Patent ID: 11907933
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 16:
17. One or more non-transitory computer-readable storage media having instructions stored thereon that, when executed by at least one processing circuit, cause the at least one processing circuit to:
when the at least one processing circuit determines transaction information corresponds to a credit transaction:
mine an amount of MBC corresponding to an amount of fiat currency within a wallet account on a permissioned blockchain system;
increase the amount of MBC in an MBC account according to the mined amount of MBC;
credit, via a communications network, a fiat account of the customer according to the amount of fiat currency when the at least one processing circuit determines that the transaction information is the credit transaction;

when the at least one processing circuit determines the transaction information corresponds to a debit transaction and the at least one processing circuit debits the amount of fiat currency in the fiat account of the customer:
decrease the amount of MBC in the MBC account of the customer, corresponding to the amount of fiat currency; and
burn once the amount of MBC has been decreased from the MBC account of the customer, an MBC amount within the wallet account.