Systems and methods for secure network transactions
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United States of America Patent
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-
May 12, 2020
Grant Date -
Nov 16, 2017
app pub date -
Jul 28, 2017
filing date -
May 26, 2009
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
Persistent, electronically anchored currency notes (PEAC notes) may be generated by a transaction provider and maintained in a datastore. Each PEAC note may be associated with a respective unique identifier and asset held by a custodian. The transaction provider may provide for assigning ownership of the PEAC notes to various entities and/or transferring ownership therebetween. Ownership transfers may be performed by the transaction provider while maintaining the PEAC notes in the datastore and/or maintaining the asset(s) associated therewith with their respective custodian(s). A PEAC note may be tied to one or more usage conditions, which restrict transfers thereof. The usage conditions may be removed when release conditions are satisfied.
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