AU2017100426A4

AU2017100426A4 - New Islamic Banking Sharia Compliant Blockchain Innovation Patent that has no riba, usury or interest component for but not limited to savings, deposit, ethical loans, finance, stock share bond, Private Placement Programs, Digitally discover new mine deposits to franchise & new monetary system using blockchains POS proof of stake/secondary mining mine discovery process of assets and commodities for entities such as but not limited to Governments, treasuries, central banks, banks, financial institutions, monetary funds, judicial entities, profit-sharing blockchain franchise investments PSBFI's.

Info

Publication number: AU2017100426A4
Application number: AU2017100426A
Authority: AU
Inventors: Gary Mcalister; Nina Taylor
Original assignee: Individual
Current assignee: Individual
Priority date: 2017-04-18
Filing date: 2017-04-18
Publication date: 2017-06-15
Anticipated expiration: 2025-04-18

Abstract

This Islamic Banking Sharia Compliant Blockchain Innovation provides new methods for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic deposits and finance with no riba, interest or usury. Banks, financial institutions and monetary funds can earn the interest or usury using a different process which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. This new method is made possible because of the latest technology inside the crypto currency wallet as well as external factors. Customer applies for a loan, bank approves the loan and at the same time the bank acquires bankcoin to the value of the loan. The bank then leverages the bank coin 2x as a number Ix goes to the pay for the bankcoin and the other goes to the borrower. The borrower makes repayments however it is only the principle that he owes as there is no interest or usury. This Islamic Banking Sharia Compliant Blockchain Innovation concerns cryptographic currency for use in the finance industry. More specifically the present invention relates to the provision of cryptographic currency by banking or other such financial institutions for their everyday products such as deposit and term deposit accounts etc. The financial institution then mints/mines the cryptographic currency up to a certain percentage to pay the interest on the account etc. This Islamic Banking Sharia Compliant Blockchain Innovation concerns cryptographic currency/digital mining assets/commodities for use in the stock/share/bond market industry. More specifically the present invention relates to the provision of cryptographic currency/digital mining assets/commodity stock/share/ bond innovation which fundamentally changes how the stocks/shares/bonds are discovered, issued, valuated and rated. This Islamic Banking Sharia Compliant Blockchain Innovation that addresses what the stocks/shares/bonds now known as digital mining assets/commodities look like and how they are bought, sold and traded on a digital mining assets/commodities Blockchain exchange. It affects proof of ownership on the Blockchain, investor returns, earnings to shareholders, settlement speed and company strength etc. This Islamic Banking Sharia Compliant Blockchain innovation is a new stocks/shares/bonds structure using digital mining assets/ commodities which are the actual stocks/shares/bonds in the start ups, businesses, companies and corporations which can then be bought/sold/traded on a new Blockchain shared ledger exchange/ platform. New start-ups and existing businesses/companies/ corporations can transition from their old stocks/shares/bonds structure in the existing stocks/shares/bonds market over to this new innovative digital mining assets/commodities stocks/shares/bonds structure on a new digital mining assets/commodities Blockchain exchange. This Islamic Banking Sharia Compliant Blockchain Innovation makes it possible for investors/stakeholders to acquire principle digital mining asset/commodity in a start-up, business/company/corporation in both the primary and secondary market and let their principle digital mining asset/commodity secondary mine for them on exchange and/or off exchange. This is then a new innovative way for investors/stakeholders who would now be shareholders in this new structure to get a stable return on investment without having to sell their principle stocks/ shares/bonds back into the market place. They can simply sell what their start-up/business/company/ corporation principle digital mining assets/commodities stocks/ shares/bonds secondary mine. This Islamic Banking Sharia Compliant Blockchain Innovation has the potential to completely reshape the Islamic Banking industry and drive huge improvements in market efficiency, settlement, security, regulatory, speed of transfer, ownership CIS, KYC, AML. We will use Bankcoin as our example of the digital mining assets/commodities which has had its principle Bankcoin mined and is now secondary mining a percentage from 1% onwards pa from the total amount in their Bankcoin digital wallet. Example: if you acquire 1000 Bankcoins it will secondary mine up to 10% pa which equals up to 100 newly mined Bankcoins pa. So when an investor/stakeholder acquires 1000 digital mining asset/commodity stocks/shares/bonds in a start up/business/company/corporation from the SharesX exchange for example, they will newly secondary mine 100 digital mining asset/ commodity stocks, shares, bonds per annum for the new shareholder. This Islamic Banking Sharia Compliant Blockchain digital mining asset/commodity stocks/shares/bonds innovation assists with market stability being a fixed price with the option of a floating price above that, transparency as the Blockchain is decentralised, security of ownership as investors/shareholders have full control over their digital mining asset/commodity stocks/shares/bonds both online and offline in their own digital wallet, and minimising tax avoidance by increased transparency and regulatory oversight. This Islamic Banking Sharia Compliant Blockchain Innovation method/ process using crypto currency applies to and for entities, which require an income/revenue producing asset using any form of named/ renamed crypto currency, using any form of blockchain/chain process using the wallet which mints/mines new coin assets. This new method/ process makes it possible for an entity to acquire a (blockchain or any chain dependent) crypto currency asset to earn revenue, mint and mine new assets and currency, produce, acquire income for that entity and or on behalf of another entity. This Islamic Banking Sharia Compliant Blockchain Innovation digital mine discovery innovation actually discovers more digital mines while it uses the blockchain as the rails and a secondary digital mine discovery process to discover secondary digital mines. The 2nd digital mine discovers a 3rd digital mine and then a 4th then 5th which can continue discoveries indefinitely perpetual automatically all from the digital mines discovered before them. Because they are actual digital mines which are discovered they would come under the realestate/property classification. Be it a commercial operation and/or in the wholesale sector and/or retail a portfolio of digital mines traded and/or on sold to the retail sector including being used as but not limited to security, insurance, collateral etc. This Islamic Banking Sharia Compliant Blockchain Innovation sets out a new realestate and/or property blockchain franchise model and has the ability to be exploited under a patent license fee agreement and/or outright bought/sold to specific entities such as but not limited to, governments, Banks, financial institutions, monetary funds, insurance industries on platforms such as but not limited to asset/commodity/stock/bond/share markets and exchanges etc. This Islamic Banking Sharia Compliant Blockchain Innovation is a blockchain digital mine discovery franchise innovation specifically designed and developed for the realestate /property, insurance/ underwriting, security/collateral markets. This is not a crypto currency nor is it an asset/commodity innovation that earns interest. What we have discovered on the blockchain is an actual digital mine we can call the master franchise which can actually discover new digital mines at a pre-determined discovery percentage rate example 1/10th per annum. It is estimated because mine discovery is not an exact science. This Islamic Banking Sharia Compliant Blockchain Innovation is an actual digital mine discovery innovation on the blockchain which by default means it is covered under the realestate banner and in doing so we have worked out through our modelling that it can be an actual franchise. The master franchise is discovered the moment we find it and from there subsequent franchises with the same ability are discovered and then allocated and considered as per this patent as franchisees/sub franchises off the master franchise as well as off the sub franchisees themselves.. Because this Islamic Banking Sharia Compliant Blockchain Innovation is an actual digital mine on the blockchain with a secondary, third, fourth, fifth unlimited and continuous digital mine discovery ability and features, discovery capabilities which then has the ability to discover a third digital mine off the second discovered franchise digital mine which then has the ability to discover fourth digital mine off the third discovered digital mines and so on and so forth. Also from the second digital mine discovery onwards we have the ability to go to an actual asset/commodity which would end the File Settings Help ftoveriew(Mjsendcoins Receivecoins Trnados dresoo tasc Blockxplorer Export PayTo: B -5 zMF516PrX5AhdQMVqcuuSTBq29of Label: Bank-inandal-InstO01 Amount: 100 .00000000 AI Balan: 1000151. 1410678BAK 4send

Description

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New Islamic Banking Sharia Compliant Blockchain Innovation Patent that has no riba, usury or interest component for but not limited to savings, deposit, ethical loans, finance, stock share bond. Private Placement Programs, Digitally discover new mine deposits to franchise & new monetary system using blockchains POS proof of stake/secondary mining mine discovery process of assets and commodities for entities such as but not limited to Governments, treasuries, central banks, banks, financial institutions, monetary funds, judicial entities, real estates, properties commercial, industrial, domestic, foreign, stock, bond and share markets, insurance captive underwriting institutions, public, private, wholesale, retail and service sectors, profit-sharing blockchain franchise investments PSBFI's and those who want to be a part of the first sharia compliant blockchain innovation.

Page I 1

Claims

--------------------------Begin claim 1----------------------- Claim 1. Islamic Banking sharia-compliant finance innovation on/using the Blockchain applied but not limited to: eliminate replace interest from the Savings and Deposits and transition to using this Islamic banking innovation revenue earnings returns shared model. New Islamic bank banking blockchain sharia-compliant finance innovation for Banks, financial institutions & monetary fund's using digital currency, Digital asset/commodity, crypto currency for savings, deposit taking, trust, escrow, to remit, intermediary, safekeeping. Digital Commodity Bankcoin mines/mints earnings revenue, mines/mints transaction fees, proof of stake, pos, secondary mining/minting on the blockchain protocol/process. Banking and financial entities can now use digital currency, Digital asset/commodity, and crypto currency as savings, deposits and term deposits for their clients and customers. Currently banks and financial institutions take money over the counter to open these accounts and then find the money used to pay the interest and associated costs on these accounts; take from Peter to pay Paul and or create it out of thin air this is not sharia-compliant. This new method gives banks and financial institutions the ability to eliminate those non sharia-compliant components, costs and exploit the savings, earnings revenue and fees therefore increase profits. Banks and financial institutions can now enter the crypto currency market using their clients and customers funds in the below methods and Bankcoin which is a crypto currency that banks and financial institutions can acquire to reproduce and perform the following. Bankcoin will be used as an example however this new method will apply to all crypto currencies be they classed as but not limited to an asset, commodity, collateral, stock, property, currency meaning all those using a blockchain, any chain and associated with digital crypto currency with POS proof of stake/a secondary mining operation off the first/previous coin mined/minted. A further fundamental innovative step is in the current system deposits are seen as liabilities because for example a 10 year term deposit/CDO certificate of deposit can be called in early by the customer even though the customer has to pay a penalty it is only minimal compared to the amount of loans the bank has written typed in and leant out against it, this Islamic banking innovation takes that to a whole new level by showing that the customer deposit is 100% backed reserved by in this example Bankcoin on the blockchain which means even when the customer calls in the deposit early it makes no difference to the health and security of the bank as it has the deposit backed and can continue to mine mint new Bankcoin's for itself. What this means in reality and practise this Islamic Banking innovation has turned what was once a liability on the banks' balance sheet is now an asset the same as the loan finance side of the ledgers.. This is a huge advancement in banking both sides of the balance sheet are assets in the positive if a deposit defaults is called early before the term is up the bank is fine it has the digital asset commodity to hold it up if a loan defaults it has its collateral to hold it up. If you look at claim two it works similar to this as well since they are principle only loans and finance they are backed up twice once by the collateral security on the loan and Bankcoin because the bank needs to earn revenue return for making the loan as that's where the banks' profits will now be. Example I walk into a bank that has this New Islamic bank banking blockchain sharia-compliant finance innovation and ask for an Islamic Bankcoin Savings Term Deposit 12 month that pays 4% pa shared earning revenue, I pass over the counter $13000.00 the Bank takes the $13000.00 and buys 10 Bankcoin's as each one would be worth $1300. It then allocates the Bankcoin to those customers Bankcoin Term Deposit Account. This could be done in a ledger where the Bank actually holds an amount of Bankcoin's and therefore just makes an entry or it could actually be sent via the Bankcoin network to the allocated designated customers account within the Bank. The Bank or financial institution can determine if customers or clients have access to the Bankcoin's or not. The bank then uses the Bankcoin that it has for fractional reserve leverage 3x 5x whatever the rules are for that specific Bank or financial institution. The Bankcoin's are then Minting/mining/POS proof of stake up to a certain percentage pa the more the transactions throughout the network the better it mints/mines/pos proof of stake When a bank or financial institution uses example crypto currency Bankcoin for its savings, deposit and term deposit accounts as a new method it will have the following advantages that its current system does not have. Crypto currency Bankcoin is a decentralised financial instrument on its own decentralised blockchain and has the following benefits specifically designed for Islamic banks and financial institutions. Bankcoin crypto currency has the ability to mint/mine to earn earnings revenue 1% onwards throughout the Bankcoin network by leaving the secured Bankcoin wallet open and having a positive Bankcoin balance, the advantage to the banks and financial institutions is they do not need to find that earnings revenue payment from somewhere else to pay to the savings, deposit or term deposit client customer. It is built into the code of crypto currency Bankcoin and can be exploited by the banks and financial institutions when used in this way. Bankcoin crypto currency has the ability to mine/mint the transaction fees throughout the Bankcoin network by leaving the secured Bankcoin wallet open and having a positive Bankcoin balance, the advantage to the banks and financial institutions is they do not need to find the transaction fees from somewhere else to contribute to the savings, deposit or term deposit client customer. It is built into the code of crypto currency Bankcoin and can be exploited by the banks and financial institutions when used in this way. Bankcoin has proof of stake (POS) feature where banks and financial institutions can see transactions come through. This is a fraud prevention mechanism which is built into the code therefore banks and financial institutions do not have to set up separate departments to deal with the fraud and security. The Bankcoin digital wallet has built into it a block explorer so banks and financial institutions can verify where their customers and clients transactions are coming from and going to for accounting purposes and security. No Risk because the banks and financial institutions would have ownership of the actual crypto currency Bankcoin. A lease option of the crypto currency may also be available. This is a way Banks and financial institutions can enter the Crypto currency market and benefit from the many advantages it has to offer without any cost or risk to them. No cost because they are using the customers money to purchase the Bankcoin's and the Minting/mining/POS up to a certain percentage pa actually would make them a profit. The price of the crypto currency would be determined by such entities as the Bankcoin Reserve which would have insurance capabilities to cover customers Bankcoin accounts similar to the FDIC. This Bankcoin Crypto currency actually creates its own digits this is a cryptographic process throughout the Bankcoin Crypto currency network and this method when used by banks and financial institutions can be exploited. Al Ajr using this Islamic Banking blockchain sharia-compliant finance innovation: Refers to commission, fees or wages charged for services. Islamic Banking blockchain Amana/Amanah using this Islamic Banking blockchain sharia-compliant finance innovation: Lit: reliability, trustworthiness, loyalty, honesty. Technically, an important value of Islamic society in mutual dealings. It refers to deposits in trust. A person can hold a property in trust for another, sometimes by express contract and sometimes by implication of a contract. Amanah entails absence of liability for loss except in breach of duty. Current Accounts are regarded as Amanah (trust). If the bank gets authority to use Current Accounts funds in his business, Amanah transforms into a loan. As every loan has to be repaid, banks are liable to repay full amount of the Current Accounts. Islamic Banking blockchain Bai Al-Arboon using this Islamic Banking blockchain sharia-compliant finance innovation: A sale agreement in which a security deposit is given in advance as a partial payment towards the price of the commodity purchased. This deposit is fortified if the buyer failed to meet his obligation. Islamic Banking blockchain Fatwah using this Islamic Banking blockchain sharia-compliant finance innovation: A religious decree. Islamic Banking blockchain Fiqh using this Islamic Banking blockchain sharia-compliant finance innovation.: Islamic jurisprudence. The science of the Shariah. It is an important source of Islamic economics. Hajj using this Islamic Banking blockchain sharia-compliant finance innovation: Hajj means pilgrimage to Mecca and other holy places. Hajj, the fifth pillar of Islam will know of this innovation. Haram is a term not required using this Islamic Banking blockchain sharia-compliant finance innovation: Unlawful. Islamic Banking blockchain Rab-al-maal using this Islamic Banking blockchain sharia-compliant finance innovation: In a mudaraba contract the person who invests the capital. Riba is completely removed and not necessary using this Islamic Banking blockchain sharia-compliant finance innovation: One of the three fundamentals prohibitions in Islamic finance (the other two being Gharar and Maysir). This term literally means an increase or addition. Technically it denotes any increase or advantage obtained by the lender as a condition of the loan. Any risk- free or "guaranteed" rate of return on a loan or investment is riba. Riba, in all forms, is prohibited in Islam. Sharia compliance is fully met using this Islamic Banking blockchain sharia-compliant finance innovation: Islamic law as revealed in the Quran and through the example of Prophet Muhammad. A Sharia compliant product meets the requirements of Islamic law. Sharia Board is the committee of Islamic scholars available to an Islamic financial institution for guidance and supervision in the development of Sharia compliant products. Islamic Banking blockchain Tawarruq using this Islamic Banking blockchain sharia-compliant finance innovation: Reversed murabaha. Wadiah using this Islamic Banking blockchain sharia-compliant finance innovation: Islamic safekeeping deposit device, in which the bank is deemed as a keeper and trustee of funds. Islamic banking (Arabic: -y using this innovation in banking and or banking finance activity that is consistent with the principles of sharia (Islamic law) and its practical application through the development of Islamic economics and takes it to the next level where we can use it to address all those without birth certificates, papers, bank accounts meaning the unbanked as they now have a fully compliant banking and finance products and processes to enter and engage with. As such, a more correct term for Islamic banking is sharia-compliant finance. Sharia prohibits acceptance of specific interest or fees for loans of money (known as riba, or usury), whether the payment is fixed or floating. Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam ("sinful and prohibited"). This innovation addresses all these issues in the current banking and financial sectors and brings them into the 21st century via the blockchain, no interest, no usury, no riba this is replaced with genuine earnings revenue. An excess or increase is not a part of this innovation as depositors and savers are partners with the banks financial institutions and monetary fund's using this innovation under patent license. Technically, it means an increase over principal in a loan transaction or in exchange for a commodity accrued to the owner (lender) without giving an equivalent counter-value or recompense (*iwad) in return to the other party; every increase which is without an 'iwad or equal counter value. Claim 1 -- Fig 1 - Savings & Deposit - Image 1 - Inventor Gary McAlister When a bank, financial institution and or monetary fund uses this Islamic Banking sharia-compliant innovation on the blockchain with crypto currency, digital asset, digital commodity example Bankcoin for its but not limited to: savings, deposit and term deposit accounts as a new model method it will have the following advantages that its current system does not have, crypto currency, digital asset, digital commodity example Bankcoin is a decentralised financial product and instrument in its own right on its own decentralised blockchain and has the following benefits specifically designed such as POS proof of stake, secondary mining, revenue earnings shared incorporated built in for but not limited to: banks and financial institutions and or monetary funds. Bankcoin crypto currency, digital asset, digital commodity has the ability to mint new Bankcoin's on the blockchain at a per annum rate starting at as a number 1% upwards throughout the Bankcoin network by leaving the secured Bankcoin wallet open and having a positive Bankcoin balance, the advantage to the banks and financial institutions is they do not need to find that interest, riba, usury payment from somewhere else to pay to the savings, deposit or term deposit client customer. It is built into the code of crypto currency Bankcoin and can be exploited by the banks and financial institutions when used in this way it is the beginning of a whole new market for those wanting to enter the Islamic banking sector and provide this the only product in the world to the entire market. As you can see in the image because there is already has a principle primary Bankcoin Balance the wallet is able to discover on the blockchain mint mine new Bankcoin's at a rate of up to in Bankcoin's case 10% per annum. Islamic banks and institutions could show their Bankcoin wallet on a big screen to their new savings and deposit customers who are specifically by sharia law looking for a deposit product that is in full compliance with the law this way they can know exactly how their revenue earnings have been made and can feel comfortable in knowing that they have broken no laws and are held to the highest account. As you can see the bank mined minted on the blockchain 1.5957086 Bankcoin's and because Bankcoin has a Valuation of US$1300.00 per Bankcoin by the Bankcoin Reserve you know that the Bank has earned by discovering it US$2074.42118 which it shares with the customer/customer base at an agreed percentage that is fair to both parties. Since we know the discovery rate of Bankcoin is 10% per annum the bank may share Ά to client customer Ά to the bank. Meaning: US$1037.21059 between them. This is the product and process the Islamic world has been looking for centuries a genuine product that can undergo any amount of scrutiny and fully comply with the moral and ethical foundation of non riba profit share, revenue earnings Sharia law principles. There is some risk as to be expected with a digital mining operation as digital blockchain mining is not an exact science therefore the revenue earnings return will fluctuate up to the 10% per annum rate. Maybe 9.2% at the end of the year however these revenue earnings returns are mined and minted by the minute, hour, day week all depending on how much is in the depositor client's account and the value of the term deposit in fiat meaning if the Bank acquired 3650 Bankcoin's then it is fair to say it would mint mine approximately 1 Bankcoin per day as you can see the numbers in the image. Claim 1 - Fig 2 - Savings & Deposit - Image 2 - Inventor Gary McAlister Bankcoin crypto currency has the ability to also mine the transaction fees throughout the entire Bankcoin blockchain network by leaving the secured Bankcoin wallet open and having a positive Bankcoin balance, the advantage to the banks and financial institutions is they can capture transaction fees from external transactions being made by external users which can contribute to the savings, deposit or term deposit client customer. It is built into the code of crypto currency Bankcoin blockchain and can be exploited by the Islamic banks and financial institutions when used in this way. Claim 1 - Fig 3 - Savings & Deposit - Image 3 - Inventor Gary McAlister Bankcoin has proof of stake (POS) feature where banks and financial institutions can see transactions come through the blockchain network and make sure that it is legitimate and not fraudulent and it is also a secondary mining feature of the Bankcoin POS proof of stake product process which replaces interest, usury riba to earning, revenue returns. This is a fraud prevention mechanism which is built into the code therefore banks and financial institutions do not have to set up separate departments to deal with fraud and security. 10% per annum directly related to your Bankcoin account balance and per your fiat deposit and savings made. Claim 1 - Fig 4 - Savings & Deposit - Image 4 - Inventor Gary McAlister The Bankcoin digital wallet has built into it a block explorer so banks and financial institutions can verify where their customers and clients transactions are coming from and going to for accounting auditing purposes and security. This is required in Islamic banking as there needs to be proof that the transactions throughout the network are sharia compliant and the customer client can see that it is true. Claim 1 - Fig 5 - Savings & Deposit - Image 5 - Inventor Gary McAlister No Risk to the Islamic banks and financial institutions because they would have ownership of the actual crypto currency Bankcoin. A lease option of the crypto currency may also be available. Claim 1 - Fig 6 - Savings & Deposit - Image 6 - Inventor Gary McAlister This is a way Islamic Banks and financial institutions can enter the Crypto currency market and benefit from the many advantages this innovation has to offer without any cost or risk to them. No cost because they are using the customer's money to purchase the Bankcoin's and the Minting/mining/POS proof of stake through the blockchain up to a certain percentage pa actually would make them a profit. There is also a statistics section inside the Bankcoin wallet. Claim 1 - Fig 7 - Savings & Deposit - Image 7 - Inventor Gary McAlister The price of the crypto currency is determined by such entities as the Bankcoin Reserve which would have insurance capabilities to cover customers Bankcoin accounts similar to the FDIC. Claim 1 - Fig 8 - Savings & Deposit - Image 8 - Inventor Gary McAlister The Bankcoin Reserve valuates and Rates all Crypto currency, digital asset/commodities that are used with this innovation. The reason being the price the Bankcoin Reserve sets per month for digital commodity Bankcoin is done by a special formula which is the ceiling price of gold in that month becomes the floor price of Bankcoin for the following month, This is a critical component in Islamic banking and sharia law as it is pegging old money gold to new money Bankcoin which by default eliminates interest, riba, usury. This protects the Bankcoin holder from market manipulation and volatility so that they can get on with business and have certainty for the forthcoming months' worth of business. This way they are able to make sustainable projections on where their business can grow and make solid employment decisions as they know that Bankcoin can never go down in price it can only go up as per the gold market per ounce price. The Bankcoin Reserve is a price taker directly from the gold market it is not a price setter. This Bankcoin Crypto currency actually discovers its own Bankcoin's in a mining process this is a cryptographic process throughout the Bankcoin Crypto currency blockchain network and can be exploited by Islamic banks and financial institutions via this new method innovation of using the newly minted mined Bankcoin and mining of the network transaction fees to cover the costs of the savings and term deposit and what is left over would be clear profit. These also add to the balance of the wallet as each amount of a Bankcoin that comes in increases the wallets ability to mint and mine more Bankcoin's.

1. The image shows the digital vault/safe that the master franchise discovery is securely held in.

1, Bankcoin Reserve - This reserve evaluates the gold market and sets the price accordingly. The formula is the ceiling of the gold oz. price is the floor of the Bankcoin value meaning it can never go below its current traded value. This is monitored now monthly. Bankcoin Reserve also acts as an insurer for the Bankcoin's between Bankcoin holders and the Bank to guarantee delivery of the Bankcoin's and the mint/mine of Bankcoin's.

2. This image shows that the digital wallet is physical, tangible property which can be held in your hand and most of all, full ownership of the digital mine/s can be delivered either digitally by sending a digital mine and/or portfolio of digital mines via the blockchain or physically in the mail/freight or both, meaning some via the blockchain and the balance via the post/freight.

2, Bankcoin wallets maybe installed at the bank so they have possession/ownership of the Bankcoin assets they acquire.

3, Term deposit is requested by Customer

4, Bankcoin request is sent to Bankcoin Reserve

5, Bankcoin Reserve facilitates trade between Bankcoin holder and bank

6, Bankcoin holder fiat account is created by bank for funds from the bank to the Bankcoin holder

7, Bankcoin's are transferred from Bankcoin holder to Bank wallet

8, Bankcoin holder funds are cleared

9, When term deposit ends Bankcoin's keep minting and mining new Bankcoin's for the Bank these would now be seen as the Banks reserves therefore instead of requiring a Bank to increase its capital reserve position which costs the Banks money it makes more financial and economic sense to use the Bankcoin reserves to also transition out of the having to hold fiat as reserves as it is a cost loss and expensive and use Bankcoin instead which continue to grow, earn and provide the bank with a positive income earnings and returns sustainably and indefinitely depending on contract with the BCR Bankcoin Reserve. Advantages to banks using this new Islamic banking innovation new method process. 1, it is a blockchain asset commodity that brings 10% revenue to the table 2, that's 4% the banks do not have to find from the loan finance side don't have to find from somewhere else to satisfy the term deposit

3, It provides you with 6% free and clear as it mints up to 10% You could even increase the term deposit % to attract even more Islamic savings and deposit business.

4, It is a new product so you can promote and advertise it

5, It will attract new Islamic business especially the sophisticated and younger market being crypto currency

6, It will continue to mint for the bank after the term deposit has ended.

7, The first genuine sharia compliant banking product that has no riba, interest or usury. 8, this attracts an entirely new market namely Islamic and ethical banking professionals

9, Cost the bank nothing to acquire Bankcoin's as it is acquired with the customers term deposit funds.

10, Has a low minimum of 10 Bankcoin's to start $13k which is pretty much the minimum term deposit amount. You will need to pay and cover the cost of training your team; we can do this overSkype video training sessions.

11, The Bankcoin Reserve covers/insures the amount mined & minted 10% and updates the price monthly to reflect the market price for the previous month. This can also be front loaded. If you have any questions or want to acquire Bankcoin's and get started simply let us know support@bankcoinreserve.com Why Bankcoin's new Islamic savings and deposit innovation on the blockchain product/process/method matters to Banks. Banks are losing market share and therefore profits to digital innovators every day. The current banking system is slow to adapt so innovators being innovators quickly innovate their way around them as we have seen in Bitcoin and neobanks therefore existing Banks need to be at the front of this or they will automatically be left behind. Shareholders know and understand this why CEO's and CFO's do not is a shame. Bankcoin takes a different approach and believes that its new product can quickly allow banks to adapt this plug and play process. You can look at the Bankcoin product as a future proof step for Banks and when you are talking about billions of dollars and new markets for these banks Bankcoin matters a lot. We have had a centralised banking system for just over 100 years and I am sure we will have it for another 100. Where Bankcoin comes in is it slightly changes the model it does not replace it just changes it byway of the interest usury component this is where the innovation is. As it stands the interest usury component is on those that borrow which by default a percentage goes to those that save deposit. We have created a new innovative product using Bankcoin and the blockchain to where the bank still makes its interest but in a more socially acceptable ethical sharia compliant way. So can both digital and fiat work together the answer is absolutely they can now we just need to constantly update our banking products processes and procedures to stay relevant in the market place or be replaced by those that will. It is unreasonable to expect the market not to shift to a better system because you don't think or in the case of Bankcoin being so new that you don't know about it which is why I am here once again explaining it in the hope that more of those in the banking sector will see it. So the process is pretty simple for banks to implement the new product. In Australia it is classed as an asset so its security or collateral, Lets work with Term deposits because it's fixed rate, fixed term and fixed amount just for simplicity. Bank promotes/markets Bankcoin Term deposits, ethical profit share term deposits which will cater to the Islamic banking sector and obviously those wanting ethical banking products as there are no interest/usury in this new product. Our young people want to be in crypto currency but it has to make sense and be of direct benefit to them which Bankcoin is. Customer comes in and says I would like a Bankcoin Term deposit please 130k 12 months currently at 4% return on my money. Bank says absolutely it's our new product and we are very excited about it, may I ask how you heard about it? TV ads ok thank you, you would do your typical extraction of information here for your marketing department. So customer hands over or transfers 130k from his bank to your bank and you will then open up his Bankcoin term deposit and the customer says thank you very much. At no point is the customer directly connected to the coin it is an allocation from the banks main Bankcoin wallet, ledger entry. Now this is where you need to focus you have the customers 130k the banks will then leverage it here in Australia 3x-5x leverage so that 130k becomes let's keep it simple 390k. The bank purchases 130k of Bankcoin loans out the other 270k by way of its current system charging interest etc. this is what pays the 2% or whatever it is from the discount window. Let me be clear here the 130k stays true because it is now new money there is no cost or interest related to this 130k it is free and clear of the current system and it is not based on debt. It is simply a trade transfer from Bankcoin to/forfiat. What the Bankcoin mints simply gets converted to fiat this way Bankcoin always stays true. The 130k buys 100 Bankcoin's as it is an asset and since it is an asset it can be leveraged again 3x another 390k to be leant out against it. This is a huge advantage in of itself however there is more. The bank takes possession of the Bankcoin's to secure its position 100% not 3 not 5 not 10,100 and those customers that are in this new product know that its real it's not some gimmick to get their money. You can even show them its minting new coin and mining the transaction fees education is key here to be open and transparent. This Islamic Banking Sharia Compliant Blockchain Innovation provides new methods for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic deposits and finance with no riba, interest or usury. Banks, financial institutions and monetary funds can earn the interest or usury using a different process which is an internal crypto currency block chain dependent process the minting of new coin and mining of transaction fees. This new method is made possible because of the latest technology inside the crypto currency wallet as well as external factors. Customer applies for a loan, bank approves the loan and at the same time the bank acquires Bankcoin to the value of the loan. The bank then leverages the bank coin 2x as a number lx goes to the pay for the Bankcoin and the other goes to the borrower. The borrower makes repayments however it is only the principle that he owes as there is no interest or usury. This Islamic Banking Sharia Compliant Blockchain Innovation concerns cryptographic currency for use in the finance industry. More specifically the present invention relates to the provision of cryptographic currency by banking or other such financial institutions for their everyday products such as deposit and term deposit accounts etc. The financial institution then mints/mines the cryptographic currency up to a certain percentage to pay the interest on the account etc. --------------------------End c|aim 1----------------------- --------------------------Begin claim 2----------------------- Claim 2. Islamic Banking sharia-compliant finance innovation on/using the Blockchain applied but not limited to: eliminate interest, riba, usury from the Loan and Finance equation and transition to using this Islamic banking innovation to a revenue earnings returns shared model principle only loan and finance New Blockchain Islamic bank banking innovation for loans and finance New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest, riba or usury. Banks, financial institutions and monetary funds can replace interest, riba or usury using this new method which is an internal crypto currency blockchain dependent process the minting of new coin and mining of transaction fees. Customer walks into a bank that has our Islamic Banking blockchain innovation and asks for a loan/finance to buy a car. Now under Islamic banking sharia law the customer cannot pay interest, riba, usury on that loan therefore a mark-up has to be put in place for the bank to make money so if you want a car and it is $10k then the bank would buy it and re sell it to you at $20k called a mark-up repayments over a term say 10 years. SO in reality you are paying interest its just in a different form and its understandable how they reached this position because customer wants the car today. This is where our Islamic Banking Blockchain innovation comes into play. The Bank no longer needs to use Backdoor riba using the mark-up model because it can simply use this innovation and back the loan for the car with our digital asset/commodity 100% meaning the loan becomes principle only to the customer because they are sharing in the origination and formation of the loan together. The customer gets what he needs a car at its true price and the bank gets what they need which could be seen as profit, earnings, margin, revenue only and all because of the customer requiring a loan. The returns on this loan come from what this innovation actually does which is mine/mint POS proof of stake and secondary mine not just new assets/commodities but also the transactions that go throughout the entire asset/commodity allocated network for that bank it can then simply monetise the assets/commodities mined for fiat as it has the license and ability to bring new money into existence. All AML and KYC requirements have been met by the bank on the customer and the blockchain can be closed loop therefore all assets/commodities on the network are known. If the customer defaults on the loan the bank are protected because it has 100% reserves therefore the loan default does not affect other customers and clients of that bank. A New method for banks, financial institutions and monetary funds to provide ethical loans finance including Islamic finance with no interest, riba or usury. Banks, financial institutions and monetary funds can earn the interest, riba or usury using a different process which is an internal crypto currency blockchain dependent process the minting of new coin and mining of transaction fees. This new method is made possible because of the latest technology inside the crypto currency wallet as well as external factors. Customer applies for a loan bank approves the loan and at the same time the bank acquires bank coin to the value of the loan. The bank then leverages the bank coin 2x as a number lx goes to the pay for the bank coin and the other goes to the borrower. The borrower makes repayments however it is only the principle that he owes as there is no riba, interest, riba or usury. This new method gives banks, financial institutions and monetary funds the ability to earn the interest, riba or usury in a different process being the minting of new coin and mining of transaction fees which is an internal crypto currency block chain dependent process as opposed to the current system method of charging interest, riba or usury on loans/finance to the Borrower/Person/Entity/Applicant. Bankcoin will be used in this and the following claims as the crypto currency example, however this new method will apply to all crypto currencies that are blockchain dependent irrelevant of what they are called. Example, bank, note, coin, bar, rights; these examples of crypto currencies names are all blockchain dependent. A centralised and/or decentralised bank, financial institution and monetary fund can issue a single crypto currency using this new method to some and/or all banks, financial institutions and monetary funds and also can issue separate specific crypto currencies to some banks, financial institutions and monetary funds. A Borrower/Person/Entity/Applicant/Country enters a crypto currency/blockchain dependent loan/finance agreement with banks, financial institutions and monetary funds to take advantage of this new method of no riba, interest or usury. Example: Bankcoin Loan, Bankcoin Finance Each Borrower/Person/Entity/Applicant/Country could have its own allocation abbreviated in the wallet code on the blockchain. Example BankAU, BankUS, BankEU, HSBCAU, HSBCEU, HSBCUS, GaryAU, GaryEU, GEAU, GEUS, GEEU. Each with its own mined market cap, valuation, reserve, coin mint mine market cap %, and transaction fee mint mining cap %. The banks, financial institutions and monetary fund's then buy/acquire Bankcoin for or on behalf of the Borrower/Person/Entity/Applicant/Country to secure the position from 1% upwards to back the loan/finance. Example: The banks, financial institutions and monetary funds can back this loan/finance 100% to protect it in case the loan/finance Borrower/Person/Entity/Applicant/Country defaults. The banks, financial institutions and monetary funds can leverage the Bankcoin's which it has acquired by 2x, 5x, 30x, etc. whatever the rules are for that specific bank, financial institution and monetary fund. The leveraged Bankcoin's is to create fiat which is then allocated to the Borrower/Person/Entity/Applicant/Country. This is riba and interest free, no usury because Bankcoin being Crypto Currency/Blockchain dependent actually mint/mines new coins and mine/mints the transaction fees throughout the Bankcoin network. This gives the banks, financial institutions and monetary funds the ability to exploit this new method and determine what % it wants to earn via the mint/mine process. All associated fees would still apply Example: late payment/overdue payment fees; these fees could either be in fiat or Bankcoin or both. Only the principle loan/finance is required to be repaid. Al Rahn Al using this Islamic Banking blockchain sharia-compliant finance innovation: An arrangement whereby a valuable asset is placed as collateral for a debt. The collateral may be disposed of in the event of a default. Bai Bithaman Ajil mark-up removed using this Islamic Banking blockchain sharia-compliant finance innovation: This contract refers to the sale of goods on a deferred payment basis. Equipment or goods requested by the client are bought by the bank which subsequently sells the goods to the client an agreed price which includes the bank's markup (profit). The client may be allowed to settle payment by instalments within a pre-agreed period, or in a lump sum. Similar to a Murabaha contract, but with payment on a deferred basis. Bai Muajjal (Deferred Payment Contract) mark-up removed using this Islamic Banking blockchain sharia-compliant finance innovation: A contract involving the sale of goods on a deferred payment basis. The bank or provider of capital buys the goods (assets) on behalf of the business owner. The bank then sells the goods to the client at an agreed price, which will include a mark-up since the bank needs to make a profit. The business owner can pay the total balance at an agreed future date or make instalments over a pre-agreed period. This is similar to a Murabaha contract since it is also a credit sale. Istisna (Progressive Financing) using this Islamic Banking blockchain sharia-compliant finance innovation: A contract of acquisition of goods by specification or order where the price is paid progressively in accordance with the progress of a job. It is a contractual agreement for manufacturing goods and commodities, allowing cash payment in advance and future delivery or a future payment and future delivery. A manufacturer or builder agrees to produce or build a well-described good or building at a given price on a given date in the future. Price can be paid in instalments, step by step as agreed between the parties, istisna'a can be used for providing the facility of financing the manufacture or construction of houses, plants, projects, and building of bridges, roads and highways. Ju'alal using this Islamic Banking blockchain sharia-compliant finance innovation.: Lit: stipulated price for performing any service. Technically applied in the model of Islamic banking by some. Mudaraba using this Islamic Banking blockchain sharia-compliant finance innovation.: An Investment partnership. As a financing technique adopted by Islamic banks, it is a contract in which all the capital is provided by the Islamic bank while the business is managed by the other party. The profit is shared in pre-agreed ratios, and loss, if any, is borne by the investor. Mudarib using this Islamic Banking blockchain sharia-compliant finance innovation: In a mudaraba contract, the person or party who acts as entrepreneur. Murabaha using this Islamic Banking blockchain sharia-compliant finance innovation: A form of credit which enables customers to make a purchase without having to take out an interest bearing loan. The bank buys an item and then sells it on to the customer on a deferred basis this is backdoor riba and forbidden which is why this innovation is so unique it addresses this issue head on and says all Islamic Banking blockchain sharia-compliant finance innovation loans and finance are principle only with no tricks or excuses as this innovation clearly demonstrates there is no reason one must take out a loan or finance for anything and pay a hidden interest in the form of mark up to get around the sharia law and compliance. This innovation patent sets the foundation for the complete elimination of riba usury and interest once and for all. Current out-dated financial system which works as following: Non Sharia Compliant - Currency/Credit Creation - Debt Slavery - Liability - Interest Vs this new innovation being Asset/Commodity Discovery - Sovereign wealth and Freedom - Asset/Commodity mined, acquired and traded - Earnings/Revenue then Shared. This innovation claim also brings into the blockchain product and process the following but not limited to: Islamic Banking blockchain Dayn or Debt: A Dayn comes into existence as a result of any other contract or credit transaction. It is incurred either by way of rent or sale or purchase or in any other way that leaves it as a debt to another. Duyun (debts) ought to be returned without any profit since they are advanced to help the needy and meet their demands and, therefore, the lender should not impose on the borrower more than what he had given on credit. Falah: Falah means to thrive, to become happy or to have luck and success. Technically it implies success both in this world and in the Akhirah (Hereafter). The Falah presumes belief in one God, the apostlehood of Prophet Muhammad (Peace be upon him), Akhirah and conformity to the Sharia'h in behaviour. Al Ghunm bil Ghurm : This provides the rationale and the principle of profit sharing in Shirkah arrangements. Earning profit is legitimized only by engaging in an economic venture, risk sharing and thereby contributing to the economy. Halal: Anything permitted by the Sharia'h. Hibah: Hibah means Gift. Ijab: Offer, in a contract; see also qabul. ijtihad: it refers to an endeavor of a qualified jurist to derive or formulate a rule of law to determine the true ruling of the divine law in a matter on which the revelation is not explicit or certain, on the basis of Nass or evidence found in the Holy Qur'an and the Sunnah. Express injunctions have no room for Ijtihad. Implied injunctions can be interpreted in different ways by way of inference from the accepted principles of the Sharia'h 'lllah : It is the attribute of an event that entails a particular Divine ruling in all cases possessing that attribute, 'lllah is the basis for applying analogy for determining permissibility or otherwise of any act or transaction. Ijma': Consensus of all or majority of the leading qualified jurists on a certain Sharia'h matter in a certain age. Islamic Banking blockchain 'inah ( A kind of Bai) : Double sale by which the borrower and the lender sell and then resell an object between them, once for cash and once for a higher price on credit, with the net result of a loan with interest, 'inan (A type of Shrikah) : it is a form of partnership in which each partner contributes capital and has a right to work for the business, not necessarily equally. Istihsan : It is a doctrine of Islamic law that allows exception to strict legal reasoning, or guiding choice among possible legal outcomes, when considerations of human welfare so demand. Israf: It refers to immoderateness, exaggeration and waste and covers spending on lawful objects but exceeding moderation in quantity or quality; spending on superfluous objects while necessities are unmet; spending on objects that are incompatible with the economic standard of the majority of the population. See alsoTabzir Islamic Banking blockchain Jahl or Jahala : Ignorance, lack of knowledge; indefiniteness in a contract, sometime leading to gharar. Jua alah or Ji'alah : Literally, Joalah constitutes wages, pay, stipend or reward. Legally, it is a contract for performing a given task against a prescribed fee in a given period. A similar contract is 'Ujrah' in which any work is done against stipulated wage or fee. Kali bil-Kali: The term Kali refers to something delayed; appears in a maxim forbidding the sale of alkali bil-Kali i.e. the exchange of a delayed counter value for another delayed counter value. Al- Kafalah (Suretyship): Literally, Kafalah means responsibility, amenability or suretyship, Legally in Kafalah a third party become surety for the payment of debt. It is a pledge given to a creditor that the debtor will pay the debt, fine etc. Suretyship in Islamic law is the creation of an additional liability with regard to the claim, not to the debt or the assumption only of a liability and not of the debt. Kharaj bi-al-Daman: Gain accompanies liability for loss; a Hadith forming a legal maxim and a basic principle - see also Al- Ghunm bil Ghurm. Khiyar: Option or a power to annul or cancel a contract. Khiyar al-Majlis: Option of the contracting session; the power to annul a contract possessed by both contracting parties as long as they do not separate. Islamic Banking blockchain Khiyar al-Shart: A right, stipulated by one or both of the parties to a contract, to cancel the contract for any reason for a fixed period of time. Mal-e-Mutaqawam : Things the use of which is lawful under the Sharia'h; or wealth that has a commercial value. Legal tenders of modern age that carry monetary value are included in Mal-eMutaqawam. It is possible that certain wealth has no commercial value for Muslims (non-Mutaqawam) but is valuable for non-Muslims. Examples are wine and pork. Mithli (Fungible goods): Goods that can be returned in kind, i.e. gold for gold, silver for silver, US $ for US $, wheat for wheat, etc. Mubah: Object that is lawful (i.e. something which is permissible to use or trade in). Musawamah: Musawamah is a general kind of sale in which price of the commodity to be traded is bargained between seller and the purchaser without any reference to the price paid or cost incurred by the former. Qabul: Acceptance, in a contract; see also Ijab. Islamic Banking blockchain Qard (Loan of fungible objects): The literal meaning of Qard is 'to cut'. It is so called because the property is really cut off when it is given to the borrower. Legally, Qard means to give anything having value in the ownership of the other by way of virtue so that the latter could avail of the same for his benefit with the condition that same or similar amount of that thing would be paid back on demand or at the settled time. It is that loan which a person gives to another as a help, charity or advance for a certain time. The repayment of loan is obligatory. The Holy Prophet is reported to have said "Every loan must be paid". But if a debtor is in difficulty, the creditor is expected to extend time or even to voluntarily remit the whole or a part of the principal. Qard is, in fact, a particular kind of Salaf. Loans under Islamic law can be classified into Salaf and Qard, the former being loan for fixed time and the latter payable on demand, (see Salaf) Qimar: Qimar means gambling. Technically, it is an arrangement in which possession of a property is contingent upon the happening of an uncertain event. By implication it applies to a situation in which there is a loss for one party and a gain for the other without specifying which party will lose and which will gain. Qiyas: Literally it means measure, example, comparison or analogy. Technically, it means a derivation of the law on the analogy of an existing law if the basis ('illah) of the two is the same. It is one of the sources of Islamic law. Islamic Banking blockchain Riba Al-Fadl: Riba Al-Fadl (excess) is the quality premium in exchange of low quality with better quality goods e.g. dates for dates, wheat for wheat, etc. - an excess in the exchange of Ribawi goods within a single genus. The Concept of Riba Al-Fadl refers to sale transactions while Riba Al-Nasiah refers to loan transactions. Riba Al-Nasiah : Riba Al-Nasiah or riba of delay is due to exchange not being immediate with or without excess in one of the counter values. It is an increment on principal of a loan or debt payable. It refers to the practice of lending money for any length of time on the understanding that the borrower would return to the lender at the end of the period the amount originally lent together with an increase on it, in consideration of the lender having granted him time to pay. Interest, in all modern banking transactions, falls under purview of Riba Al-Nasiah. As money in present banking system is exchanged for money with excess and delay, it falls, under the definition of riba. A general accord reached among scholar about its prohibition. Ribawi: Goods subject to Fiqh rules on Riba in sales, variously defined by the schools of Islamic Law: items sold by weight and by measure, foods, etc. Al- Rahn: Pledge, Collateral; legally, Rahn means to pledge or lodge a real or corporeal property of material value, in accordance with the law, as security, for a debt or pecuniary obligation so as to make it possible for the creditor to recover the debt or some portion of the goods or property. In the pre-lslamic contracts, Rahn implied a type of earnest money which was lodged as a guarantee and material evidence or proof of a contract, especially when there was no scribe available to put it into writing. The institution of earnest money was not accepted in Islamic law and the common Islamic doctrine recognized Rahn only as a security for the payment of a debt. Islamic Banking blockchain Salaf or Loan / Debt: The word Salaf literally means a loan that draws forth no profit for the creditor. In wider sense, it includes loans for specified periods, i.e. short, intermediate and long-term loans. Salaf is another name of Salam as well wherein price of the commodity is paid in advance while the commodity or the counter value is supplied in future; thus the contract creates a liability for the seller. Amount given as Salaf cannot be called back, unlike Qard, before it is due. (see Qard) Salaf or Loan / Debt: The word Salaf literally means a loan that draws forth no profit for the creditor. In wider sense, it includes loans for specified periods, i.e. short, intermediate and long-term loans. Salaf is another name of Salam as well wherein price of the commodity is paid in advance while the commodity or the counter value is supplied in future; thus the contract creates a liability for the seller. Amount given as Salaf cannot be called back, unlike Qard, before it is due. (see Qard) Al-Sarf: Basically, in pre-lslamic times it was exchange of gold for gold, silver for silver and gold for silver or vice versa. In Islamic law such exchange is regarded as 'sale of price for price' (Bai al Thaman bil Thaman), and each price is consideration of the other, it also means sale of monetary value for monetary value - currency exchange. Islamic Banking blockchain Shirkah : A contract between two or more persons who launch a business or financial enterprise to make profits. In the conventional books of Fiqh, the partnership business has been discussed under the option of Shirkah that, broadly, may include both Musharakah and Mudaraba. Sunnah: Custom, habit or way of life. Technically, it refers to the utterances of the Prophet Muhammad (PBUH) other than the Holy Quran known as Hadith, or his personal acts, or sayings of others, tacitly approved by the Prophet. Tabarru': It is a donation/gift the purpose of which is not commercial but is seeking the pleasure of Allah. Any benefit that is given by a person to other without getting anything in exchange is called Tabarru'. Gracious repayment of debt, absolutely at lender's own discretion and without any prior condition or inducement for reward, is also covered under Tabarru'. Repaying a loan in excess of principal and without a pre-condition is commendable and compatible with the Sunnah of the Holy Prophet (peace be upon him). But, it is matter of individual discretion and cannot be adopted as a system because this would mean that loan would necessarily yield a profit. If such reward takes the form of a system, it would be considered Riba. Islamic Banking blockchain Tabzir : Spending wastefully on objects which have been explicitly prohibited by the Sharia'h irrespective of the quantum of expenditure. See also Israf. Wakalah : A contract of agency in which one person appoints someone else to perform a certain task on his behalf, usually against a certain fee. Zakah / Zakat: compulsories levy on every Muslim who has wealth greater than the amount of Nisab. The amount payable by a Muslim on his net worth as a part of his religious obligations, mainly for the benefit of the poor and the needy. See also ushr. Zakah al-Fitr: A small obligatory head-tax imposed on every Muslim who has the means for himself and his dependants. It is paid once yearly at the end of Ramadan before Eid al-Fitr. Zakah Al-Mal: The Muslims wealth tax: One must pay 2.5% of one's yearly savings above a certain amount to the poor and needy Muslims. The Zakah is compulsory on all Muslims who have saved (at least) the equivalent of 85g of 24 carat gold at the time when the annual Zakah payment is due. Islamic Banking blockchain Zakatul Huboob: Zakah of grain/corn. Zakatul Madan: Zakah of minerals. Zakatur Rikaaz: Zakah of treasure/precious stones. Zakatu-rid Tijaarah: Zakah of profits of merchandise. Zar: seed; crop to be sown. Zhulm: A comprehensive term used to refer to all forms of inequity, injustice, exploitation, oppression and wrongdoing whereby a person either deprives others of their rights or does not fulfil his obligations towards them. Zimmah: equivalent of legal personality in positive law; receptacle for the capacity for acquisition; see ahd. This innovation now makes it possible to do Bai bil Wafa on the blockchain under license agreement: Sale with a right in the seller, having the effect of a condition, to repurchase (redeem) the property by refunding the purchase price. According to majority of Fuqaha it is not permissible. This Islamic Banking Sharia Compliant Blockchain Innovation concerns cryptographic currency/digital mining assets/commodities for use in the stock/share/bond market industry. More specifically the present invention relates to the provision of cryptographic currency/digital mining assets/commodity stock/share/ bond innovation which fundamentally changes how the stocks/shares/bonds are discovered, issued, valuated and rated. This Islamic Banking Sharia Compliant Blockchain Innovation that addresses what the stocks/shares/bonds now known as digital mining assets/commodities look like and how they are bought, sold and traded on a digital mining assets/commodities Blockchain exchange. It affects proof of ownership on the Blockchain, investor returns, earnings to shareholders, settlement speed and company strength etc. This Islamic Banking Sharia Compliant Blockchain innovation is a new stocks/shares/bonds structure using digital mining assets/commodities which are the actual stocks/shares/bonds in the start-ups, businesses, companies and corporations which can then be bought/sold/traded on a new Blockchain shared ledger exchange/platform. New start-ups and existing businesses/companies/corporations can transition from their old stocks/shares/bonds structure in the existing stocks/shares/bonds market over to this new innovative digital mining assets/commodities stocks/shares/bonds structure on a new digital mining assets/commodities Blockchain exchange. --------------------------End claim 2----------------------- --------------------------Begin claim 3----------------------- Claim 3. Islamic Banking sharia-compliant finance innovation on/using the Blockchain but not limited to: New Islamic monetary system using this Islamic banking innovation where you no longer need to borrow as the underlying assets/commodities earn revenue for you. New Blockchain Islamic bank banking innovation for monetary system This new monetary innovation method/process using crypto currency applies to and for entities, which require an income/revenue producing asset using any form of named/renamed crypto currency, using any form of blockchain/chain process using the wallet which mints/mines new coin assets. This method/process using crypto currency applies to and for entities, which require an income/revenue producing asset using any form of named/renamed crypto currency, using any form of blockchain/chain process using the wallet which mints/mines new coin assets. This new method/process makes it possible for an entity to acquire a (blockchain or any chain dependent) crypto currency asset to earn revenue, mint and mine new assets and currency, produce, acquire income for that entity and or on behalf of another entity This new monetary innovation method/process using crypto currency applies to and for entities, which require an income/revenue producing asset using any form of named/renamed crypto currency, using any form of blockchain/chain process using the wallet which mints/mines new coin assets. Example of entities would be but not limited to Governments, corporations, companies, SME's (small medium enterprises), sole traders, NGO's (nongovernment organisations), not for profits, non-profits, sole traders etc. The below claims will apply to the above entities. Reduction of: Taxes (governments), Fees (businesses), Grants (NGO's), donations (non-profits) This new method/process makes it possible for an entity (referenced above) to acquire a (blockchain or any chain dependent) crypto currency asset to earn revenue, mint and mine new assets and currency, produce, acquire income for that entity and or on behalf of another entity. Example Government: For this claim we will use crypto currency Bankcoin as the asset currency which is what is stored in the Bankcoin wallet that mints new coin assets amine/mints the transaction fees of those assets throughout the blockchain network and transacted by the entity throughout the blockchain network. A government can acquire and/or have developed a revenue/income producing crypto currency asset, e.g. Bankcoin which uses the blockchain to earn revenue by way of mint/mine new assets and mine/mint the transaction fees as oppose to their current system where they acquire/require taxes, rates, fees to be paid as their form of revenue. This new method can reduce or eliminate the need for governments to charge taxes, rates, fees on some or all in the following definition. This new method process will apply to all entities. Definition: Taxes - a tax is a compulsory levy imposed by the government, mainly to raise revenue. There is usually no clear and direct link between payment of taxes and the provision of particular goods and services by government. Taxes are levied on incomes, property, production, sale and use of goods and services, and the performance of activities. Included are personal income taxes, company taxes, payroll and fringe benefits taxes, sales tax, customs and excise duties, land taxes, municipal rates, motor vehicle registration fees, compulsory fees and fines collected by all levels of government. This new method and/or process makes it possible for an entity to reduce its borrowing as it can now acquire/develop/have developed an income/revenue producing asset using crypto currency such as Bankcoin. Therefore it will have no debt to refinance or be repaid as this new method is considered new money; new wealth not based on debt and has no interest usury component to it. It is based on the crypto currency minting and mining of new assets. This reduction in borrowing will strengthen the entities position in the market place and give it an advantage over those that have not engaged in this new method and/or process. It can be fully replicated and exploited via a license agreement Increase/surplus in: lending (cash), mergers (business), acquisitions (property) This new method and/or process makes it possible for an entity to increase its income/revenue producing asset that it has acquired under license to a point it would have surplus available to lend through cash, mergers and acquisitions. This increase is possible because there is a variable and fixed rate of return on the assets that are acquired through the mint/mine process and will mint/mine at that rate per annum so the entity always knows what's available to them and what the surplus will be at any given point in time. Only through this new method using the Bankcoin crypto currency model, method and or process can this be achieved. Ability to finance: infrastructure/buildings/assets, separate departments/divisions/portfolios, internal and external. This new method and/or process make it possible for an entity, in this example we will use Government. They will be able to acquire/ develop/have developed a crypto currency asset specifically for a department, a portfolio, a specific division where they can control the amount of assets return/revenue via the mint/mine process to cover that departments requirements for the year as the rate of return is measured per annum. Each department will then know exactly what amount it has available to allocate. Example, Building works department would know exactly how much they will earn from their allocation of crypto currency assets the federal government allocates to it therefore it can make sound decisions on the number of bridges and roads it can build in that year and since this new method and/or process is configurable we can develop it to suit. Regulatory Body Oversight: This new method and/or process will be overseen, developed, issued, regulated, insured, valued, licensed, distributed, monitored and expanded upon by the self-regulated entity Bankcoin Reserve (BCR). The BCR has a number of patents relating to crypto currency under license from the patent owner/s, and can demonstrate fully the new method and/or process to which this patent applies. Digital mining asset/commodity contracts Using digital mining commodities/high quality assets on the Blockchain with a fixed contract value price or floating mining contract value price, fixed or floating Bankcoin/any coin value Bankcoin/any coin amount makes the entire process open, transparent and more secure via its built in wallet encryption mechanisms, statistics and block explorer. For reference a digital mining asset/commodity is not just any digital commodity. A digital commodity is a commodity that has completed its function and is static like Bitcoin. Once a Bitcoin is mined you have a Bitcoin but it does nothing further, you can use it as a medium of exchange back and forth. A Digital mining asset/commodity such as Bankcoin is mined which we then call the principle/primary and then that principle in your Bankcoin wallet starts to secondary mine/mint new Bankcoin's at a rate of up to 10% per annum, as an example. This is why we call it a digital mining asset/commodity as opposed to just a digital mined asset/commodity. It has an additional mining function after the initial principle coin has been mined; it moves into the secondary mining phase. The amount mined/minted in this stage is dependent on the principle amount in the actual digital Bankcoin wallet. More than one contract at a time can be secured. These programs have no time limits therefore can be renewed endlessly or as long as the paper is there to be bought and sold. New ethical markets This is an innovation for Private Placement, High Yield Investment, Tier 1, MTN buy/sell Structured financial Trading Programs and Platforms, because never before have brokers, dealers and those in the financial sector had a product that is ethical meeting all ethical and humanitarian requirements. It mines/mints/earns new Bankcoin's which we call earnings as there is no interest component meaning this will open up new ethical markets for them that they never had access to before. A Private Placement, High Yield Investment, Tier 1, MTN buy/sell Structured financial Trading Programs and Platforms is where the investors digital mining assets/commodities are blocked, by the Bankcoin reserve, from being used for any other purpose than for the traders own Buy/Sell Program. Typically this type of program lasts for a 40 week period. The clients Bankcoin wallet mines by the second, minute, hour, day, week or month. Its real time which makes it now possible for the broker/trader/those in the financial sector to adjust the amount of trades they can do real time based on the real time increase in the clients Bankcoin wallet. As an example, if the minimum amount for a PPP was $130M then the client would need to put up his Bankcoin wallet with 100,000 Bankcoin's as each Bankcoin on the market has a valuation of $1300. Now this is where it gets innovative, instead of only being a fixed contract it can also be a floating contract as the clients Bankcoin wallet is going to mine as we know up to 10% pa which amounts to approximately 10,000 newly mined/minted/earned Bankcoin's which would bring the clients total to 110,000 over the 12 month period which is an additional $13M the broker/trader has ongoing access to over the term of the contract, example 40 week period. Now $13M might not sound much but if the client has 1M Bankcoin's with a Valuation of $1.3B then it could mine/mint/earn up to $130M pa. Allocation of secondary mined assets/commodities This innovation makes it possible for the client/investors primary mined digital assets/commodities to secondary mine/mint new digital assets/commodities. These secondary mined/minted new digital assets/commodities can then be automatically allocated to entities such as the IMF/UN/World Bank for the funding of humanitarian and reconstruction projects located in any country of the world as long as that country is deemed appropriate. What this claim does is guarantee on behalf of the client/investor that a percentage of their returns are actually going to where they need to go such as the IMF/UN/World Bank for the funding of humanitarian and reconstruction projects at their discretion. While commercial projects with vocational aspects get funded as well as humanitarian projects. As an example: The client/investor has 1 Million principle Bankcoin's in their Bankcoin digital wallet which is allocated in this example to a 40 week program. With a valuation via the Bankcoin Reserve (who sets the Bankcoin price) of US$1.3Billion, this will then secondary mine up to 10% per annum of US$130Million. That 10% is also used by the trader at time intervals that suit them as it would equate to US $3.25Million per month depending on the minimum amount the trader can use. However we would know with some certainty that US$130M from this 40 week trade program would automatically be allocated to the example IMF/UN/World Bank to non-profits and NGO's for humanitarian reasons and also to allocate the proceeds to major projects such as infrastructure, bridges, roads, hospitals, schools, higher education etc. This is in addition to the client/investors principle amount of IMillion Bankcoin's that started the 40 week program. Access/Monitoring and regulatory oversight Another part of the innovation is the broker/trader/those in the finance sector can use what we call an RDC or remote desktop connection to log into the VPS virtual private server/computer which is where the clients Bankcoin wallet would be located and even log into the wallet itself if necessary to check its statistics real time, check transactions via the built in block explorer and even download an Excel spread sheet of all transactions for record keeping and watch the mining of new coins so that they can make changes and adjustments to their buy/sell trade/invest side if and when required. This innovation by default also gives regulators access and therefore the ability to assess the quantity and quality of the data and trades by way of Bankcoin's wallet capabilities and RDC functions being used in this innovation. Also greater transparency, efficiency and security at a lower cost which regulators have not had access to until this innovation. It also gives traders, brokers and those in the finance industry the ability to monitor the process and progress real time which allows them to make real time changes on their end possible which only this innovation can deliver. It allows trader checking and monitoring client/investors Bankcoin wallet and balance. Regulatory Authority The Bankcoin Reserve acts as the regulatory authority in relation to Blockchain Digital Mining Commodity/Asset innovation for Private Placement, High Yield Investment, Tier 1, MTN buy/sell Structured financial Trading Programs and Platforms. The Bankcoin Reserve is the only major international entity that facilitates between Brokers/traders and those in the financial sector to those clients/investors in the Blockchain Digital Mining Commodity/Asset sector. The Bankcoin Reserve accepts custody of the clients Bankcoin's for the Private Placement, High Yield Investment, Tier 1, MTN buy/sell Structured financial Trading Programs and Platforms. The Bankcoin Reserve secures the client/investors Bankcoin's and 100% fully insures them from risk of loss which would be in the form of Bankcoin. The Bankcoin Reserve will make available to the trader/broker a remote desktop connection application so they can check and monitor the client/investors Bankcoin wallet at any time. Trader can enter the wallet on the Blockchain by logging in via the Remote Desktop Connection which can be on their phone, desktop, laptop etc. giving them the ability to check the status of the clients Bankcoin wallet balance, mined and mining at anytime from anywhere. The Bankcoin Reserve will block the movement of the clients Bankcoin's from the trader and also from the client. They will be locked in place until the term of the agreement has expired. The Bankcoin Reserve will determine the valuation of Bankcoin's both in the private and public sectors which will reflect the market needs and requirements. The Bankcoin Reserve also rates Bankcoin's when used in this innovation. The Bankcoin Reserve monitors the decisions made by the CFTC in relation to digital mining commodities for any changes that may occur. The Bankcoin Reserve has no upfront fees to Bankcoin holders for this service. The Bankcoin Reserve purely facilitates between the Bankcoin holders and the traders/brokers. The Bankcoin Reserve is not a part of the contract between the client and trader. The Bankcoin Reserve provides a Responsible Principal Guarantee in the form of an SKR to the client and trader as the Bankcoin's are commodities which could also be seen as securities and/or corporate client bonds. The Bankcoin Reserve holds only high quality Digital Bankcoin commodities/assets and does high quality transactions only. The Bankcoin Reserve has a Program Application (CIS/KYC). Color-Scanned Copy of Bankcoin Wallet Screen Statement/ Tear Sheet Colour-Scanned Copy of Account Signatory's Passport the Bankcoin Reserve determines the client is the legal owner of Bankcoin's held in custody. Bai al Salam using this Islamic Banking blockchain sharia-compliant finance innovation: This term refers to advance payment for goods which are to be delivered later. Normally, no sale can be affected unless the goods are in existence at the time of the bargain. But this type of sale forms an exception to the general rule provided the goods are defined and the date of delivery is fixed. The objects of this type of sale are mainly tangible things but exclude gold or silver as these are regarded as monetary values. One of the conditions of this type of contract is advance payment. Baitul Mai using this Islamic Banking blockchain sharia-compliant finances innovation: Treasury. Dirham using this Islamic Banking blockchain sharia-compliant finance innovation: Name of a unit of currency, usually a silver coin, used in the past in several Muslim countries and still used in some Muslim countries, such as Morocco and United Arab Emirates. Hawala using this Islamic Banking blockchain sharia-compliant finance innovation: Lit: bill of exchange, promissory note, cheque or draft. Technically, a debtor passes on the responsibility of payment of his debt to a third party who owes the former a debt. Thus the responsibility of payment is ultimately shifted to a third party. Hawala is a mechanism for settling international accounts, by book transfers. This obviates, to a large extent, the necessity of physical transfer of cash. This Islamic Banking Sharia Compliant Blockchain Innovation makes it possible for investors/stakeholders to acquire principle digital mining asset/commodity in a start-up, business/company/corporation in both the primary and secondary market and let their principle digital mining asset/commodity secondary mine for them on exchange and/or off exchange. This is then a new innovative way for investors/stakeholders who would now be shareholders in this new structure to get a stable return on investment without having to sell their principle stocks/ shares/bonds back into the market place. They can simply sell what their start-up/business/company/corporation principle digital mining assets/commodities stocks/shares/bonds secondary mine. This Islamic Banking Sharia Compliant Blockchain Innovation has the potential to completely reshape the Islamic Banking industry and drive huge improvements in market efficiency, settlement, security, regulatory, speed of transfer, ownership CIS, KYC, AML. We will use Bankcoin as our example of the digital mining assets/commodities which has had its principle Bankcoin mined and is now secondary mining a percentage from 1% onwards pa from the total amount in their Bankcoin digital wallet. Example: if you acquire 1000 Bankcoin's it will secondary mine up to 10% pa which equals up to 100 newly mined Bankcoin's pa. So when an investor/stakeholder acquires 1000 digital mining asset/commodity stocks/shares/bonds in a start-up/business/company/corporation from the SharesX exchange for example, they will newly secondary mine 100 digital mining asset/commodity stocks, shares, bonds per annum for the new shareholder. This Islamic Banking Sharia Compliant Blockchain digital mining asset/commodity stocks/shares/bonds innovation assists with market stability being a fixed price with the option of a floating price above that, transparency as the Blockchain is decentralised, security of ownership as investors/shareholders have full control over their digital mining asset/commodity stocks/shares/bonds both online and offline in their own digital wallet, and minimising tax avoidance by increased transparency and regulatory oversight. --------------------------End claim 3----------------------- --------------------------Begin claim 4----------------------- Claim 4. Islamic Banking sharia-compliant finance innovation on/using the Blockchain applied but not limited to: Banks, financial institutions and monetary funds can now you this innovation for Stocks, shares, bonds etc., as there is no riba, usury or interest which makes it possible for new financial models to be created with the underlying innovation technology for increased sharia compliant products and services. New Blockchain Islamic bank banking innovation for stock share bond system includes for Private Placement, High Yield Investment, Tier 1,2,3, MTN buy/sell Structured financial Trading Programs and Platforms New stock/share/bond innovation using principle mined cryptographic currency/digital mining assets/commodities which secondary mine for stock/share/bond holders on/using the Blockchain/any chain/shared ledger on a cryptographic currency/digital mining assets/commodities exchange. The invention concerns cryptographic currency/digital mining assets/commodities for use in the stock/share/bond market industry. More specifically the present invention relates to the provision of cryptographic currency/digital mining assets/commodity stock/share/ bond innovation which fundamentally changes how the stocks/shares/bonds are discovered, issued, valuated and rated. This is an innovation that addresses what the stocks/shares/bonds now known as digital mining assets/commodities look like and how they are bought, sold and traded on a digital mining assets/commodities Blockchain exchange. It affects proof of ownership on the Blockchain, investor returns, earnings to shareholders, settlement speed and company strength etc. This innovation is a new stocks/shares/bonds structure using digital mining assets/commodities which are the actual stocks/shares/bonds in the start-ups, businesses, company's and corporations which can then be bought/sold/traded on a new Blockchain shared ledger exchange/platform. New start-ups and existing businesses/companies/corporations can transition from their old stocks/shares/bonds structure in the existing stocks/shares/bonds market over to this new innovative digital mining assets/commodities stocks/shares/bonds structure on a new digital mining assets/commodities Blockchain exchange. This innovation makes it possible for investors/stakeholders to acquire principle digital mining asset/commodity in a start-up, business/company/corporation in both the primary and secondary market and let their principle digital mining asset/commodity secondary mine for them on exchange and/or off exchange. This is then a new innovative way for investors/stakeholders who would now be shareholders in this new structure to get a stable return on investment without having to sell their principle stocks/shares/bonds back into the market place. They can simply sell what their start-up/business/company/corporation principle digital mining assets/commodities stocks/shares/bonds secondary mine. This innovation has the potential to completely reshape the industry and drive huge improvements in market efficiency, settlement, security, regulatory, speed of transfer, ownership CIS, KYC, AML. We will use Bankcoin as our example of the digital mining assets/commodities which has had its principle Bankcoin mined and is now secondary mining a percentage from 1% onwards pa from the total amount in their Bankcoin digital wallet. Example: if you acquire 1000 Bankcoin's it will secondary mine up to 10% pa which equals up to 100 newly mined Bankcoin's pa. So when an investor/stakeholder acquires 1000 digital mining asset/commodity stocks/shares/bonds in a start-up/business/company/corporation from the SharesX exchange for example, they will newly secondary mine 100 digital mining asset/commodity stocks/shares/bonds for the new shareholder. This digital mining asset/commodity stocks/shares/bonds innovation assists with market stability being a fixed price with the option of a floating price above that, transparency as the Blockchain is decentralised, security of ownership as investors/shareholders have full control over their digital mining asset/commodity stocks/shares/bonds both online and offline in their own digital wallet, and minimising tax avoidance by increased transparency and regulatory oversight. Gary McAlister Terry New digital mining asset/commodity share structure with new innovations in technology and new regulations from that technology, come new terms. Digital mining assets/commodities are digitally mined principle assets/commodities that are now secondary mining adding to their existing principle mined asset/commodity balance total. Therefore the new company stocks/shares/bonds would actually be digital mining assets/commodities. The company would have principle digital mining assets/commodities which it sells/ trades into the market and the investors would be buying the principle stocks/shares/bonds and then secondary mining them to sell into the market place on a Blockchain exchange such as SharesX. Start-ups once they have their market valuation and company share structure can submit it to SharesX for valuation and approval into the digital mining asset/commodity share market exchange. Take for example a company called AAABIockchain Limited. A start up that has been testing its products in the market for nearly two years is now ready to enter the private secondary market to raise funds and decentralise its intellectual property via a share offering. This company now has the option via this new innovation to use SharesX.com, a Blockchain stocks/shares/bonds exchange that specialises in digital mining asset/commodity, to sell/trade its principle digital mining assets/commodities. The company has a total market valuation of $1B/10M stocks/shares/bonds and wants to sell/trade to market 10% which would equate to $100M/1M stock/share/bond at $100 per stock/share/bond. This innovation allows this start-up to sell/trade a principle amount of AAABIockchain principle stocks/shares/bonds in the form of digital mining assets/commodities and place 1M of those principle stocks/shares/bonds on SharesX.com to sell/trade. The core of the innovation is that AAABIockchain principle stocks/shares/bonds will secondary mine for the investors/stakeholders meaning the stocks/shares/bonds in this company that are bought off the exchange will start to secondary mine for the new shareholder at a rate of up to 10% pa. So if you acquired $100k worth of AAABIockchain stocks/ shares/bonds, 1000@$100 each which are digital mining assets/commodity stocks/shares/bonds, it works out at up to $10k pa in ethical earnings. What this does is smooth out the real world company fluctuations, be they seasonal, weather dependent, manipulated, traded, buy/low sell high or leveraged, and also removes the need for new stocks/shares/bonds offers which would dilute the shareholders principle stocks/shares/bonds. This innovation leads to a sounder, more stable market and provides certainty to market participants/investors as well as shareholders. Profit and Earnings from digital mining asset/commodity stocks/shares/bonds. The profit/earnings from AAABIockchain products and services in the real world are used to acquire digital mining asset/commodity stocks/shares/bonds off the SharesX exchange that their shareholders have secondary mined and put up for trade/sale. By default this strengthens the core of the company into which market participants and investors are investing. This is not a buyback of stocks/shares/bonds as these stocks/shares/bonds are newly mined digital mining asset/commodity stocks/shares/bonds from shareholders. This is a reflection of the new products and/or services the company is actually delivering in the real world. So for the company it's a buy the newly mined digital mining asset/commodity stocks/shares/bonds from their shareholders, hold and let the newly acquired digital mining asset/commodity stocks/shares/bonds secondary mine for the company, strengthen the overall company which puts it on a path to sustainable growth. Rating, management and fee structure for digital mining asset/commodity stocks/shares/bonds A company like SharesX would have a rating system with the highest rating going to the companies that consistently buy the most digital mining asset/commodity stocks/shares/bonds from their shareholders on the exchange. This shows the strength and growth of that company in the real market. This rating could be adjusted periodically throughout the year. This innovation gives each digital mining asset/commodity shareholder a method of recording and confirming their share transactions in real time instead of a centralised platform doing it for them. Each shareholder can hold a digital wallet which has a complete record of mined digital mining assets/commodities and transactions through peer to peer verification through the Blockchain and the block explorer. This means there is no central recording system; rather each participant keeps a record of all transactions ever made. This is the same system which allows Bankcoin to operate with no central authority. All digital mining asset/commodity share trades would be settled by each digital mining asset/commodity shareholder confirming transactions through the peer to peer network/Blockchain. The network/Blockchain could record the buying and selling of each digital mining asset/commodity of the shareholder, the number of stocks/shares/bonds traded the price of stocks/shares/bonds, time of exchange and the exchange of funds as all these are real time stamped on the exchange. The exchange, such as SharesX, will still provide a centralised electronic exchange for each digital mining asset/commodity shareholder to place buy/sell/trade orders. The settlement or back office function will be provided to the entire network/Blockchain which is a major advantage with huge cost savings. There are no fees to buy/sell/trade on the exchange such as SharesX however there is a fee to list on the exchange in the form of a percentage of the digital mining asset/commodity of the listing company. These principle company stocks/shares/bonds will then secondary mine for SharesX and be put up for sale/trade on the exchange. Fixed price formula for digital mining asset/commodity stocks/shares/bonds this innovation brings in a fixed price formula which means there is a floor price. As an example, AAABIockchain Limited digital mining asset/commodity share floor price is $100, however it can climb up due to market forces though it cannot go below the floor price. This brings in a sustainable ethical growth formula yet gives those that require markets to fluctuate above the floor price that option as well. Innovation benefits and advantages of digital mining asset/commodity stocks/shares/bonds this digital mining asset/commodity stocks/shares/bonds innovation has the potential to cut inefficiencies in the share settlement function. As trades are settled in real time by peer to peer confirmations, there is no need for a clearing house, auditors to verify trades, or custodians to ensure a shareholder actually has the stocks/shares/bonds they claim to hold. The shareholders digital wallet holds all this information on the exchange in the Overview page, Statistics page and block explorer. This digital mining asset/commodity share innovation removes the need for middlemen in the back office which means fewer costs in record keeping and in turn less costs to trading on exchanges such as SharesX. The high cost in getting a third party to audit, record keep and/or verify trades would be substantially reduced. This digital mining asset/commodity stocks/shares/bonds innovation addresses all these issues and more since it can cover any and all costs because it mines new digital mining asset/commodity stocks/shares/bonds. The digital mining asset/commodity shareholders confirmation of trades means settlement time can be significantly reduced compared to the current settlement period of three working days (T+3) as the existing exchanges need to make sure the participants have the money and stocks/shares/bonds on hand to exchange. This would make digital mining asset/commodity stocks/shares/bonds a far more liquid investment. Higher liquidity means more investment into start-ups/ businesses/companies and corporations principle digital mining asset/commodity stocks/shares/bonds using this innovation. As all participants have the full record of transactions and therefore holdings of the business there is complete transparency in the equity market. This makes it almost impossible to falsify transactions or to make changes to prior transactions. If a false trade occurs, participants will find inconsistencies in their full ledger and reject the trade. For example an investor would be unable to sell stock/shares/bonds that they did not own as all participants throughout the Blockchain would know exactly how much stocks/shares/bonds the investor/company owns as that information is inside the digital wallet. Bai al Dayn using this Islamic Banking blockchain sharia-compliant finance innovation: Debt financing: the provision of financial resources required for production, commerce and services by way of sale/purchase of trade documents and papers. Bai al-Dayn is a short-term facility with a maturity of not more than a year. Only documents evidencing debts arising from bona fide commercial transactions can be traded. Gharar is enhanced using this Islamic Banking blockchain sharia-compliant finance innovation: Uncertainty. One of the three fundamentals prohibitions in Islamic finance (the other two being Riba and Maysir). Gharar is a sophisticated concept that covers certain types of uncertainty or contingency in a contract. The prohibition on Gharar is often used as the grounds for criticism of conventional financial practices such as short selling, speculation and derivatives. Maysir is removed and not necessary using this Islamic Banking blockchain sharia-compliant finance innovation. Gambling. One of three fundamental prohibitions in Islamic finance (the other two being Riba and Gharar). The prohibition on maysir is often used as the grounds for criticism of conventional financial practices such as speculation, conventional insurance and derivatives. Sukuk using this Islamic Banking blockchain sharia-compliant finance innovation: Similar to an asset backed bond, Sukuk is a form of commercial paper that provides an investor with ownership in an underlying asset, and a return based on this ownership. The issuing entity needs to identify existing assets to sell to the Sukuk investors, via transference to an SPV. The Sukuk investors then have a proportionate beneficial ownership in these assets. Investors typically take on the credit risk of the issuer rather than real asset risk on the assets owned by the SPV. Sukuks can be listed and rated, though this is not necessary, depending on the target investor market. Sukuks are typically issued by corporate issuers, and some Financial Institutions, and also by Governments (Bahrain, Malaysia, Pakistan). Blockchain Islamic bank banking sharia compliant Initial Coin Offering ICO - a POS proof of stake secondary mining from the primary principle initial coin call it KwhCoin/Token so it can give an ongoing sustainable return to investors in the form of Kwh's say 15-25% pa from the principle primary kwh coin in your wallet. Because it is clean and renewable energy technology the ICO investment is going into then a name like Kwh will make sense to the Investors. This also takes pressure off the company taking the investment from the ICO in relation to building the clean and renewable infrastructure however this ICO model will increase investment into the sector because the investors will have two returns one immediately in the form of Kwh's Kwh coin and the other once the operation is built and producing Kwh energy. Let's propose a $10M ICO raise the company proposing the ICO will discover 100M Kwh coins and at $1 each will allocate 10M to the company doing the operation, they will then sell 10M Kwh's coins to the investors in the ICO. Now these start to mine as a number 15% per annum the investors are happy because not only have they invested in the underlying physical building installation and production leading to generation and a return on their investment in the real world but also the return on the Kwh coin itself so it's a win as soon as they acquire their ICO Kwh coins as they then start to mine/mint for them at the 15% rate and a win for them once the facility begins to product Kwh's say for example sold to the grid. This model can be applied to any and all clean and renewable real world installations to attract investment where the returns are from two different sources. First being from the blockchain and the second from the generation of Kwh's to the grid for example. We understand that it takes time to build these projects in the real world therefore we need the underwriting facility in this case the Kwh coin to give the investors a return instantly which by default takes pressure off the company doing the building and installation. We also know that so many investors want their ROI too soon which is why most investments in this sector are not made. We have always needed a way where we could take care of the investors ROI however not let it affect the real world building of the infrastructure and their natural time frames and we believe this is a sound way to go about it. You can look at the Kwh coin underwriting and/or insuring the actual product even though it has a standalone valuation and market viability. From this point forward investors that want to invest in clean and renewables can do so by simply acquiring the Kwh,s off the investors in the ICO just a thought. This is how they can turn their ICO Kwh coin investment return the 15% into fiat. This Islamic Banking Sharia Compliant Blockchain Innovation method/process using crypto currency applies to and for entities, which require an income/revenue producing asset using any form of named/renamed crypto currency, using any form of blockchain/chain process using the wallet which mints/mines new coin assets. This new method/process makes it possible for an entity to acquire a (blockchain or any chain dependent) crypto currency asset to earn revenue, mint and mine new assets and currency, produce, acquire income for that entity and or on behalf of another entity. This Islamic Banking Sharia Compliant Blockchain Innovation digital mine discovery innovation actually discovers more digital mines while it uses the blockchain as the rails and a secondary digital mine discovery process to discover secondary digital mines. The 2nd digital mine discovers a 3rd digital mine and then a 4th then 5th which can continue discoveries indefinitely perpetual automatically all from the digital mines discovered before them. Because they are actual digital mines which are discovered they would come under the realestate/property classification. Be it a commercial operation and/or in the wholesale sector and/or retail a portfolio of digital mines traded and/or on sold to the retail sector including being used as but not limited to security, insurance, collateral etc. This Islamic Banking Sharia Compliant Blockchain Innovation sets out a new realestate and/or property blockchain franchise model and has the ability to be exploited under a patent license fee agreement and/or outright bought/sold to specific entities such as but not limited to, governments, Banks, financial institutions, monetary funds, insurance industries on platforms such as but not limited to asset/commodity/stock/bond/share markets and exchanges etc. --------------------------End claim 4----------------------- --------------------------Begin claim 5----------------------- Claim 5. Islamic Banking sharia-compliant finance innovation on/usingthe Blockchain applied but not limited to: New digital mine discovery franchise on the blockchain New Blockchain islamic bank banking innovation for New digital mine discovery franchise Blockchain Al-kharaj bil daman Link of exposure to risk, one can claim profit only if one is ready to bear the business risk, if any. The principle in Islamic jurisprudence that entitlement to return or yield ( al-kharaj) is for the one who bears the liability ( daman) for something, say an asset, and one who does not bear the liability has no claim to the yield. This Islamic Banking Blockchain innovation both parties share the risk equally and therefore share the return or yield equally. New digital mine discovery franchise innovation for but not limited to Governments, treasuries, central banks, banks, financial institutions, monetary funds, judicial entities, real estates, properties commercial, industrial, domestic, foreign, stock, bond and share markets, insurance captive underwriting institutions, public, private, wholesale, retail and service sectors using the blockchain to discover a master franchise and or for the discovery of franchises of the new digital mines. This blockchain digital mine discovery innovation actually discovers more digital mines while it uses the blockchain as the rails and a secondary digital mine discovery process to discover secondary digital mines. The 2nd digital mine discovers a 3rd digital mine and then a 4th then 5th which can continue discoveries indefinitely perpetual automatically all from the digital mines discovered before them. Because they are actual digital mines which are discovered they would come under the realestate/property classification. Be it a commercial operation and/or in the wholesale sector and/or retail a portfolio of digital mines traded and/or on sold to the retail sector including being used as but not limited to security, insurance, collateral etc. This innovation sets out a new realestate and/or property blockchain franchise model and has the ability to be exploited under a patent license fee agreement and/or outright bought/sold to specific entities such as but not limited to, governments, Banks, financial institutions, monetary funds, insurance industries on platforms such as but not limited to asset/commodity/stock/bond/share markets and exchanges etc. This is a blockchain digital mine discovery franchise innovation specifically designed and developed for the realestate /property, insurance/underwriting, security/collateral markets. This is not a crypto currency nor is it an asset/commodity innovation that earns interest. What we have discovered on the blockchain is an actual digital mine we can call the master franchise which can actually discover new digital mines at a pre-determined discovery percentage rate example l/10th per annum. It is estimated because mine discovery is not an exact science. This innovation is an actual digital mine discovery innovation on the blockchain which by default means it is covered under the realestate banner and in doing so we have worked out through our modelling that it can be an actual franchise. The master franchise is discovered the moment we find it and from there subsequent franchises with the same ability are discovered and then allocated and considered as per this patent as franchisees/sub franchises off the master franchise as well as off the sub franchisees themselves.. Because this innovation is an actual digital mine on the blockchain with a secondary, third, fourth, fifth unlimited and continuous digital mine discovery ability and features, discovery capabilities which then has the ability to discover a third digital mine off the second discovered franchise digital mine which then has the ability to discover fourth digital mine off the third discovered digital mines and so on and so forth. Also from the second digital mine discovery onwards we have the ability to go to an actual asset/commodity which would end the new digital mine discovery it is unique and innovative hence the innovation patent. This blockchain digital mine discovery franchise innovation makes it possible to discover and develop an unlimited number of digital mine master franchises which also means an unlimited number of sub franchises and/or franchisees which also means those sub franchises and/or franchisees can sub franchise and they can also do the same continuously using all or some or mixed number of new mines discovered and/or some of the principle/primary allocation from the master franchise and/or a mix from the master franchise and any franchisee within the franchise network this is what gives the market internal/private liquidity as the new mines discovered can be sold/traded swapped etc. before they are made available to the public market sold/traded swapped etc. privately, on exchanges, to any and all entities/persons. The reason this Realestate and/or property innovation is so innovative/unique is the blockchain now makes it possible using a built in digital mine discovery process e.g. to make new discoveries which are similar to the primary and/or principle digital mine they came from. What this means is when a digital mine is discovered and then developed on the blockchain it can have certain specifications at the discovery stage such as but not limited to, size of the digital mine, capacity of the digital mine, approximate digital mining discovery rate per annum, lifecycle of the digital mine etc. Once these and others are determined, the first phase of the Digital mine is activated, put into service, brought online and the digital mining discovery process begins. This could also be called the principle/primary amount/position master franchise, from here we move into the second phase which is where the principle/primary amount/position master franchise starts/begins to discovery new digital mines at a pre-determined fixed or floating rate per annum which could be based off the amount of digital mines determined in the first phase at first discovery development. What this Realestate property innovation on the blockchain makes possible is digital mines discovered through this process will be available to all who want to invest in this since they are digital mines which are sustainable, environmentally friendly, deliverable as you can take ownership of them and also package them up into digital mine portfolios and trade them with those who are looking for a product that has these capabilities and can be used as security, collateral, etc. The blockchain digital mine itself is a genuine mining process and therefore property which would come under realestate with the intrinsic ability built in to discover new digital mines at a percentage rate per annum each year. Any secondary digital mine discovery process derived from the first digital mine already discovered is covered in this innovation, this is based off of the primary principal amount in the digital mine portfolio. The core of the realestate innovation is on the digital blockchain using secondary digital mine discovery process which is continuous in nature. Realestate innovation on the Blockchain Digital Realestate property mine, mined, mining innovation Digital blockchain mine, digital mining asset, crypto currency, crypto commodity, digital mining commodity franchise, franchisee and franchisor, distribution hedge underwriting insurance model innovation in the wholesale and retail sectors The fact is this digital mine discovery actually discovers more digital mines which it uses the blockchain as the rails and a proof of stake and/or a secondary digital mine discovery process to discover those digital mines. Because they are actual digital mines which are discovered they would come under the realestate/property classification. Be it a commercial operation and/or in the wholesale sector and/or retail a portfolio of digital mines traded and/or on sold to the retail sector including being used as but not limited to security, insurance, collateral etc. This innovation sets out a new realestate and/or property model using Digital mining innovation, Bankcoin as the example, to prove that it works and has the ability to be exploited under a patent license fee agreement and/or outright bought/sold to specific entities such as but not limited to, governments, Banks, financial institutions, monetary funds, insurance industries on platforms such as but not limited to asset/commodity/stock/bond/share markets and exchanges etc. This is a blockchain innovation specifically discovered for the realestate property and insurance underwriting security, collateral markets. This is not a crypto currency nor is it an asset/commodity innovation. What we have discovered on the blockchain is an actual digital mine we can call the master franchise which can actually discover new digital mines at a pre-determined discovery percentage rate example l/10th. Because this innovation is an actual digital mine on the blockchain with secondary digital mine, mined, mining discovery capabilities which then has the ability to discover third digital mine/mines off the second discovered digital mine; which then has the ability to discover a fourth digital mine off the third discovered digital mines and so on and so forth; it is unique and innovative hence the innovation patent. As an example of this claim in a real world scenario it would be explained like this" The owners of say a copper mine in the real world would approach as an example the Bankcoin Reserve BCR (the global authority on many blockchain patent innovations which also rates these high quality assets and determines their market value/price) and ask if the BCR could discover and develop a blockchain digital copper mine discovery master franchise so that the owners of the in ground copper mine would then have multiple products which would then give them a true advantage over their competitors meaning they can sell/trade etc. with the world not just someone who needs copper as they would be able to sell the blockchain digital copper mine franchise portfolio. The copper mine franchise derived from the BCR are new copper mines the only difference is they are discovered using the blockchain. The laws around the world have determined blockchain and its derivatives to be assets/commodities this innovation takes it a step further, instead of the asset commodity being mined the core product it changes this and makes the mine itself the core product and turns it into a franchise model as this patent is not about mining, assets or commodities but about discovery of the actual mine that these assets, commodities would derive from. So it is the actual mine itself that is discovered using the blockchain that is franchised not what would typically come from as a result of having a mine meaning the asset/commodity. Which is the reason this innovation is covered under the realestate property sector also because it is the actual mines that are being discovered and then franchised. For clarity in relation to the example the in ground copper mine is a standalone mine just like the blockchain copper mine is they both have their own valuations and capacities. The point is the blockchain copper mine is not a representation of the in ground copper mine the blockchain copper mine is an actual standalone mine which will go to market in exactly the same way as the in ground mine would. The difference is the blockchain copper mine does not actually mine copper that is where this innovation is so unique hence the innovation patent what this blockchain digital copper mine will do is once the master digital copper mine franchise has been discovered and developed it will then automatically and continuously begin to discover new digital copper mines. Never before has a copper mine been able to discover another copper mine only new copper mines have been discovered separately and you have never been able to franchise these discoveries because they are too few and far between also never before have the mines been able to be sold in volume because that would mean you need a market for the actual commodity that derives from the actual mine. This blockchain franchise innovation patent takes this to a whole new level, we will use copper as the example but this could apply but not limited to: all assets, property, commodities, all debt, insurance, underwriting, all governments, treasuries, reserves, central banks, banks, financial institutions We now have the ability on the blockchain to discover a digital mine discovery master franchise This master franchise can allocate and build sub franchises which in of themselves then discovery new digital mines off the original master franchise allocation and/or acquisition. The sub franchise is global in nature because it is in the blockchain and the new mines are discovered using unique proprietary systems. blockchain digital mine discovery innovation discovery method for the realestate and/or property insurance/debt market sectors This discovers new digital mines. This discovery can be estimated as per our requirements, a new digital mine a 10th of the size of the digital mine we currently own. We estimate a 10% new digital mine discovery rate, 2nd digital mine 10% the size of the first digital mine this second digital mine also has the ability to discover new digital mines at an estimated rate of 10%. We estimate this because mining is not an exact science A simple way to look at it would be the first digital mine produces a second digital mine and that second digital mine produces a third digital mine and so forth. Also the first digital mine continues to discover new digital mines on an hourly, daily, weekly, monthly yearly and so on basis. We identify a digital mining asset/commodity on the blockchain that the market is looking for wants, needs and get to work discovering it then developing it. For clarification the first digital mine discovered on the blockchain is a physical digital mine as it is located on physical computer servers which could be located in the cloud in any country. This is an actual real time process, one in which you can take actual possession of on a computer desktop, tablet, phone, flash/storage drive/device and/or alternatively you can put it up in the cloud and either have it stored there or fully operating meaning discovering new digital mines and or simply the discovery of the assets/commodities. This innovation claim also explains that because this is an actual digital mine discovery product and process, it comes with additional advantages and one of those advantages is tax exemption in one process and a possible tax event in another. The master franchise digital mine discovery is a non-tax event obviously as we discovered a digital mine in the computer code which makes it a digital mine on the blockchain, now from this point forward is the innovation but also the non-tax and at one point the taxable event. In a sense it is also an innovation in tax automated tax collection and regulation. Because we have discovered the master digital mine franchise, from this point forward is when we can, but not limited to, allocate/distribute/sell/trade/lease/rent etc. The reason for this is the newly discovered digital mines now start to discover new digital mines on their own in their own right meaning this is not a taxable event either as the master franchise nor the franchise actually discover a product from the newly discovered digital mine because they are discovering actual new digital mines. Now this also plays out if the valuation that, as an example, Bankcoin Reserve sets for the newly discovered digital mines increases in the market place because of a peg to an asset/commodity then there would seem to be a gain made in a typical scenario, you buy an asset for $1000 and the market increases and you sell it out for $1100 that's a $100 gain therefore you could be liable for, as an example, capital gains tax of $100 however with this innovation and in this case an asset/commodity is never actually mined, what actually happens which is the core of this innovation patent is it actually discovers more digital mines which means it is the digital mines that are being discovered and therefore never mine an actual asset/commodity therefore along this new innovative process a taxable event is never reached. It looks like this: Discover new digital mine master franchise Fig 9 - 100M digital mines discovered Allocate to Franchisee 10M of those digital mines discovered now has portfolio of digital mines That portfolio of digital mines now newly discover new digital mines 1M per annum The franchisee can now sub franchise under license and sell/trade those newly discovered digital mines to a new franchisee and/or use them as security/collateral/asset/commodity depending on how the market wants to see them. If franchisee decides to sub franchise then that new portfolio of digital mines 1M will start to discover new digital mines at the rate of 100K new digital mines per annum. In this scenario we estimate 10% or l/10th of the original franchise portfolio and would contract each of the franchisees as a number for 20 years would also fully insure that digital mine discovery rate for the entire 20 years by, as an example, matching the allocation and placing it with a third party cold stored to backup and eliminate any risk that would otherwise be associated. Realestate digital mine discovery franchise innovation on the Blockchain Digital Realestate property mine, mined, mining innovation Digital blockchain mine, digital mining asset, crypto currency, crypto commodity, digital mining commodity franchise, franchisee and franchisor, distribution hedging instrument hedged item underwriting insurance model innovation in the wholesale and retail sectors Blockchain perpetual continuous new digital mine discovery franchise innovation for Governments, treasuries, central banks, banks, financial institutions, monetary funds, judicial entities, real estates, stock, bond and share markets, insurance captive underwriting institutions, public, private, wholesale and retail sectors. This blockchain digital mine discovery innovation actually discovers more digital mines while it uses the blockchain as the rails and a secondary digital mine discovery process to discover secondary digital mines. The 2nd digital mine discovers a 3rd digital mine and then a 4th then 5th which can continue discoveries indefinitely perpetual automatically all from the digital mines discovered before them. Because they are actual digital mines which are discovered they would come under the realestate/property classification. Be it a commercial operation and/or in the wholesale sector and/or retail a portfolio of digital mines traded and/or on sold to the retail sector including being used as but not limited to security, insurance, collateral etc. This innovation sets out a new realestate and/or property blockchain franchise model and has the ability to be exploited under a patent license fee agreement and/or outright bought/sold to specific entities such as but not limited to, governments, Banks, financial institutions, monetary funds, insurance industries on platforms such as but not limited to asset/commodity/stock/bond/share markets and exchanges etc. This is a blockchain digital mine discovery franchise innovation specifically designed and developed for the realestate /property, insurance/underwriting, security/collateral markets. This is not a crypto currency nor is it an asset/commodity innovation that earns interest. What we have discovered on the blockchain is an actual digital mine we can call the master franchise which can actually discover new digital mines at a pre-determined discovery percentage rate example l/10th per annum. It is estimated because mine discovery is not an exact science. This innovation is an actual digital mine discovery innovation on the blockchain which by default means it is covered under the realestate banner and in doing so we have worked out through our modelling that it can be an actual franchise. The master franchise is discovered the moment we find it and from there subsequent franchises with the same ability are discovered and then allocated and considered as per this patent as franchisees/sub franchises off the master franchise as well as off the sub franchisees themselves.. Because this innovation is an actual digital mine on the blockchain with a secondary, third, fourth, fifth unlimited and continuous digital mine discovery ability and features, discovery capabilities which then has the ability to discover a third digital mine off the second discovered franchise digital mine which then has the ability to discover fourth digital mine off the third discovered digital mines and so on and so forth. Also from the second digital mine discovery onwards we have the ability to go to an actual asset/commodity which would end the new digital mine discovery it is unique and innovative hence the innovation patent. Innovation process master franchise and sub franchises The tenement from and of the first digital mine could determine the tenement of the second digital mine being, as an example, l/10th of the first digital mines discovery rate and capability however it is a separate digital mine and therefore the second digital mine discovered could determine the tenement of the 3rd digital mine and its available discoveries and so on and so forth. This innovation also makes it possible if and when required from the second franchisee to only discover the asset/commodity. This innovation is unique as it has the ability to change the new digital mine discovery to discovering the actual assets/commodities that that digital mine would discover. This can only happen from the first franchisee onwards. Once we have made the discovery we then set out to digitally mine it on the blockchain. Once we have mined it all out it has an approximate tenement as per our market requirements, we then set out to discover new digital mines directly connected to that first digital mine which could be seen to be in nearby proximity. This new mine would be evaluated and its size and scope determined by the previous digital mine, say a 10th of the size. in layman's terms this realestate property digital mine would be similar to A. a physical digital mine. In this innovation we have discovered a digital mine using the blockchain, coupled with POS proof of stake and/or a secondary digital mine function which is realestate and/or property. B. a typical physical mine you would have assays, tenements and core samples to show an estimate of the mines capacity over time, so in our digital mine we estimate the digital mine's capacity and estimates at discovery over time. C. discovers new digital mines. In this digital mine innovation example but not limited to in its own digital mining wallet, sent to an external digital mine wallet. Main digital mine This is where all the discovered digital mines originate from. It can also be seen as the master or mother in relation to a franchise. Therefore all discovered digital mines from this point forward could be considered franchises which could be, but not limited to, sold, leased, rented, traded and could be used as, but not limited to, security, collateral, insurance, asset, commodity, etc.

3. This statistic image shows the capacity of the master mining franchise. You will see here 100,000,000 (100M) digital mines. We estimated during discovery that this master mining franchise would discover new digital mines at the rate of approximately l/10th of what they have in their digital holdings. The Bankcoin Reserve is the central authority on the origination of all master digital mine franchises and therefore franchisees covering, but not limited to, all real estate categories as well as what is considered to be property which includes assets and commodities including debt as this innovation can turn debt into an opportunity to earn by underwriting it with this realestate property digital mine innovation. What this means is the innovation can discover new digital mines in the form of the above mentioned real estate property, assets, commodities, etc. Real estate agents, property managers and brokers, Governments, treasuries, central banks, banks, financial institutions, monetary funds now have an innovative product that they can move into the marketplace. Because this innovation is a mining product, they no longer have to look for high net worth individuals nor sophisticated investors as a typical digital mine would cost millions of dollars which would be split up among multiple investors. Therefore no single investor would actually own the digital mine outright, this innovation makes that possible. But not just that, it also makes it possible for an investor to not just acquire a single digital mine, but multiple digital mines over time which they would then create and have full ownership of a portfolio of digital mines. What also happens is the digital mine that they would have just acquired will begin to discover new digital mines for them at a percentage rate the master franchise has determined at discovery time. These are huge advantages over the current digital mine acquisition process as well as the advantage of additional discoveries. Because these are digital mines all the operational costs of a typical mining operation are no longer there as they have all been embedded into the computer hardware and software. This is a real digital mine in every sense of the word, the only difference is it is more efficient, less cost, you can carry your digital mine or portfolio of digital mines around with you on a laptop, computer, tablet and even a phone, anything that the digital mine software can be installed on and/or implemented in. As you can see from the images Fig 10 - DMF FP 0001, Fig 11 - DMF FP 0002 and Fig 12 - DMF FP 0003 as DMF FP 0001 discovers new digital mines, makes new mine discoveries which are added to the portfolio, the portfolio now has digital mines available to sell/trade to someone and/or an entity that wants to acquire a digital mine discovery franchise of their own. So the deal is done and a second franchise portfolio is setup and the first franchise owner DMF FP 0001 transfers full title and ownership of the discovered digital mines to DMF FP 0002 and the same happens again when DMF FP 0002 has discovered new mines it can on sell and/or trade to a new franchise owner DMF FP 0003 as the images show. This is a somewhat endless perpetual innovation process. These franchise owners can also sell/trade back to each other in any quantity over the principle amount first which would be set in the franchise rules as to keep the integrity of the franchise in order. As the new mines are discovered they can be placed inside the same portfolio and/or they can be allocated to a new address location inside the same portfolio and/or they can be transferred directly to another franchisee and/or they can be sent to a new portfolio ready for a new franchisee. This blockchain franchise innovation takes franchising to a whole new level. Because of this innovation we have the ability and capabilities to discover new property indefinitely with no limit to actual discovery what is being discovered, when it is discovered, who, when how to transfer those newly discovered mine to the next franchisee and/or start a whole new franchise as well as sub franchises which include but are not limited to capacity of the mines, quantity of the mines both as master franchises and sub franchisees, value of the mines discovered as individual mines and as portfolios of mines which includes a 1:1 valuation basis example 1 discovered mine can start as low as $1 and climb to any value which can include using the Bankcoin Reserves valuation formula of pegging a single mine to the market price of 1 ounce of gold and/or any valuation formula the Bankcoin reserve and/or market determines. Property product and applications for Realestate market Digital mine ownership transfers consisting of multiple digital mines will be packaged into a single portfolio to allow multiple digital mines to be moved without exceeding or breaching the allowed amount of property sold without a realestate licence. So you would in fact be as an investor investing into a single digital mine and/or into a portfolio of digital mines that have these estimates and capabilities. A claim example on how this innovation can be exploited under license as an example from the Bankcoin Reserve would be but not limited to: A Government is in debt which they cannot pay down meaning they have to borrow more to pay down the debt and it is this ever spiralling set of a circumstance that can only lead to one place and that is bankruptcy. So how would this blockchain realestate digital mine innovation work in this circumstance? Let's assume the government is in debt to the tune of US$20 Trillion Dollars, as an example. We underwrite the government's debt 100% by allocation of a digital mine which discovers new digital mines classed as realestate/property in their own right and of their own right, which can take on any and all forms and can match on a 1:1 basis if required. What this means is the Government debt is Backed by and therefore underwritten by our digital mines at a 1:1 basis meaning 100% backed by property which is in the form of legitimately ruled by law as property the digital mines. Because we have the ability to allocate our digital mines at any price point we determine in this case as a number and as an example we would allocate it at no cost. What does this mean exactly? It means the government now has the ability to use the underlying underwriting master digital mine to discover new digital mines on which it can on sell into the market place and get a return on them; a new form of income revenue to the treasury. The treasury can also on sell or trade those newly discovered digital mines which as a number could be l/10th the size of the underlying underwritten amount which would be estimated at US$2T per annum in new digital mine discoveries which would be available to but not limited to sell/trade on the COMEX, and/or the central bank FED acquires them etc. If the treasury traded its newly discovered digital mines which comes under realestate/property to the central bank FED it would trade them for US Dollars, as the FED has the license to bring new money into existence which is perfectly acceptable, the difference is the FED is not doing this to the treasury in the form of debt it is doing it in the form of trade. The FED would be trading US currency Fiat for newly discovered digital mines and the FED would want to do this because those newly discovered digital mines would start to discover new digital mines for them. Meaning this is a win-win situation that only this realestate property digital mine innovation on the blockchain can achieve. To take it a step further the FED can be taxed as the new digital mines that it discovers it could monetise into US dollars meaning there could be a taxable event here which would produce new revenue for the IRS again win-win. Because of this innovation and it being applied in this way the treasury is happy because it can now pay down the debt without borrowing to do so, meaning the new digital mine discoveries are debt free and therefore interest free, the Central Bank FED is happy because now it has a new income revenue stream by monetising actual property which is in the form of digital mines and the IRS is happy because it has a new revenue income stream that was not from increased taxes. As you can see the numbers that this innovation can address/generate/capture per this example is in the range of US$2T worth of new digital mine discoveries which as an example the FED would acquire and those new digital mines would start to discover new digital mines for the fed and would amount to $200B per annum and the IRS could receive new revenue from that at the rate of as a number 10% per annum $20B meaning the entire US debt could be paid down inside 10 years debt and interest free and move them as a country into surplus. Another key area in this claim is governments can allocate their discovered mines to specific sectors of the economy along its own blockchain such as but not limited to the small medium enterprises and entrepreneurs in the form of grant funding contributing in this way would boost the private sector which could create exports and bring in new money to the economy and to take this claim a step further the government could also but not limited to allocate/lease/rent their newly discovered mines to a country which means the government would bring in new money as a percentage of what is discovered by that country this would be seen as a government export arrangement, exporting a governments surpluses which would by default boost the countries revenues sustainably and substantially. The country would not have to spend into the economy only to then take back a percentage in tax with this innovation model the government would export its new mine discovery surpluses and the return would be the gains from the newly discovered mines that the new country/government acquired and the lease payment would be in the form of fiat and/or its national currency converted exchanged to the country's currency that allocated them the surplus to use. Images "Digital Mine Franchise Portfolio DMF FP FIG 13 - 0004, FIG 14 - 0004a and Fig 15 - 0004b" show an example of this process The master franchise which had to make the master franchise discovery first would receive a license fee of, as an example, 10% per annum as would the patent holder an additional, as an example, 10% per annum. Remember neither of these fees come from an external source, they are part of when the new digital mine discoveries are monetised. Meaning they are built into the digital mine discovery model. As we have been able to clearly demonstrate, this innovation can be used and exploited to and as, but not limited to, underwrite/insure/insurance/support/security/securitise/collateral/hedge/hedging IFRS 9 etc. We have demonstrated that this innovation is an actual working blockchain digital mine and can enter many sectors and can at the same time imitate and replicate the very, but not limited to, asset/commodity/property/ that it determines and/or underwrites underwrite insurance using realestate property digital mine/ digital mines as collateral security. Underwrite/insure the realestate property in full or part with the digital mine and the 2nd digital mine that is discovered from the first digital mine will discover and produce a percentage of the same property which will be available to hold and increase over time, sell or lease. This innovation can also be used to discover any and all property tenements, acreage, and commercial domestic. Rentals property, land property, real property estate, realty assets, chattels, freehold, immoveable and buildings landed, property landholdings, lot, plot, territory, state, country, assets, commodities, currency. What this means is this product and process model could be used to underwrite and/or insure anything and everything. As a claim example of the pure innovation and complexity of this innovation goes as follows: If you had $1M of gold bullion which would be considered property as any asset/commodity would and therefore come under the scope of this innovation patent. That $1M worth of gold bullion does not give a return unless it is put at risk or the market prices rise and you have to sell down some of it to realise the gain made which leaves you with actually less than the ounce volume you had to begin with. What this innovation does is: Underwrite by allocation of a digital mine which discovers new digital mines classed as realestate/property in their own right and of their own right which can take on any and all forms of and can match on a 1:1 basis if required. A gold bullion dealer such as the Perth mint wants to get a return on its bullion investment without putting its bullion at risk. A master gold bullion digital mine discovery is found by the Master Franchise A valuation by the Master franchise under license from the Bankcoin Reserve is determined this could be $1 per digital mine and up to the actual gold ounce price per digital mine or fractions of a discovered digital mine. As per this example, to keep the numbers simple, let's say the master franchise determines the valuation of each digital mine that it discovered to be valued at $1000 which is the same as an ounce of gold on the market at this point in time, and the Bankcoin Reserve formula of the ceiling of the physical gold price in a preceding month is the floor price of the digital mine valuation in the following month meaning the price never goes down it either stays the same if the gold price on the market declines or goes up if that's what the gold market actually determines. The physical gold market is the price maker, the Bankcoin Reserve is a price taker, meaning it takes the price from the market and pegs the digital mines that it determines to this price point as it has the ability and authority to do so since it has exclusive license to the patented products. A portfolio of digital mines to the value of $1M would be allocated to underwrite the actual $1M of physical bullion in a sense underwriting the entire $1M bullion at full value full reserve 1:1. Now that sounds normal, the key difference which is where this innovation comes into it is the $1M of digital mine underwriting it now starts to discover new gold bullion digital mines at the rate of, as an example, 10% per annum and/or a 10th of the size of the primary digital mine master allocation in this instance $1M would discover digital mines to the value of $100k per annum ongoing for a term determined by the Bankcoin Reserve and/or 1M already discovered digital mines could newly discover 100k new mines and these mines be put into a franchise portfolio. This gives the physical bullion holders a return that they never otherwise would have had in the form of digital mines which can then be, but not limited to, on sold, traded, used as security, collateral free and clear etc. To be clear this is not a representation of the actual gold bullion, as regulators and law makers around the world have deemed the blockchain as the rails and what sits on it and what they do to be property, assets, commodities etc. Therefore the Digital mines that are being discovered here are legitimate digital mines in their own right and therefore outright because they can be fully demonstrated in a court of law. Anyone and everyone now has access to acquire a digital mine property and/or a digital mining operation as it is realestate, it is a world first which is why this is a global innovation patent because it applies to and is an opportunity for people from all around the world. This digital mine discovery actually discovers more digital mines while it uses the blockchain as the rails and a secondary digital mine discovery process to discover secondary digital mines then that 2nd digital mine discovers a 3rd digital mine and then a 4th then 5th which can continue indefinitely all from the digital mines discovered before it. Because they are actual digital mines which are discovered they would come under the realestate/property classification. Be it a commercial operation and/or in the wholesale sector and/or retail a portfolio of digital mines traded and/or on sold to the retail sector including being used as but not limited to security, insurance, collateral etc. This innovation sets out a new realestate and/or property franchise model to prove that it works and has the ability to be exploited under a patent license fee agreement and/or outright bought/sold to specific entities such as but not limited to, governments, Banks, financial institutions, monetary funds, insurance industries on platforms such as but not limited to asset/commodity/stock/bond/share markets and exchanges etc. This is a blockchain digital mine discovery franchise innovation specifically designed and developed for the realestate /property, insurance/underwriting, security/coI lateral markets. This is not a crypto currency nor is it an asset/commodity innovation that earns interest. What we have discovered on the blockchain is an actual digital mine we can call the master franchise which can actually discover new digital mines at a pre-determined discovery percentage rate example l/10th per annum. It is estimated because mining is not an exact science. This innovation is an actual digital mine discovery innovation which by default means it is covered under the realestate banner and in doing so we have worked out through our modelling that it can be an actual franchise. The master franchise is discovered the moment we find it and from there subsequent franchises with the same ability are allocated. Because this innovation is an actual digital mine on the blockchain with a secondary digital mine discovery feature, discovery capabilities which then has the ability to discover a third digital mine off the second discovered franchise digital mine which then has the ability to discover fourth digital mine off the third discovered digital mines and so on and so forth. Also from the second digital mine discovery onwards we have the ability to go to an actual asset/commodity which would end the new digital mine discovery it is unique and innovative hence the innovation patent. If the master franchise is discovered for a suburban housing development and each one of the franchises that comes from the master franchise underwrites a house the 1st franchise discovers l/10th of a exact same house as the discoveries can become what they underwrite. What this means is house value as an example is $1M then the exact same amount is used to underwrite it and from that point forward it begins to discover new mines/houses on the blockchain at l/10th of its capacity per annum. Over a 10 year period the home owner ends up with a portfolio of mines in this case 10/10ths of a house which equates to a full house in the portfolio which they can now trade, on sell, swap etc.. That 100% discovered over the 10 years is considered surplus to the homeowner's requirements, needs and therefore can be used to create the next franchise and the process starts all over again this time for the new franchise owner. The license and/or franchise fee would be as a number 10% which is 1% over all 10% of 10% This franchise house mines. Another example is when a shopping centre wants to acquire a franchise and or be a franchise owner we the Bankcoin Reserve discover a master franchise and we underwrite the entire shopping value as a number $1B we underwrite the shopping centre to the value of $1B and the first franchise is given to the shopping centre management. The shopping centre franchise then starts to discover new shopping centre mines at the l/10th the capacity/size of the underwritten asset. Again over the next 10 years the shopping centre franchise discovers a l/10th and it adds up to 10/10ths and/or 100% of the original underwritten value which is a portfolio comprised of new shopping centre mines which continue to discover new shopping centre mines. The portfolio of shopping centre mines can now be on sold and or traded to a new franchisee who will begin to do it all over again. The franchise license fee to be paid can also be paid in other ways such as gift cards each year 10% of the 10% discovered can be converted by the shopping centre into gift cards and/or any other value the shopping centres has available this would be negotiated with the Bankcoin reserve before the franchise is acquired. This franchise discovers shopping centre mines. This innovation now makes it possible to do Arbun on the blockchain under license agreement: Down payment; a non-refundable deposit paid by a buyer retaining a right to confirm or cancel the sale. You can also acquire a franchise and/or pay the franchise fees in anything of value per annum on the condition the Bankcoin reserve master franchise agrees and there is a market for the traded value, example but not limited to gift cards, fuel cards, oil, wool, wheat, precious metals, gemstones, property, land, buildings, boats, cars, bikes, inventory stock, stocks, shares, bonds, products, goods, services etc.. Oil Company comes to the BCR and wants to acquire an oil franchise. The BCR sets out to discover one when it finds one it then makes a master oil company franchise out of it. It then makes available to Oil Company the first franchise. It puts one or a portfolio of its oil rigs together and valuates them to as a number $1B the first shell oil franchise is then valued the same $1B what the first franchise now does is discover new oil deposits mine deposits which begins to build up a portfolio of newly discovered oil deposits on the blockchain as per our patents at a rate of as a number 20% per annum. These then become the second franchise from the master and/or the first franchise made available from the oil company franchise. This innovation now makes it possible to do Daman on the blockchain under license agreement: 1) Contract of guarantee, security or collateral; (2) Responsibility of entrepreneur/manager of a business; one of two basic relationships toward property, entailing bearing the risk of its loss; compare Amanah. Al Wadia using this Islamic Banking blockchain sharia-compliant finance innovation: Resale of goods with a discount on the original stated cost. Ijara using this Islamic Banking blockchain sharia-compliant finance innovation: A leasing agreement whereby the bank buys an item for a customer and then leases it back over a specific period. Letting on lease. Sale of a definite usufruct of any asset in exchange of definite reward. It refers to a contract of land leased at a fixed rent payable in cash and also to a mode of financing adopted by Islamic banks. It is an arrangement under which the Islamic banks lease equipments, buildings or other facilities to a client, against an agreed rental. Ijara-wa-Iqtina using this Islamic Banking blockchain sharia-compliant finance innovation: Similar to Ijara, except that the customer is able to buy the item at the end of the contract. A mode of financing, by way of Hire-purchase, adopted by Islamic banks. It is a contract under which the Islamic bank finances equipment, building or other facilities for the client against an agreed rental together with a unilateral undertaking by the bank or the client that at the end of the lease period, the ownership in the asset would be transferred to the lessee. The undertaking or the promise does not become an integral part of the lease contract to make it conditional. The rental as well as the purchase price are fixed in such a manner that the bank gets back its principal sum along with with some profit, which is usually determined in advance. Musharaka using this Islamic Banking blockchain sharia-compliant finance innovation: An investment partnership in which profit sharing terms are agreed in advance, and losses re pegged to the amount invested - basically Private Equity. Musharakah means a relationship established under a contract by the mutual consent of the parties for sharing of profits and losses in the joint business. It is an agreement under which the Islamic bank provides funds which are mixed with the funds of the business enterprise and others. All providers of capital are entitled to participate in management, but not necessarily required to do so. The profit is distributed among the partners in pre-agreed ratios, while the loss is borne by every partner strictly in proportion to respective capital contributions. Takaful using this Islamic Banking blockchain sharia-compliant finance innovation: Islamic insurance. Structured as charitable collective pool of funds based on the idea of mutual assistance. In Takaful the members are the insurers as well as the insured. Conventional insurance is prohibited in Islam because its dealings contain several "Haram" elements including Gharar and Riba, as mentioned above. This innovation now makes it possible to do AI-'Aariyah (Gratuitous loan of non-fungible objects) on the blockchain under license agreement: AI-'Aariyah means loan of a particular piece of property, the substance of which is not consumed by its use, without anything taken in exchange, In other words, it is the gift of usufruct of a property or commodity that is not consumed on use. It is different from Qard that is the loan of fungible objects which are consumed on use and in which the similar and not the same commodity has to be returned. It is also a virtuous act like Qard. The borrowed commodity is treated as liability of the borrower who is bound to return it to its owner. POSAC Proof Of Stake - Stake A Claim - A mining claim/deposit claim on the Blockchain Example Domain would be www.BlockchainFranchise.com Discover Mine deposits on the blockchain and turns them into a franchise Franchise cost and digital mine discovery rate not including 2% - 5% franchise fee per annum. $10B Franchise discovers 25% per annum 4 year payback - 5% franchise fee per annum $1B Franchise discovers 22.5% per annum 4.5 year payback 4.5% franchise fee per annum $100M Franchise discovers 20% per annum 5 year payback 4% franchise fee per annum $10M Franchise discovers 17.5% per annum 5.7 year payback 3.5% franchise fee per annum $1M Franchise discovers 15% per annum 6.7 year payback 3% franchise fee per annum $100k Franchise discovers 12.5% per annum 8 year payback 2.5% franchise fee per annum $10k Franchise discovers 10% per annum 10 year payback 2% franchise fee per annum Some examples of but not limited to franchises Islamic Banking Blockchain Murabaha Franchise Islamic Banking Blockchain Mudaraba Franchise Islamic Banking Blockchain Musharaka Franchise Islamic Banking Blockchain Ijara Franchise Islamic Banking Blockchain Sukuk Franchise Islamic Banking Blockchain Takaful Franchise This Islamic Banking Sharia Compliant Blockchain Innovation is a blockchain digital mine discovery franchise innovation specifically designed and developed for the realestate /property, insurance/underwriting, security/collateral markets. This is not a crypto currency nor is it an asset/commodity innovation that earns interest. What we have discovered on the blockchain is an actual digital mine we can call the master franchise which can actually discover new digital mines at a pre-determined discovery percentage rate example l/10th per annum. It is estimated because mine discovery is not an exact science. This Islamic Banking Sharia Compliant Blockchain Innovation is an actual digital mine discovery innovation on the blockchain which by default means it is covered under the realestate banner and in doing so we have worked out through our modelling that it can be an actual franchise. The master franchise is discovered the moment we find it and from there subsequent franchises with the same ability are discovered and then allocated and considered as per this patent as franchisees/sub franchises off the master franchise as well as off the sub franchisees themselves.. Because this Islamic Banking Sharia Compliant Blockchain Innovation is an actual digital mine on the blockchain with a secondary, third, fourth, fifth unlimited and continuous digital mine discovery ability and features, discovery capabilities which then has the ability to discover a third digital mine off the second discovered franchise digital mine which then has the ability to discover fourth digital mine off the third discovered digital mines and so on and so forth. Also from the second digital mine discovery onwards we have the ability to go to an actual asset/commodity which would end the new digital mine discovery it is unique and innovative hence the innovation patent. New Glossary of Terms as per This Islamic Banking Blockchain sharia compliant patent innovation but not limited to the following: Blockchain Mai - Wealth, money, property; any valuable thing which can be possessed on the Blockchain Blockchain Manfa'ah - Lit: benefit or utility. The yield which a property produces on the Blockchain. The term is often used by jurists to describe the Blockchain usufruct - (usage or services) associated with a given property, especially in leasing transactions. Blockchain Maysir - Games of chance or gambling, trying to earn easy money without having to provide equivalent consideration. A prohibited activity, as it is a zero-sum game just transferring the wealth not creating new wealth. One of three fundamental prohibitions in Islamic finance, the other two being riba and gharar. The prohibition on Maysir is often used as the grounds for criticism of conventional financial practices such as speculation, conventional insurance and derivatives. This Islamic Banking Blockchain innovation creates new wealth shared by the many instead of the few and addresses the criticism and issues with conventional financial practices such as speculation, conventional insurance and derivatives. Blockchain Mezzanine Debt - A hybrid of debt and equity financing that is is typically used to finance the expansion of existing companies can now be replaced by this Islamic Banking Blockchain innovation and use new wealth in the positive which takes pressure off the existing company so it can grow, expand and create new jobs. Blockchain Mudarabah, Blockchain Mudarabah Sukuk, Blockchain Mudarib, Blockchain Mufti, Blockchain Murabaha, Blockchain Murabaha Mu'ajjal, Blockchain Musaqah, Blockchain, Musharakah, Blockchain Musharakah, Permanent, Blockchain Musharakah, Diminishing, Blockchain Al-Ghurm bil Ghunm etc.. --------------------------End claim 5-----------------------