Blockchain Register for Precious Metal Ownership Transfer

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Solution Overview

Problem

Current systems for storing and trading physical gold and other precious metals face challenges such as security risks, difficulty in verifying quality and quantity, and complexities in transferring ownership and storage locations across countries.

Innovation Solution

A Physical Secure Environment (PSE) system that uses a blockchain-based public register to securely store, verify, and transfer ownership of precious metal units, ensuring quality, quantity, and location verification, and facilitating secure transactions across international borders.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If physical gold is stored in a bank or secure facility, then security and storage are improved, but access and withdrawal become complex and difficult

Engineering Contradiction:

ImprovesecurityVSAvoidaccess

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent creates a digital representation (token) of physical gold that can be transferred and accessed electronically. Instead of physically moving or accessing stored gold, owners receive a digital copy or token that represents their ownership and can be transferred instantly, solving the access complexity while maintaining security through the physical gold's unchanged storage

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent introduces a digital platform and token system as an intermediary between the physical gold storage facility and the owner. This intermediary enables easy access and transfer through digital means without requiring direct physical interaction with the stored gold, thus improving ease of operation while the physical gold remains securely stored

Inventive Principle:

Principle #24Intermediary (Mediator)

2Ease of operation

If physical gold is transported between countries, then ownership transfer is achieved, but security risks and regulatory complexities increase

Engineering Contradiction:

ImprovetransferVSAvoidsecurity risks

Core Design Contradiction:

Ease of operationVSObject-affected harmful factors

Solution Approach 1:

The patent uses digital tokens as copies representing physical gold ownership. These tokens can be transferred electronically across borders instantly without physical movement of gold, eliminating transportation security risks and reducing regulatory complexities associated with physical gold跨境运输

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent replaces the mechanical/physical system of gold transportation with a digital electronic transfer system. Instead of physically moving gold across borders (which involves security risks and regulations), ownership is transferred through digital token transactions, substituting physical mechanics with electronic processes

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

3Reliability

If physical gold is stored in large blocks at facilities, then security is improved, but verification of quality and quantity becomes difficult for individual owners

Engineering Contradiction:

ImprovesecurityVSAvoidverification

Core Design Contradiction:

ReliabilityVSMeasurement precision

Solution Approach 1:

The patent segments the verification process by creating individual digital tokens for specific quantities of gold (e.g., 1 gram, 10 grams). Each token represents a precisely measured portion of the larger physical gold blocks, allowing individual owners to verify their specific quantity through the digital token rather than needing to verify the entire physical block

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent implements a verification system that provides feedback to owners about their gold's quality and quantity. Through the digital platform, owners can receive confirmation of their gold's characteristics and ownership details, enabling verification without direct physical inspection of the large stored blocks

Inventive Principle:

Principle #23Feedback

4Adaptability or versatility

If physical gold is held offshore in foreign countries, then diversification is improved, but access and withdrawal become significantly more difficult

Engineering Contradiction:

ImprovediversificationVSAvoidaccess

Core Design Contradiction:

Adaptability or versatilityVSEase of operation

Solution Approach 1:

The patent creates digital tokens that represent physical gold stored in various foreign locations. Owners can hold diversified gold assets in multiple countries through digital representations, accessing and transferring their diversified portfolio easily through the digital platform without needing to physically access or navigate foreign storage facilities

Inventive Principle:

Principle #26Copying

Data Source

PatentUS20250174050A1Secure Environment Public Register (SEPR)

Publication Date: 2025.05.29 P4 X GRP INC

AI summary

A Secure Environment Public Register (SEPR) provides a method and system that allows precious metals in the shape of bar(s) or units to be certified, specially numbered to provide exact linkage to an owner, allow secure movement of precious metals between secure facilities, and though Blockchain allow secure transfer of ownership between individuals and organizations. The SEPR allows gold and other precious metals to be easily held and traded in commerce with all the advantages of holding precious metals. The SEPR system allows exact audits of the metal bars on hand and avoids over-selling units since each bar is serialized and ownership is documented in a public register.