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:
Jun. 06, 2023
Filed:
Oct. 15, 2019
Jpmorgan Chase Bank, N.a., New York, NY (US);
Oliver Margolis, London, GB;
Tyrone Lobban, London, GB;
Mark Amlin, Weybridge, GB;
Marc-Antoine Fichet, London, GB;
Andrew Lovell, Bournemouth, GB;
Paul Thomas, London, GB;
Viresh Mor, Weybridge, GB;
John-Paul Antony Crocker, Christchurch, GB;
Christine Moy, New York, NY (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
Systems and methods for distributed ledger-based settlement are disclosed. In one embodiment, a method may include: receiving settlement instructions from a first party providing a commodity and a second party providing cash; matching the settlement instructions; affirming the matched settlement instructions with the parties; a smart contact sending the affirmed settlement instructions to a commodity clearing bank; the smart contract receiving confirmation of a blockage of the commodity from the commodity clearing bank; the smart contact sending the affirmed settlement instructions to a cash clearing bank; the smart contract receiving confirmation of a blockage of the cash from the cash clearing bank; the smart contract executing the exchange of tokens for the commodity for tokens for the cash; and the smart contract writing the tokens for the cash to a wallet for the first party, and writing tokens for the commodity to a wallet for the second party.