PATENT CLAIM ANALYSIS

Application Number: 15750681
Application Type: Utility
Filing Date: 2018-02
Publication Date: 2018-08
Patent Classification: ["705", "039000"]

Abstract:
A digital currency whose value is tied to a fiat currency or other thing of value is created in a participant's member account by the participant depositing a fiat currency or other thing of value in a common trust account maintained by a financial institution, and in which a plurality of participants make such deposits. A central authority maintains member accounts for the participants and credits to a participant's member account an international monetary unit (“IMU”) which reflects the value of each deposit that participant makes into the common deposit account. The value of a participant's IMU or IMUs is thus determined by the amount which the participant deposits in the trust account. The IMUs may be transferred between participants and the transferred IMU may be denominated in selected sovereign currencies. Alternatively, a transferee participant may redeem an IMU for value, e.g., for a fiat currency, in which case the IMU is retired.

Claim (Index 15):
A system for transferring value, the system comprising:\n a network of a plurality of participants, a central authority, each participant having a member account maintained by the central authority, and a group of one or more financial institutions, the group comprising one or both of (a) a single financial institution having financial operations in two of more different geographic areas, and (b) a plurality of financial institutions having among them financial operations in two or more different geographic areas; the financial institutions maintaining respective deposit accounts for receiving deposits of local sovereign currency made by a plurality of participants into a common one of the deposit accounts; an electronic communications system connecting the participants; a data processing system managed by the central authority and connected to the communications system, the data processing system being capable of: (a) receiving from the financial institutions information identifying the individual depositors of deposits of sovereign currency into a common one of the deposit accounts, and creating for each depositor a unique identity and access code and an international monetary unit (\u201cIMU\u201d), the value of the IMU being based on the value of each depositor's individual deposit in the common deposit account and being expressed in terms of the amount of local sovereign currency deposited by the individual depositor; (b) receiving instructions from individual transferor depositors to transfer all or part of such depositor's IMU to a transferee participant; (c) recording in the data base all such transfers and adjusting the values of the IMUs of the participants who are parties to a transfer, and adjusting the value of IMUs which are redeemed in whole or in part, and (d) advising participants of the adjustment of the value of their respective IMUs.

Metadata:
- Claim Count in Document: 62.0
- Percentile: 88.0
- Lexical Diversity: 2.20779
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14562059', '10160689', '09638560', '10470094', '13030025']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1365365552533596
- 35 USC 102 Novelty (BERT): 0.4810517292611032
- Combined Prediction Score: 0.1709880726541339
- Mean Citation Score: 220.552936
- Max Citation Score: 228.68045
- Similarity Product: 178.75298224103153

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

Dataset: test