Efficient, accurate, and secure transfers of externally-custodied digital assets
Pending Publication Date: 2022-06-16
BAKKT MARKETPLACE LLC
View PDF2 Cites 2 Cited by
Summary
Abstract
Description
Claims
Application Information
AI Technical Summary
This helps you quickly interpret patents by identifying the three key elements:
Problems solved by technology
Method used
Benefits of technology
Benefits of technology
[0007]Various embodiments provide additional technical advantages in the use of current and accurate account data for end users involved in a digital asset transfer. When an inbound digital asset transfer is requested by a first end user, account data is retrieved and/or received for each of the first end user and the second end user. As the second end user may respond to the r
Problems solved by technology
As the second end user may respond to the request after some amount of tim
Method used
the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more
Image
Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
Click on the blue label to locate the original text in one second.
Reading with bidirectional positioning of images and text.
Smart Image
Examples
Experimental program
Comparison scheme
Effect test
Embodiment Construction
[0029]Various embodiments of the present disclosure now will be described more fully hereinafter with reference to the accompanying drawings, in which some, but not all embodiments of the present disclosure are shown. Indeed, the present disclosure may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will satisfy applicable legal requirements. The term “or” (also designated as “ / ”) is used herein in both the alternative and conjunctive sense, unless otherwise indicated. The terms “illustrative” and “exemplary” are used to be examples with no indication of quality level. Like numbers refer to like elements throughout.
I. General Overview and Technical Advantages
[0030]Various embodiments of the present disclosure are generally directed to enabling and executing digital asset transfers between two end users each associated with a client device. A first end user m...
the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more
PUM
Login to view more
Abstract
Various embodiments are directed to processing and executing digital asset transfers between two users. An example method includes receiving a data object defining a digital asset transfer, and the data object may be a query from the first user to initiate an outbound transfer to a second user or an approval of a request for digital asset units from the second user. The method further includes receiving account data for the first and second users via application programming interface (API) communication with an external system, and responsive to determining that transfer conditions are satisfied, executing the digital asset transfer by causing the external system to debit digital asset units from the first user and to credit digital asset units to the second user via API communication with the external system. The method further includes updating the account data to reflect account balances resulting from the debit and the credit.
Description
CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application claims the benefit of U.S. Provisional Patent Application Ser. No. 63 / 199,245 filed on Dec. 16, 2020, which is incorporated herein by reference in its entirety, including any figures, tables, drawings, and appendices.TECHNOLOGICAL FIELD[0002]Embodiments of the present disclosure generally relate to transacting, exchanging, transferring, managing, executing transactions for, and / or the like digital assets and fiat currency.BACKGROUND[0003]Various embodiments of the present disclosure address technical challenges related to transferring digital assets between two end users, managing the processing of such transfers and transactions, and improving the efficiency of such processing.BRIEF SUMMARY[0004]In general, embodiments of the present disclosure provide methods, apparatus, systems, computing devices, computing entities, and / or the like for enabling, configuring, processing, and / or executing digital asset transfers between...
Claims
the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more
Application Information
Patent Timeline
Application Date:The date an application was filed.
Publication Date:The date a patent or application was officially published.
First Publication Date:The earliest publication date of a patent with the same application number.
Issue Date:Publication date of the patent grant document.
PCT Entry Date:The Entry date of PCT National Phase.
Estimated Expiry Date:The statutory expiry date of a patent right according to the Patent Law, and it is the longest term of protection that the patent right can achieve without the termination of the patent right due to other reasons(Term extension factor has been taken into account ).
Invalid Date:Actual expiry date is based on effective date or publication date of legal transaction data of invalid patent.
Inventor PETERSEN, CHRISTOPHER MICHAELPITTELKAU, JEFFREY SCOTTLINSTEADT, NIKOLAISREVNES, JOSEPH ARTHURCOOPER, BRIAN DANIELMATTHAU, WILLIAMCABRERA, NICOLAS FREDERICSAGAR, YAMINI BISTESHAGARWAL, UTKARSHKUCHLEIN, TIMLAKSHMANAN, BHARATHBRYANT, WILLIAM ANDREWSAUCIER, STEPHEN PAULKUMAR, DEEPAKJAISWAL, ANILJEON, BYUNGKWONDEVARASETTY, BALAJI
Login to view more 
Login to view more