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. 31, 2026
Filed:
Jun. 23, 2021
Redcritter Corp., Flower Mound, TX (US);
Robert M. Beaty, Flower Mound, TX (US);
Randy M. Whelan, Coppell, TX (US);
Erika D. Lambert, Flower Mound, TX (US);
David R. Jenness, Lantana, TX (US);
James L. Rockett, Jr., Carrollton, TX (US);
RedCritter Corp., Flower Mound, TX (US);
Abstract
A system for off-chain management, distribution and auditing of decentralized cryptocurrency is provided. The system enables an organization to mint off-chain, centrally controlled tokens for internal distribution within the organization. The system allows these tokens to be assigned an underlying value in a cryptocurrency and to be associated with distribution rules and withdrawal rules. When a token is distributed to an employee, it does not guarantee that the employee will receive the underlying value in the cryptocurrency. Instead, the token represents the employee's ability to withdraw up to the assigned underlying value in the cryptocurrency, which the organization can approve, adjust or deny. When the organization approves an employee's withdrawal of a token's underlying value, the system can manage the distribution of the token's underlying value to the employee's cryptocurrency wallet and can provide functionality for tracking, reporting and auditing such transactions.