Device, system, and method for transfer of commodities
US10552904B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 22, 2016 |
| Grant date | Feb 4, 2020 |
| Priority date | — |
| Expiry date | Aug 10, 2038 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A device, system, and method transfer commodities using tokens. The method performed by a first entity includes receiving from a second entity a request for tokens, the request indicating an unallocated position of a commodity of the second entity, the unallocated position managed by a third entity. The method includes transmitting to the third entity a further request for a transfer of the unallocated position of the second entity to the first entity. The method includes receiving from the third entity an indication of the transfer of the unallocated position from the second entity to the first entity. The method includes generating the tokens for the second entity that correspond to the unallocated position of the second entity of the request. The method includes generating and transmitting data including first data corresponding to the generation of the tokens and second data corresponding to an ownership of the tokens.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.