Systems and methods for distributions by an automated electronic networked central clearinghouse
US10850202B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 31, 2020 |
| Grant date | Dec 1, 2020 |
| Priority date | — |
| Expiry date | Jul 31, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/407
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for controlling distributions by an automated electronic networked central clearinghouse are disclosed. Exemplary implementations may: 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; obtain asset-specific distribution rights for the first digital asset; receive exchange information regarding the reversible exchange with an exchanging user; monitor, during a waiting period, whether any actions taken by the exchanging user determine reversibility of the reversible exchange, or whether the waiting period for reversibility times out; based on a time-out or a determination regarding reversibility, 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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.