PATENT CLAIM ANALYSIS

Application Number: 16256838
Application Type: Utility
Filing Date: 2019-01
Publication Date: 2019-08
Patent Classification: ["705", "069000"]

Abstract:
Novel tools and techniques are provided for implementing digital currency, and, more particularly, to methods, systems, and apparatuses for implementing digital currency tied to physical precious metals. In various embodiments, a computing system might receive a request from a user for a digital currency transaction; might validate a blockchain containing a hash of a first block, the first block comprising a first identifier associated with a first piece of a precious metal; might add a block to the blockchain, the added block comprising a second identifier associated with the user and a timestamp of the transaction; might encrypt the added block with a cryptographic hash; and might update the blockchain across a plurality of digital currency data stores. In some cases, the computing system might generate a first block of a blockchain by adding received identifier associated with the first piece of the precious metal.

Claim (Index 22):
The apparatus of  claim 13 , wherein the piece of the precious metal is physically stored in a secure vault with other pieces of precious metals.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 99.0
- Lexical Diversity: 2.43939
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['15417072', '15498374', '16232976', '14711740', '15211111']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.105725805110148
- 35 USC 102 Novelty (BERT): 0.5238354575570038
- Combined Prediction Score: 0.1475367703548336
- Mean Citation Score: 150.61738
- Max Citation Score: 161.15126
- Similarity Product: 67.25855218205571

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

Dataset: test