The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 08, 2022
Filed:
Jan. 12, 2018
Jpmorgan Chase Bank, N.a., New York, NY (US);
Christine Moy, New York, NY (US);
Franklin Bi, Astoria, NY (US);
Alex Dockx, London, GB;
David Shulman, Summit, NJ (US);
Vincent Gasbarro, Secane, PA (US);
Paul Martin, Fanwood, NJ (US);
Tyrone Lobban, London, GB;
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed. According to one embodiment, in an information processing apparatus for a depositary entity comprising at least one computer processor, a method for managing asset or obligation-backed virtual receipts on a distributed system may include (1) receiving confirmation of a deposit of an underlying asset, wherein the deposit encumbers the underlying asset; (2) receiving authorization to issue a virtual receipt for the deposited underlying asset; and (3) executing issuance of the virtual receipt by writing the transaction to a distributed ledger.