Cryptographically Managing Telecommunications Settlement

  • Published: Mar 16, 2017
  • Earliest Priority: Sep 14 2015
  • Family: 1
  • Cited Works: 0
  • Cited by: 1
  • Cites: 0
  • Additional Info: Full text
Abstract

Described is cryptographically managed telecommunications settlement occurring in real time with generation and termination of a telecommunications channel. Upon the generation of a communications channel, a contract fund is established between two or more telecommunications services and recorded on a cryptographic ledger. Over the course of regular intervals of channel service, cryptocurrency is released from the contract fund. Upon termination of the communications channel, the released amount of the contract fund is transferred to the receiving provider telecommunications, the remainder back to the requesting telecommunications service. Transactions between cryptocurrency wallets are all published to the cryptographic ledger.


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Document History
  • Publication: Mar 16, 2017
  • Application: Sep 14, 2015
    US US 201514853879 A
  • Priority: Sep 14, 2015
    US US 201514853879 A

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