WO 2015/085393 A1 - System And Method For Rating A Transaction History - The Lens

System And Method For Rating A Transaction History

Published: Jun 18, 2015
Earliest Priority: Dec 13 2013
Family: 2
Cited Works: 0
Cited by: 26
Cites: 2
Additional Info: Full text

Abstract

-30- ABSTRACT OF THE DISCLOSURE Described herein is a rating system for rating a transaction history of a digital currency, comprising: a storage system for storing transaction information of the digital currency; an interface for receiving an identifier of at least one account associated with the digital currency and a request for rating the transaction history of the at least one account; a processor communicative with the storage system and the interface; the processor identifying transactions of the at least one account from the transaction information stored in the storage system and assessing the destination of the identified transactions to generate a rating for the at least one account. The rating system may further assess the amount and age of the identified transactions. The rating system may be useful, for example, for peer-to-peer digital currencies such as Bitcoin. Methods for rating a transaction history of a digital currency and computer readable media for providing the same are also described herein.

Claims

I . A rating system for rating a transaction history of a digital currency, comprising:
a storage system for storing transaction information of the digital currency;
an interface for receiving an identifier of at least one account associated with the digital currency and a request for rating the transaction history of the at least one account;
a processor communicative with the storage system and the interface;
the processor identifying transactions of the at least one account from the transaction information stored in the storage system and assessing the amount, date, and destination of the identified transactions to generate a rating for the at least one account.
The rating system of claim 1, wherein the rating is a numerical score.
The rating system of claim 2, wherein the numerical score is compared to a reference value to normalize the score.
The rating system of claim 3, wherein the reference value is a total, average, mean or modal value characterizing the accumulated transaction information of the digital currency. 5. The rating system of claim 1, wherein the amount is positively correlated with the rating.
The rating system of claim 1, wherein transaction frequency is positively correlated with the rating.
The rating system of claim 1, wherein transaction age is negatively correlated with the rating.
The rating system of claim 1, wherein the number of unique transaction destinations is positively correlated with the rating.
The rating system of claim 1, wherein the number of repeated transactions to the same destination is negatively correlated with the rating.
The rating system of claim 1, wherein the digital currency is a peer-to-peer digital currency.
I I, The rating system of claim 10, wherein the peer-to-peer digital currency is Bitcoin, Litecoin, PPcoin (Peer-to-peer coin), Freicoin, or Namecoin.
The rating system of claim 1, wherein the rating reflects the ability of the account to fulfill a transaction of the digital currency.
The rating system of claim 1, wherein the processor, the interface and the storage system are located within the same computing device.
The rating system of claim 1, wherein the processor, the interface and the storage system are each located on a different computing device.
A computer-implemented method for rating a transaction history of a digital currency, comprising:
storing transaction information of the digital currency in a storage system;
receiving over a network via an interface an identifier of at least one account associated with the digital currency and a request for rating the transaction history of the at least one account; identifying transactions of the at least one account from the transaction information stored in the storage system; and
assessing the amount, date, and destination of the identified transactions to generate a rating for the at least one account.
The method of claim 15, wherein the rating is a numerical score.
The method of claim 16, further comprising comparing the numerical score to a reference value to normalize the score.
The method of claim 17, wherein the reference value is a total, average, mean or modal value characterizing the accumulated transaction information of the digital currency.
The method of claim 15, wherein the amount is positively correlated with the rating. 20. The method of claim 15, wherein transaction frequency is positively correlated with the rating.
The method of claim 15, wherein transaction age is negatively correlated with the rating.
The method of claim 15, wherein the number of unique transaction destinations is positively correlated with the rating.
The method of claim 15, wherein the number of repeated transactions to the same destination is negatively correlated with the rating.
The method of claim 15, wherein the digital currency is a peer-to-peer digital currency.
25, The method of claim 24, wherein the peer-to-peer digital currency is Bitcoin, Litecoin, PPcoin (Peer-to-peer coin), Freicoin, or Namecoin.
The method of claim 15, wherein the rating reflects the ability of the account to fulfill a transaction of the digital currency.
A computer readable medium embodying a computer program for rating a transaction history of a digital currency, comprising:
computer readable code for storing transaction information of the digital currency in a storage system;
computer readable code for receiving over a network via an interface an identifier of at least one account associated with the digital currency and a request for rating the transaction history of the at least one account;
computer readable code for identifying transactions of the at least one account from the transaction information stored in the storage system; and
computer readable code for assessing the amount, date, and destination of the identified transactions to generate a rating for the at least one account.
The computer readable medium of claim 27, wherein the rating is a numerical score. 29. The computer readable medium of claim 28, further comprising computer readable code for comparing the numerical score to a reference value to normalize the score.
The computer readable medium of claim 29, wherein the reference value is a total, average, mean or modal value characterizing the accumulated transaction information of the digital currency.
The computer readable medium of claim 27, wherein the amount is positively correlated with the rating.
The computer readable medium of claim 27, wherein transaction frequency is positively correlated with the rating.
The computer readable medium of claim 27, wherein transaction age is negatively correlated with the rating.
The computer readable medium of claim 27, wherein the number of unique transaction destinations is positively correlated with the rating.
The computer readable medium of claim 27, wherein the number of repeated transactions to the same destination is negatively correlated with the rating.
The computer readable medium of claim 27, wherein the digital currency is a peer-to-peer digital currency.
37, The computer readable medium of claim 36, wherein the peer-to-peer digital currency is Bitcoin, Litecoin, PPcoin (Peer-to-peer coin), Freicoin, or Namecoin.
The computer readable medium of claim 27, wherein the rating reflects the ability of the account to fulfill a transaction of the digital currency.
A rating system for rating a transaction history of a peer-to-peer digital currency, comprising:
a storage system for storing transaction information of the peer-to-peer digital currency;
an interface for receiving an identifier of at least one account associated with the peer-to-peer digital currency and a request for rating the transaction history of the at least one account; a processor communicative with the storage system and the interface;
the processor identifying transactions of the at least one account from the transaction information stored in the storage system and assessing the destination of the identified transactions to generate a rating for the at least one account.
The rating system of claim 39, wherein the rating is a numerical score.
The rating system of claim 40, wherein the numerical score is compared to a reference value to normalize the score.
The rating system of claim 41, wherein the reference value is a total, average, mean or modal value characterizing the accumulated transaction information of the peer-to-peer digital currency.
The rating system of claim 39, wherein the number of unique transaction destinations is positively correlated with the rating.
The rating system of claim 39, wherein the number of repeated transactions to the same destination is negatively correlated with the rating.
A computer-implemented method for rating a transaction history of a peer-to-peer digital currency, comprising:
storing transaction information of the peer-to-peer digital currency in a storage system; receiving over a network via an interface an identifier of at least one account associated with the peer-to-peer digital currency and a request for rating the transaction history of the at least one account;
identifying transactions of the at least one account from the transaction information stored in the storage system; and
assessing the amount, date, and destination of the identified transactions to generate a rating for the at least one account.
The method of claim 45, wherein the rating is a numerical score.
The method of claim 46, further comprising comparing the numerical score to a reference value to normalize the score.
The method of claim 47, wherein the reference value is a total, average, mean or modal value characterizing the accumulated transaction information of the peer-to-peer digital currency.
The method of claim 45, wherein the number of unique transaction destinations is positively correlated with the rating.
The method of claim 45, wherein the number of repeated transactions to the same destination is negatively correlated with the rating.
A computer readable medium embodying a computer program for rating a transaction history of a peer-to-peer digital currency, comprising:
computer readable code for storing transaction information of the peer-to-peer digital currency in a storage system;
computer readable code for receiving over a network via an interface an identifier of at least one account associated with the peer-to peer digital currency and a request for rating the transaction history of the at least one account;
computer readable code for identifying transactions of the at least one account from the transaction information stored in the storage system; and
computer readable code for assessing the amount, date, and destination of the identified transactions to generate a rating for the at least one account.
The computer readable medium of claim 51, wherein the rating is a numerical score.
The computer readable medium of claim 52, further comprising computer readable code for comparing the numerical score to a reference value to normalize the score.
The computer readable medium of claim 53, wherein the reference value is a total, average, mean or modal value characterizing the accumulated transaction information of the peer-to-peer digital currency.
The computer readable medium of claim 51, wherein the number of unique transaction destinations is positively correlated with the rating.
The computer readable medium of claim 51, wherein the number of repeated transactions to the same destination is negatively correlated with the rating.