PATENT CLAIM ANALYSIS

Application Number: 16261478
Application Type: Utility
Filing Date: 2019-01
Publication Date: 2019-08
Patent Classification: ["705", "069000"]

Abstract:
A system and method for bootstrapping a cryptographic ledger based on stake in a fiat currency. Stake can be verified using proof of cash systems involving anti-spoofing, anti-counterfeiting, and remote verification and transaction functionality. Stake can further or otherwise be verified using proof of balance systems involving verification of one or more balances using a service of a financial institution or data provider. These systems, together or separately, can be utilized to implement a cryptographic currency and application platform enabling financial transaction and general computing capabilities, in accordance with various embodiments of the invention.

Claim (Index 1):
A method for basing a state of a digital ledger on a user's stake in a fiat currency, comprising:\n receiving, from a remote computing device, data indicating that a portion of a fiat currency was associated with the user at one or more times; verifying, based on a defined validation procedure, authenticity of at least some of the data received; determining, based on the authenticated data, a stake in the fiat currency attributed to the user; and altering the state of the digital ledger based on the stake in the fiat currency.

Metadata:
- Claim Count in Document: 26.0
- Percentile: 99.0
- Lexical Diversity: 1.63492
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15960040', '14611136', '16020534', '15040466', '16147483']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0977213755391439
- 35 USC 102 Novelty (BERT): 0.4958355173856481
- Combined Prediction Score: 0.1375327897237943
- Mean Citation Score: 217.578966
- Max Citation Score: 247.36089
- Similarity Product: 179.07378290362183

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

Dataset: test