Patent SG-11201906784R-A (SG)
Title: Systems and methods for issuing and tracking digital tokens within distributed network nodes
Inventor: CZUPEK ANDREW
IPC: G06Q40/00
Filed: 2017-12-19
Abstract: FIG. 1 1-1 C Third-Par y Transaction Server Application Server Distributed Network Nodes (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 09 August 2018 (09.08.2018) WIP0 I PCT o °nolo Homo mil OH Em oinio oimIE (10) International Publication Number WO 2018/144151 Al (51) International Patent Classification: G06Q 40/00 (2012.01) G06Q 20/00 (2012.01) (21) International Application Number: PCT/US2017/067173 (22) International Filing Date: 19 December 2017 (19.12.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 62/455,510 06 February 2017 (06.02.2017) US 15/845,801 18 December 2017 (18.12.2017) US (71) Applicant: NORTHERN TRUST CORPORATION [US/US]; 50 South Lasalle Street, Chicago, IL 60603 (US). (72) Inventors: CZUPEK, Andrew; 50 South Lasalle Street, Chicago, IL 60603 (US). MONKS, Andrew; 50 South Lasalle Street, Chicago, IL 60603 (US). STEVENS, An- thony; 50 South Lasalle Street, Chicago, IL 60603 (US). DAS, Arijit; 50 South Lasalle Street, Chicago, IL 60603 (US). PRICE, Christopher; 50 South Lasalle Street, Chicago, IL 60603 (US). CHAPMAN, Justin; 50 South Lasalle Street, Chicago, IL 60603 (US). HANNAWAY, Wayne; 50 South Lasalle Street, Chicago, IL 60603 (US). SMITH, Zabrina; 50 South Lasalle Street, Chicago, IL 60603 (US). (74) Agent: SOPHIR, Eric; Dentons US LLP, P.O. Box 061080, Wacker Drive Station, Willis Tower, Chicago, IL 60606 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, 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, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, 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, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, 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. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, 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, SK, SM, (54) Title: SYSTEMS AND METHODS FOR ISSUING AND TRACKING DIGITAL TOKENS WITHIN DISTRIBUTED NET- WORK NODES (57) : Systems and methods described herein may gen- erate a digital payment token associated with a payor-user indi- cating the status of a payment obligation of the payor-user. The systems and methods may generate a first block containing the digital payment token and append the first block to a blockchain. The systems and methods may receive a confirmation message from a third-party transaction server that the payor-user has ei- ther fully or partially fulfilled his or her payment obligation. Based upon the confirmation message, the systems and methods may retrieve the block containing the digital payment token and update the digital payment token to generate an updated digital payment token. The system and methods may generate a second block containing the updated digital payment token to supersede the first block and append the second block to the blockchain. The updated digital payment token may indicate that the digital payment token has expired. [Continued on next page] WO 2018/144151 Al MIDEDIMOMOIDEIRDEIDIOMOIDHOIVOIEHIIIIIIIIIIE11111111 TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3))