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 1):
A method of transferring value between specific participants in a network of a plurality of participants, the network being controlled by a central authority which maintains a central data processing system, the method comprising:\n each participant opening an individual member account with the central authority, the central authority applying to each member account a unique electronic membership code, whereby a first participant has a first individual member account, a second participant has a second individual member account, and so on;\n a group of one or more participating financial institutions participating in the network and maintaining respective common deposit accounts into any of which a plurality of participants may deposit a sovereign currency; \n the first participant depositing a sum of sovereign currency as a first deposit into a first deposit account maintained in a given financial institution; \n the financial institution which maintains the first deposit account advising the central authority of the identity of the first participant and the value of the first deposit, the central authority thereupon creating a first international monetary unit (\u201cIMU\u201d), recording in the data processing system a first data entry comprising at least the identity of the first participant and the value of the first deposit expressed in terms of the sovereign currency deposited, and depositing the first IMU into the first member account, and providing the first data entry information to the first participant; \n the first participant instructing the central authority to transfer at least a portion of the first IMU from the first member account into the second member account and specifying the sovereign currency in which the transfer is to be made, the central authority thereupon creating a second IMU and recording in the data processing system a second data entry comprising at least the identity of the second participant and the value of the second IMU in terms of the sovereign currency specified by the first participant, the central authority depositing the second IMU into the second member account, and adjusting the value of the first IMU to reflect subtraction from the first IMU of the value of the second IMU, and the central authority providing at least some of the second data entry information to both the first participant and the second participant.

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): 0.1369108391657748
- 35 USC 102 Novelty (BERT): 0.4777018346653956
- Combined Prediction Score: 0.1709899387157369
- Mean Citation Score: 220.552936
- Max Citation Score: 228.68045
- Similarity Product: 185.6489782171905

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