Invention Grant
- Patent Title: Systems and methods for electronically circulating a conditional electronic currency
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Application No.: US13418176Application Date: 2012-03-12
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Publication No.: US09721261B2Publication Date: 2017-08-01
- Inventor: Bradley Wilkes
- Applicant: Bradley Wilkes
- Applicant Address: US UT Alpine
- Assignee: CapitalWill, LLC
- Current Assignee: CapitalWill, LLC
- Current Assignee Address: US UT Alpine
- Agency: Stoel Rives LLP
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q30/02 ; G06Q20/14 ; G06Q20/40

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 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.
Public/Granted literature
- US20120185395A1 SYSTEMS AND METHODS FOR ELECTRONICALLY CIRCULATING A CONDITIONAL ELECTRONIC CURRENCY Public/Granted day:2012-07-19
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