System and method for issuing, circulating and trading financial instruments with smart features
US11100487B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 30, 2019 |
| Grant date | Aug 24, 2021 |
| Priority date | — |
| Expiry date | Apr 10, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/389
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A first device for conducting a peer-to-peer transaction with a second device is provided. The first device includes a memory and a communication interface. The first device is configured to provide a unique address for a virtual instrument stored in the first device, the unique address indicating an intent of trading status and transferability of the virtual instrument. Based on the intent of trading status and transferability of the virtual instrument, the virtual instrument is transferred over the peer-to-peer communication network to a receiving network address of the second device without involving a remote entity device. Data record of the transfer is created after completion of the transfer, and then communicated to the remote entity device.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.