PATENT CLAIM ANALYSIS

Application Number: 15945097
Application Type: Utility
Filing Date: 2018-04
Publication Date: 2018-08
Patent Classification: ["705", "071000"]

Abstract:
A personal/client identification and verification process, pseudonymous system and transaction network for monitoring and restricting transactions of cryptography-based electronic money. In one embodiment, there is a legal identity-linked credential authentication protocol for providing a practical solution for issues related to cryptocurrency theft, KYC and AML, while maintaining user privacy. In other embodiments, there are mechanisms to monitor transactions for suspicious activity. A determination of AML risk and/or other risks of running afoul of financial crimes may be made, e.g., in response to a transaction, and the determination may be expressed as a risk score. In some embodiments, transactions may be held and/or reversed. In further embodiments, a client wallet within the transaction network may support multiple types of cryptocurrency and may detect transactions from or to wallets outside of the transaction network, and optionally provide an alert and/or the system may take other responsive action.

Claim (Index 22):
A system of personal identification and verification for monitoring and restricting transactions involving cryptography-based electronic money (CBEM), the system comprising:\n a system processor configured to, in order to process client identity registrations, client currency addresses, CBEM transactions:\n communicate with a client wallet to generate one or more client's permissioned currency addresses; \n approve a request for generation of one or more client's permissioned currency addresses; \n communicate with the client wallet to create one or more permissioned transactions; \n approve one or more transactions to send a unit of CBEM to a currency address; \n examine a transaction using transaction criteria defined by a central governing body and/or client; and \n store transaction information in a transactions database ( 413 ); \n wherein the system further comprises:\n one or more permissioned currency addresses;\n a permissioned transaction network; \n a client information database communicatively coupled to the central server; \n a transactions database communicatively coupled to the central server; and \n at least one client device provided with a client wallet; \n \n wherein the at least one client device is configured to:\n obtain permission from the central server to generate one or more permissioned currency addresses; \n obtain permission from the central server to create one or more permissioned transactions to send a unit of CBEM to a receiver's currency address; \n create one or more permissioned transaction to send a unit of CBEM to a receiver's currency address by signing the transaction; and \n wherein the system processor, in response to receiving a permissioned transaction from the client device, examines the transaction based on the transaction criteria and determines a suspicion level for a permissioned transaction and if the suspicion level is above a predetermined threshold indicating that illegal activity is likely based on predefined rules, the system processor denies the transaction, wherein the suspicion level is determined based at least in part on client information in the client information database, the transactions database, the transaction information relating of the permissioned transaction, the criteria defined by a central governing body, location of the client and location of the recipient, and external sources.

Metadata:
- Claim Count in Document: 80.0
- Percentile: 91.0
- Lexical Diversity: 1.76087
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: True
- Related Applications: ['14802018', '15209714', '14938593', '15853417', '14963165']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1184319044564188
- 35 USC 102 Novelty (BERT): 0.5033235242894571
- Combined Prediction Score: 0.1569210664397227
- Mean Citation Score: 254.334688
- Max Citation Score: 264.468
- Similarity Product: 182.54794389438632

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

Dataset: test