Method for virtual asset transmission
US12073401B2 · kind B2 · utility
Assignees
Inventors
Key dates
| Filing date | Sep 23, 2022 |
| Grant date | Aug 27, 2024 |
| Priority date | — |
| Expiry date | Sep 23, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4014
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Disclosed is a method for use in a virtual asset transmission from a sender having a sending account at a sending virtual asset service provider (sending VASP) to a recipient having a receiving account at a receiving virtual asset service provider (receiving VASP). The method involves sending, to the receiving VASP, a first request for verifying the receiving account of the recipient at the receiving VASP; receiving, from the receiving VASP, a verification result confirming that the receiving account of the recipient at the receiving VASP is valid; subsequently receiving, from the sending VASP, a second request for verifying a blockchain record for a transmission of a virtual asset from the sender to the recipient; upon receipt of the second request, determining if the transmission has been recorded on a blockchain network; and upon determining that the transmission has been recorded on the blockchain network, sending, to the receiving VASP, a third request to update the receiving account of the recipient at the receiving VASP about the transmission of the virtual asset from the sender to the recipient.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.