PATENT CLAIM ANALYSIS

Application Number: 16008606
Application Type: Utility
Filing Date: 2018-06
Publication Date: 2019-12
Patent Classification: ["705", "079000"]

Abstract:
A first merchant node on a semi-private blockchain virtual currency exchange system is exclusively capable of creating first virtual currency units. Unaffiliated merchant node(s) are exclusively capable of creating other merchant-specific virtual currency units in the system, while customer computing devices are incapable of creating virtual currency units. The first merchant node creates and issues first virtual currency units to a first customer account associated with a first customer computing device. Upon receiving a transaction request for exchanging first virtual currency unit(s) for a second currency type between the first customer account and another customer account, the first merchant node validates the first transaction request, and creates and sends a first transaction receipt to unaffiliated merchant node(s). Upon receiving a redemption request from a customer account, the first merchant node validates the first redemption request, and creates and sends a first redemption receipt to unaffiliated merchant node(s).

Claim (Index 1):
A first merchant node on a semi-private blockchain virtual currency exchange system, the first merchant node being associated with a first merchant and comprising:\n one or more processors; and a memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the first merchant node to:\n create a plurality of first virtual currency units; \n issue, by applying a first merchant digital signature to a cryptographic hash of a previous transaction combined with a first customer public key, one or more first virtual currency units to a first customer account associated with a first customer computing device of a plurality of customer computing devices within the semi-private blockchain virtual currency exchange system, wherein the plurality of customer computing devices are respectively associated with a plurality of customers and each of the plurality of customer computing devices is incapable of creating any type of virtual currency units within the system; \n receive a first transaction request for exchanging one or more of the first virtual currency units for a second currency type between the first customer account and a second customer account associated with a second customer computing device of the plurality of customer computing devices within the system, wherein the second currency type is created by one or more second merchant nodes associated with a second merchant on the semi-private blockchain virtual currency exchange system; \n validate the first transaction request by validating a transaction history associated with the plurality of first virtual currency units being requested, the transaction history comprising one of a first customer digital signature or a first merchant digital signature; \n create a first transaction receipt after the first transaction request has been validated; \n send the first transaction receipt to one or more of the second merchant nodes for storage to record the first transaction receipt within the system; \n receive, from a point-of-sale (POS) terminal associated with the first merchant, a first redemption request to redeem one or more of the first virtual currency units from one of the first customer account, the second customer account, or a third customer account associated with a third customer computing device of the plurality of customer computing devices within the system; \n validate the first redemption request by validating a transaction history associated with the plurality of first virtual currency units being redeemed, the transaction history comprising one of the first customer digital signature, the first merchant digital signature, a second customer digital signature, or a third customer digital signature; \n create a first redemption receipt after the first redemption request has been validated; and \n send the first redemption receipt to one or more of the second merchant nodes for storage to record the first redemption receipt within the system, \n wherein the first merchant node is among one or more first nodes on the semi-private blockchain virtual currency exchange system, the plurality of first nodes being associated with the first merchant and exclusively capable of creating the first virtual currency units within the semi-private blockchain virtual currency exchange system.

Metadata:
- Claim Count in Document: 13.0
- Percentile: 94.0
- Lexical Diversity: 2.81667
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15783761', '14218763', '12704445', '15486709', '12925688']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1311630419514966
- 35 USC 102 Novelty (BERT): 0.5064973332508871
- Combined Prediction Score: 0.1686964710814356
- Mean Citation Score: 270.74509
- Max Citation Score: 293.37946
- Similarity Product: 214.96241500251529

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 0
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test