CRYPTOGRAPHIC TOKEN WITH SEPARATE CIRCULATION GROUPS

A custom cryptographic token and smart contract that is configured to exist in one of two groups and is issued by the same bank or depository institution that also collects corresponding fiat currency deposits. The two groups are a circulation group and a non-circulation group. The non-circulation g...

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Bibliographische Detailangaben
Hauptverfasser: BISHOP, Bryan Allen, LONG, Caitlin Frances, THOMPSON, Charles Daniel, REDDY, Britney Dawn, SHIMKO, Zev Naftali
Format: Patent
Sprache:eng
Schlagworte:
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Beschreibung
Zusammenfassung:A custom cryptographic token and smart contract that is configured to exist in one of two groups and is issued by the same bank or depository institution that also collects corresponding fiat currency deposits. The two groups are a circulation group and a non-circulation group. The non-circulation group is not associated with any given user, but rather an issuing entity. Custom cryptographic tokens residing in the circulation group are associated with a user and are traded according to smart contract protocol.