Patent AU-2016100178-A4 (AU)
Title: New stock/share/bond innovation using principle mined cryptographic currency/digital mining assets/commodities which secondary mine for stock/share/bond holders on/using the Blockchain/any chain/shared ledger on a cryptographic currency/digital mining assets/commodities exchange.
Inventor: TERRY GARY MCALISTER
IPC: G06Q40/06
Filed: 2016-02-17
Granted: 2016-03-24
Abstract: Abstract: The invention concerns cryptographic currency/digital mining assets/ commodities for use in the stock/share/bond market industry. More specifically the present invention relates to the provision of cryptographic currency/digital mining assets/commodity stock/share/ bond innovation which fundamentally changes how the stocks/shares/ bonds are discovered, issued, valuated and rated. This is an innovation that addresses what the stocks/shares/bonds now known as digital mining assets/commodities look like and how they are bought, sold and traded on a digital mining assets/ commodities Blockchain exchange. It affects proof of ownership on the Blockchain, investor returns, earnings to shareholders, settlement speed and company strength etc. This innovation is a new stocks/shares/bonds structure using digital mining assets/commodities which are the actual stocks/shares/bonds in the start-ups, businesses, companys and corporations which can then be bought/sold/traded on a new Blockchain shared ledger exchange/platform. New start-ups and existing businesses/companies/ corporations can transition from their old stocks/shares/bonds structure in the existing stocks/shares/bonds market over to this new innovative digital mining assets/commodities stocks/shares/bonds structure on a new digital mining assets/commodities Blockchain exchange. This innovation makes it possible for investors/stakeholders to acquire principle digital mining asset/commodity in a start-up, business/company/corporation in both the primary and secondary market and let their principle digital mining asset/commodity secondary mine for them on exchange and/or off exchange. This is then a new innovative way for investors/stakeholders who would now be shareholders in this new structure to get a stable return on investment without having to sell their principle stocks/ shares/bonds back into the market place. They can simply sell what their start-up/business/company/corporation principle digital mining assets/commodities stocks/shares/bonds secondary mine. This innovation has the potential to completely reshape the industry and drive huge improvements in market efficiency, settlement, security, regulatory, speed of transfer, ownership CIS, KYC, AML. We will use Bankcoin as our example of the digital mining assets/ commodities which has had its principle Bankcoin mined and is now secondary mining a percentage from 1% onwards pa from the total amount in their Bankcoin digital wallet. Example: if you acquire 1000 Bankcoins it will secondary mine up to 10% pa which equals up to 100 newly mined Bankcoins pa. So when an investor/stakeholder acquires 1000 digital mining asset/commodity stocks/shares/bonds in a start-up/business/company/corporation from the SharesX exchange for example, they will newly secondary mine 100 digital mining This digital mining asset/commodity stocks/shares/bonds innovation assists with market stability being a fixed price with the option of a floating price above that, transparency as the Blockchain is decentralised, security of ownership as investors/shareholders have full control over their digital mining asset/commodity stocks/ shares/bonds both online and offline in their own digital wallet, and minimising tax avoidance by increased transparency and regulatory oversight. Gary McAlister Terry