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 19):
The method of  claim 1 , wherein the portion of the fiat currency associated with the user comprises at least one specific serialized banknote, wherein the remote computing device is a hardware verifier to which the banknote was submitted for automated inspection, wherein the data is at least one selected from a group consisting of a transmission confirming that the hardware verifier determined that the banknote was authentic and a transmission containing sensor data captured by the hardware verifier, and wherein the validation procedure comprises confirming that the data was transmitted by the hardware verifier and that the hardware verifier was properly certified at the time it inspected the banknote.

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

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1236475486251716
- 35 USC 102 Novelty (BERT): 0.4943657875575327
- Combined Prediction Score: 0.1607193725184077
- Mean Citation Score: 217.578966
- Max Citation Score: 247.36089
- Similarity Product: 181.4187050521571

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