Patent SG-11201903098X-A (SG)
Title: Multiparty reconciliation systems and methods
Inventor: JAYARAM ARJUN
IPC: G06Q20/06
Filed: 2017-09-12
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property MD HIM 01E101011M 3E1 0 011101 MIN IMI 0111 0011110 ill OEN Organization International Bureau (10) International Publication Number (43) International Publication Date ......0\" WO 2018/049423 Al 15 March 2018 (15.03.2018) WIP0 I PCT (51) International Patent Classification: malapuram; 966 Highland Terrace, Sunnyvale, California GO6Q 40/02 (2012.01) GO6Q 20/10 (2012.01) 94085 (US). GO6Q 20/02 (2012.01) HO4L 9/32 (2006.01) (74) Agent: SPONSELLER, Steven; Strategic IP Solutions, GO6Q 20/06 (2012.01) HO4L 29/06 (2006.01) LLC, 624 W. Hastings Road, Suite 3, Spokane, Washington (21) International Application Number: 99218 (US). PCT/US2017/051231 (81) Designated States (unless otherwise indicated, for every (22) International Filing Date: kind of national protection available): AE, AG, AL, AM, 12 September 2017 (12.09.2017) AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, (25) Filing Language: English DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, (26) Publication Language: English HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, (30) Priority Data: KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, 62/393,395 12 September 2016 (12.09.2016) US MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, 62/393,399 12 September 2016 (12.09.2016) US OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, 15/702,684 12 September 2017 (12.09.2017) US SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (71) Applicant: BATON SYSTEMS, INC. [US/US]; 1003 (84) Designated States (unless otherwise indicated, for every Olive Ave., Fremont, California 94539 (US). kind of regional protection available): ARIPO (BW, GH, (72) Inventors: JAYARAM, Arjun; 1003 Olive Ave., Fre- GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, _ mont, California 94539 (US). ABIDE Mohammad Taha; UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, = 308 Dawes Ct., San Ramon, California 94582 (US). MAN- TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, DELL, Daniel Craig; 100 Suffield Ave., San Anselmo, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, = California 94960 (US). SUGAVANAM, Sumithra Ka- MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, = (54) Title: MULTIPARTY RECONCILIATION SYSTEMS AND METHODS = (57) : Example multiparty reconciliation systems and methods are 100 described. In one implementation, a fmancial management system receives = = FINANCIAL INSTITUTION 1 10.0 FINANCIAL INSTITUTION 2 140 a request to transfer assets between a first principal and a second principal. The fmancial management system receives metadata identifying at least one debit and at least one credit associated with the transfer of assets. The = metadata is stored in a shared ledger that is accessible to the first princi- - — and the second State changes associated with the transfer of pal principal. = _ AUTHORIZED assets are identified and in the ledger. The fmancial man- stored shared -) SY STEM = REPLICATED DATA 114 agement system also receives additional metadata identifying payments to = its each client of the first principal and the second principal. Additionally, the ... fmancial management system communicates reconciliation data to the first = = DATA COMMUNICATION AUTHORIZED USER DEVICE 112 principal and the second principal. NETVVORK 11 .4 FINANCIAL MANAGEMENT M N 71- .-- -7 SYSTEM 1Q2 ......___—. 01 7r © --.... DATA STORE 11§ LEDGER _u.a 1-1 FIG. 1 0 r'l C [Continued on next page] WO 2018/049423 Al MIDEDIMOMOIDEIREEMOOVIMOIMINEMOVOIS TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Declarations under Rule 4.17: — as to applicant's entitlement to apply for and be granted a patent (Rule 4.17(11)) — as to the applicant's entitlement to claim the priority of the earlier application (Rule 4.17(iii)) Published: — with international search report (Art. 21(3))