Patent SG-11201804538U-A (SG)
Title: Systems and methods for improving security in blockchain-asset exchange
Inventor: VOORHEES ERIK
IPC: G06Q20/38
Filed: 2016-11-30
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property -' Organization International Bureau ires.. 00) (43) International Publication Date .... ....r .....) 8 June 2017 (08.06.2017) W I P0 1 PCT (10) WO International Publication Number 111111111111311111111111111111111111111111111111111111111111111111111311111111111111111 2017/095833 Al (51) International Patent Classification: BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, G06Q 20/38 (2012.01) DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KN, KP, KR, (21) International Application Number: KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, PCT/US2016/064056 MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, (22) International Filing Date: OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, 30 November 2016 (30.11.2016) 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, (25) Filing Language: English ZW. (26) Publication Language: English (84) Designated States (unless otherwise indicated, for every (30) Priority Data: kind of regional protection available): ARIPO (BW, GH, 62/261,011 30 November 2015 (30.11.2015) US GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, (72) Inventor; and TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, (71) Applicant : VOORHEES, Erik [US/US]; 35 Snowberry DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, Way, Dillon, CO 80435 (US). LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, (74) Agent: SOPHIR, Eric; Dentons US LLP, P.O. Box 061080, Wacker Drive Station, Wills Tower, Chicago, IL GW, KM, ML, MR, NE, SN, TD, TG). 60606 (US). Published: (81) Designated States (unless otherwise indicated, for every — with international search report (Art 21(3)) kind of national protection available): AE, AG, AL, AM, with amended claims (Art. 19(1)) AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, Title: SYSTEMS AND METHODS FOR IMPROVING SECURITY IN BLOCKCHAIN-ASSET EXCHANGE (54) (57) : The embodiments described herein comprise Customer Device hardware improvements in blockchain-asset and software ex- change technology, whereby one or more servers automatic- 100 ally, based on a set of predetermined rules, executes a mech- 107 blockchain-asset to anism allowing exchange customers place standing-limit or market orders for blockchain-based digital assets (e.g., cryptocurrencies) with a counter-party, NE TWORK but The 102 without counter-party risk. counter-party will not re- ceive the payment until the customer's exchange order has executed, and the customer has taken possession and owner- the desired asset. The reverse - ship of customer cannot pay Transaction from 103 Database ment or otherwise rescind the payment the coun- 105 ter-party once the customer receives the desired asset. The Exchange Service 101 systems and methods use blockchain databases, multi signa- ture key signing procedures, and a transparent, objective, automated, rules-based software agent t manage and NETWORK 102 autonomously transfer of digital blockchain-based as- govern sets in a multi-party exchange scenario, without risk of asset - loss and without the discretion of any human actor. . 4t M 109 M Counter-Party Device GC In C\ 0 FIG. 1 —..„ It-- 1-1 0 N 0