Device, System, And Method For Transfer Of Commodities

  • Published: Jan 26, 2017
  • Earliest Priority: Jul 24 2015
  • Family: 5
  • Cited Works: 0
  • Cited by: 3
  • Cites: 0
  • Additional Info: Full text
Abstract

A device, system, and method transfer commodities using tokens. The method performed by a first entity includes receiving from a second entity a request for tokens, the request indicating an unallocated position of a commodity of the second entity, the unallocated position managed by a third entity. The method includes transmitting to the third entity a further request for a transfer of the unallocated position of the second entity to the first entity. The method includes receiving from the third entity an indication of the transfer of the unallocated position from the second entity to the first entity. The method includes generating the tokens for the second entity that correspond to the unallocated position of the second entity of the request. The method includes generating and transmitting data including first data corresponding to the generation of the tokens and second data corresponding to an ownership of the tokens.


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Document History
  • Publication: Jan 26, 2017
  • Application: Jul 22, 2016
    US US 201615217030 A
  • Priority: Jul 22, 2016
    US US 201615217030 A
  • Priority: Jan 27, 2016
    US US 201662287772 P
  • Priority: Jul 24, 2015
    US US 201562196743 P

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