SG11201906547XA - Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system - Google Patents

Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system

Info

Publication number
SG11201906547XA
SG11201906547XA SG11201906547XA SG11201906547XA SG11201906547XA SG 11201906547X A SG11201906547X A SG 11201906547XA SG 11201906547X A SG11201906547X A SG 11201906547XA SG 11201906547X A SG11201906547X A SG 11201906547XA SG 11201906547X A SG11201906547X A SG 11201906547XA
Authority
SG
Singapore
Prior art keywords
asset
new york
park avenue
obligation
international
Prior art date
Application number
SG11201906547XA
Inventor
Christine Moy
Franklin Bi
Alex Dockx
David Shulman
Vincent Gasbarro
Paul Martin
Tyrone Lobban
Original Assignee
Jpmorgan Chase Bank Na
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Jpmorgan Chase Bank Na filed Critical Jpmorgan Chase Bank Na
Publication of SG11201906547XA publication Critical patent/SG11201906547XA/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/108—Remote banking, e.g. home banking
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/047—Payment circuits using payment protocols involving electronic receipts
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis

Abstract

INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 19 July 2018 (19.07.2018) WI P0 I PCT omit Ill °nolo Em oimIE (10) International Publication Number WO 2018/132552 Al W O 20 18/ 13 255 2 Al 100 (51) International Patent Classification: G06Q 40/00 (2012.01) (21) International Application Number: PCT/US2018/013289 (22) International Filing Date: 11 January 2018 (11.01.2018) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 62/446,185 13 January 2017 (13.01.2017) US (71) Applicant: JPMORGAN CHASE BANK, N.A. [US/US]; 270 Park Avenue, New York, NY 10017 (US). (72) Inventors: MOY, Christine; 270 Park Avenue, New York, NY 10017 (US). BI, Franklin; 270 Park Avenue, New York, NY 10017 (US). DOCKX, Alex; 270 Park Avenue, New York, NY 10017 (US). SHULMAN, David; 270 Park Avenue, New York, NY 10017 (US). GASBARRO, Vincent; 270 Park Avenue, New York, NY 10017 (US). MARTIN, Paul; 270 Park Avenue, New York, NY 10017 (US). LOBBAN, Tyrone; 270 Park Avenue, New York, NY 10017 (US). (74) Agent: KING, Robert, A. et al.; Bunton and Williams LLP, 2200 Pennsylvania Avenue, NW, Washington, DC 20037 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (54) Title: SYSTEMS AND METHODS FOR MANAGEMENT OF ASSET OR OBLIGATION-BACKED VIRTUAL RECEIPTS = ON A DISTRIBUTED SYSTEM Figure 1 Custodian (135) Asset Originator Depositary Entity Issuing Entity (110) (130) (120) Distributed Ledger (140) Virtual Receipt Holder (150) Potential Virtual Receipt Holder (160) (57) : 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. [Continued on next page] WO 2018/132552 Al MIDEDIM011010EIREEM0M01110011111111111111111111111111111111 (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3))
SG11201906547XA 2017-01-13 2018-01-11 Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system SG11201906547XA (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US201762446185P 2017-01-13 2017-01-13
PCT/US2018/013289 WO2018132552A1 (en) 2017-01-13 2018-01-11 Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system

Publications (1)

Publication Number Publication Date
SG11201906547XA true SG11201906547XA (en) 2019-08-27

Family

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Family Applications (2)

Application Number Title Priority Date Filing Date
SG10202107575VA SG10202107575VA (en) 2017-01-13 2018-01-11 Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system
SG11201906547XA SG11201906547XA (en) 2017-01-13 2018-01-11 Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system

Family Applications Before (1)

Application Number Title Priority Date Filing Date
SG10202107575VA SG10202107575VA (en) 2017-01-13 2018-01-11 Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system

Country Status (5)

Country Link
US (1) US11270272B2 (en)
EP (1) EP3568825A4 (en)
CN (1) CN110582788A (en)
SG (2) SG10202107575VA (en)
WO (1) WO2018132552A1 (en)

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Also Published As

Publication number Publication date
SG10202107575VA (en) 2021-08-30
US20180204190A1 (en) 2018-07-19
CN110582788A (en) 2019-12-17
US11270272B2 (en) 2022-03-08
WO2018132552A1 (en) 2018-07-19
EP3568825A4 (en) 2020-07-08
EP3568825A1 (en) 2019-11-20

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