DISTRIBUTED LEDGER LENDING

Methods and processes can include disbursement and/or management of loans or other obligations via a distributed digital ledger system. In embodiments, smart contracts may be instantiated to reflect issued loans and to reflect repayment obligations therefor. In one embodiment, a lending entity loans...

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Bibliographische Detailangaben
Hauptverfasser:	Sigler, Phil, Smith, Ian Michael
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC COMMUNICATION TECHNIQUE ELECTRICITY PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Beschreibung
Zusammenfassung:	Methods and processes can include disbursement and/or management of loans or other obligations via a distributed digital ledger system. In embodiments, smart contracts may be instantiated to reflect issued loans and to reflect repayment obligations therefor. In one embodiment, a lending entity loans money in the form of fiat currency (or other currency type) to a borrower. As the borrower repays the loan, equivalent payments may be made to a digital wallet that is associated with the smart contract, thereby causing the smart contract to evaluate that particular repayment obligation as satisfied.