Device, System, And Method For Transfer Of Commodities

  • Published: Feb 2, 2017
  • Earliest Priority: Jul 24 2015
  • Family: 5
  • Cited Works: 0
  • Cited by: 0
  • Cites: 6
  • Additional Info: Full text

A device, system, and method transfer commodities using tokens. In a first method performed by a first entity, a request from a second entity is received for tokens associated with a position of a commodity. The first method includes transmitting a further request to transfer the position to the first entity. The first method includes generating the tokens for the second entity corresponding to the position. In a second method performed by the first entity, a first request and a second request are received from a second entity and a third entity, respectively, to transfer tokens from the second entity to a third entity, the tokens representing an ownership position of a commodity by the second entity. The second method includes verifying the ownership position of the tokens by the second entity. The second method includes updating the ownership

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Document History
  • Publication: Feb 2, 2017
  • Application: Jul 22, 2016
    WO US 2016/0043518 W
  • Priority: Jan 27, 2016
    US US 201662287772 P
  • Priority: Jul 24, 2015
    US US 201562196743 P

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