Patent SG-11201808178V-A (SG)
Title: Digital asset account management
Inventor: GADDAM SIVANARAYANA
IPC: G06Q20/38
Filed: 2017-05-03
Abstract: 104 .......... ......... DIGITAL ASSETS DATABASE 115 RESOURCE PROVIDER SERVICE SYSTEM 111 CONSUMER SERVICE SYSTEM 112 AUTHORIZATION SERVICE SYSTEM 113 DIGITAL ASSET ACCOUNT MANAGEMENT SERVICE SYSTEM 10 SETTLEMENT SERVICE SYSTEM 114 1-1 O GC O 71- O GC O 1-1 C (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 04 January 2018 (04.01.2018) W I PO I PCT °mons onolo olonmEloioloiloiflom oimIE (10) International Publication Number WO 2018/004820 Al (51) International Patent Classification: G06Q 20/06 (2012.01) G06Q 20/38 (2012.01) G06Q 20/36 (2012.01) (21) International Application Number: PCT/US2017/030869 (22) International Filing Date: 03 May 2017 (03.05.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 15/195,797 28 June 2016 (28.06.2016) US (71) Applicant: VISA INTERNATIONAL SERVICE ASSOCIATION [US/US]; P.O. BOX 8999, San Francisco, California 94128 (US). (72) Inventors: GADDAM, Sivanarayana; 3770 Flora Visa Avenue, #307, Santa Clara, California 95051 (US). PRAKASH, Gyan; 1106 Admiralty Lane, Foster City, Cal- ifornia 94404 (US). GADDAM, Ajit; 1245 Lakeside Dri- ve, Unit 3016, Sunnyvale, California 94085 (US). KUM- NICK, Phillip; 1607 E. Briarwood Terrace, Phoenix, Ari- zona 85048 (US). WANG, MM; 428 8th Avenue, Men- lo Park, California 94025 (US). GALLAND, Dean; 18713 Metler Court, Saratoga, California 95070 (US). (74) Agent: TAKAGI, Moeka et al.; Kilpatrick Townsend & Stockton LLP, 1100 Peachtree Street, #2800, Atlanta, Geor- gia 30309 (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, (54) Title: DIGITAL ASSET ACCOUNT MANAGEMENT 100 FIG. 1 (57) : Systems and methods related to a cryptocurrency system that enables transactions to be performed by transferring digital assets corresponding to amounts between appropriate entities are described. The cryptocurrency system includes a digital assets service provider computer that can host digital asset accounts associated with consumers and resource providers at which digital assets can be received. Consumers can be unbanked and use their digital asset account to perform cashless transactions. In one exemplary transaction, a consumer can receive change for the transaction as a digital asset that is assigned to their digital asset account. In another exemplary transaction, the consumer can use digital assets assigned to their digital asset account to pay for the transaction. Transfers of digital assets between accounts is managed by a ledger of transactions, which may be in the form of a block chain that cryptographically secures data that is stores. [Continued on next page] WO 2018/004820 Al MIDEDIMOMOIDEIREEMONONIVEIDEIHMOVOIMIE HR, HU, ID, IL, IN, IR, IS, 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, 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))