Patent ID: 11354734

Abstract:
System (100) operable to store loan ledger (700) operable to store data records in blockchain (600), and available balance (111) of an asset-backed digital currency. The data records comprising loan records (210) and loan payments records (220). The system further comprises processor (302) communicatively coupled to memory (304). Processor (302) may receive a request corresponding to loan record (210), requesting to store loan record (210) in loan ledger (700), and increment available balance (111) by loan's (210) principal amount (212). Processor (302) may also receive a payment request comprising loan payment record (220) associated with loan record (210), requesting to store loan payment record (220) in loan ledger (700), and decrement available balance (111) by a portion of payment amount (221) corresponding to loan principal payment (222). Whereby, system (100) provides the asset-backed digital currency having value comprising total value of loans (210) stored in loan ledger (700).