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Electronic Crypto-Currency Management Method and System

a technology crypto-currency, applied in the field of electronic crypto-currency management methods and systems, can solve the problems of rendering embodiments that are not obvious to a person skilled in the art, and achieve the effects of convenient real-time use, convenient learning, and convenient us

Inactive Publication Date: 2017-02-23
GARMIN INT
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

This patent describes a system and method for using a mobile device to transfer real-time value over various financial networks. The system allows users to convert multiple financial instruments into a virtual cash token which can be easily used by merchants and other parties. The electronic smart-wallet device or application seamlessly integrates accounts, assets, and credentials, applying a standard set of security features and configurable rules to protect the user from loss, theft, and fraud. This user-friendly experience provides a secure and convenient way to manage and use crypto-currencies.

Problems solved by technology

Although numerous patents exist, including those listed above, that presently appear relevant, the present embodiment of the system and method is novel and substantially different in a plurality of elements and methods, thus rendering the embodiments nonobvious to a person skilled in the art.

Method used

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  • Electronic Crypto-Currency Management Method and System
  • Electronic Crypto-Currency Management Method and System
  • Electronic Crypto-Currency Management Method and System

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Embodiment Construction

[0036]Embodiments of the present invention are best understood by reference to the detailed figures and description set forth herein. However, those skilled in the art will readily appreciate that the detailed description given herein with respect to these figures is for explanatory purposes as the invention extends beyond these limited embodiments. For example, it should be appreciated that those skilled in the art will, in light of the teachings of the present invention, recognize a multiplicity of alternate and suitable approaches, depending upon the needs of the particular application, to implement the functionality of any given detail described herein, beyond the particular implementation choices in the following embodiments described and shown. That is, there are numerous modifications and variations of the invention that are too numerous to be listed but that all fit within the scope of the invention. Also, singular words should be read as plural and vice versa and masculine ...

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Abstract

Systems, methods and machines related to conducting a crypto-currency transaction. A method comprises creating a full block chain representing a plurality of past crypto-currency transactions, forwarding the full block chain to a first processing component for use in executing a new crypto-currency transaction, the first processing component forwarding an original local block chain to a second processing component, the second processing component executing the transaction and generating an updated local block chain with details related to the transaction, and forwarding the updated local block chain to the first processing component.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This patent application claims the benefit of U.S. provisional patent application filed Jul. 30, 2015 and assigned Application No. 62 / 198,989, which is incorporated herein in its entirety.FIELD OF THE INVENTION[0002]The present invention relates generally to crypto-currencies. More particularly, the present invention relates to a secure mobile device capable of managing crypto-currency accounts, balances and transactions in addition to normal electronic smart wallet functions.BACKGROUND OF THE INVENTION[0003]The following background information may present examples of specific aspects of the prior art (e.g., without limitation, approaches, facts, or common wisdom) that, while expected to be helpful to further educate the reader as to additional aspects of the prior art, is not to be construed as limiting the present invention, or any embodiments thereof, to anything stated or implied therein or inferred thereupon.[0004]A crypto-currency i...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q20/06G06Q30/02G06Q20/38
CPCG06Q20/065G06Q30/0207G06Q20/382G06F21/316G06F21/36G09C5/00H04L9/3226H04L9/3228H04L9/3231H04L63/083H04L63/0861H04L2209/56H04L2463/082H04W12/06H04W12/67H04W12/68H04L9/0866H04M1/72403
Inventor TUNNELL, DAVIDMORGAN, CHARLES
Owner GARMIN INT
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