Patent ID: 11966974
Assignee: BLACKSTAR ENTERPRISE GROUP, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 17:
18. A computer-implemented method of preparing for a SEC financial statement audit of a publicly traded company, that issues SEC regulated equities, by recording corporate governance information on an immutable blockchain, the method comprising:
in real time, with trading software executing on a digital trading platform:
drafting general corporate matters by the publicly traded company and recording the general corporate matters after creation or after a material change, wherein the general corporate matters comprise at least four of
articles of incorporation, bylaws, board of director minutes, contractual obligations and commitments, lease agreements—operating or capital, purchase agreements, annual corporate filings for state regulatory purposes, employment agreements or contracts, consulting agreements or contracts, litigation matters involving the company, corporate acquisition agreements or valuation reports, debt or equity agreements; and a list of company shareholders;

encrypting at least a portion of the recording of the general corporate matters as encrypted data, wherein the at least a portion comprises identifiable information, such that the identifiable information is accessible only with a decryption key;
storing the encrypted data of the general corporate matters on a blockchain, such that the recording creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
drafting and recording financial and accounting matters by the publicly traded company at least every 30 days, wherein the financial and accounting matters comprise
detail trail balance, general ledger, journal entries not system generated, draft financial statements, cash flow and EPS (earnings per share) schedules, internal control and changes, cash accounts—bank statements and reconciliations as of end of period, repaid expenses—documentation of additions and period amortization/write-offs, receivables—documentation for changes from prior period and analysis of collectability, accounts payable aging, accrued expenses detail listing, notes payable, equity transactions, and revenue;

encrypting at least a portion of the recording of the financial and accounting matters as encrypted data, wherein the at least a portion comprises identifiable information, such that the identifiable information is accessible only with the decryption key;
storing the encrypted data of the financial and accounting matters on a blockchain, such that the recording creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
drafting and recording tax filing maters by the publicly traded company within the time requirements specified by the tax deadlines or after a material change, wherein the tax filing matter comprise
annual filings for federal and state tax authorities, local tax filings—sales tax, and Employment tax filings—quarterly and annual;

encrypting at least a portion of the recording of the tax filing matters as encrypted data, wherein the at least a portion comprises identifiable information, such that the identifiable information is accessible only with the decryption key;
storing the encrypted data of the tax filing matters on a blockchain, such that the recording creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
drafting, completing, and recording SEC filing matters by the publicly traded company within the time requirements specified by the SEC deadlines or after a material change, wherein the SEC filing matters comprise
filing form 10K, filing form 10Q, filing form 8K, registration statements, private placement offering memorandums, and press releases;
encrypting at least a portion of the SEC filing matters as encrypted data, wherein the at least a portion comprises identifiable information, such that the identifiable information is accessible only with the decryption key;

storing the encrypted data of the SEC filing matters on a blockchain, such that the recording creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
creating a list of certificate holders that have access to the decryption key; and
designating an SEC auditor as a certificate holder who has access to the decryption key of the publicly traded company on the immutable blockchain.