagging" funds identified on a blockchain and associating a weight value therewith. The tagging profile is developed into a propagation profile wherein weight values are inherited from the tagging profile s. Propagation profile funds may be diluted by combining with non-tagged funds, similar to how ink dilutes through water. A spending history of funds of interest is developed based on replaying the funds of interest against the global transaction history of the blockchain. It is determined whether the spending history intersects with the propagation profile, thus determining how closely the two sources of funds are economically to one another. Intersection triggers actions including alert notifications or transfer of funds on the blockchain.

PATENT: Method and apparatus for implementing a block chain node device; US 11,443,317, B2; 9/13/2022; CPC G06Q 30/018; 18 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Various methods, apparatuses/systems, and media for implementing a block chain node device are disclosed. A processor allows hosting a received smart contract on a block chain ledger. The smart contract includes a digital model of a contract that describes base policy between an organization and a client. A receiver receives a side car contract from an external database. The side car contract includes a digital addendum to the smart contract and one or more modifications to one or more terms of the contract according to one or more regulatory provisions. The processor attaches the side car contract to the smart contract, and causes a graphical user interface (GUI) to report the one or more terms of the contract according to the one or more modifications in the side car contract in response to one or more received requests to thereby facilitate compliance with the regulatory provisions.

PATENT: Resource transfer and capital transfer method and apparatus; US 11,443,368, B2; 9/13/2022; CPC G06Q 40/025; 16 claims; assigned to Advanced New Technologies Co., Ltd.

SUMMARY: Embodiments of the present application provide a resource transfer method and apparatus, a corresponding electronic device, and a computer-readable storage medium, to protect privacy information of both a resource transferor and transferee during resource transfer.
The embodiments of the present application further provide a capital transfer method and apparatus, a corresponding electronic device, and a computer-readable storage medium, to protect privacy information of both a capital borrower and lender during capital transfer.

PATENT: Blockchain instrument for transferable equity; US 11,443,379, B1; 9/13/2022; 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: Blockchain-based referral tracking system (BRTS); US 11,443,393, B2; 9/13/2022; CPC G06Q 50/01; 20 claims; assigned to Lucas GC Limited.

ABSTRACT EXCERPT: Methods and systems are provided for blockchain-based social media commerce referral tracking system (BRTS). In one novel aspect, the blockchain is used to support traceability and transparency for the referral tracking system that monitors transactions of one or more user generated contents (UGCs) with one or more actionable items. Traceability and transparency foster trust among participants. In one embodiment, the BRTS tracks transactions of a UGC, updates a UGC record upon detecting one or more predefined transactions at a receiving node, detects one or more exit transactions at an ending node, and adds a UGC tuple of transactions from the originator node to the ending node based on the UGC record to a blockchain database upon detecting the one or more exit conditions.

PATENT: Blockchain based building action management; US 11,443,394, B2; 9/13/2022; CPC G06Q 50/163; 19 claims; assigned to IBM.

ABSTRACT: Methods, computer program products, and systems are presented. The method computer program products, and systems can include, for instance: obtaining first building event transaction data of a building using a first data source; recording a first blockchain block in a blockchain ledger, the first blockchain block having a timestamp and the first building event transaction data; obtaining second building event transaction data of the building using a second data source; recording a second blockchain block in the blockchain ledger, the second blockchain block having a timestamp, and the second building event transaction data; examining data of the first blockchain block and the second blockchain block; and providing one or more output in dependence on the examining.

September 6, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Transaction processing device, transaction processing method, and program for same; US 11,436,593 B2; 9/6/2022; CPC G06Q 20/3674; 14 claims; assigned to Bitflyer Blockchain, Inc.

ABSTRACT: A method of recordation request of a compound transaction to a blockchain distributed network, comprising steps of: the first node constituting the distribution network signing a compound transaction in which a plurality of sources of assets exist by a secret key of the node, when there is a remaining source by which the compound transaction needs to be signed, the first node transmitting the compound transaction to a second node constituting the distributed network, and when there is no remaining source by which the compound transaction needs to be signed, the first node transmitting the compound transaction to a third node constituting the distributed network to request recordation to the distributed network.

PATENT: Method for issuing, using, refunding, settling and revoking electronic voucher using updated status of balance database by respective blocks in blockchain, and server using the same; US 11,436,595 B2; 9/6/2022; CPC G06Q 20/3821; 8 claims; assigned to Coinplug, Inc.

ABSTRACT: The method includes steps of: (a) creating and registering a transaction including a voucher data, a public key and a signature value of the issuer, with a private blockchain database, providing the issuer with a PrivTxid locating the transaction in the private blockchain database, and updating and registering value information including a balance of the voucher data with a BDB; and (b) acquiring and registering a representative hash value calculated using a specific hash value, which is a hash value of the voucher data, the public key, and the signature value, and its corresponding hash values which include a hash value of a delta_n including all balances of all vouchers, identifiable by all PrivTxids locating their transactions, with a public blockchain database, and acquiring a Txid locating the representative hash value in the public blockchain database.

PATENT: Blockchain-based identity verification method and related hardware; US 11,436,599 B2; 9/6/2022; CPC G06Q 20/3829; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT EXCERPT: Implementations of the present specification provide a blockchain-based identity verification method and related hardware. The method includes: An agent client generates an identity verification request based on identity verification input information of a business platform, the identity verification input information indicating an identity verification parameter for identity verification and an identity verification platform that executes the identity verification.

PATENT: Systems, devices, and methods for DLT-based data management platforms and data products; US 11,436,607 B2; 9/6/2022; CPC G06Q 20/405; 19 claims; assigned to Symbiont.Io, Inc., and The Vanguard Group, Inc.

ABSTRACT: The various embodiments described herein relate to systems, methods, and devices associated with distributed ledger systems (e.g., distributed ledger technology implemented on a decentralized network) that can be used to handle and manage the distribution and access of data in a manner that preserves the benefits of distributed ledger technology while enabling the private sharing of data. More specifically, the distributed ledger systems contemplated herein involve distributed ledger technology (DLT)-based data management platforms that can be implemented on nodes of a data management network.

PATENT: System and method for blockchain transaction risk management using machine learning; US 11,436,615 B2; 9/6/2022; CPC G06Q 30/0185; 20 claims; assigned to Anchain.ai Inc.

ABSTRACT EXCERPT: A method involves receiving digital on blockchain information and digital off blockchain information. The digital data from the digital on blockchain information and the digital off blockchain information is extracted. The entity knowledge base engine contextualizes the relationships based on the digital data and the digital off blockchain information and the digital on blockchain information. The risk classification engine analyzes the digital data and transforms the digital data to an identified behavior category.

PATENT: Systems and methods for reward account processing using a distributed ledger; US 11,436,623 B2; 9/6/2022; CPC G06Q 30/0215; 19 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: According one embodiment, at a node in a distributed ledger network for a plurality of reward program participants, the node comprising at least one computer processor, a method for reward account processing using a distributed ledger may include: (1) receiving a request to withdraw an amount of reward points from a customer account for a customer maintained by a distributed ledger; (2) retrieving, from the distributed ledger, a reward points balance for the customer account; (3) verifying that the reward points balance in the customer account is greater than the amount of reward points to be withdrawn; (4) writing a deduction of the amount of reward points from the reward points balance in the customer account to the distributed ledger; and (5) causing a financial instrument to be issued in response to the deduction.

PATENT: Systems and methods for distributed-ledger based intraday trading; US 11,436,675 B2; 9/6/2022; CPC G06Q 40/04; 7 claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: In one embodiment, a method may include: receiving a digital representation of an amount of collateral for a cash borrower; receiving a digital representation of an amount of cash for a cash provider; receiving agreement from the cash borrower and the cash provider to terms of an intraday trade comprising a duration of the intraday trade, a collateral trade amount of the collateral, and a cash trade amount of cash; a smart contract executing the intraday trade by providing the trade amount of the digital collateral to the cash provider and the cash trade amount of the digital cash to the cash borrower; and the smart contract returning the trade amount of the digital collateral to the cash borrower and the cash trade amount of the digital cash to the cash provider at the completion of the intraday trade.

PATENT: Electronic trading and settlement system for blockchain-integrated cryptographic difficulty-based financial instruments; US 11,436,677 B2; 9/6/2022; CPC G06Q 40/04; 6 claims; assigned to Eris Digital Holdings, LLC.

ABSTRACT EXCERPT: A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies.

PATENT: Blockchain instrument for transferable equity; US 11,436,679 B1; 9/6/2022; 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: Systems and methods for monetizing data in decentralized model building for machine learning using a blockchain; US 11,436,692 B2; 9/6/2022; CPC G06Q 50/265; 4 claims; assigned to Hewlett Packard Enterprise Development LP.

ABSTRACT: Systems and methods are provided for leveraging blockchain technology in a swarm learning context, where nodes of a blockchain network that contribute data to training a machine learning model using their own local data can be rewarded. In order to conduct such data monetization in a fair and accurate manner, the systems and methods rely on various phases in which Merkle trees are used and corresponding Merkle roots are registered in a blockchain ledger. Moreover, any claims for a reward are challenged by peer nodes before the reward is distributed.

August 30, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Tracking shipments with a local and remote blockchain; US 11,429,921 B2; 8/30/2022; CPC G06Q 10/0833; 17 claims; assigned to IBM.

ABSTRACT: A blockchain of transactions may be referenced for various purposes and may be later accessed by interested parties for ledger verification. One example method of operation may comprise one or more of identifying shipment locations for a product shipment, storing the shipment locations in a local blockchain, transmitting the shipment locations to a remote blockchain, comparing the shipment locations of the remote blockchain with the shipment locations stored in the local blockchain, and verifying the shipment locations of the remote blockchain are consistent with the shipment locations stored in the local blockchain.

PATENT: Computer-implemented systems and methods for authorising blockchain transactions with low-entropy passwords; US 11,429,956 B2; 8/30/2022; CPC G06Q 20/3821; 20 claims; assigned to nChain Holdings Limited.

SUMMARY: This invention relates generally to distributed systems, and more particularly to methods and systems for improving the security, reliability and usability of cryptographically-enforced assets (including cryptographic currency such as Bitcoin) maintained on a blockchain.

PATENT: Network configuration management for networked client devices using a distributed ledger service; US 11,429,960 B2; 8/30/2022; CPC G06Q 20/3829; 21 claims; assigned to NDCM Labs, Inc.

ABSTRACT: A system and method for managing a plurality of network-enabled client devices such as networking equipment and Internet of Things (IoT) devices which employs a distributed ledger, or blockchain, to store network configuration information for each client device. Access to the distributed ledger may be provided through a proxy computing system that is configured to exchange control messages with the client devices. Network configuration information is defined in smart contracts stored in the distributed ledger which are executed on registration of the network-enabled client device in the distributed ledger.

PATENT: Recovering encrypted transaction information in blockchain confidential transactions; US 11,429,962 B2; 8/30/2022; CPC G06Q 20/389; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of the present disclosure include obtaining a secret key, by a client node, according to a threshold secret sharing scheme agreed to by a number of client nodes; generating one or more commitment values of a confidential transaction of the client node by applying a cryptographic commitment scheme to transaction data; generating encrypted transaction information of the confidential transaction by encrypting the transaction data using the secret key; and transmitting, to a consensus node of a blockchain network, a content of the confidential transaction for execution, wherein the content of the confidential transaction includes: the one or more commitment values; the encrypted transaction information; and one or more zero-knowledge proofs of the transaction data.

PATENT: System and method for tokenization; US 11,429,965 B2; 8/30/2022; CPC G06Q 20/40; 19 claims; assigned to CardinalCommerce Corporation.

ABSTRACT EXCERPT: A method of obscuring a value of a sensitive data element, said method comprising: receiving, by a secure website and from a merchant website hosted by a merchant, a redirection request to cause the secure website to generate a hosted order page, wherein the secure website is not hosted by the merchant, wherein the redirection request is received in response to the merchant website receiving a transaction initiation message from a consumer device to initiate an online transaction.

PATENT: Mechanism for efficient validation of finality proof in lightweight distributed ledger clients; US 11,429,967 B2; 8/30/2022; CPC G06Q 20/401; 11 claims; assigned to NEC Corporation.

ABSTRACT: In a method for validation of a finality proof in a distributed ledger system network a support node collects a required number of confirmations from the distributed ledger system network indicating that a requested transaction is finalized. The support node generates the finality proof based on the collected confirmations. The support node transmits the finality proof to a trusted agent for verification.

PATENT: Providing network access using blockchain payments; US 11,429,968 B2; 8/30/2022; CPC G06Q 20/401; 20 claims; assigned to Lenovo (Singapore) PTE. Ltd.

ABSTRACT EXCERPT: Apparatuses, methods, and systems are disclosed for network access using blockchain payments. One apparatus includes a processor and a transceiver that receives an authentication request message for a remote unit, the authentication request message including a remote unit identifier, the remote unit identifier indicating the remote unit is requesting network access via a blockchain payment.

PATENT: Blockchain based account funding and distribution; US 11,429,969 B1; 8/30/2022; CPC G06Q 20/401; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: The present methods and systems relate to using and accessing data stored in a blockchain, and in particular, interacting with the blockchain and users via smart contracts to handle account funding and distribution methods. The methods and systems include receiving a transaction from a participant, and verifying the transaction, such as by accessing a smart contract stored on the blockchain and checking a set of parameters against a set of conditions stored in the smart contract. Depending on whether the set of parameters satisfy the conditions, the results may be communicated to participants about the success or failure of the transaction.

PATENT: Token management system; US 11,429,975 B1; 8/30/2022; CPC G06Q 20/405; 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: Blockchain-based bill write-off method, apparatus, electronic device, and storage medium; US 11,429,983 B2; 8/30/2022; CPC G06Q 30/0185; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A target transaction to write off a target e-bill is received. In response to the target transaction, a write-off logic declared in a smart contract published on a blockchain is invoked. A bill number of the target e-bill is obtained, and whether the bill number matches an e-bill number segment maintained in a blockchain account corresponding to a bill issuer of the target e-bill is checked. In response to determining that the bill number matches the e-bill number segment maintained in the blockchain account corresponding to the bill issuer of the target e-bill, a validity check is performed on bill content of the target e-bill. After the validity check succeeds, generating a write-off completion event corresponding to the target e-bill is generated and published to the blockchain for storage.

August 23, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-based food product shelf-life management; US 11,423,351 B2; 8/23/2022; CPC G06Q 10/087; 17 claims; assigned to IBM.

ABSTRACT: A blockchain of transactions may be referenced for various purposes and may be later accessed by interested parties for ledger verification. One example method of operation may comprise one or more of identifying a production date associated with a product, creating a unique code to represent the production date and the product based on a hash of one or more blocks of a blockchain, and forwarding the unique code to a verification server to verify the product.

PATENT: Using augmented reality for secure transactions; US 11,423,366 B2; 8/23/2022; CPC G06Q 20/02; 20 claims; assigned to PayPal, Inc.

ABSTRACT: A method for using an Augmented Reality (AR) device for processing transactions initiated at another device. The method includes acquiring, via an AR device, an image of a display of a user device. The method includes determining, based on image analysis of the image, that the user device displays an interactive transaction element for a transaction between the user device and a server. The method includes communicating with a server, that provides the interactive transaction element, to move functionality of the interactive transaction element from the user device to the AR device. The method includes generating a new interactive transaction element providing access to the transaction at the server. The method also includes providing access to the new interactive transaction element that is visually projected via the AR device.

PATENT: Method and system for securing transactions by check using blockchain technology; US 11,423,367 B2; 8/23/2022; CPC G06Q 20/042; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for secure approval of a check includes: reading a machine-readable code to obtain a block identifier and a validation value, wherein the machine-readable code is displayed on a physical check and encoded with the block identifier and validation value; receiving a digital signature from an external device; identifying a blockchain data value stored in a blockchain, wherein the blockchain data value includes at least the block identifier and an additional value; validating the received digital signature using a public key; validating the validation value based on a comparison of the validation value to the additional value; and approving use of the physical check to fund a payment transaction upon successful validation of the received digital signature and validation value.

PATENT: Systems and methods for providing transaction tokens for mobile devices; US 11,423,390 B2; 8/23/2022; CPC G06Q 20/3278; 19 claims; assigned to Capital One Services.

ABSTRACT: The disclosed embodiments include methods and systems for providing payment token transactions by a mobile device. The mobile device may be operable to obtain a payment token, where the payment token is associated with one or more payment token parameters and the mobile device may be configured to communicate with a financial service provider system over a first network when connectivity to the first network is available to the mobile device. The mobile device may provide the payment token to a contactless payment terminal (CPT) associated with a merchant, during a purchase transaction involving a product provided by the merchant, where the mobile device may communicate the payment token to the CPT over a local network that is different from the first network such that connectivity between the mobile device and the first network is not required.

PATENT: Recommending conditions for blockchain-enforced contracts; US 11,423,398 B1; 8/23/2022; CPC G06Q 20/38215; 20 claims; assigned to Block, Inc.

ABSTRACT: In one embodiment, techniques include receiving, from a device associated with a merchant, a request to create blockchain-enforced contract corresponding to a new transaction between the merchant and a customer. Techniques include generating a condition of the blockchain-enforced contract requisite for completion of the new transaction. Techniques include receiving a selection of at least one option for determining that the condition is satisfied. Techniques include generating the blockchain-enforced contract and providing the blockchain-enforced contract to one or more nodes in the blockchain network. Techniques include receiving an input comprising information regarding the condition, creating a blockchain transaction addressed to the blockchain-enforced contract and sending the blockchain transaction to nodes in the blockchain network. Techniques include transferring a corresponding to the new transaction from an escrow account to a merchant account.

PATENT: Blockchain-based leasing; US 11,423,473 B2; 8/23/2022; CPC G06Q 30/0645; 16 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: This disclosure relates to blockchain-based leasing. In some aspects, a leasing party node device of a blockchain network comprising a plurality of connected blockchain nodes acquires leasable state data of a target lease object based on a unique identifier that uniquely identifies the target lease object. The leasable state data is stored in a distributed database on the blockchain network and the leasable state data specifies a leasable state of the target lease object. Lease information of the target lease object is generated in response to acquiring the leasable state data. A first update transaction is transmitted to the blockchain network to update the leasable state of the target lease object. The first update transaction includes at least a portion of the lease information.

PATENT: Securing capital offers using blockchain transaction reconstruction; US 11,423,474 B1; 8/23/2022; CPC G06Q 40/025; 19 claims; assigned to Block, Inc.

ABSTRACT: Techniques for disambiguating a blockchain in order to extend, modify, and/or approve a capital loan offer is described. A serving computing device may use a blockchain address to reconstruct and analyze a blockchain wallet. The serving computing device may transmit a capital offer to a device associated with the blockchain wallet, where the terms specified by the capital offer may be based on characteristics of the reconstructed wallet determined by the analysis. The serving computing device may further modify and/or approve a former capital offer, based on the characteristics of the reconstructed wallet.

PATENT: Distributed electronic record and transaction history; US 11,423,475 B2; 8/23/2022; CPC G06Q 40/025; 14 claims; assigned to Visa International Service Association.

ABSTRACT: Described herein is a system in which an electronic record is stored on a distributed environment. In this system, a computing entity that receives an action request with respect to an account may receive or generate an electronic identifier for that account. The computing entity may then identify an electronic record comprising a number of interaction records related to the electronic identifier within the distributed environment. The computing entity is then able to request account-specific information directly from an originating entity for each of the interaction records. In some embodiments, the computing entity may separately determine a level of trust to be associated with each originating entity. In some embodiments, the computing entity may determine a risk level to be associated with an action indicated in the action request based on the received account-specific information.

PATENT: Systems, methods, and program products for an application programming interface generating a blended digital math-based assets index; US 11,423,482 B1; 8/23/2022; CPC G06Q 40/04; 22 claims; assigned to Genimi IP, LLC.

ABSTRACT: A trust computer system comprises one or more processors; and non-transitory computer readable memory having stored thereon machine-readable instructions that, when executed by the one or more processors, cause the one or more processors to perform a method comprising: receiving a request for a blended digital math-based asset price for a basket of a plurality of digital math-based assets; requesting electronic digital math-based asset pricing data; receiving the electronic digital math-based asset pricing data; calculating a blended digital math-based asset price; storing the blended digital math-based asset price; accessing a plurality of prior blended digital math-based asset prices; aggregating the blended digital math-based asset price with the plurality of prior blended digital math-based asset prices; and applying the digital math-based asset price index for a benchmark for an instrument.

PATENT: System for protecting sensitive data with distributed tokenization; US 11,423,504 B2; 8/23/2022; CPC G06Q 99/00; 18 claims; assigned to Micro Focus LLC.

ABSTRACT: A token generating organization may include distributed tokenization systems for generating tokens corresponding to sensitive information. Sensitive information may include sensitive numbers such as social security numbers, credit card numbers or other private numbers. A tokenization system may include multiple physically distinct hardware platforms each having a tokenization server and a database. A tokenization server may run portions of a sensitive number through a predetermined number of rounds of a Feistel network. Each round of the Feistel network may include tokenizing portions of the sensitive number using a fractional token table stored an associated database and modifying the tokenized portions by reversibly adding portions of the sensitive number to the tokenized portions. The fractional token table may include partial sensitive numbers and corresponding partial tokens. A sensitive-information-recovery request including the token may be directed to the token generating organization from the token requestor to recover sensitive information.

August 16, 2022

Total CPC G06Q Subclass (business methods) patents issued:  157

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for blockchain-dependent operation sets; US 11,416,832 B2; 8/16/2022; CPC G06Q 20/065; 20 claims; assigned to nChain Holdings Limited.

ABSTRACT: Systems and methods for performing a plurality of operations, in which at least one operation comprises a blockchain transaction, are described. A request to perform a plurality of operations is received, where the operations comprise a blockchain transaction and a second transaction of a type other than a block chain transaction. A conversion factor is obtained from a service and a blockchain transaction is recorded based on the conversion factor. The recorded blockchain transaction comprises an amount of a digital asset (e.g., Bitcoin) based on the conversion factor, a generated blockchain address, and an interstitial change address. The second transaction is performed as a result of the blockchain transaction having been validated.

PATENT: Bank-driven model for preventing double spending of digital currency transferred between multiple DLT networks using a trusted intermediary; US 11,416,848 B1; 8/16/2022; CPC G06Q 20/3678; 24 claims; assigned to Wells Fargo Bank.

ABSTRACT: A system and method for preventing the double-spending of digital currency that transfers between multiple distributed ledger technology (DLT) networks. The system and method includes receiving an authorization to monitor transaction requests associated with a first DLT network. 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 first digital currency is created on the first DLT network based on a unit of fiat currency. The system and method include transferring, responsive to detecting the transaction request, the first digital currency from the first DLT network to the second DLT network.

PATENT: Systems and methods for sending and receiving math-based currency via a fiat currency account; US 11,416,849 B1; 8/16/2022; CPC G06Q 20/381; 21 claims; assigned to Wells Fargo Bank.

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: Analytics engine for multiple blockchain nodes; US 11,416,920 B2; 8/16/2022; CPC G06Q 30/08; 20 claims; assigned to Accenture Global Solutions Limited.

ABSTRACT: A first device receives, via a blockchain node of the first device, data and constraints associated with a smart contract, where the smart contract is deployed via a blockchain node associated with a second device, the first and second devices are provided in a blockchain network, through their blockchain nodes. The first device provides, via the blockchain node, the data and constraints to an analytics engine of the first device, and performs, via the analytics engine, a data analytics technique on the data and constraints to generate an offer with optimized parameters. The first device provides the offer with the optimized parameters to the smart contract associated with the second device, and receives, via the blockchain node, a confirmation of a transaction associated with the smart contract. The first device causes the offer with the optimized parameters to be implemented based on receiving the confirmation of the transaction.

PATENT: Investment fund token ownership; US 11,416,931 B2; 8/16/2022; CPC G06Q 40/04; 20 claims; assigned to Salt Blockchain Inc.

ABSTRACT: A decentralized investment fund operates according to consensus code on a shared ledger and raises capital by issuing ownership tokens on the shared ledger. The decentralized investment fund may hold digital assets in the consensus code and distribute profits to the token owners according to each owner's dividend preference. A token owner's dividend preference can include digital assets tracked by a different shared ledger, stabletoken digital assets pegged to the value of a digital asset, and cross-chain digital asset swaps. Token issuance may include a proof of accreditation requirement based on cryptographic proof on a shared ledger. The decentralized investment fund may distribute fund documents to the token holders by encrypting the document, first with a symmetric key common to all token holders, and second with an asymmetric key unique to each token holders and based on the token's holder's known public address on the shared ledger.

PATENT: Virtual currency transaction system; US 11,416,932 B2; 8/16/2022; CPC G06Q 40/04; 1 claim; assigned to Neo Frame Inc.

ABSTRACT: Disclosed is a virtual currency transaction system. The virtual currency transaction system according to an embodiment of the inventive concept includes a virtual currency integration exchange server receiving buying request information and selling request information of virtual currency, matching the buying request information and the selling request information, which are suitable for a transaction condition, based on asking price information to make a transaction of virtual currency, and recording transaction conclusion information for each virtual currency transaction and a broker member server transmitting buying request information and selling request information, which are transmitted from a user terminal, to the virtual currency integration exchange server and receiving the asking price information and the transaction conclusion information from the virtual currency integration exchange server to provide the asking price information and the transaction conclusion information to the user terminal.

PATENT: Event management and validation platform using a recursive hierarchic blockchain; US 11,416,933 B2; 8/16/2022; CPC G06Q 40/04; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Aspects of the disclosure relate to implementation of a recursive hierarchic blockchain for event validation and processing. A computing platform may receive event data from first and second data sources. The computing platform may store, in a first distributed ledger, an event record for each event from the first data source and may store, in a second distributed ledger, an event record for each event from both data sources. In response to determining that a validation condition for a current block of the second distributed ledger has been satisfied, the computing platform may compute a hash and generate a numeric representation of the first distributed ledger. In a new block of the second distributed ledger, the computing platform may store the hash and the numeric representation. The computing platform may write, to the new block of the second distributed ledger, additional event data from both data sources.

PATENT: System and method for securities finance smart contracts on blockchains and distributed ledgers; US 11,416,934 B2; 8/16/2022; CPC G06Q 40/04; 20 claims.

ABSTRACT: A blockchain-based system and method for enforcing a smart contract on a network comprising one or more cryptographically-signed blocks. The systems and method permit an original lender or regulatory body to manage risk by tracing a security loan from end-to-end. The system and method also dynamically tracks the value of the loan collateral and if the collateral falls below a predetermined a minimum collateral value threshold within a range of tolerance the system automatically transmits recall and stop trade orders to the relevant parties. In addition, as the chain of transactions grow, the system and method continue to add to an immutable easily verifiable blockchain which facilitates verification and regulatory compliance.

PATENT: Using a distributed ledger to determine fault in subrogation; US 11,416,942 B1; 8/16/2022; 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.

PATENT: Blockchain-based systems and methods for self-managed peer group insurance; US 11,416,944 B1; 8/16/2022; CPC G06Q 40/08; 20 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: A blockchain-based social insurance ("BBSI") computer system for creating a social insurance group is provided. The BBSI computer system includes at least one processor in communication with at least one memory device. The processor is programmed to receive social insurance group data and define at least one qualifying rule for joining the social insurance group. Each member of the social insurance group must satisfy the at least one qualifying rule to become a member of the social insurance group. The processor is programmed to generate at least one social insurance group blockchain including the qualifying rule and cause to be displayed on a user device the social insurance group data for review by a candidate member. The processor is also programmed to receive a registration message from the candidate member including a request to become a member of the group.

August 9, 2022

Total CPC G06Q Subclass (business methods) patents issued:  174

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain based supply chain network systems; US 11,410,105 B2; 8/9/2022; CPC G06Q 10/0635; 19 claims; assigned to Vertru Technologies Inc.

ABSTRACT: A blockchain based supply chain network is provided. The network provides a supply chain monitoring system and marketplace including (a) raw materials, textile, and apparel sourcing marketplace, including services and capabilities, and textile, trim, components, accessories; (b) tracking system for engagement, environmental and social labor performance; (c) marketplace and transactional layer with an embedded blockchain platform that helps create trust between participants of the supply chain. The supply chain monitoring system and marketplace can provide a level of transparency and traceability fin the apparel market that has not been seen before in conventional supply chain systems.

PATENT: Procurement system using blockchain; US 11,410,136 B2; 8/9/2022; CPC G06Q 20/065; 20 claims; assigned to American Express Travel Related Services Company, Inc.

ABSTRACT: A procurement system and process using blockchain is disclosed. The procurement system may facilitate procurement reconciliation between procurement initiators, clients, suppliers, and/or transaction processors, using blockchain. Each party may comprise a blockchain node configured to interact with a procurement blockchain. The procurement process may be controlled by a billing smart contract and a client smart contract configured to enforce data workflows and establish trust between the parties.

PATENT: Money transfer by use of a payment proxy; US 11,410,137 B2; 8/9/2022; CPC G06Q 20/0855; 20 claims; assigned to Block, Inc.

ABSTRACT: In certain embodiments, a method includes receiving, at a payment server via an application executing on a device of a user, a request to create a payment proxy identifier. The method includes associating, in a data store maintained by the payment server, the payment proxy identifier to a financial account associated with the user. The method includes generating a personalized interactive element for initiating a transaction to the financial account of the user. The method includes receiving an indication of an intent to transfer a value from a sender to the user. The indication is produced via interaction of a device associated with the sender with the personalized interactive element. The method includes, responsive to receiving the indication, identifying a financial account of the sender and initiating a transfer of the value between the financial account of the user and the financial account of the sender.

PATENT: Blockchain-implemented method for control and distribution of digital content; US 11,410,145 B2; 8/9/2022; CPC G06Q 20/1235; 26 claims; assigned to nChain Holdings Limited.

ABSTRACT: The disclosure relates to a blockchain-implemented system and method of controlling the transmission and/or distribution of digital content. A first user is associated with a deposit quantity of cryptocurrency at a common address. A first node associated with the first user sends a request to the second node to provide an episode of digital content from a series of digital content; determines a payment transaction to transfer a payment quantity of cryptocurrency to the second user, wherein the payment quantity is based on a quantity of episodes of digital content in the series; and signs and sends the payment transaction to a second node. The second node associated with the second user: receives the request and the payment transaction; verifies the payment transaction; and based on the result of verifying: provides access to the episode of digital content to be available to the first node; and co-signs and sends the payment transaction to a distributed ledger.

PATENT: Programmable card for token payment and systems and methods for using programmable card; US 11,410,157 B2; 8/9/2022; CPC G06Q 20/3278; 20 claims; assigned to Capital One Services LLC.

ABSTRACT: Programmable cards, computer-readable media, and systems are disclosed for token payment. For example, a programmable card for token payment, according to some embodiments, may include an antenna and a contact interface. The card may be configured to store, in the rewritable memory, a token transmitted from a user device via a first near field communication (NFC) signal received by the antenna, and provide the stored token to a point of sales terminal via a second NFC signal transmitted by the antenna or via the contact interface.

PATENT: Blockchain consensus method and device and electronic equipment; US 11,410,171 B2; 8/9/2022; CPC G06Q 20/389; 20 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: Methods, systems, and devices, including computer programs encoded on computer storage media, for payment are provided. One of the methods includes: sending a consensus proposal for at least one pending-consensus transaction in a transaction pool of the consensus master node to a target consensus backup node of the blockchain, wherein the consensus proposal comprises a transaction hash list, and the transaction hash list comprises a transaction hash of the at least one pending-consensus transaction; matching the transaction hash in the consensus proposal with transactions in a transaction pool of the target consensus backup node; in response to the transaction hash being matched, obtaining, from the transaction pool of the target consensus backup node, transaction information of the matched at least one pending-consensus transaction; and executing a process of the consensus proposal based on the transaction information.

PATENT: Tokenization web services; US 11,410,173 B1; 8/9/2022; CPC G06Q 20/401; 22 claims; assigned to Amazon Technologies, Inc.

ABSTRACT: The present disclosure provides systems, methods, and products for providing a tokenization service and a complementary API. The tokenization service may provide format-preserving tokens. The tokenization service may associate different tokens generated by different users from the same data, so that users can retrieve and use associated tokens for collaboration and access to each other's data, information, etc. The tokenization service may restrict the creation of an association between, and access to, users' tokens based on a requirement for a relationships between users according to a social graph model.

PATENT: Custom blockchain for IoT devices; US 11,410,174 B2; 8/9/2022; CPC G06Q 20/401; 22 claims; assigned to IBM.

ABSTRACT: A computer-implemented method for verifying a transaction in a blockchain network may be provided. The blockchain network comprises nodes participating in performing the transaction. The method comprises grouping the nodes of the blockchain network into a plurality of clusters of nodes. For each cluster, the method comprises determining for each node of the cluster performance parameter values, calculating a weighted sum of the determined performance parameter values, designating the node with the highest weighted sum as cluster leader, designating a number of nodes of the cluster whose weighted sum is next to the highest weighted sum, as sub-cluster leader, the number being at least half of the total number of nodes within said cluster, and verifying the transaction for the cluster by the cluster leader and the sub-cluster leaders.

PATENT: Blockchain-based resource value evaluation methods and apparatus; US 11,410,397 B2; 8/9/2022; CPC G06Q 30/0278; 14 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: A method for dynamically evaluating a resource value is described. Data encoding one or more parameters related to the resource value is accessed, where the one or more parameters are monitored by a plurality of sensors that form an Internet of Things (IoT) and then released by the IoT of the plurality of sensors on a blockchain network. At least one parameter from the data is compared with a predetermined threshold value or a predetermined threshold range. In response to determining that the at least one parameter has exceeded the predetermined threshold value or the predetermined threshold range, a calculation of the resource value is triggered according to evaluation logic described by a smart contract released on the blockchain network in association with the one or more parameters being monitored, such that a consensus is reached on the blockchain network regarding the resource value that has been calculated.

PATENT: Blockchain technology to settle transactions; US 11,410,233 B2; 8/9/2022; CPC G06Q 40/04; 18 claims; assigned to Domus Tower, Inc.

ABSTRACT: Expediting settlement of securities traded on an exchange is described. A clearing instruction representing an order for equities can be received. The clearing instruction can include a cryptographic signature. A data block within a blockchain can be generated to include the order and the cryptographic signature. If the cryptographic signature is determined to be valid, a fast track settlement process can be selected to process the order.

August 2, 2022

Total CPC G06Q Subclass (business methods) patents issued: 

Financial industry business method patents reviewed herein:   10

PATENT: System and method for conducting and securing transactions when blockchain connection is unreliable; US 11,403,627 B2; 8/2/2022; CPC G06Q 20/3678; 4 Claims; assigned to Liquineq AG.

PREAMBLE CLAIM 1: A system for secure transactions in an environment with intermittent connectivity via a network to a blockchain.

PATENT: Authenticating and paying for services using blockchain; US 11,403,628 B2; 8/2/2022; CPC G06Q 20/38; 20 Claims; assigned to Hewlett Packard Enterprise Development LP.

ABSTRACT: In some examples, in an authentication session for authenticating an entity associated with a client device to access a service, a server system is to receive, from the client device, identification information associated with the client device, and verify, using a blockchain network, an existence of the identification information. The server system is to send, to the client device, payment information regarding payment for the service, and receive, from the client device, a token as payment for the service.

PATENT: Systems and methods thereof for exchanging different digital currencies on different blockchains; US 11,403,629 B2; 8/2/2022; CPC G06Q 20/381; 22 Claims.

ABSTRACT: A contract manager system is a system that allows at least two entities to exchange digital currencies of a different type or on different blockchains (e.g., exchanging XLM digital currency for Stellar Ledger digital currency). The system includes a graphical user interface (GUI) including a display, a processor, and memory. The memory includes instructions stored thereon, which, when executed by the processor, cause the system to execute an atomic swap.

PATENT: Managing transactions in multiple blockchain networks; US 11,403,632 B2; 8/2/2022; CPC G06Q 20/3827; 27 Claims; assigned to Alipay Labs Pte. Ltd.

ABSTRACT: Disclosed are computer-implemented methods, non-transitory computer-readable media, and systems for managing transactions in blockchain networks. One computer-implemented method includes identifying a first Hash Time Locked Contract (HTLC) transaction in a first blockchain network that is associated with a second HTLC transaction in a second blockchain network different from the first blockchain network, identifying a third HTLC transaction in the second blockchain network that is associated with the second HTLC transaction, identifying a fourth HTLC transaction in the first blockchain network that is associated with the first, second, and third HTLC transactions, the first, second, third, and fourth HTLC transactions being related to a cross-chain transaction across the first and second blockchain networks, and deriving hidden information of the cross-chain transaction from information of the first, second, third, and fourth HTLC transactions based on associations of the first, second, third and fourth HTLC transactions.

PATENT: Real-time interaction based assistance interface; US 11,403,634 B2; 8/2/2022; CPC G06Q 20/40; 20 Claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the invention are directed to a system, method, or computer program product for a real-time interaction based assistance interface. The real-time interaction based assistance interface including software that allow the user to input commands on the artificial intelligence questionnaire to direct to a processing device to execute instructions for a real-time resource aspiration deployment and aspiration assistance. The system aggregates user data pertaining to resource history and interaction history. Using this data and the artificial intelligence questionnaire, the system provides a real-time interaction based assistance interface with resource aspiration prediction and fulfilling assistance.

PATENT: Blockchain-based transaction processing method and apparatus, and electronic device; US 11,403,636 B2; 8/2/2022; CPC G06Q 20/401; 14 Claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A computer-implemented method for processing blockchain-based transactions, the computer-implemented method including: receiving a target transaction initiated by a member node device in a blockchain, wherein the target transaction comprises a unique identifier of the target transaction; querying a transaction idempotent table on the block chain to determine whether the transaction idempotent table has stored a transaction idempotent record corresponding to the unique identifier of the target transaction; and in response to determining that the transaction idempotent table has not stored the transaction idempotent record corresponding to the unique identifier of the target transaction, recording the target transaction in a candidate block on the blockchain.

PATENT: Mobile payment fraudulent device list; US 11,403,640 B2; 8/2/2022; CPC G06Q 20/4016; 14 Claims; assigned to JPMorgan Chase Bank, N.A.

ABSTRACT: Systems and methods for identifying malicious digital wallet devices are provided. Exemplary embodiments may establish communication with a user device associated with a digital wallet application and determine a unique device identifier for the device. Risk data may then be obtained from one or more fraudulent activity databases and associated with the device identifier. The user device may then be identified as a malicious or non-malicious device based on a device score generated based on the risk data. Devices identified as malicious may then have their unique device identifier stored on a malicious device database.

PATENT: Systems and methods for maintaining the viability of a good-until-bettered order type in electronic trading systems; US 11,403,704 B2; 8/2/2022; CPC G06Q 40/04; 15 Claims; assigned to BGC Partners, Inc.

ABSTRACT: Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is a modification of a conventional good-until-bettered order type. A good-until-bettered bid/offer is received along with instructions that specify a good-until-bettered increment value and/or duration. The good-until-bettered order is maintained in the electronic trading system until a bid/offer that is better by the specified plurality of standard trading increments is received by the electronic trading system and/or remains in the system for the good-until-bettered duration.

PATENT: Interprocess communication facilitating sellside marketmaking; US 11,403,705 B2; 8/2/2022; CPC G06Q 40/04; 12 Claims; assigned to BGC Partners, Inc.

ABSTRACT: An electronic exchange platform configured to: receive respective list of approved Buyside participants for each of a plurality of marketmaking orders; receive a respective marketmaking order for a side of trades on the financial instrument from each of the plurality of Sellside participants; peg a price for the received marketmaking orders to a price relative to and multiple ticks behind a best price on the side in an order book; present market information to Buyside participants identifying marketmaking orders for which the Buyside participants are approved; receive a contra order from a Buyside participant that is approved to trade with a subset of the plurality of marketmaking orders, in which the contra order identifies preferred Sellside participants; distribute the contra order; and determine new best bid and offer in response to the distribution; and adjust remaining marketmaking offers to retain peg in response to determining new best bid or offer.

PATENT: Visualizing investment changes using augmented reality; US 11,403,709 B1; 8/2/2022; CPC G06Q 40/06; 20 Claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method implemented on an augmented reality (AR) device includes accessing a user's investment strategy and selecting a material object. The material object and investment controls are displayed on a display screen of the AR device. The user alters the investment strategy using the investment controls. Alternative replacement objects are generated based on changes that the user makes to his or her investment strategy. One or more replacement objects are projected onto the display to represent an alternative material object that the user can afford based on the changed investment strategy.

July 26, 2022

Total CPC G06Q Subclass (business methods) patents issued:  100

Financial industry business method patents reviewed herein:   10

PATENT: Electronic agreement data management architecture with blockchain distributed ledger; US 11,397,919 B1; 7/26/2022; CPC G06Q 10/10; 20 claims; assigned to EMC IP Holding Company LLC.

CLAIM 1 EXCERPT: Maintaining a distributed ledger in accordance with an enterprise, wherein the distributed ledger comprises a plurality of ledger nodes, the plurality of ledger nodes comprising a first set of ledger nodes associated with one or more entities of the enterprise and a second set of ledger nodes associated with one or more third party entities; and managing, via the distributed ledger, negotiation of an electronic agreement between at least a portion of the first set of ledger nodes and at least a portion of the second set of ledger nodes.

PATENT: System for executing, securing, and non-repudiation of pooled conditional smart contracts over distributed blockchain network; US 11,397,929 B2; 7/26/2022; CPC G06Q 20/065; 17 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the present invention provide a system for executing, securing, and non-repudiation of pooled conditional smart contracts over a distributed blockchain network. In particular, the system may receive an instrument request from a beneficiary entity, where the instrument request includes an instrument amount. The system can then identify a lead contribution amount that a lead entity is willing to provide to meet a portion of the instrument amount. A set of supporting entities can be identified as willing to provide supporting contribution amounts to meet the remainder of the instrument amount. A conditional contract can be sent to each supporting entity that, when signed, authorizes the system to transfer contribution amounts, which may be in the form of cryptocurrency, from blockchain addresses of the lead and supporting entities to a blockchain address of the beneficiary entity. Once the instrument amount has been secured, the system executes the transactions.

PATENT: Augmented reality numberless transaction card; US 11,397,937 B1; 7/26/2022; CPC G06Q 20/327; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method implemented on an augmented reality (AR) electronic device includes receiving a request to activate a transaction card account on a transaction card. The transaction card account is activated on the transaction card. A virtual representation of account information corresponding to the transaction card account is displayed on the AR electronic device. The exterior of the transaction card is free of account identifying information.

PATENT: System and method of multi-round token distribution using a blockchain network; US 11,397,943 B2; 7/26/2022; CPC G06Q 20/3674; 10 claims; assigned to nChain Holdings Ltd.

ABSTRACT: A computer-implemented method to initiate a token transfer process for transferring respective first quantities of tokens between a plurality of pairs of sender nodes and respective recipient nodes using a blockchain. The method includes: determining a number of transaction rounds in the token transfer process; generating a set (TT) of indirect token transactions based on the respective first quantities of tokens and the number of transaction rounds, wherein execution of all of the indirect token transactions in the set results in net transfer of the respective quantities of tokens from the sender nodes to their respective recipient nodes and wherein the set of indirect token transactions includes randomized pairings of the sender nodes and recipient nodes in which each may be an input node or an output node for a particular indirect token transaction; and for each of the sender and recipient nodes, transmitting a subset of the set of indirect token transactions to that node, the subset including those transactions for which that node is either the input node or the output node.

PATENT: Application framework using blockchain-based asset ownership; US 11,397,944 B2; 7/26/2022; CPC G06Q 20/3678; 20 claims; assigned to NASDAQ, Inc.

ABSTRACT: Systems and methods are provided for recording ownership information in a distributed ledger (such as a blockchain), and for performing application processing utilizing the distributed ledger. An example server computer system is configured to: record on a blockchain ownership information of an asset; to configure, for each owner of the asset, a digital wallet associated with a private cryptographic key and at least one blockchain address; using a blockchain address from a digital wallet to access ownership information in the blockchain; perform application processing using the accessed ownership information; and record in the blockchain, updated ownership information or other information associated with the ownership information in accordance with the performed application processing.

PATENT: Direct marketing via chained interactions in a blockchain; US 11,397,960 B2; 7/26/2022; CPC G06Q 30/0214; 16 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of creating a smart contract with a conditional result distribution schedule for one or more referral events performed by account profiles associated with approved sites, storing the smart contract in a blockchain, identifying the one or more referral events being performed on the one or more approved sites, and storing the one or more referral events in the blockchain.

PATENT: Multi-axis blockchain clearance of offers; US 11,397,963 B2; 7/26/2022; 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 redemption transaction metadata from a first computing device controlled by a first entity, the redemption transaction metadata relating to a point of sale transaction using a coupon associated with a coupon campaign; in response to approving the coupon for redemption, posting a redemption transaction to be written on two independent redemption blockchains including a first redemption blockchain associated with the first entity and a second redemption blockchain associated with the coupon campaign, the redemption transaction including at least a portion of the redemption 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 redemption transaction written on the second redemption blockchain.

PATENT: Electronic trade processing system and method; US 11,397,986 B2; 7/26/2022; CPC G06Q 40/04; 18 claims; assigned to Strike Derivatives Inc.

ABSTRACT: In one implementation, a computer-implemented method, executed on a computing device and configured to effectuate a trading platform, includes: maintaining an omnibus (multi-client) cryptocurrency trading wallet for a plurality of clients; and maintaining a segregated (individual-client) cryptocurrency transfer wallet for each of the plurality of clients, thus defining a plurality of segregated (individual-client) cryptocurrency transfer wallets.

PATENT: Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments; US 11,397,987 B2; 7/26/2022; CPC G06Q 40/04; 8 claims; assigned to BGC Partners, Inc.

ABSTRACT: The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices.

PATENT: Auctioning mechanisms for dark order block trading; US 11,397,990 B2; 7/26/2022; CPC G06Q 40/04; 30 claims; assigned to NYSE Holdings LLC.

SUMMARY: The present disclosure provides systems, methods and apparatus for conducting an auction that comprises, for example, automatically creating an auction based on monitored activity in a financial market having a minimum fill size, transmitting a notification of the auction to a plurality of market participants, building an order book for the auction based on firm limit orders received from the plurality of market participants, identifying a reference price for conducting the auction where the reference price is calculated as a midpoint of bid and ask prices in the financial market, and filling qualifying orders received from the plurality of market participants based on the reference price.

July 19, 2022

Total CPC G06Q Subclass (business methods) patents issued:  203

Financial industry business method patents reviewed herein:   10

PATENT: Cryptographic token with separate circulation groups; US 11,392,906 B2; 7/19/2022; CPC G06Q 20/0658; 31 claims; assigned to Custodia Bank, Inc.

ABSTRACT: A custom cryptographic token and smart contract that is configured to exist in one of two groups and is issued by the same bank or depository institution that also collects corresponding fiat currency deposits. The two groups are a circulation group and a non-circulation group. The non-circulation group is not associated with any given user, but rather an issuing entity. Custom cryptographic tokens residing in the circulation group are associated with a user and are traded according to smart contract protocol.

PATENT: System and method for securing a private key transaction within blockchain; US 11,392,941 B2; 7/19/2022; CPC G06Q 20/3829; 20 claims; assigned to Honda Motor Co., Ltd.

ABSTRACT: A system and method for securing a private key transaction within blockchain that include receiving an input for initiating a financial transaction between a sender and a recipient. The system and method also include processing a secure wallet that includes transaction data associated with the financial transaction. The system and method additionally include generating a private key for the sender and a private key for the recipient. The system and method further include communicating the transaction data to complete the financial transaction using the blockchain.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,392,942 B2; 7/19/2022; CPC G06Q 20/389; 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 blockchain account of a remitter into a blockchain account of a receiver, wherein the blockchain account of the remitter records a homomorphic encryption ciphertext of the remitter's balance, the blockchain account of the receiver records a homomorphic encryption ciphertext of the receiver's balance; generating a homomorphic encryption ciphertext of the transaction amount with respect to the remitter and a homomorphic encryption ciphertext of the transaction amount with respect to the receiver; and submitting to the blockchain a transaction for the homomorphic encryption ciphertext of the transaction amount with respect to the remitter to be subtracted from the homomorphic encryption ciphertext of the remitter's balance and for the homomorphic encryption ciphertext of the transaction amount with respect to the receiver to be added to the homomorphic encryption ciphertext of the receiver's balance.

PATENT: Distributed ledger for device management; US 11,392,947 B1; 7/19/2022; CPC G06Q 20/4014; 21 claims; assigned to USAA.

ABSTRACT: Techniques are described for managing devices, such as Internet of Things (IoT) devices, using smart contract(s) on a distributed ledger (e.g., blockchain). Smart contract(s) executing on a distributed ledger may control access to one or more devices in a home or other environment. The smart contract(s) may employ information stored on the distributed ledger and information in a transaction sent to the smart contract(s) to determine whether particular user(s) and/or process(es) may access the device(s), issue commands to the device(s), access data generated by the device(s), and/or control the device(s). The smart contract(s) may provide a secure portal through which user(s) and/or service(s) may access device(s) for command and control of such device(s), and secure access may be based on permission information that is specified or provided by an owner or operator of the device(s) and that is stored on the distributed ledger.

PATENT: System and method for semantic representation and execution of agreements on a distributed ledger; US 11,393,024 B1; 7/19/2022; CPC G06Q 40/025; 31 claims; assigned to Openrisk Technologies Inc.

ABSTRACT: A system and method for transformation and rationalization of financial agreements, such as derivatives agreements such as CSA (Credit Support Annex) or commercial loan agreements and other related agreements into a knowledge graph, through the application of automation tools, for subsequent recording of such knowledge graph on a distributed ledger or blockchain network and facilitating risk management operations such as collateral and liquidity management. Non-limiting examples of such automation tools include semantic web, natural language processing, machine learning, neural network, and other automation tools.

PATENT: System and method of a smart contract and distributed ledger platform with blockchain custody service; US 11,393,025 B2; 7/19/2022; 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: Trading based on fill rate; US 11,393,028 B2; 7/19/2022; 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: Blockchain-based method and apparatus for pre-exchanging available resource quotas; US 11,393,031 B2; 7/19/2022; CPC G06Q 40/04; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Blockchain-based methods and devices for pre-exchanging available resource quotas are disclosed. An example of method comprises: selecting, by a management node of a blockchain network, an object node as a pre-exchange node according to a pre-selection rule; determining, by the management node for the pre-exchange node, a resource quota; generating, by the management node, a target smart contract based on the resource quota, wherein the target smart contract is executable to deduct virtual resources corresponding to the resource quota from future increments of virtual resources of the pre-exchange node stored on a blockchain that is on the blockchain network; and storing, by the management node, the target smart contract on the blockchain.

PATENT: System and method for aggressively trading a strategy in an electronic trading environment; US 11,393,034 B2; 7/19/2022; CPC G06Q 40/04; 13 claims; assigned to Trading Technologies International.

ABSTRACT: System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.

PATENT: Mobile wallets with packaged travel services; US 11,393,054 B1; 7/19/2022; CPC G06Q 50/14; 21 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Methods and systems for location-based mobile wallets are disclosed. A one-time mobile wallet can be established on a mobile device and associated with a travel itinerary. Device data and external data can be used with the travel itinerary to determine a travel assistance action. The location of the mobile device can be determined using GPS and/or contactless terminal data, for example. Based on the location of the mobile device and the travel itinerary, a travel assistance action can be performed. This can, for example, include presenting wallet elements to a user or automatically initiating a phone call to a service provider listed in the travel itinerary. In this way, travel assistance can vary with the location of the mobile device. After expiration of the duration, the one-time mobile wallet can be disabled.

July 12, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Dynamic blockchain transactional policy management; US 11,386,405 B2; 7/12/2022; CPC G06Q 20/065; 14 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of receiving a request to execute a blockchain transaction from a user device that is associated with a user account, determining whether to perform the blockchain transaction based on a dynamic participation policy of the user account, the dynamic participation policy being dynamically determined based on previous blockchain transactions of one or more of the user account and of other user accounts, and, in response to determining to perform the blockchain transaction, executing the blockchain transaction on behalf of the user account via a smart contract and storing information about the executed blockchain transaction.

PATENT: Passive management of multiple digital tokens for an electronic transaction; US 11,386,422 B2; 7/12/2022; CPC G06Q 20/3678; 20 claims; assigned to PayPal, Inc.

ABSTRACT: Systems and methods for providing a payment system includes processing, by a first payment service provider device, a payment request received from a user device and associated with a first funding instrument. A payment request failed message associated with the payment request is received. A second funding instrument associated with a second payment service provider device is retrieved. First sub-payment request of the payment request associated with the second funding instrument is processed and a first sub-payment successful message associated with the first sub-payment request is obtained. The payment request is determined to be successful based on the first sub-payment successful message. A payment request successful message is provided to the user device indicating that the payment request was successful.

PATENT: Invoice invalidation method and apparatus based on blockchain, and electronic device; US 11,386,426 B2; 7/12/2022; CPC G06Q 20/389; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: One or more implementations of the present specification provide an invoice invalidation method and apparatus based on a blockchain, and an electronic device. The method includes: receiving an invalidation request that is initiated by an invoice invalidation party for a target invoice recorded in the blockchain; in response to the invalidation request, determining whether the invoice invalidation party has authority to invalidate the target invoice; and in response to that the invoice invalidation party has the authority to invalidate the target invoice, invoking an invoice invalidation logic provided in a smart contract deployed in a blockchain network of the blockchain to invalidate the target invoice.

PATENT: Dual transaction method and system based on centralization and decentralization; US 11,386,428 B2; 7/12/2022; CPC G06Q 20/401; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed are a dual transaction method and system based on centralization and decentralization. In the embodiments of the present description, when a designated member node receives a transaction request, in one aspect, transaction feasibility verification is carried out for the transaction request, a designated resource amount is deducted from a virtual resource account corresponding to a spending user identifier after the request passes the verification, and the designated resource amount is added to a virtual resource account corresponding to a payment-receiving user identification; in another aspect, target transaction information is broadcasted to a block chain network according to the transaction request, so that each member node distributes the target transaction information to a block chain on the basis of a consensus mechanism after the block chain network performs transaction feasibility verification on the target transaction information.

PATENT: Cryptocurrency securing method and device thereof; US 11,386,429 B2; 7/12/2022; CPC G06Q 20/4014; 13 claims; assigned to Cybavo Pte. Ltd.

ABSTRACT: The present disclosure provides a cryptocurrency securing method and device thereof. The device receives an encrypted personal identification number from a user device, and decrypts the encrypted personal identification number via a first asymmetric key for deriving a personal identification number. The device decrypts an encrypted personal key via the personal identification number for deriving a personal key, and decrypts an encrypted cryptocurrency private key information via the personal key for deriving a cryptocurrency private key information.

PATENT: Voting system to prevent fraud using blockchain technology; US 11,386,437 B2; 7/12/2022; CPC G06Q 30/0185; 23 claims; assigned to Gleipnir Technologies LLC.

ABSTRACT: A voting system comprising at least one voting machine comprising: at least one voting machine processor. The voting machine processor performing voting machine operations comprising: initializing a vote blockchain with a vote blockchain genesis block. The vote blockchain genesis block comprising a voting machine identifier and a voting machine identifier hash value; storing the vote blockchain in at least one voting machine memory; iteratively, for a plurality of voters: receiving a signal indicating at least one vote made by a voter; creating a data structure comprising the at least one vote and a hash value of a preceding block; determining a new block hash value of the data structure; appending a new block comprising the data structure and the new block hash value to the vote blockchain; and storing the vote blockchain in the at least one voting machine memory.

PATENT: Method and system for integration of businesses' loyalty and incentive program rewards by digital currency—universal complimentary digital currency (UCDC) system; US 11,386,448 B1; 7/12/2022; CPC G06Q 30/0227; 15 claims.

SUMMARY: The present application provides a Universal Complimentary Digital Currency (UCDC) System. The disclosed system utilizes digital currency to integrate and unify all the reward units of businesses' L/I programs under one system.

PATENT: System and method for cryptocurrency trading; US 11,386,493 B2; 7/12/2022; CPC G06Q 40/04; 20 claims; assigned to Toffee Merger Sub II, LLC.

ABSTRACT: A system and method that relies upon smart contracts to facilitate cryptocurrency trades through a plurality of different exchanges. The system and method preferably operate on the blockchain.

PATENT: Cryptocurrency trading method and system; US 11,386,494 B2; 7/12/2022; CPC G06Q 40/04; 10 claims; assigned to Coinone Inc.

ABSTRACT: Disclosed herein are a cryptocurrency trading system and method. The cryptocurrency trading system includes: a first matching server configured to generate a transaction pair by matching an order requesting a cryptocurrency transaction with another order to be concluded in conjunction with the former order in order to process the former order; and a coordination device configured to add the first matching server to the cryptocurrency trading system. When the first matching server fails, the coordination device registers a second matching server and allows the second matching server to process the former order.

PATENT: Systems and methods for automated distribution of digital assets; US 11,386,511 B2; 7/12/2022; CPC G06Q 50/186; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT: A method of distributing a smart will of a user, the method comprising: receiving a smart will creation request comprising: one or more beneficiary wallet identifiers, and asset distribution rules; creating, based on the smart will creation request, an estate smart contract, the estate smart contract being configured to authorize transfer of one or more assets registered to the estate smart contract to a storage location specified by an executor smart contract; receiving, by the executor smart contract, a death notification indicative of death of an owner of the estate smart contract; instructing the estate smart contract to transfer the assets from the estate smart contract to a trust smart contract; verifying, by the trust smart contract, that the beneficiary wallets are valid; and transferring, by the trust smart contract, one or more assets to the beneficiary wallets in accordance with the asset distribution rules.

July 5, 2022

Total CPC G06Q Subclass (business methods) patents issued: 178

Financial industry business method patents reviewed herein:   10

PATENT: Decentralized shipping network using blockchains; US 11,379,785 B2; 7/5/2022; CPC G06Q 10/0832; 19 claims; assigned to eBay Inc.

ABSTRACT: Technologies are shown for shipping route selection involving receiving sender and recipient shipping information for an item to be shipped and obtaining shipping route options for the item based on the sender and recipient shipping information. The route options are provided for display and selection of an option. A routing data block is created for the item at an address on a blockchain that stores shipping information for each stage of the selected route. A shipping tag is encoded with the blockchain address and attached to the item. The tag can be scanned to obtain the blockchain address and request information for a next stage of the shipping route from the block. The next shipping information from the block is received and utilized to ship the item to a next geolocation. The next shipping information can be determined based on current conditions, such as weather, pricing and availability.

PATENT: Blockchain-based data processing method and device; US 11,379,803 B2; 7/5/2022; CPC G06Q 20/0658; 21 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: A blockchain node receives transaction data and formatted information corresponding to the transaction data. The blockchain node determines, based on a transaction type corresponding to the transaction data and a predetermined relationship between the transaction type and a processing policy, a processing policy corresponding to the transaction data, where the processing policy includes a data attribute used for conversion and a conversion rule corresponding to the data attribute. The blockchain node converts the formatted information into an attribute value based on the conversion rule. A data attribute corresponding to the attribute value is determined. The blockchain node verifies received transaction data based on the attribute value of the data attribute and the attribute value of the data attribute.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,379,826 B2; 7/5/2022; CPC G06Q 20/3676; 17 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: Embodiments of the application provide a method, apparatus, and electronic device for implementing blockchain-based transactions. The method comprises: determining a transaction amount to be remitted from a remitter's blockchain account into a receiver's blockchain account, wherein a commitment of the remitter's balance is recorded with the remitter's blockchain account in a blockchain, a commitment of the receiver's balance is recorded with the receiver's blockchain account in the blockchain; obtaining a commitment of the transaction amount by using the homomorphic encryption algorithm according to the transaction amount; and submitting to the blockchain a transaction comprising information of the remitter's and the receiver's blockchain accounts, and the commitment of the transaction amount, for the commitment of the transaction amount to be deducted from the commitment of the remitter's balance and the commitment of the transaction amount to be added to the commitment of the receiver's balance.

PATENT: Systems and methods of blockchain for transaction rewards on token locking; 0US 11,379,832 B2; 7/5/2022; CPC G06Q 20/389; 12 claims; assigned to OChain, LLC.

ABSTRACT: The systems and methods of a blockchain platform for transactions, comprising: submitting one or more tokens for locking for a period of time; receiving free interest tokens for the locked tokens using a multiplier; sending the interest tokens to perform a transaction to one or more service providers; releasing the locked tokens; wherein submitting, receiving, sending and releasing of tokens is automatically regulated using smart contract protocol on the blockchain platform. The systems and methods of a blockchain platform wherein the smart contract protocol is comprising of: establishing a negotiated token rate for the transaction for negotiated terms of service; invoking signed markers for the transaction; transferring tokens from reward pool to a challenge pool; releasing tokens from challenge pool after authorization, verification and finalization of the transaction.

PATENT: Secure management of data files using a blockchain; US 11,379,834 B2; 7/5/2022; CPC G06Q 20/389; 20 claims; assigned to eBay Inc.

ABSTRACT: Technologies are shown for secure management of a data file secured on a data file management blockchain that involve generating a genesis block for a data file management blockchain that contains a data file to be managed and signing the genesis block to commit the genesis block to the data file management blockchain. One or more transaction data blocks are generated for the data file management blockchain that each include a modification to the data file and the blocks are signed to commit them to the blockchain. In some examples, the modifications describe changes to the data file and the transaction data blocks are traced to the genesis block and a current data file generated by applying the modifications on the transaction data blocks to the data file in a sequence determined by an order of the one or more transaction data blocks in the data file management blockchain.

PATENT: Methods and systems for recording data based on plurality of blockchain networks; US 11,379,836 B2; 7/5/2022; CPC G06Q 20/401; 18 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: Disclosed are methods and systems for recording data based on a plurality of blockchain networks. One method comprises: in response to receiving data to be recorded, generating a first-type blockchain transaction comprising the data; transmitting the first-type blockchain transaction to the first-type blockchain network; recording one or more first-type blockchain transactions into a first-type block; recording the first-type block on a blockchain of the first-type blockchain network; determining a transaction hash of each of the one or more first-type blockchain transactions in the first-type block; recording one or more second-type blockchain transactions into a second-type block; and recording the second-type block on a blockchain of the second-type blockchain network.

PATENT: User apparatus and manager apparatus included in blockchain network and controlling method thereof; US 11,379,858 B2; 7/5/2022; CPC G06Q 30/02; 18 claims; assigned to Samsung Electronics Co., Ltd.

ABSTRACT: A user apparatus connectable to a block chain system is provided. The user apparatus includes a memory, a communication interface, and at least one processor configured to divide a block chain consisting of a plurality of blocks into an active area and an inactive area based on a predefined standard, store blocks included in the active area in a first portion of the memory, based on a transaction occurring in the block chain system, record information of the transaction in the blocks stored in the first portion of the memory, and control the communication interface to transmit transaction information satisfying a predefined condition among the transaction information stored in the first portion to a manager apparatus included in the block chain system.

PATENT: Retrieving values of digital tickets using smart contracts in blockchain networks; US 11,379,866 B2; 7/5/2022; CPC G06Q 30/0207; 20 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for retrieval of values of digital tickets. One of the methods includes receiving a request from a client device for a current value of a digital ticket by a distributing node. The request includes the digital ticket and one or more value changing rules for determining the current value of the digital ticket. The distributing node retrieves a smart contract from a blockchain network in response to the request from the client device. The smart contract includes the one or more value changing rules for determining the current value of the digital ticket. The distributing node determines the current value of the digital ticket based on an original value of the digital ticket and the one or more value changing rules by executing the smart contract, and associates the current value with the digital ticket.

PATENT: Method for automatically providing cryptocurrency to recommender using propagation on SNS; US 11,379,867 B2; 7/5/2022; CPC G06Q 30/0214; 1 claim.

ABSTRACT: According to an embodiment, a method for automatically providing a cryptocurrency to a recommender using social networking service (SNS) propagation comprises a recommending step in which a blockchain membership node of a member having membership in a proof-of-expansion (PoX) blockchain platform server recommends an identity (ID) of an SNS friend of the member to the PoX blockchain platform server, a registering step in which the PoX blockchain platform server newly registers the ID of the SNS friend as a blockchain membership node, and a reward rate determining step in which the PoX blockchain platform server determines a reward rate for each blockchain member in association with the number of SNS friend IDs that the blockchain member recommends.

PATENT: Blockchain-based service processing; US 11,379,922 B2; 7/5/2022; CPC G06Q 40/08; 27 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: Data from an information storage node of a service consortium blockchain is obtained. The information storage node is a blockchain node in the service consortium blockchain. The data from the information storage node of the service consortium blockchain is stored in a local database. A service processing request is received from a user device. The service processing request includes an identity of a user of the user device and service information of the user. The local database is searched for service data related to the user based on the identity of the user and the service information of the user. Based on the service data related to the user, service processing information to be used in a service processing operation performed responsive to the service processing request is determined. The service processing operation is completed for the user based on the service processing information.

June 28, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Universal tokenisation system for blockchain-based cryptocurrencies; US 11,373,152 B2; 6/28/2022; CPC G06Q 20/0658; 25 claims; assigned to nChain Holdings Limited.

ABSTRACT: A method of creating, redeeming and transferring tokens associated with tokens on a peer-to-peer distributed ledger. The method includes including metadata associated with the token in a redeem script, wherein the redeem script is associated with a transaction of cryptocurrency on the peer-to-peer distributed ledger. One aspect of the invention provides a method of issuing and/or transferring a token, comprising the steps of generating a blockchain transaction (Tx) having an output (TxO) related to a quantity of cryptocurrency such as Bitcoin, and a hash of a redeem script. The redeem script comprises metadata which in turn comprises a token. The token is a representation of, or a reference to, a tokenised entity. The redeem script also comprises at least one (preferably two or more) public cryptographic keys. The metadata is provided in the redeem script at a location which is designated in the underlying blockchain protocol as a location for a cryptographic key.

PATENT: Custom mempool protocol associated with processing of cryptographic events; US 11,373,170 B1; 6/28/2022; CPC G06Q 20/367; 14 claims; assigned to DMG Blockchain Solutions, Inc.

ABSTRACT: Systems and methods for processing events transmitted by an application to hashing processors executing a custom mempool protocol that is independent of the public blockchain protocol. Events transmitted by the application are hashed only into blocks with other events transmitted by the application or events with parameters satisfying a screening criterion and are not propagated to mempools of nodes that are not executing the custom mempool protocol. The blocks are appended to the blockchain according to the public blockchain protocol. Thus, application users exercise intentionality over which hashing processors process their events and which other events will be hashed into a block with the users' events.

PATENT: Method and system for prevention of lost currency in blockchain networks to missing wallets; US 11,373,171 B2; 6/28/2022; CPC G06Q 20/3674; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for ensuring precedence for the processing of a blockchain transaction to prevent loss of cryptographic currency includes receiving a new blockchain transaction by a blockchain node in a blockchain network, confirming the new blockchain transaction including identifying a precedence transaction that was previously conducted and stored in the blockchain that involves both blockchain wallets included in the new blockchain transaction, including the new blockchain transaction in a new block that is generated, and distributing the new block to additional nodes in the blockchain network for confirmation and addition to the blockchain.

PATENT: Method and system for linkage of blockchain private keys; US 11,373,175 B2; 6/28/2022; CPC G06Q 20/3825; 18 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for processing redundant blockchain transactions for linked wallets includes: storing blockchain data associated with a blockchain including a plurality of blocks, each block including a block header and blockchain data values, each data value corresponding to a processed blockchain transaction; receiving a new blockchain data value including an input transaction, recipient address, and transaction amount; confirming each input transaction based on a corresponding blockchain data value; identifying a plurality of blockchain wallets linked to the recipient address, and, for each wallet, an additional recipient address; generating a mirror blockchain data value for each linked wallet including the input transaction, transaction amount, and the additional recipient address identified for the respective linked wallet; and transmitting the new blockchain data value and each mirror blockchain data value to one or more nodes in a blockchain network associated with the blockchain.

PATENT: Method for issuing currency and making payment using utxo-based protocol and server using same; US 11,373,177 B2; 6/28/2022; CPC G06Q 20/3829; 8 claims; assigned to Coinplug, Inc.

ABSTRACT: The present invention relates to a method for issuing a currency comprising the steps of: (a) confirming the validity of a currency issuing transaction and a currency issuer, when the currency issuing transaction for issuing the currency from the currency issuer is obtained, the currency issuing transaction including (i) currency receiver information, (ii) issued amount of the currency, (iii) a public key of the currency issuer, and (iv) a signature value of the currency issuer signing the (i), (ii), and (iii) with a private key of the currency issuer; and (b) registering the currency issuing transaction or a function value thereof on a public blockchain network, and obtaining a currency issuance public transaction ID indicating location information of the currency issuing transaction or the function value thereof on the public blockchain network, when the currency issuing transaction and the currency issuer are deemed valid.

PATENT: Method and system for secure and verifiable offline blockchain transactions; US 11,373,179 B2; 6/28/2022; CPC G06Q 20/389; 20 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for performing secure, verifiable, offline blockchain transactions through a trusted execution environment and time-limited credentials includes: storing, in a trusted execution environment of a computing device, a cryptographic key pair comprised of a public key and a private key; transmitting, by a transmitter of the computing device, the public key to a gateway device in a blockchain network; receiving, by a receiver of the computing device, a time-limited credential from the gateway device; generating, by a processing device of the computing device, a blockchain data value, wherein the blockchain data value includes at least the time-limited credential, a transaction amount, and a destination address; digitally signing, by the trusted execution environment of the computing device, the generated blockchain data value using the private key; and transmitting, by the transmitter of the computing device, the signed blockchain data value to an external device.

PATENT: Method and system for referral fraud prevention via blockchain; US 11,373,202 B2; 6/28/2022; CPC G06Q 30/0214; 16 claims; assigned to MasterCard International Incorporated.

ABSTRACT: A method for preventing account referral fraud includes: receiving a referral request, the request including a referring account identifier; transmitting a digital signature corresponding to the referral request to a processing server; verifying, by the processing server, the digital signature using a public key; identifying a plurality of blockchain data values included in a blockchain using the public key, wherein each data value is related to a blockchain transaction involving a blockchain wallet associated with the public key; generating an authenticity score for the blockchain wallet based on data included in the plurality of blockchain data values; receiving, by the referral server, the authenticity score from the processing server; and processing the referral request based on the authenticity score, wherein processing the referral request includes one of: declining the referral and awarding a referral reward.

PATENT: Method, server, and computer program for mediating advertisement based on block chain; US 11,373,216 B2; 6/28/2022; CPC G06Q 30/0272; 18 claims; assigned to Kakao Games Corp.

ABSTRACT: According to an exemplary embodiment of the present disclosure, a computer program stored in a computer readable storage medium is disclosed. The computer program includes commands causing a computer to perform operations below, the operations including: receiving first information about an advertisement transaction request, second information about a reward payment condition, and a sealed first coin from an advertiser device; receiving advertisement selection information from an advertisement agency; generating an advertisement page based on the first information when the advertisement selection information corresponds to the first information; transmitting the advertisement page to the advertisement agency to cause the advertisement page to be exposed through the advertisement agency; transmitting the second coin to the advertisement agency based on the second information and transmitting the sealed third coin to the advertisement exposure target according to a reception of an application signal from the advertisement exposure target through the advertisement page; and when the reward payment condition is satisfied, transmitting a first key corresponding to the second coin to the advertisement agency, and transmitting the second key corresponding to the third coin to the advertisement exposure target.

PATENT: Transaction processor for clearing interest rate swaps with improved efficiency; US 11,373,238 B2; 6/28/2022; CPC G06Q 40/04; 27 claims; assigned to Chicago Mercantile Exchange Inc.

ABSTRACT: The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps ("IRS") by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume.

PATENT: Real-time currency exchange system; US 11,373,239 B1; 6/28/2022; CPC G06Q 40/04; 9 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A system includes a network interface circuit and a processing circuit configured to receive a physical currency transaction request from a first user device, the physical currency transaction request including a currency exchange transaction parameter, match the physical currency transaction request to another physical currency transaction request based at least in part on the currency exchange transaction parameter, provide the physical currency transaction request to a second user device associated with the another physical currency transaction request, geo-fence an area based on at least one of the currency exchange transaction parameters or a current location of the first user device, determine an exchange location based on the geo-fenced area and the matched physical currency transaction request and another physical currency exchange request, and provide instructions to the first user device and the second user device for an exchange based on the determined exchange location.

June 21, 2022

Total CPC G06Q Subclass (business methods) patents issued:  135

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain assisted asset pedigree traceback; US 11,367,035 B2; 6/21/2022; CPC G06Q 10/08; 18 claims; assigned to Tracelink, Inc.

ABSTRACT: A trace history generation method includes receiving from an originating participant in a custody chain of transactions of an asset, by an intermediate participant, a trace history request for the asset. The request has an identification of an owner, data identifying the asset and a parent transaction identification in association with another of the participants, and a hash of the data. Thereafter, an identifier is assigned for the request and the request verified by interrogating a blockchain with the hash. Upon verification, a trace history document is generated including the data identifying the asset, an identifier of the intermediate participant, and a disposition of the asset including an identifier of a next nearest participant. A hash is computed for the trace history and a blockchain transaction performed recording and storing the hash in connection with the assigned identifier. Finally, the document is transmitted to the originating participant.

PATENT: Decentralized pooled mining for enabling proof-of-work on blockchains; US 11,367,055 B2; 6/21/2022; CPC G06Q 20/065; 14 claims; assigned to IBM.

ABSTRACT: An example method of operation may include one or more of identifying a number of share chains from a smart contract stored in a blockchain, identifying a contributed block received from a miner entity associated with one of the share chains, determining whether the contributed block is valid for the one share chain, and updating the one share chain based on the contributed block.

PATENT: Kiosk-based systems and methods for selling cryptocurrencies; US 11,367,056 B2; 6/21/2022; CPC G06Q 20/065; 22 claims; assigned to Coinstar Asset Holdings, LLC.

ABSTRACT: A method for selling a cryptocurrency via a consumer-operated kiosk is provided. In some embodiments, the method: displays to a user, via a user interface, one or more options to purchase one or more cryptocurrencies; receives from the user, via the user interface, a selection of one of the cryptocurrencies; obtains a cryptocurrency exchange rate from a cryptocurrency exchange; presents the exchange rate to the user via the user interface; receives from the user payment for the selected cryptocurrency via a bill acceptor; purchases the selected cryptocurrency from the cryptocurrency exchange in an amount based on a value of the received payment and the exchange rate; and displays to the user, via the user interface, a receipt having a redemption code and a personal identification number (PIN), wherein both the redemption code and the PIN are necessary to obtain the selected cryptocurrency.

PATENT: Collaborative video non-fungible tokens and uses thereof; US 11,367,060 B1; 6/21/2022; CPC G06Q 20/1235; 18 claims; assigned to Creator Proof LLC.

ABSTRACT: One example computer-implemented collaborative NFT method involves receiving and digitally storing a set of files, each file comprising digital content; programmatically associating the set of files with a corresponding unique project identifier; receiving digital input specifying a final digital composition comprising information from the set of files; digitally storing the final digital composition as a digital object in a database; receiving digital input specifying an allocation of authorship shares representing a distribution of ownership rights in the digital object; minting, on a blockchain, an NFT comprising a reference to the digital object; creating, on the blockchain, a smart contract specifying a fractional ownership of the digital object, the smart contract comprising a pointer to a metadata file associated with the NFT, the metadata file comprising one or more links to one or more corresponding digital assets associated with the NFT, each digital asset comprising a representation of the NFT.

PATENT: Wallet recovery method; US 11,367,066 B2; 6/21/2022; CPC G06Q 20/3674; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: Systems and methods for blockchain wallet recovery, including: receiving a wallet recovery request from a user; sending a signed recovery transaction to the wallet, the signed recovery transaction comprising recovery instructions; and providing wallet access to the user, according to the recovery instructions, when a recovery condition is met. In examples, the recovery transaction is signed by a recovery key, different from a set of old wallet owner keys, that is associated with the wallet; the recovery instructions include new owner address(es) associated with a set of new owner keys; and providing wallet access includes activating the new owner addresses for the wallet after the recovery transaction is verified as signed by the recovery key.

PATENT: Decentralized blockchain for artificial intelligence-enabled skills exchanges over a network; US 11,367,068 B2; 6/21/2022; CPC G06Q 20/3829; 20 claims; assigned to Entefy Inc.

ABSTRACT: An improved decentralized, blockchain-driven network for artificial intelligence (AI)-enabled skills exchange between Intelligent Personal Assistants (IPAs) in a network is disclosed that is configured to perform computational tasks or services (also referred to herein as "skills") in an optimally-efficient fashion. In some embodiments, this may comprise a first IPA paying an agreed cost to a second IPA to perform a particular skill in a more optimally-efficient fashion. In some embodiments, a skills registry is published, comprising benchmark analyses and costs for the skills offered by the various nodes on the skills exchange network. In other embodiments, a transaction ledger is maintained that provides a record of all transactions performed across the network in a tamper-proof and auditable fashion, e.g., via the use of blockchain technology. Over time, the AI-enabled nodes in the system may learn to scale, replicate, and transact with each other in an optimized--and fully autonomous--fashion

PATENT: Secure tracking and transfer of items using a blockchain; US 11,367,071 B2; 6/21/2022; CPC G06Q 20/389; 12 claims; assigned to eBay, Inc.

ABSTRACT: Technologies are shown for tracking transfer of an item on an item tracking data blockchain, where transfers of the item and the holder of the item are recorded in item tracking data blocks of the blockchain. In some examples, a verification of the item is performed for a transfer and recorded in the data block for the transfer. In other examples, the blockchain stores a unique code for the ticket. Transfers of the ticket are recorded in the blockchain. When the ticket is presented for use, a holder identifier and a presented ticket code are validated against a holder identifier in the most recent block in the blockchain and the unique code for the ticket stored in the blockchain. In some examples, a portion of a resale price of the ticket is sent to an issuer of the ticket.

PATENT: Systems and methods for providing real-time pre-trade risk assessment; US 11,367,136 B2; 6/21/2022; CPC G06Q 40/04; 18 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: Payment processing apparatus using virtual currency with automatic trading function of virtual currency and operating method thereof; US 11,367,137 B2; 6/21/2022; CPC G06Q 40/04; 9 claims; assigned to UBIFUN Co., Ltd.

ABSTRACT: Disclosed are a payment processing apparatus using a virtual currency with an automatic trading function of the virtual currency and an operating method thereof. The present invention may provide a platform which may use a virtual currency as a trading means of goods by presenting a payment processing apparatus for supporting a product purchaser to pay a price of a product to a product seller using a virtual currency and an operating method thereof.

PATENT: Computerized geolocation tool; US 11,367,147 B1; 6/21/2022; CPC G06Q 40/12; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Various examples are directed to systems and methods for providing location-specific financial information to a user. A geographic data system may receive a social media data feed and an e-mail feed. The geographic data system may extract theme data from at least one of the social media feed data or the e-mail data and select a first user expense category based at least in part on the theme data. The geographic data system may receive from an application executing at a user computing device location data indicating a first geographic location and generate a location-specific user expense based at least in part on the first user expense category and the location data. The geographic data system may generate a graphical user interface comprising a map including the first geographic location and an indication of the location-specific user expense.

June 14, 2022

Total CPC G06Q Subclass (business methods) patents issued:  141

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-enabled edge computing method for production scheduling; US 11,361,262 B2; 6/14/2022; CPC G06Q 10/06311; 6 claims; assigned to Guangdong University of Technology.

ABSTRACT: Disclosed is a blockchain-enabled edge computing method for production scheduling. The method includes modeling a smart contract between a device and a manufacturing unit, and using the smart contract to perform production scheduling on the device inside the manufacturing unit; one of the manufacturing units includes multiple devices; mounting each device on the blockchain operating node, the MES issues production instructions to the nodes of each manufacturing unit, at the same time, the nodes acquire production data of the device through multiple data sources of the device, the operating state data and process parameter data of each device are acquired in real time, and the data is directly chained from the device level; according to the production instructions and device parameters obtained by the manufacturing unit, using edge computing to dynamically adjust the device load, efficiency, and utilization.

PATENT: Distributed cryptographic tokens with downstream administrative control; US 11,361,289 B1; 6/14/2022; CPC G06Q 20/0658; 21 claims; assigned to Polymath Inc.

ABSTRACT: Disclosed is a platform That enables centralized control over updates to a distributed cryptocurrency network through inclusion of an administrative user to a set of tokens that operate on a base cryptocurrency network but include rule sets that are separate from those of the base cryptocurrency. A plurality of customized token types are generated by a platform provider for respective administrative users. The platform provider may provide software updates that are implemented at the sole discretion of the respective administrative users.

PATENT: Systems and methods for linking high-value tokens using a low-value token; US 11,361,297 B2; 6/14/2022; CPC G06Q 20/206; 20 claims; assigned to Wordpay, LLC.

ABSTRACT: Embodiments include methods and systems for linking high-value tokens using a low-value token, comprising receiving, from an electronic data server, a first high-value token and a request for a low-value token, the first high-value token being associated with sensitive data associated with a user, and the low-value token being associated with a subset of the sensitive data associated with the user. The methods and systems further comprise providing the low-value token to the electronic data server, and receiving, from a second electronic data server, the low-value token and a request for a second high-value token, the low-value token having been provided to the second electronic data server by the electronic data server. The methods and systems further comprise generating a second high-value token associated with the sensitive data associated with the user, and providing the second high-value token to the second electronic data server.

PATENT: Decentralized system for performing blockchain-based token management using a side-blockchain network; US 11,361,308 B1; 6/14/2022; CPC G06Q 20/367; 12 claims; assigned to Virtue Gaming Holding Ltd.

ABSTRACT: A decentralized system is provided for using smart contracts executed on a side-blockchain network for performing token management by limiting token withdrawals from restricted wallets until an owner of the restricted wallet has met specified criteria and by permitting recapture of tokens from restricted wallets when the owner of the restricted wallet fails to meet the specified criteria within a specified time limit.

PATENT: System and methods for point to point encryption and tokenization using a mobile device; US 11,361,312 B2; 6/14/2022; CPC G06Q 20/3829; 19 claims; assigned to Walmart Apollo, LLC.

ABSTRACT: Mechanisms for providing point to point encryption and tokenization enabling decryption, tokenization and storage of sensitive encrypted data on one system are discussed.

PATENT: Blockchain-issued verifiable credentials for portable trusted asset claims; US 11,361,324 B2; 6/14/2022; CPC G06Q 30/0185; 20 claims; assigned to IBM.

ABSTRACT: A processor may register one or more verifiable asset credential schemas. A verifiable asset credential schema may prescribe the format and content of asserting blockchain-backed asset state. The processor may register an issuer policy for the verifiable asset credentials. The issuer policy may be associated with a schema and intended credential holder(s). The processor may subscribe the asset credential issuer to one or more peers on the blockchain. The processor may issue commit notifications to a subscribing asset credential issuer in the form of schema-compliant committing-peer verifiable credentials. The processor may collect the committing-peer verifiable credentials from one or more peers. The processor may validate the committing-peer verifiable credentials satisfy the security policy and schema for a designated intended credential holder. The processor may issue a schema-compliant verifiable asset credential to the policy-designated credential holder(s).

PATENT: System and method for dynamically regulating order entry in an electronic trading environment; US 11,361,377 B2; 6/14/2022; CPC G06Q 40/04; 16 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy.

PATENT: System and method for communicating with an electronic exchange in an electronic trading environment; US 11,361,378 B2; 6/14/2022; CPC G06Q 40/04; 17 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: System and methods for a connection proxy server are described. According to an example method described herein, a connection proxy server stores subscription, product tables as well as other downloads that are provided to a client terminal during initialization stage as well as later during a trading session. Upon detecting that a connection between the client terminal and a gateway is lost, the connection proxy maintains a communication session created for the client terminal at the gateway and receives data intended for the client terminal. If the connection is re-established between the client terminal and the gateway during a predetermined period of time, the connection proxy provides the stored data to the client terminal thus avoiding a surge in processing resources at the gateway due to the necessary downloads.

PATENT: Blockchain systems and methods for managing usage-based contracts; US 11,361,388 B1; 6/14/2022; CPC G06Q 40/018; 14 claims; assigned to State Farm Mutual Automobile Insurance Company.

ABSTRACT: A system for generating and managing usage-based contracts using blockchains configured to (i) store an insurance contract for a currently occurring or upcoming trip, where the insurance contract is to insure the driver, passenger, and/or vehicle during the trip, where the insurance contract includes terms, conditions, or other clauses (e.g., mileage limitations, limitations on autonomous vehicle operation, etc.) and is in a blockchain structure, and where several nodes store copies of the insurance contract in the blockchain structure; (ii) receive, from the driver and/or (autonomous) vehicle, a requested modification of one or more terms, conditions, or other clauses of the insurance contract, (iii) transmit the requested modification to an insurance auction network, (iv) receive a response to the request from the insurance auction network; and (v) store the response in a new block in the insurance contract (e.g., a smart contract) to facilitate providing trip insurance in a transparent manner.

PATENT: Adaptive life advisor system; US 11,361,389 B1; 6/14/2022; CPC G06Q 40/012; 20 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: Examples described herein relate to apparatuses and methods for providing automated advising services to a customer of a provider institution, including but not limited to a provider institution computing system determining a goal of the customer based on a user input of the customer, generating a set of sub-goals for the goal, determining a current status of the customer relating to the sub-goals and the goal, determining whether the current status of the customer meets any sub-goals and a projected status of the customer indicating whether the customer is projected to meet the goal, and sending a notification to a user device of the customer notifying the customer of a completion state of the goal based on at least one of the sub-goals met by the current status of the customer and whether the customer is projected to meet the goal.

June 7, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Blockchain-implemented digital agreement management for digital twin assets; US 11,354,615 B2; 6/7/2022; CPC G06Q 10/0637; 19 claims; assigned to IBM.

ABSTRACT: Managing digital workflows based on events involving digital representations of physical assets in enterprise asset management (EAM) systems. Events are detected and workflows are generated based on information in the digital representations and one or more digital libraries having resources for the digital representations.

PATENT: Controlling initiation of a blockchain election using a burn quota; US 11,354,629 B1; 6/7/2022; CPC G06Q 20/065; 20 claims; assigned to Hiro Systems PBC.

ABSTRACT: An improved blockchain is described herein in which a burn quota is used to manage the rate at which blocks in a blockchain are formed. The burn quota may define the amount of cryptocurrency that needs to be burned in order for an election to commence. If the amount of cryptocurrency that is burned in association with a particular block in the burn chain is less than the burn quota, then no election or sortition occurs in association with that block. Rather, an election or sortition may occur in relation to the next block in the burn chain if the sum of the cryptocurrency burned in the previous block and the next block exceeds the burn quota. The nodes can vary the burn quota itself based on whether an election or sortition occurred or did not occur in a manner such that blocks are formed at a consistent rate.

PATENT: System and method for location-based token transaction processing; US 11,354,651 B2; 6/7/2022; CPC G06Q 20/067; 20 claims; assigned to Royal Bank of Canada.

ABSTRACT: Systems, methods, and machine-executable data structures for the processing of data for the secure creation, administration, manipulation, processing, and storage of electronic data useful in the processing of electronic payment transactions. Aspects of such methods, systems, and data structures include providing at an electronic device, an output indicating that a dynamically-configured electronic token is in a transaction-ready state, where the dynamically-configured electronic token is associated with a plurality of loyalty accounts; in response to one or more signals providing information regarding a location of the electronic device, obtaining token data associated with a loyalty account of the plurality of loyalty accounts corresponding to the location of the electronic device; and via a data communication interface, route a token, generated from the token data, for processing at a transaction processing system.

PATENT: Method and system for offline blockchain exchanges; US 11,354,658 B2; 6/7/2022; CPC G06Q 20/3829; 22 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for conducting an offline data exchange associated with a blockchain includes: storing a structured data set associated with a blockchain network, the data set including a network identifier, unspent output hash, output index, output value, and key pair; receiving the network identifier and a transaction amount from a point of sale; validating the structured data set as including the network identifier and an output value greater than or equal to the transaction amount; transmitting the unspent output hash and output index to the point of sale; receiving a destination address from the point of sale; generating transaction data including the destination address and a payment amount based on the transaction amount; and transmitting the transaction data to the point of sale.

PATENT: System and method for implementing a payment architecture that provides instant, risk-free payment in digital cash; US 11,354,662 B2; 6/7/2022; CPC G06Q 20/389; 20 claims; assigned to Izzi, Inc.

ABSTRACT: An embodiment of the present invention is directed to a system utilizing a new form of digital cash held by users in deposit accounts with banks, backed by central bank liquidity and recorded on a centralized ledger, for making payment, in a single currency or cross-currency. An embodiment of the present invention simultaneously, instantly and finally makes the corresponding adjustments to the assets and liabilities of all banks in the correspondent chain on the ledger between the payer and payee for a payment in a single currency. For cross-currency payments, an embodiment of the present invention provides competitive rates from foreign exchange traders; settles the payment and the associated foreign exchange transaction in a new form of integrated tri-party transaction which is instant and legally final for the payer, payee and foreign exchange trader; and simultaneously, instantly and finally makes corresponding adjustments to the ledger for all associated parties.

PATENT: Systems and methods for facilitating spending digital currency without owning digital currency; US 11,354,665 B1; 6/7/2022; CPC G06Q 20/40145; 20 claims; assigned to HYPR Corp.

ABSTRACT: Spending digital currency without owning digital currency may be facilitated. The user may use a software application running on the user's computing platform to scan a digital currency public address quick-response code (QR), or a near-field-communication (NFC) based public address. The user may be prompted to swipe-to-authenticate the transaction. The user may authenticate the transaction by fingerprint-swiping a biometric-enabled transitory password authentication device. The biometric-enabled transitory password authentication device may transmit an encrypted transitory password a server via the user's computing platform. Upon receiving and verifying the transaction, the server may send an amount of digital currency to the target address on behalf of the user. The server may charge the user's debit card an equivalent amount of sovereign currency.

PATENT: System and method for improving security of smart contract on blockchain; US 11,354,727 B2; 6/7/2022; CPC G06Q 30/0637; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A computer-implemented method for improving security of smart contract comprises: obtaining a first and a second transactions both invoking a smart contract, wherein the first transaction is associated with a protection condition; executing the second transaction and updating a current state of the smart contract; determining whether the updated current state of the smart contract satisfies the protection condition; in response to determining that the updated current state satisfies the protection condition, executing the first transaction, and recording the second and the first transactions into a data block for adding to a blockchain; and in response to determining that the updated current state does not satisfy the protection condition, recording the second transaction into another data block for adding to the blockchain, without executing the first transaction.

PATENT: Cryptographic monetary system for providing digital currency; US 11,354,734 B2; 6/7/2022; CPC G06Q 40/025; 11 claims.

ABSTRACT: System (100) operable to store loan ledger (700) operable to store data records in blockchain (600), and available balance (111) of an asset-backed digital currency. The data records comprising loan records (210) and loan payments records (220). The system further comprises processor (302) communicatively coupled to memory (304). Processor (302) may receive a request corresponding to loan record (210), requesting to store loan record (210) in loan ledger (700), and increment available balance (111) by loan's (210) principal amount (212). Processor (302) may also receive a payment request comprising loan payment record (220) associated with loan record (210), requesting to store loan payment record (220) in loan ledger (700), and decrement available balance (111) by a portion of payment amount (221) corresponding to loan principal payment (222). Whereby, system (100) provides the asset-backed digital currency having value comprising total value of loans (210) stored in loan ledger (700).

PATENT: Systems and methods for operating a math-based currency exchange; US 11,354,738 B1; 6/7/2022; CPC G06Q 40/04; 17 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A method of performing a currency trade involving a math-based currency ("MBC") for a customer having a MBC account with a financial institution is described. The financial institution receives a trade order and determines an optimal trade sequence that may involve more than one trade to achieve the initially requested currency trade. The financial institution updates account balances associated with the customer on an overlay ledger to reflect the currency trade. The overlay ledger includes information relating to account balances of a plurality of MBC accounts associated with a plurality of customers.

PATENT: Blockchain-based cross-currency settlement methods, apparatuses, and devices; US 11,354,744 B2; 6/7/2022; CPC G06Q 40/04; 19 claims; assigned to Alipay (Hangzhou) Information Technology Co., Ltd.

ABSTRACT: A blockchain-based cross-currency settlement method performed by a blockchain network is disclosed, including: adding a first blockchain asset corresponding to a first off-chain funds of a first currency to a blockchain account of a transit node in the blockchain network, wherein the first settlement node is inside a territory; adding a second blockchain asset corresponding to a second off-chain funds of a second currency to the blockchain account of the transit node in the blockchain network, wherein the second settlement node is outside the territory; in response to receiving the fund exchange transaction, transferring the first blockchain asset from a blockchain account corresponding to the transit node to a blockchain account corresponding to the second settlement node, and transferring the second blockchain asset from the blockchain account corresponding to the transit node to a blockchain account corresponding to the first settlement node to perform cross-currency fund settlement.

May 31, 2022

Total CPC G06Q Subclass (business methods) patents issued:  157

Financial industry business method patents reviewed herein:   10

PATENT: Method of executing conventional purchase transactions using cryptocurrency; US 11,348,081 B2; 5/31/2022; CPC G06Q 20/20; 11 claims; assigned to Flowency, LLC.

ABSTRACT: A method of using cryptocurrency to transact fiat currency purchases using conventional POS apparatus includes funding by a user of a cryptocurrency account that requires withdrawal transactions to be signed by both the user and a payment platform. Upon purchase initiation, a platform-issued authorization number is entered into a merchant's POS apparatus and transmitted to the platform. Upon verification of sufficient cryptocurrency, the platform transmits payment information to the user, and upon approval thereof by the user, the user transmits a user-signed cryptocurrency transaction to the platform, and the platform remits fiat currency to the merchant. As purchases continue during an aggregation period, each user-signed transaction is sufficient to fund the aggregated purchases. Upon termination of the aggregation period, the most recent user-signed transaction is executed to withdraw cryptocurrency from the user's account. The user can display the authorization number on a mobile device for scanning by the POS apparatus.

PATENT: Rapid distributed consensus on blockchain; US 11,348,095 B2; 5/31/2022; CPC G06Q 20/36; 15 claims; assigned to nChain Licensing AG.

ABSTRACT: There may be provided a computer-implemented method. It may be implemented using a blockchain network such as, for example, the Bitcoin network. The computer-implemented method includes i) joining, by a node, a group through transfer of tokens to a public group address to become a group member, the group being associated with a threshold signature scheme for which the node controls a private key share, the transfer of tokens being made on a proof-of-work blockchain network; and ii) cooperating, by the node, with other nodes of the group to achieve a distributed consensus as to the correctness of work product of a proposer in response to a challenge, by a challenger, of that work product, the challenge responsive to a request made by a requester, wherein achieving the distributed consensus includes: a) deploying a ghost chain to achieve the distributed consensus resolving the challenge, the ghost chain being a proof-of-stake blockchain in which miners of the ghost chain are members of the group; and c) terminating the ghost chain upon resolution of the challenge.

PATENT: Digital contracts in blockchain environments; US 11,348,097 B2; 5/31/2022; 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 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: Decisional architectures in blockchain environments; US 11,348,098 B2; 5/31/2022; CPC G06Q 20/367; 11 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: Systems and methods for implementing blockchain-based content engagement platforms utilizing media wallets; US 11,348,099 B2; 5/31/2022; CPC G06Q 20/3678; 15 claims; assigned to Artema Labs, Inc.

ABSTRACT: Systems and methods are described for implementing blockchain-based content engagement platforms. In several embodiments, the content engagement platform includes a registry service which enables verified content creators to mint Non-Fungible Tokens (NFTs). In many embodiments, media wallet applications enable users to securely store NFTs and/or other tokens on their devices. In a number of embodiments, the media wallet applications collect data concerning media consumed by users and aggregate the media consumption data in a permissioned analytics blockchain. The manner in which the media consumption data is stored can enable users to control permission to access their personal data. In one embodiment, a media wallet is provided that can securely store NFTs, display a user interface through which user instructions concerning data access permissions are received, and cause media consumption data to be written to at least one immutable ledger in conjunction with a set of data access permissions.

PATENT: Methods and devices for acquiring and recording tracking information on blockchain; US 11,348,104 B2; 5/31/2022; CPC G06Q 20/389; 15 claims; assigned to Advanced New Technologies Co. Ltd.

ABSTRACT: Disclosed herein are methods, devices, and apparatuses, including computer programs stored on computer-readable media, for acquiring and recording tracking information on a blockchain. One of the methods includes: verifying, by a terminal device, an identity of a user who is to submit transaction data for recordation on the blockchain; acquiring, by the terminal device, tracking information to be submitted with the transaction data for recordation on the blockchain, the tracking information including identity information of the user and a location of the terminal device; generating, by the terminal device, a data package including the tracking information and the transaction data; and submitting, by the terminal device, the data package for recordation on the blockchain.

PATENT: System and method for a self-calculating token vault; US 11,348,105 B2; 5/31/2022; CPC G06Q 20/401; 3 claims; assigned to Sequent Software, Inc.

ABSTRACT: A system and method for electronic payment that involves generating and then using a temporary token based on a legacy PAN (Primary Account Number) to conduct an electronic transaction. The token is generated by transforming the PAN using specific inputs such that the original PAN can be recovered by manipulating the token in various ways as disclosed herein. One potential manipulation that may be used is encryption/decryption. The token is transmitted to a portable electronic device such that the portable electronic device may present the token to a point-of-sale device. The POS communicates the token to a server which validates the token by, among other things, recovering the PAN. If the PAN is recovered as expected a validation message is returned to the POS device.

PATENT: Detection of intra-firm matching and response thereto; US 11,348,173 B2; 5/31/2022; CPC G06Q 40/04; 20 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.

PATENT: System and method for coalescing market data at a network device; US 11,348,174 B2; 5/31/2022; CPC G06Q 40/04; 14 claims; assigned to Trading Technologies International, Inc.

ABSTRACT: A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information.

PATENT: Computerized transaction management module for blockchain networks; US 11,348,187 B2; 5/31/2022; CPC G06Q 40/12; 20 claims; assigned to Oracle Financial Services Software Limited.

ABSTRACT: Systems, methods, and other embodiments associated with managing transactions communicated over a blockchain network are described. In one embodiment, a method includes receiving a transaction to communicate over the blockchain network, and validating the transaction using hardcoded properties. The example method may also include populating values into the parent transaction table and the child transaction table, and using such tables to facilitate the communication of the transaction over the blockchain network.

May 24, 2022

Total CPC G06Q Subclass (business methods) patents issued:  193

Financial industry business method patents reviewed herein:   10

PATENT: Hierarchical blockchain architecture for global trade management; US 11,341,451 B2; 5/24/2022; CPC G06Q 10/08; 3 claims; assigned to Questaweb Holdings Inc.

ABSTRACT EXCERPT: Described is a reactive hierarchical blockchain architecture, system, and methodology for Global Trade Management (GTM). The system includes a comprehensive suite of GTM applications and leverages multi-national content to deliver efficient cross-boarder transactions anywhere in the world. The tiered computer-implemented system and method allow development of distributed GTM blockchain solutions capable of processing enormous amounts of global content at scale to meet huge transaction volume. The hierarchical blockchain architecture further assures scalability of the GTM solutions described herein by reducing the need for performing extensive calculations on multiple blockchain nodes.

PATENT: Blockchain ledger entry upon maintenance of asset and anomaly detection correction; US 11,341,463 B2; 5/24/2022; CPC G06Q 10/20; 20 claims; assigned to IBM. ABSTRACT: A method, computer system, and a computer program product for triggering a writing of a new block on a blockchain structure based on a completion of a work order using one or more Internet of Things (IoT) sensor readings is provided. The present invention may include addressing, by a service technician, an IoT event associated with a physical asset. The present invention may then include updating a digital twin associated with the physical asset based on the addressed IoT event. The present invention may further include automatically writing the new block associated with the addressed IoT event on the blockchain structure based on the updated digital twin associated with the physical asset.

PATENT: Transferring digital tickets based on blockchain networks; US 11,341,466 B2; 5/24/2022; CPC G06Q 20/0457; 19 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for blockchain network digital ticket transfer. One of the methods includes receiving a request from a client device to transfer a digital ticket from a blockchain network to a target server by a blockchain network node. The blockchain network node determines whether the client device is authorized to transfer the digital ticket based on a digital signature in the request, and transmits a notification message to the target server if the digital signature is valid. The blockchain network node receives a confirmation message from the target server indicating validity of the client device, and transfers the digital ticket to the target server.

PATENT: Implementing logic gate functionality using a blockchain; US 11,341,484 B2; 5/24/2022; CPC G06Q 20/3678; 18 claims; assigned to nChain Holdings Ltd.

ABSTRACT EXCERPT: 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 OR, AND, XOR, NOT and so on. In some examples, the instructions may be provided in a hashed form. 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.

PATENT: System for secure transfer of encrypted resources and asynchronous execution; US 11,341,486 B2; 5/24/2022; CPC G06Q 20/382; 16 claims; assigned to Bank of America Corporation.

ABSTRACT: Embodiments of the present invention provide a system for secure transfer of encrypted resources and asynchronous execution. In general, a user initiates an event with a merchant system and requests a secure resource transfer process associated with the event. Encrypted initial event details are transmitted through an asynchronous command form the merchant system to a computing device of the user, and resource information is identified at the computing device of the user. The computing device of the user then transmits the event details and the resource information to an event processing system for final execution.

PATENT: System and method for information protection; US 11,341,466 B2; 5/24/2022; CPC G06Q 20/38215; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A computer-implemented information protection method comprises: obtaining a plurality of encrypted transaction amounts associated with transactions among a plurality of accounts, wherein each of the encrypted transaction amounts is associated with one of the accounts that sends or receives one of the transaction amounts, and the encryption of each of the transaction amounts at least conceals whether the one account sends or receives the one of the transaction amounts; generating a sum proof based on the obtained encrypted transaction amounts, the sum proof at least indicating that the transaction amounts are balanced; and transmitting the encrypted transaction amounts and the sum proof to one or more nodes on a blockchain network for the nodes to verify the transactions.

PATENT: Systems and methods for issuing and tracking digital tokens within distributed network nodes; US 11,341,488 B2; 5/24/2022; CPC G06Q 20/3827; 16 claims; assigned to Northern Trust Corporation.

ABSTRACT: Systems and methods described herein may generate a digital payment token associated with a payor-user indicating the status of a payment obligation of the payor-user. The systems and methods may generate a first block containing the digital payment token and append the first block to a blockchain. The systems and methods may receive a confirmation message from a third-party transaction server that the payor-user has either fully or partially fulfilled his or her payment obligation. Based upon the confirmation message, the systems and methods may retrieve the block containing the digital payment token and update the digital payment token to generate an updated digital payment token. The system and methods may generate a second block containing the updated digital payment token to supersede the first block and append the second block to the blockchain. The updated digital payment token may indicate that the digital payment token has expired.

PATENT: Carbon footprint blockchain network; US 11,341,490 B2; 5/24/2022; CPC G06Q 20/3829; 20 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of storing a plurality of transactions in a carbon footprint blockchain, each stored transaction including one or more items and a carbon footprint associated with the one or more items included in the transaction, receiving a transaction processing request from a merchant terminal, the transaction processing request including an identification of an item and a user identification, executing chaincode which determines an aggregate carbon footprint of the user based on a carbon footprint of the item and a carbon footprint of one or more previous purchases of the user stored in the carbon footprint blockchain, and transmitting information about the determined aggregate carbon footprint of the user to the merchant terminal.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,341,492 B2; 5/24/2022; CPC G06Q 20/389; 11 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 blockchain account of a remitter into a blockchain account of a receiver, wherein the blockchain account of the remitter records a homomorphic encryption ciphertext of the remitter's balance, the blockchain account of the receiver records a homomorphic encryption ciphertext of the receiver's balance; generating a homomorphic encryption ciphertext of the transaction amount with respect to the remitter and a homomorphic encryption ciphertext of the transaction amount with respect to the receiver; and submitting to the blockchain a transaction for the homomorphic encryption ciphertext of the transaction amount with respect to the remitter to be subtracted from the homomorphic encryption ciphertext of the remitter's balance and for the homomorphic encryption ciphertext of the transaction amount with respect to the receiver to be added to the homomorphic encryption ciphertext of the receiver's balance.

PATENT: Management device, cryptocurrency system, and system; US 11,341,576 B2; 5/24/2022; CPC G06Q 40/04; 9 claims; assigned to GVE Ltd.

ABSTRACT: [Problem] Provided are a management device and a cryptocurrency system capable of smoothly operating an entire system by detecting fraud on cryptocurrencies without using enormous calculation amounts. [Solution] A management device connected to a plurality of user devices via a network, the management device including: an issued information storage area that stores a cryptocurrency ID of an issued cryptocurrency; an account information storage area that stores account information in association with one or a plurality of cryptocurrency IDs; and a history information storage area that stores history information of a cryptocurrency in association with a cryptocurrency ID.

May 17, 2022

Total CPC G06Q Subclass (business methods) patents issued: 140

Financial industry business method patents reviewed herein:   10

PATENT: Check tampering prevention using blockchain; US 11,334,856 B2; 5/13/2022; CPC 20/042; 18 claims; assigned to Capital One Services, LLC.

ABSTRACT: Various embodiments are directed to techniques for ensuring that a negotiable instrument has not been altered between the time the instrument leaves the hands of the payor and when the check is presented for redemption by the payee by recording an image of the check in a data block in a blockchain and retrieving the image when the check is presented for redemption for comparison with the check. A match between the stored image and the check indicates that no alteration of the check has occurred.

PATENT: Digital contracts in blockchain environments; US 11,334,874 B2; 5/13/2022; CPC 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: Techniques for authenticating and tokenizing real-world items; US 11,334,875 B2; 5/13/2022; CPC 20/3672; 20 claims; assigned to Verona Holdings Sezc.

ABSTRACT: In embodiments of the present invention, methods are provided for receiving a photograph of, and information relating to, an item, and generating a virtual representation of the item. The item may be authenticated by making an authentication request via a portal to subject-matter authentication experts, wherein the portal displays the virtual representation of the item in the portal. An authentication report may be received from the experts, and a non-fungible digital token having a unique token identifier may be generated. The non-fungible token may be cryptographically linked to the virtual representation of the item on a cryptographic ledger and ownership data of the non-fungible token associated with an account of an owner of the item on the cryptographic ledger.

PATENT: Techniques for transferring digital tokens; US 11,334,876 B2; 5/13/2022; CPC 20/3672; 21 claims; assigned to Verona Holdings Sezc.

ABSTRACT: In embodiments of the disclosure a method is disclosed for exchanging digital tokens from a message-based application is disclosed. The method includes displaying, by a digital wallet GUI, an inventory of tokens that are owned by a user. Each token is linked to a virtual representation of an item and redeemable for an instance of the item. The method also includes receiving an instruction to transfer a digital token from the inventory of tokens to a recipient and displaying a keyboard that includes a selectable media content that represents the item linked to the token. The method also includes receiving a selection of the media content and embedding a token identifier of the token in a text-based message that is sent to the recipient, such that the recipient can select the selectable media content to accept to the digital token into a respective digital wallet of the recipient.

PATENT: Data access management on a distributed ledger system; US 11,334,882 B1; 5/13/2022; CPC 20/3829; 15 claims; assigned to USAA.

ABSTRACT: Techniques are described for managing ownership and transfers of physical objects using information stored on a distributed ledger such as a blockchain. A distributed ledger may securely store object data describing the current owner(s) of an object, the previous owner(s) of the object, the history of transfers of the object, and/or other information regarding the object. Use of a distributed ledger may provide an immutable, readily auditable record of the current ownership and ownership history of the object. Each user participating in the system may be assigned a unique identifier to be used for conducting transactions on the distributed ledger network. A user may also be provided with a digital security token such as a cryptographic key that is useable to authenticate the user and enable access to the object data stored on the distributed ledger(s).

PATENT: Systems, methods, and program products for modifying the supply, depositing, holding and/or distributing collateral as a stable value token in the form of digital assets; US 11,334,883 B1; 5/13/2022; CPC 20/3829; 10 claims; assigned to Gemini IP, LLC.

ABSTRACT: The present invention generally relates to a method, system and program product for depositing, holding and/or distributing collateral in the form of digital assets in a peer-to-peer network.

PATENT: Encapsulated security tokens for electronic transactions; US 11,334,884 B2; 5/13/2022; CPC 20/3829; 6 claims; assigned to Institutional Distributers Technology, LLC. ABSTRACT: Functional data for use in one or more digital transactions are secured by using an encapsulated security token (EST). In certain embodiments, the EST is created by encapsulating digital data including the functional data using at least two cryptographic systems of two parties. The encapsulation and subsequent de-encapsulation can utilize cryptographic systems of the parties that involve a private key for signing and decryption and a public key for encryption and signature verification. If constructed carefully over a series of rigorous events, the resulting EST can be practically impossible to counterfeit. In addition, a propagation of rights can be tracked for auditing and rights can be easily terminated or modified.

PATENT: Mirrored token vault; US 11,334,885 B2; 5/13/2022; CPC 20/385; 20 claims; assigned to Visa International Service Association.

ABSTRACT: Embodiments are directed to a first token vault managed by a token service provider and a second token vault managed by a second entity. The first token vault is continuously synchronized with the second token vault in real-time. That is, the data in the second token vault is updated simultaneously with or immediately after the data in the first token vault is updated. In some embodiments, the first token vault may be a master token vault and the second token vault may be a mirror token vault. The mirror token vault may store the same information as the master token vault. Alternatively, the mirror token vault may store a subset of the information stored at the master token vault. In other embodiments, the information stored at the first token vault and the information stored at the second token vault may be mutually exclusive.

PATENT: Method and apparatus for consensus verification; US 11,334,888 B2; 5/13/2022; CPC 20/401; 18 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method for consensus verification implementable by a first blockchain node in a consensus network may comprise: receiving a transaction request from a client, and performing a first security verification on the transaction request; in response to determining that the transaction request passes the first security verification, storing the transaction request, and broadcasting the transaction request to each of second blockchain nodes in the consensus network, causing the each second blockchain node to store the transaction request in response to the second blockchain node determining that the transaction request passes a second security verification; performing pre-processing on at least one stored transaction request in response to determining that a preset condition is satisfied, to obtain and store a pre-processed block; and broadcasting the obtained pre-processed block to the second blockchain nodes, causing the second blockchain nodes to perform consensus verification on the obtained pre-processed block.

PATENT: Method and device for processing transaction request in blockchain, electronic apparatus, and storage medium; US 11,334,945 B2; 5/13/2022; CPC 40/04; 13 claims; assigned to Baidu Online Network Technology (Beijing) Co., Ltd.

ABSTRACT: A method and device for processing a transaction request in a blockchain, an apparatus and a medium are provided, which are related to blockchain technology. The method includes: determining at least one transaction request set according to one or more dependency relationships among one or more transaction requests in a blockchain network; and determining a target transaction request set from the at least one transaction request set, to generate a block by performing one or more transaction requests in the target transaction request set. Reasonability of a blockchain node in selecting a transaction request during a block generation process may be improved.

May 10, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Systems and methods for coordinating virtual wallet defaults; US 11,328,287 B2; 5/10/2022; CPC G06Q 20/36; 12 claims; assigned to Mastercard International Incorporated.

ABSTRACT: Systems and methods are provided for use in permitting selection of a virtual wallet default at a communication device by a user associated with the communication device. One exemplary method includes receiving, by a wallet platform, a payload request from a virtual wallet at a communication device where the payload request related to a default virtual wallet for the communication device, and verifying, by the wallet platform, the payload request. The method then also includes, in response to the payload request, identifying, by the wallet platform, the virtual wallet as the default virtual wallet for the communication device, whereby the virtual wallet is identified as the default virtual wallet for subsequent transactions performed via the communication device.

PATENT: System and method for authenticating electronic money using a smart card and a communication terminal; US 11,328,288 B2; 5/10/2022; CPC G06Q 20/363; 15 claims.

ABSTRACT: The present invention provides a system and a method for authenticating an electronic money, wherein the system comprises a smart card and a communication terminal. The smart card takes biometric signature from a user as an input, transmits recognition completion information to the communication terminal when the biometric signature inputted by the user matches the stored biometric signature, receives an update command from the communication terminal, updates the amount of stored balance data, and transmits an update completion message to the communication terminal. The communication terminal is connected to the smart card in a wired or wireless manner, and transmits the update command to the smart card upon receipt of the recognition completion information.

PATENT: Stable cryptocurrency coinage; US 11,328,290 B2; 5/10/2022; CPC G06Q 20/3672; 11 claims; assigned to Inveniam Capital Partners, Inc.

ABSTRACT: A two-coin mechanism for maintaining a stable value of cryptographic coinage traded in a decentralized market exchange without requiring a reserve. A pegged cryptographic token and a variable-priced cryptographic token are both traded in the reserveless decentralized market exchange. The pegged cryptographic token and the variable-priced cryptographic token are value related based on a cryptographic exchange rate. Whenever a market transaction is processed (such as a buy or sell order), at least one of a destruction operation and a creation operation are performed. The destruction operation destroys at least one of the pegged cryptographic token and/or the variable-priced cryptographic token, while the creation operation creates new ones of the pegged cryptographic token and/or the variable-priced cryptographic token. The two-coin mechanism thus implements a decentralized and algorithmic monetary policy that removes and/or deposits cryptographic tokens to/from the reserveless decentralized market exchange to alter supply and to maintain stable coinage values.

PATENT: Systems and methods for use of distributed ledger technology for recording and utilizing credit account transaction information; US 11,328,292 B2; 5/10/2022; CPC G06Q 20/3672; 11 claims; assigned to Capital One Services, LLC.

ABSTRACT: The disclosed technology includes a distributed ledger system that can include one or more transaction blocks that are associated with one or more transaction records of an account corresponding to the primary account number. The system may allocate a first type block in a first distributed ledger, and the first type block may be utilized to identify a classification type associated with the first primary account number. The system may receive, at the first node, a first transaction indication associated with the first primary account number. Responsive to receiving the first transaction indication, the system may bind a first transaction block to the first distributed ledger. Transaction blocks may be configured for selective control and/or selective replicated to other nodes of the system. In response to an end-of-cycle indication, the first transaction block may be locked to prevent further modification.

PATENT: Systems and methods for multi-merchant tokenization; US 11,328,293 B2; 5/10/2022; CPC G06Q 20/38215; 20 claims; assigned to Worldpay, LLC.

ABSTRACT: Systems and methods for multi-merchant tokenization may include receiving a transaction from a point of sale terminal of a merchant, validating the merchant ID against merchant logs, and generating a token for the transaction. The token includes a primary account number, expiration, and a group ID. Additionally, the system provides the primary account number to a payment system and receives a response back. The response is then output back to the merchant along with the token. In subsequent transactions, the system may receive the token from a one point of sale terminal of the merchant. The system validates the merchant ID against merchant logs and ensures the merchant is configured for tokenization. The token is decrypted and the group ID is compared to the merchant ID in the merchant logs. When they match, the primary account number is provided to the payment system for approval.

PATENT: Asset transfer method and apparatus, and electronic device; US 11,328,303 B2; 5/10/2022; CPC G06Q 20/405; 15 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: An asset transfer request to transfer an asset to a blockchain member associated with a blockchain is detected, where the asset is of a specified asset type and is issued by a specified anchor in the blockchain. Whether there is a maximum trusted asset limit configured by the blockchain member for the specified anchor and that corresponds to the specified asset type is determined. If it is determined that the maximum trusted asset limit is not configured, application of the asset transfer request to the asset is prohibited. However, if it is determined that the maximum trusted asset limit is configured, whether the maximum trusted asset limit is exceeded is determined. If it is determined that the maximum trusted asset limit is not exceeded, the asset transfer request is applied to the asset.

PATENT: Rental asset processing for blockchain; US 11,328,347 B2; 5/10/2022; CPC G06Q 30/0645; 15 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of determining, by a first blockchain node, a need for a rental asset unable to be provided by the first blockchain node, requesting use of the rental asset from a second blockchain node controlling the rental asset, reserving, by the second blockchain node, the rental asset, utilizing the rental asset, designating the rental asset as in-use, and in response to the rental asset no longer being in-use. returning control of the rental asset to the second blockchain node.

PATENT: Systems and methods for tokenization and API services; US 11,328,354 B1; 5/10/2022; 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: Systems and methods for controlling an automated electronic networked central clearinghouse for non-fungible digital assets; US 11,328,358 B2; 5/10/2022; CPC G06Q 40/04; 20 claims; assigned to Mythical, Inc.

ABSTRACT: Systems and methods for controlling an automated electronic networked central clearinghouse for clearing and reversing reversible exchanges of digital assets are disclosed. Exemplary implementations may: execute an instance of a game; receive an exchange request that indicates a first user offers a first digital asset for a reversible exchange on a fiat-currency-based online exchange platform; access a decentralized database to obtain asset-specific distribution rights for the first digital asset; generate publication information of the first digital asset for publication on the online exchange platform; receive exchange information regarding the reversible exchange; temporarily transferring the ownership of the first digital asset; determine whether to reverse the reversible exchange, and either (i) transfer the ownership of the first digital asset to the first user, or (ii) clear the reversible exchange by non-temporarily transferring the ownership to the exchanging user, and by distributing benefits in accordance with the asset-specific distribution rights.

PATENT: Systems and methods for automated trading; US 11,328,360 B2; 5/10/2022; CPC G06Q 40/06; 16 claims; assigned to UST Global Inc.

ABSTRACT: A system configured to: (a) retrieve structured and unstructured data from one or more external data sources, the structured data including time-series data on a financial instrument and the unstructured data including words; (b) analyze the unstructured data to determine a sentiment measure for the financial instrument; (c) analyze the structured data to obtain a training dataset; (d) train a neural network model with the training dataset such that the neural network can provide a predicted price of the financial instrument for a future timestamp; and (e) provide a decision for managing the financial instrument based at least in part on the sentiment measure for the financial instrument, the predicted price of the financial instrument, and a current holding of the financial instrument.

May 3, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: System and method for processing and management of transactions using electronic currency; US 11,321,680 B2; 5/3/2022; CPC G06Q 20/0655; 8 claims.

FIELD: The method and system of the present invention relate to the field of communication between devices for conducting financial transactions. More particularly the method and system of the present invention relate to the field of conducting financial transactions using secured processing of transaction data using electronic currency as a medium in a hybrid model of centralized and de-centralized electronic processing.

PATENT: Systems and methods for issuing and tracking digital tokens within distributed network nodes; US 11,321,681 B2; 5/3/2022; CPC G06Q 20/0855; 16 claims; assigned to Northern Trust Corporation.

FIELD: This application relates generally to systems and methods for tracking of payment obligations on a distributed database such as a blockchain, and more specifically generating digital payment tokens associated with payment obligations and updating the digital payment tokens upon the fulfillment of the payment obligations.

PATENT: Tokenized data having split payment instructions for multiple accounts in a chain transaction; US 11,321,683 B2; 5/3/2022; CPC G06Q 20/10; 19 claims; assigned to PayPal, Inc.

ABSTRACT: There are provided systems and methods for tokenized data having split payment instruction for multiple accounts in a chain transaction. A user may provide a payment to a merchant that sells one or more items to the user. In order to sell items, the merchant may utilize a partner service that provides resources for the merchant to sell the items, such as an online marketplace. The partner service may require a payment for each transaction by the merchant using the partner service. Thus, when a payment request is generated to the merchant for items sold to the user, the partner service may attach to the payment request and provide a split payment request for a split payment from the payment request. The payment between the user and merchant may be processed, and a separate transaction may provide the split payment automatically to the partner service from the merchant.

PATENT: Systems and methods for funds transfers via a federated directory; US 11,321,685 B1; 5/3/2022; CPC G06Q 20/102; 19 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A system, method, and apparatus for a funds transfer is provided. A method includes receiving a fund transfer request from a user, the fund transfer request comprising a token regarding a payee and an amount of funds to transfer to the payee, wherein the user and the payee are members of different payment directories; sending the fund transfer request to a federated directory management system, wherein the federated directory management system is communicably and operatively coupled to the payment directories; receiving, by the mobile device, an identification of the payee and the payment directory associated with the payee based on the token from the federated directory management system; displaying a message indicating that the fund transfer has been completed; and performing a mobile device action, wherein the mobile device action depends on contents of the message.

PATENT: Smart card with built-in support provisioning mechanism; US 11,321,730 B2; 5/3/2022; CPC G06Q 20/341; 16 claims; assigned to Bank of America Corporation.

ABSTRACT: Systems and methods for augmenting a dedicated payment instrument to leverage built-in access to real-time support from a central system are provided. Methods may be executed via computer-executable instructions that are stored in a non-transitory memory of the instrument and run on a microprocessor embedded in the instrument. Methods may include receiving a request from a user of the instrument, via one or more sensors, to initiate a support session. The sensors may include a camera, a microphone, and/or a tactile sensor. Methods may include transmitting the request to the central system via a wireless communication element, and receiving, from the central system, support session data. Methods may also include displaying, on a display screen, information based on the support session data.

PATENT: Blockchain smart contract-based data processing; US 11,321,710 B2; 5/3/2022; CPC G06Q 20/3825; 24 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: This disclosure relates to blockchain smart contract-based data processing. In one aspect, a method includes obtaining, by a node in a blockchain network in which a service smart contract is deployed, a service initiation transaction. The service initiation transaction is broadcast to other nodes. While executing the service initiation transaction, the service smart contract is invoked using a blockchain virtual machine that includes a first instruction set comprising a data exchange instruction and processing logic corresponding to the data exchange instruction. The node triggers execution of the processing logic based on the data exchange instruction in the service smart contract using the blockchain virtual machine, thereby performing a data exchange processing operation on data to be processed. A second instruction set of a smart contract compiler includes the data exchange instruction. The service smart contract is compiled using the smart contract compiler and includes the data exchange instruction.

PATENT: Systems and methods for blockchain based identity assurance and risk management; US 11,321,718 B1; 5/3/2022; CPC G06Q 20/4016; 8 claims.

ABSTRACT: The method includes receiving a first identity attribute; determining a corresponding first level of assurance (LOA) based on the first identity attribute and a first attribute history; receiving a second identity attribute; determining a corresponding second LOA based on the second identity attribute and a second attribute history; defining a Self-Sovereign Identity (SSI) based on the first identity attribute, the second identity attribute, the first LOA, and the second LOA; and determining an aggregate LOA based on the SSI.

PATENT: Risk mitigation in an electronic trading system; US 11,321,778 B2; 5/3/2022; CPC G06Q 40/04; 17 claims; assigned to NYSE Group, Inc.

ABSTRACT: An electronic trading system (ETS) implements risk mitigation methods for orders and quotes associated with a market participant on the ETS. The methods determine a measure of risk associated with one or more trading positions. One of the methods globally counts the number of breaches of risk thresholds associated with a trading symbol and market participant across all matching engines on the ETS over a rolling time period, and if this global risk counter exceeds a maximum, disables all further trades by the market participant on the ETS. Another method limits the number of automatic re-enablements that a market participant can request in response to prior breaches of risk thresholds that resulted in disabling any further trading by the market participant on the ETS.

PATENT: Systems and methods for determining an initial margin; US 11,321,782 B2; 5/3/2022; CPC G06Q 40/06; 20 claims; assigned to Intercontinental Exchange Holdings, Inc.

ABSTRACT: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.

PATENT: Method and device for data processing based on blockchain; US 11,321,783 B2; 5/3/2022; CPC G06Q 40/08; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method, a system, and a computer-readable storage medium for blockchain-based data processing are provided. The method comprises: by a node device of a service acceptance platform, receiving service processing application data of a target user; generating a first shared service processing result and a first private service processing result with respect to a target service data processing entity; sending a first transaction to a blockchain for the first transaction to be recorded in a distributed database of the blockchain upon verification of the first transaction by a plurality of node devices associated with the blockchain according to a consensus mechanism; and sending the first private service processing result to the node device of the target service data processing entity, for the node device of the target service data processing entity to generate a second service processing result.

April 26, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Relaxed fraud detection for transactions using virtual transaction cards; US 11,315,106 B2; 4/26/2022; CPC G06Q 20/351; 20 claims; assigned to Capital One Services, LLC.

ABSTRACT EXCERPT: A device may receive an authorization request, associated with a transaction made by a user device as part of a checkout procedure of a website, that includes a virtual transaction card identifier of a virtual transaction card that is being used for the transaction, and a first merchant identifier for a merchant associated with the website.

PATENT: Transaction processing method and apparatus; US 11,315,109 B2; 4/26/2022; CPC G06Q 20/38; 21 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: During operation, a first node coupled to the blockchain sends a transaction confirmation request for a target transaction to a second node, the transaction confirmation request comprising transaction data associated with the target transaction. The first node receives a transaction confirmation response from the second node, the transaction confirmation response comprising a first data block comprising at least an identifier of the second node, first encoded transaction data generated based on a predetermined encoding scheme, and a first confirmation result. The first node generates a second data block comprising at least an identifier of the first node, second encoded transaction data generated based on the predetermined encoding scheme, and a second confirmation result; and in response to determining that each of the first confirmation result and the second confirmation result indicates that the target transaction is confirmed, stores the first data block and the second data block in the blockchain.

PATENT: Private resource discovery and subgroup formation on a blockchain; US 11,315,110 B2; 4/26/2022; CPC G06Q 20/3829; 19 claims; assigned to IBM.

ABSTRACT: An example operation may include one or more of identifying a registered interest associated with a requestor on a blockchain, accessing a smart contract stored on the blockchain, determining a match between the registered interest and blockchain transaction information, determining the requestor associated with the registered interest has access permissions to access the blockchain transaction information based on access control rules, and creating a temporary bilateral smart contract including the requestor, and an owner of the blockchain transaction information, and the temporary bilateral smart contract provides permission for the requester to access the blockchain transaction information.

PATENT: Methods and devices for testing signature verification for blockchain system; US 11,315,111 B2; 4/26/2022; CPC G06Q 20/3829; 17 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Disclosed herein are methods, devices, and apparatuses, including computer programs stored on computer-readable media, for testing signature verification for a blockchain system. One of the methods includes: obtaining a testing configuration from a configuration file, wherein the testing configuration specifies a cryptography algorithm used in the blockchain system, a group of one or more private keys corresponding to the cryptography algorithm, and a predetermined execution result based on the cryptography algorithm and the group of one or more private keys; signing a transaction, by encrypting data representing the transaction based on the cryptography algorithm and the group of one or more private keys, to generate one or more signed transactions; sending the one or more signed transactions to the blockchain system and receiving an execution result from the blockchain system; and determining whether the predetermined execution result is satisfied based on the execution result.

PATENT: Blockchain data processing method, apparatus, device, and system; US 11,315,112 B2; 4/26/2022; CPC G06Q 20/3899; 9 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: Implementations of the present specification disclose a blockchain data processing method, apparatus, device, and system. A request for transitioning a state of a contract stored at a blockchain system is received at a plurality of blockchain nodes of the blockchain system. The request includes signature data of at least one state participant of the contract. The contract is associated with a pre-determined number of participants. The signature data is verified at a blockchain node. The verification is based on at least one public key corresponding to the at least one state participant. A determination is made whether the signature data of the at least one state participant is verified. In response to determining that the signature data of the at least one state participant is verified, a new contract state defined in the request is confirmed. The pre-determined number of participants is pre-determined in the contract.

PATENT: Blockchain-based data processing system, method, computing device and storage medium; US 11,315,115 B2; 4/26/2022; CPC G06Q 20/401; 8 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A blockchain-based data processing system may comprise: a transaction-side blockchain node and a server-side blockchain node on a blockchain network maintaining a blockchain. The transaction-side blockchain node may be configured to: create a transaction data structure based on an Unspent Transaction Output (UTXO) model, consolidate transaction data of a transaction according to the transaction data structure to generate shared transaction data, execute a smart contract of the transaction-side blockchain node to automatically determine a to-be-settled commission amount, update the shared transaction data according to the to-be-settled commission amount, collect the updated shared transaction data according to a preset condition, and send a to-be-settled transaction processing request comprising the updated shared transaction data to the server-side blockchain node. The server-side blockchain node may be configured to: receive the to-be-settled transaction processing request, and calculate a sum of the to-be-settled commission amount in the updated shared transaction data.

PATENT: Implementing a marketplace for risk assessed smart contracts issuers and execution providers in a blockchain; US 11,315,120 B2; 4/26/2022; CPC G06Q 20/4016; 20 claims; assigned to IBM.

ABSTRACT: A system and method for implementing a marketplace for risk assessed smart contracts issuers and execution providers in blockchains in a computer environment are presented. A smart contract, issued by one or more blockchain nodes to a secondary blockchain and accepted by a primary blockchain, may be executed following a risk assessment to recursive call attack vulnerabilities of the smart contract according to a reputation of both the one or more blockchain nodes and the one or more execution nodes.

PATENT: Special purpose systems; US 11,315,178 B1; 4/26/2022; CPC G06Q 40/025; 20 claims; assigned to Coinbase, Inc.

ABSTRACT: A system and method receive a plurality of crypto profiles that include customizable rules for different cryptocurrencies and operating state information that initialize containerized lending applications. The system and method ink the crypto profiles to a matching engine before the containerized lending applications and the matching engine match a plurality of borrower requests for a debt or an equity denominated in a cryptocurrency to lending requests. The system and method collect cryptocurrency payments in response to the use of the debt or the equity by the borrower. Each containerized lending application include executable software, runtime code, system tools, and system libraries that enable the containerized applications to run on two or more computing environments without modification.

PATENT: Blockchain instrument for transferable equity; US 11,315,185 B1; 4/26/2022; CPC G06Q 40/04; 30 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: Automatic execution of subscription-based financial instrument trading strategies in real-time; US 11,315,186 B1; 4/26/2022; CPC G06Q 40/04; 26 claims; assigned to FMR.

ABSTRACT: Methods and apparatuses are described for automatic execution of subscription-based financial instrument trading strategies in real-time. A server receives a request to deploy a trading strategy with trading strategy parameters. The server determines that a trading strategy has already been created for other users based upon the parameters. The server generates a subscription to the trading strategy, which comprises indicators needed to deploy the trading strategy. The server identifies at least one indicator that has already been calculated and calculates any of the indicators that have not already been calculated. The server deploys the trading strategy using the identified and calculated indicators.

April 19, 2022

Total CPC G06Q Subclass (business methods) patents issued: 

Financial industry business method patents reviewed herein:   10

PATENT: Intelligent employment-based blockchain; US 11,308,448 B1; 4/19/2022; CPC G06Q 10/105; 20 claims; assigned to Mass. Mutual Life Insurance Company.

FIELD: This application relates generally to generating and manipulating datasets stored in blockchains.

PATENT: Method and system for multi-account check processing via blockchain; US 11,308,460 B2; 4/19/2022; CPC G06Q 20/042; 6 claims; assigned to Mastercard International Incorporated.

FIELD: The present disclosure relates to the processing of a multi-account check for a payment transaction involving a blockchain, specifically the use of a blockchain to store data related to checks that are drawn on multiple transaction accounts and the processing of a payment transaction funded via such a check.

PATENT: Systems and methods for tracking and transferring ownership of connected devices using blockchain ledgers; US 11,308,461 B2; 4/19/2022; CPC G06Q 20/0655; 23 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT EXCERPT: The disclosed embodiments include computerized systems and methods that generate secured blockchain-based ledger structures that facilitate event-based control of tracked assets. In one embodiment, an apparatus associated with a centralized authority of the secured blockchain-based ledger may detect an occurrence of an event, and may access and decrypt a set of rules hashed into the secured blockchain-based ledger using a confidentially-held master cryptographic key. The apparatus may identify a rule associated with the detected event, and perform one or more operations consistent with the rule and involving at least one of assets tracked within the secured blockchain-based ledger or an owner of a portion of the tracked assets.

PATENT: Secure electronic payment; US 11,308,462 B2; 4/19/2022; CPC G06Q 20/0855; 16 claims; assigned to Clear Token Inc.

ABSTRACT: Secure electronic payment is disclosed as it may be implemented for a point of sale machine such as but not limited to, vending machines/devices, parking devices/facilities, and laundry machines/facilities. An example secure electronic payment system includes a remote payment processor to confirm payment for a transaction at a point of sale device and issue a token to a mobile device for completing the transaction. A wireless interface module at the point of sale device is configured to receive the token from the mobile device for the transaction via a wireless communications protocol. A token processing module at the point of sale device confirms validity of the token. A transaction processing module negotiates the transaction at the point of sale device by actuating the point of sale device.

PATENT: Token service provider for electronic/mobile commerce transactions; US 11,308,483 B2; 4/19/2022; CPC G06Q 20/3674; 20 claims; assigned to PayPal, Inc.

ABSTRACT: In some embodiments, a verification system includes a memory storing a common identifier that identifies a user. The system may also include one or more hardware processors coupled to the memory and configured to read instructions from the memory to perform the steps of: receiving a token associated with a request to complete a transaction with an environment; determining the common identifier associated with the token, the common identifier being associated with an identifier of the merchant, an identifier of the user requesting the transaction, and a funding instrument associated with the user; and determining, based on information associated with the common identifier, whether to approve the transaction.

PATENT: System and method for secure storage of digital currencies and making transactions in a blockchain network; US 11,308,484 B2; 4/19/2022; CPC G06Q 20/3674; 15 claims.

FIELD: The claimed solution relates to a method of making transactions in the blockchain framework using a protected hardware and software complex to ensure secure storage of digital currencies (cryptocurrencies) and control the entire lifecycle of multiple wallets simultaneously to make transactions in the blockchain network.

PATENT: Processing a transaction using electronic tokens; US 11,308,485 B2; 4/19/2022; CPC G06Q 20/3821; 18 claims; assigned to PayPal, Inc.

ABSTRACT: In some embodiments, a method for binding a user's information to a user's account with a payment service provider includes receiving a request to pay for a transaction using the user's account with the payment service provider. The request to pay specifies a funding instrument. Additionally, the payment service provider is a source of the funding instrument, and the transaction is between the user and a merchant application. The method also includes generating a common identifier (ID) corresponding to the funding instrument, and generating a payment token corresponding to the common ID and the funding instrument. The common ID is a non-transactable token associated with the merchant application and the user, and the payment token is a non-transactable token that corresponds to the common ID. The method further includes binding the user's payment service provider account to the payment token and the common ID.

PATENT: Method and system for the secure transfer of entities on a blockchain; US 11,308,486 B2; 4/19/2022; CPC G06Q 20/3829; 23 claims; assigned to nChain Holdings Limited.

FIELD: 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: Secure electronic transaction authorization on tokenized identifiers and location data; US 11,308,521 B2; 4/19/2022; CPC G06Q 30/0268; 20 claims; assigned to Worldplay, LLC.

ABSTRACT: Systems and methods for applying a promotion to a payment transaction originating at a point of sale system of a merchant are described. Transactional information is provided to an acquirer computing system of the merchant. Based on identifying indicia associated with the transactional information, the acquirer computing system determines whether to modify the payment transaction messaging before communicating it along to an issuer computing system.

PATENT: Blockchain instrument for transferable equity; US 11,308,559 B1; 4/19/2022; CPC G06Q 40/04; 30 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.

April 12, 2022

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

Financial industry business method patents reviewed herein:   10

PATENT: Method and system for authenticating a virtual currency instrument; US 11,301,841 B2; 4/12/2022; CPC G06Q 20/3674; 16 claims; assigned to Sony Corporation.

ABSTRACT: Various aspects of a method and system for authentication of a virtual currency instrument for a monetary transaction are disclosed herein. In accordance with an embodiment, the method includes activation of a software module different from a payment application at an electronic device. An authentication of secure information, which is read through the payment application by the software module, is performed at the electronic device. Output of an authentication result occurs at the electronic device based on the authentication from the software module for the monetary transaction.

PATENT: CPK-based digital bank, digital currency, and payment method; US 11,301,842 B2; 4/12/2022; CPC G06Q 20/3674; 3 claims; assigned to JS Bochtec Co., Ltd.

ABSTRACT: Disclosed are a CPK-based digital bank, a digital currency and a payment method. The digital currency is a core component of the digital bank. The digital currency is realized by means of a CPK digital signature, and a payer provides an account authenticity certification, an amount authenticity certification and a fund allocation authenticity certification, thereby effectively preventing crimes inside or outside a bank. The digital currency directly takes an account identifier as an account number. The digital currency can be used in on-line operations, as well as off-line operations, thereby satisfying face-to-face trade requirements between a great number of retail accounts. The CPK digital bank is realized by means of a CPK chip without support of other devices, such that everyone can check the authenticity of the digital currency.

PATENT: System and method for blockchain based document processing; US 11,301,843 B2; 4/12/2022; CPC G06Q 20/3678; 14 claims; assigned to Toshiba TED Kabushiki Kaisha.

ABSTRACT: A system and method for blockchain-based document processing includes a processor, network interface, print engine, scan engine, and a memory storing a blockchain ledger. The blockchain ledger includes time stamped blocks, each block including currency data associated with a digital currency value. The processor generates a block corresponding to a received instruction, a preexisting currency value associated with the received instruction and contract data corresponding to a smart contract associated with the received instruction. The processor updates the blockchain ledger with a generated block and shares an updated blockchain ledger with other networked data devices via the network interface. The processor also receives verification of the updated blockchain ledger from the other networked data devices. The processor executes the smart contract upon receipt of verification.

PATENT: Cryptographic authentication and tokenized transactions; US 11,301,844 B2; 4/12/2022; CPC G06Q 20/38215; 13 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A cryptographic method of performing a tokenised transaction between a payment offering party and a payment accepting party is described. The tokenised transaction is mediated by a transaction scheme. The payment accepting party is provided with a merchant identity and a merchant certificate associated with that identity by the transaction scheme provider. The payment accepting party provides the merchant identity and transaction seed data to the payment offering party. The payment offering party validates the merchant identity and uses the merchant identity and the transaction seed data to generate a cryptogram for the tokenised transaction. The payment offering party provides the cryptogram to the payment accepting party for transmission to the transaction scheme provider for authorisation of the tokenised transaction. A suitable user computing device and merchant computing device for acting as payment offering party and payment accepting party respectively are also described.

PATENT: Cryptoasset custodial system with proof-of-stake blockchain support; US 11,301,845 B2; 4/12/2022; CPC G06Q 20/38215; 15 claims; assigned to Anchor Labs, Inc.

ABSTRACT: Methods and systems for secure storage and retrieval of information, such as private keys, useable to control access to a blockchain, include: receiving, in a cryptoasset custodial system, a request to authorize a staking operation associated with a blockchain, wherein the staking operation is associated with a private key of an asymmetric cryptographic key pair, the private key is usable to control ownership of a cryptoasset recorded in the blockchain, and the private key is securely held in the custodial system; performing, in response to the request, a portion of the proof-of-stake protocol in a hardware security module using logic designed for the protocol, wherein the logic in the hardware security module is configured to authorize the staking operation by digitally signing an associated staking transaction; and sending the digitally signed staking transaction to another computer to effect the staking operation on behalf of the user.

PATENT: System and method for information protection; US 11,301,846 B2; 4/12/2022; CPC G06Q 20/38215; 20 claims; assigned to Advanced New Technologies Co. Ltd.

PREAMBLE CLAIM 1: An information protection system comprising a first blockchain node and one or more second blockchain nodes.

PATENT: Risk mitigation for a cryptoasset custodial system using a hardware security key; US 11,301,849 B2; 4/12/2022; CPC G06Q 20/3829; 20 claims; assigned to Anchor Labs, Inc.

ABSTRACT: An approval request is transmitted for a cryptoasset transaction in accordance with a policy stored in a hardware security module ("HSM"). The policy specifies at least one specific approver required for approval of the cryptoasset transaction. The approval request is transmitted to a computer device associated with the specific approver and is configured to cause the computer device to prompt the specific approver to approve the cryptoasset transaction. A security key is received from a hardware security token associated with the specific approver. The security key indicates an approval of the cryptoasset transaction. A risk analysis module authenticates an identity of the specific approver based on the security key. Responsive to the authenticating of the identity of the specific approver, the HSM signs the cryptoasset transaction using a cryptographic key stored in the HSM.

PATENT: Method and system for transaction authorization via controlled blockchain; US 11,301,856 B2; 4/12/2022; CPC G06Q 20/4016; 16 claims; assigned to Mastercard International Incorporated.

ABSTRACT: A method for processing an electronic payment transaction includes: storing an account profile including a plurality of account numbers; receiving a first authorization request for a payment transaction that includes a first account number of the plurality of account numbers, a first time, and a first location; processing the first payment transaction; receiving a second authorization request for a different transaction including a second primary account number of the plurality of account numbers, a second time, and a second location, where the second account number is associated with a different issuer than the first account number; determining a likelihood of fraud based on the first time and location and the second time and location; and forwarding the second authorization request to the different issuer if the likelihood of fraud is below a threshold, or transmitting an authorization response indicating decline if the likelihood of fraud is above the threshold.

PATENT: Systems and methods for providing tokenized transaction accounts; US 11,301,864 B2; 4/12/2022; CPC G06Q 20/405; 20 claims; assigned to The Toronto-Dominion Bank.

ABSTRACT: The disclosed embodiments include methods and systems for providing tokenized transaction accounts. In one embodiment, a computer-implemented method is provided that may include generating, by one or more processors, a first tokenized transaction account from a first transaction account associated with a first user. The method may also include providing the first tokenized transaction account to a client device associated with the first user for storage in the client device and use in transactions. The method may also include updating the first tokenized transaction account based on one or more conditions and providing the updated first tokenized transaction account to the client device for storage and use in a subsequent transaction.

PATENT: Method for providing united point service using updated status of balance database with blockchain and server using the same; US 11,301,933 B2; 4/12/2022; CPC G06Q 40/04; 7 claims; assigned to Coinplug, Inc.

ABSTRACT: A method of registering a point distributor and an exchange rate for a united point service is provided. The method includes steps of: a system managing server (a) verifying a registration transaction TrxA or a confirmation transaction TrxB if (i) a condition that the TrxA having a public key of a point managing server, and a first XEA, an exchange rate of a point A of a point distributor to the united point, is acquired from a point distributing server, or (ii) a condition that the TrxB having a public key of the point distributing server and a second XEA is acquired from the point managing server, is satisfied; and (b) if the TrxA or the TrxB is valid, (i) recording it on a blockchain database, (ii) initializing a balance database by updating a balance of the point distributor, and (iii) acquiring a transaction ID of the TrxA, the TrxB.

April 5, 2022

Total CPC G06Q Subclass (business methods) patents issued:  163

Financial industry business method patents reviewed herein:   10

PATENT: Mobile wallet account provisioning systems and methods; US 11,295,294 B1; 4/5/2022; CPC G06Q 20/36; 8 claims; assigned to Wells Fargo Bank, N.A.

BACKGROUND: The present disclosure relates generally to the field of systems that use mobile devices to transfer funds. More specifically, the present disclosure relates to systems and methods for enabling individuals to use their electronic devices to transfer funds, purchase products and services. Payments for products and services are often completed using credit cards, debit cards, checks, or cash. At the same time, most people carry some type of mobile handheld electronic device, such as a cellular phone, smart phone, mobile handheld wireless e-mail device, personal digital assistant, portable gaming devices, and so on. Most of these devices tend to have a wireless Internet connection. A person may wish to make payments to merchants or other individuals using these mobile devices. Likewise, a person may wish to transfer funds to other individuals using their mobile devices. Enhanced systems and methods of facilitating such transactions would be desirable.

PATENT: Digital contracts in blockchain environments; US 11,295,296 B2; 4/5/2022; CPC G06Q 20/367; 9 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: Systems and methods for pushing usable objects and third-party provisioning to a mobile wallet; US 11,295,297 B1; 4/5/2022; CPC G06Q 20/3674; 18 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method includes receiving, by a mobile wallet computing system, information relating to a usable object from a party and provisioning, by the mobile wallet computing system, the usable object to a mobile wallet associated with a user. The computer-implemented method further includes receiving, by the mobile wallet computing system, one or more rules relating to the usable object from the party, wherein the one or more rules define an activation condition for the usable object such that when the activation condition is fulfilled the usable object is active in the mobile wallet of the user; determining, by the mobile wallet computing system, whether the activation condition is fulfilled; and in response to the activation condition for the usable object being fulfilled, activating, by the mobile wallet computing system, the usable object in the mobile wallet of the user.

PATENT: Network system and method for transferring cryptocurrencies between a user account and a receiving account; US 11,295,302 B2; 4/5/2022; CPC G06Q 20/3829; 18 claims; assigned to IBM.

ABSTRACT: A user computing device generates a token while the user computing device is in an offline mode and not connected to an external network. The token includes information of an amount of cryptocurrency to be transferred from a user account to a receiving account and information of a first password for enabling the transfer. The token is signed by the user computing device with a private key while in the offline mode and the signed token is stored by the user computing device on a portable device. A receiving device receiving the signed token from the portable user storage device, authenticates a user corresponding to the user account based on the signed token, receives a second password, compares the first and second passwords for enabling the transfer, and transfers the amount of cryptocurrency from the user account to the receiving account based on the information included in the token.

PATENT: Method, apparatus and electronic device for blockchain transactions; US 11,295,303 B2; 4/5/2022; CPC G06Q 20/389; 20 claims; assigned to Advanced New Technologies Co., Ltd.

ABSTRACT: A method comprises: selecting one or more blockchain assets from a remitter's blockchain account according to a transaction amount of a transaction to be remitted from the remitter's blockchain account into a receiver's blockchain account, wherein a total asset amount represented by the selected one or more blockchain assets is not less than the transaction amount, and a commitment of an individual asset amount represented by each of the selected one or more blockchain assets is recorded in a blockchain; generating a commitment of the transaction amount; and submitting to the blockchain the transaction comprising information of the selected one or more blockchain assets and the commitment of the transaction amount, for the selected one or more blockchain assets to be removed from the remitter's blockchain account and one or more blockchain assets corresponding to the commitment of the transaction amount to be added to the receiver's blockchain account.

PATENT: Systems and methods for provisioning cryptographic digital assets for blockchain-secured retail products; US 11,295,318 B2; 4/5/2022; CPC G06Q 30/0185; 17 claims; assigned to Nike, Inc.

ABSTRACT: Presented are cryptographic digital assets for retail products, methods for making/using such cryptographic digital assets, and computing systems for generating, intermingling, and exchanging blockchain-protected products. A method for provisioning cryptographic digital assets associated with retail product transfers includes broadcasting notifications of a future transaction of a retail product, and receiving, over a distributed computing network from the computing devices of multiple users, requests to participate in the transaction. A select number of users is added to a virtual line associated with the retail product transaction; from the virtual line, a first user is selected to receive the retail product and a second user is selected to receive a cryptographic digital asset containing a digital retail product and a unique digital asset code. The cryptographic digital asset is transferred to the second user's digital wallet, and the unique digital asset code is recorded on a record block of a blockchain ledger.

PATENT: System and method for a mobile wallet; US 11,295,333 B1; 4/5/2022; CPC G06Q 30/0215; 16 claims; assigned to Wells Fargo Bank, N.A.

ABSTRACT: A computer-implemented method performed by one or more processors of a mobile wallet computer system is provided. The method comprises providing, by an offer engine of the mobile wallet computer system, an offer to a mobile device of a user. The offer is presented based on a geographic location of the mobile device. The method further comprises generating, by a code generator of the mobile wallet computer system, an offer code for the mobile device of the user for providing to a merchant. The generating including embedding the geographic location of the mobile device into the offer code. The method further comprises sending, by network interface logic of the mobile wallet computer system, the offer code to the mobile device.

PATENT: Nested conditions for blockchain-enforced contracts; US 11,295,359 B1; 4/5/2022; CPC G06Q 30/0215; 16 claims; assigned to Block, Inc.

ABSTRACT: In one embodiment, a method includes receiving one or more selected options for one or more of multiple contract conditions generated based on transaction information associated with a request to create a blockchain-related invoice and generating instructions for a blockchain-enforced contract based on the transaction information and the one or more selected options. The instructions for the blockchain-enforced contract correspond to a first nested contract including a first contract condition required for a transfer of a value and a second nested contract including a second contract condition required for at least a partial reversal of the transfer of the value. The method also includes, in response to receiving an input regarding the second contract condition, cause the instructions for the blockchain-enforced contract to be executed on a blockchain network.

PATENT: Methods, apparatus, and systems for processing data transactions; US 11,295,383 B2; 4/5/2022; CPC G06Q 40/04; 16 claims; assigned to Nasdaq Technology AB.

ABSTRACT: Methods, apparatus, and systems for processing data transactions use a sequencer communicating with a plurality of data processors and provide improved performance and lower latency.

PATENT: Blockchain-based property repair; US 11,295,402 B2; 4/5/2022; CPC G06Q 50/163; 20 claims; assigned to Bank of America Corporation.

ABSTRACT: Aspects of the disclosure relate to a blockchain-based approach for managing repair of physical property items. Any full node computing device in a network, including a physical property management computing platform, may register a physical property item onto a blockchain associated with the physical property item. The computing platform may further register one or more users onto this blockchain so that the registered users can use the physical property item. As one or more users use the physical property item, the computing platform may receive real-time usage information and may notify the owner of the physical property item when the item needs to be repaired or replaced. The computing platform may then execute an event based on a response to this notification.