PATENT CLAIM ANALYSIS

Application Number: 16140407
Application Type: Utility
Filing Date: 2018-09
Publication Date: 2019-03
Patent Classification: ["705", "035000"]

Abstract:
The system and method disclosed herein includes a family of distributed, self-regulating, asset-tracking cryptocurrencies using blockchain technology. One embodiment, such as a computer-implemented method, may include maintaining a stable value of an asset token relative to a value of an underlying target asset. Further, the computer-implemented method may include minting the asset token in variable quantities, applying stability fees or rewards in variable quantities, and obtaining market feedback to determine the variable quantities of fees to apply, rewards to issue, and asset tokens to mint. Market feedback may include a market price of the asset token and other data obtained from exchanges and oracles. Oracles may be used in certain embodiments to report prices and support smart contracts that aid in regulating price stability. A consensus mechanism may also be used to allow participants in the decentralized system to agree on the advancement blockchain data in an orderly way.

Claim (Index 23):
A computer-implemented method for regulating a stable value of an asset token relative to a value of an underlying target asset, the method comprising:\n receiving, by a network node of plurality of network nodes, a transaction record, wherein the transaction record includes a transaction amount comprising a stability amount, a compute amount, and other transaction data; receiving, by a stability contract holder, a first portion of the stability amount; sending, to a dead-end address, a second portion of the stability amount; electing, deterministically, by a plurality of validator nodes, a proposer node; validating, by the proposer node, the transaction record; assembling, by the proposer node, a block comprising one or more pending transaction records; distributing, by the proposer node, the block comprising one or more pending transaction records; receiving, by the proposer node, a cryptographically-signed vote associated with the distributed block comprising one or more pending transaction records; and receiving, at the proposer node, feedback from an oracle to determine the variable quantities of the asset tokens to mint, wherein the feedback includes a market price of the asset token.

Metadata:
- Claim Count in Document: 41.0
- Percentile: 97.0
- Lexical Diversity: 1.86364
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['16020534', '16026943', '15960040', '14318475', '14318456']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0844867626572285
- 35 USC 102 Novelty (BERT): 0.500444042091712
- Combined Prediction Score: 0.1260824906006769
- Mean Citation Score: 217.967122
- Max Citation Score: 227.87967000000003
- Similarity Product: 157.88459426245277

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

Dataset: test