Systems And Methods For Improving Security In Blockchain-asset Exchange

  • Published: Jun 8, 2017
  • Earliest Priority: Nov 30 2015
  • Family: 9
  • Cited Works: 1
  • Cited by: 0
  • Cites: 4
  • Additional Info: Full text
Abstract

The embodiments described herein comprise hardware and software improvements in blockchain-asset exchange technology, whereby one or more servers automatically, based on a set of predetermined rules, executes a mechanism allowing blockchain-asset exchange customers to place standing-limit or market orders for blockchain-based digital assets (e.g., cryptocurrencies) with a counter-party, but without counter-party risk. The counter-party will not receive the payment until the customer's exchange order has executed, and the customer has taken possession and ownership of the desired asset. The customer cannot reverse payment or otherwise rescind the payment from the counter-party once the customer receives the desired asset. The systems and methods use blockchain databases, multi signature key signing procedures, and a transparent, objective, automated, rules-based software agent t manage and autonomously govern transfer of digital blockchain-based assets in a multi-party exchange scenario, without risk of asset loss and without the discretion of any human actor.


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Document History
  • Publication: Jun 8, 2017
  • Application: Nov 30, 2016
    WO US 2016/0064056 W
  • Priority: Nov 30, 2015
    US US 201562261011 P

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