System and method for issuing, circulating and trading financial instruments with smart features
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United States of America Patent
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Feb 20, 2018
Issued Date -
N/A
app pub date -
Aug 27, 2013
filing date -
Oct 18, 2007
priority date (Note) -
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Abstract
A system and method for issuing, circulating and trading financial instruments with smart features is disclosed. In one particular exemplary embodiment, a financial instrument having smart features may comprise a document portion and a token device attached to or embedded in the document portion. The token device may comprise a storage device and a communication interface, wherein the token device is configured to provide a unique address for the financial instrument, the unique address including a device identifier that matches at least in part the document portion and a network address that changes based on a network location of the financial instrument and to communicate securely with an external entity at least to report an identity or a status of the financial instrument.
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