Patent SG-11201903337Y-A (SG)
Title: Application of distributed ledgers for network payments as financial exchange settlement and reconciliation
Inventor: HALLAM JONATHAN C
IPC: G06Q40/06
Filed: 2017-10-30
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property 1#11101111 0 11101 HOE 3E1 0 0111E1111H 1101 111111101111011011# Organization International Bureau (10) International Publication Number (43) International Publication Date ......0\" WO 2018/081698 Al 03 May 2018 (03.05.2018) WIP0 I PCT (51) International Patent Classification: York, NY 10017 (US). FALAH, Samer; 270 Park Av- G06Q 20/36 (2012.01) G06Q 40/06 (2012.01) enue, New York, NY 10017 (US). LEE, William J.; 270 G06Q 40/04 (2012.01) Park Avenue, New York, NY 10017 (US). LIM, Leticia Pui Sze; 270 Park Avenue, New York, NY 10017 (US). (21) International Application Number: PCT/US2017/059015 SANT'ANNA, Luciane Gomes; 270 Park Avenue, New York, NY 10017 (US). (22) International Filing Date: (74) Agent: KING, Robert A. et al.; Hunton and Williams LLP, 30 October 2017 (30.10.2017) 2200 Pennsylvania Avenue, NW, Washington, DC 20037 (25) Filing Language: English (US). (26) Publication Language: English (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, (30) Priority Data: AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, 62/414,398 28 October 2016 (28.10.2016) US CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, (71) Applicant: JPMORGAN CHASE BANK, N. A. DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, [US/US]; 270 Park Avenue, New York, NY 10017 (US). HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, — (72) Inventors: HALLAM, Jonathan C.; 270 Park Avenue, MG, MK, MN, MW, WC, MY MZ, NA, NG, NI, NO, NZ, New York, NY 10017 (US). MALLELA, Naveen; 270 OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, Park Avenue, New York, NY 10017 (US). LONSDALE, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, Gavin; 270 Park Avenue, New York, NY 10017 (US). TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. DRAKE, Lawrence Charles; 270 Park Avenue, New York, NY 10017 (US). VALIVETI, Sai Murali Krishna; (84) Designated States (unless otherwise indicated, for every = 270 Park Avenue, New York, NY 10017 (US). AQUINO, kind of regional protection available): ARIPO (BW, GH, Elizabeth Polanco; 270 Park Avenue, New York, NY GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, = — 10017 (US). VOELL, David; 270 Park Avenue, New York, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, = NY 10017 (US). SHETTY, Suresh; 270 Park Avenue, New TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, = Title: APPLICATION OF DISTRIBUTED LEDGERS FOR NETWORK PAYMENTS AS FINANCIAL EXCHANGE SET- (54) AND RECONCILIATION TLEMENT (57) : Systems and methods for the application of distributed _ Cleanng house 1 ledgers for network payments as financial exchange settlement and recon- - Wk.. ciliation are disclosed. In one embodiment, a method for processing net- = -4.- J I I i JIL I.6 work payments using a distributed ledger may include: (1) a payment orig- = Originator Bank inator initiating a payment instruction to a payment beneficiary; (2) a pay- ment originator bank posting and committing the payment instruction to Massagingnewok - = — , Central bank 1 a distributed ledger on a peer-to-peer network; (3) the payment beneficia- ry bank posting and committing the payment instruction to the distributed = - = J 1 . III ledger on a peer-to-peer network; and (4) the payment originator bank val- Correspondent idating and processing the payment through a payment originator bank in- = Bank 1 ternal system and debiting an originator account. _ = MeeeegIne network = . Central bank 2 k 1 :d i II Correspondent iI Bank 2 11 Messaging network GC , Cleanng house 2 : • 1-1 I 1 1 VIII Benefitlary BeneflOary Bank © \ ... 1-1 FIGURE 1 0 ei (Prior Art) C [Continued on next page] WO 2018/081698 Al MIDEDIMOMMIDIRDIERIONIMIEHRIMEHMOVON EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, SK, SM, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3))