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Method, apparatus, and computer-readable medium for compliance aware tokenization and control of asset value

A technology of computer networks and tokens, which is applied in computing, secure communication devices, data processing applications, etc., and can solve problems such as impossibility

Pending Publication Date: 2020-05-15
赛可润思公司
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0010] As can be seen, offerings of securities, from private placements to public offerings, have extensive reporting requirements and issuance restrictions.
Securities trading also involves a host of tax issues and transfer restrictions
While blockchain solutions provide assurance of liquidity by facilitating frequent transactions between investors, this assurance cannot be achieved without real-time enforcement of regulatory compliance

Method used

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  • Method, apparatus, and computer-readable medium for compliance aware tokenization and control of asset value
  • Method, apparatus, and computer-readable medium for compliance aware tokenization and control of asset value
  • Method, apparatus, and computer-readable medium for compliance aware tokenization and control of asset value

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Embodiment Construction

[0022] Global-scale compliance needs to be achieved through a self-enforcing, self-reporting financial services infrastructure that is consistent with the real-time distributed nature of cryptocurrencies. Applicants have discovered that the transparency, immutability and decentralization of execution logic provided by distributed ledgers can be exploited to provide the basis for such an infrastructure. These advances provide the means to reduce the cost and wait time of complex securities transactions. With the proper implementation of blockchain ledger-based policy enforcement, there is an opportunity to revolutionize banking and other financial services for the first time since the Medici ledger innovation of the 15th century, which provided liquidity for the revival.

[0023] The applicant has developed an architecture and protocol that allows the utilization and extension of digital rights management (DRM) and attribute-based access control (ABAC) through blockchain smart ...

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PUM

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Abstract

An apparatus, computer-readable medium, and computer-implemented method to facilitate scalable compliance and issuer governance of decentralized financial transactions especially for the trade and transfer of tokenized securities. The resulting Compliance Aware Tokens contain the rulesets to restrict transactions and facilitate regulatory reporting and oversight. The embodied process, includes ofa novel combination of compliance workflows, attribute verification tools, smart contracts and other ledger controls, provides a decentralized Attribute Based Access Control (ABAC) capability. ABAC patterns are extended to govern global financial transactions without the need for an active intermediary.

Description

[0001] relevant application data [0002] This application claims priority to U.S. Provisional Application No. 62 / 563,684, filed September 27, 2017, and U.S. Provisional Application No. 62 / 732,189, filed September 17, 2018, the entire disclosures of which are incorporated herein by reference . technical field [0003] The present application relates to a method, apparatus and computer-readable medium for compliance-aware tokenization and control of asset value. Background technique [0004] Digital currency (sometimes called "digital money," "electronic money," or "electronic money") is money that can be spent in digital form (as opposed to physical things, such as banknotes and coins). Digital currencies can be either centralized, where the money supply is controlled at the center, or decentralized, where the money supply is controlled from multiple sources. For example, a cryptocurrency is a digital asset designed to be used as a medium of exchange, using cryptography to...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/36G06Q20/38G06Q40/04G06Q30/00
CPCG06Q20/3678G06Q20/3821G06Q2220/00G06Q40/04G06Q30/018G06Q20/389G06Q20/405G06Q20/0655H04L9/50G06Q20/40G06Q20/1235
Inventor 乔治·丹尼尔·多尼伊戈尔·叶尔马科夫
Owner 赛可润思公司
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