PATENT CLAIM ANALYSIS

Application Number: 16510926
Application Type: Utility
Filing Date: 2019-07
Publication Date: 2020-01
Patent Classification: ["705", "035000"]

Abstract:
An apparatus, including a database which stores information regarding accounts, and information regarding whether or not each account can be utilized to effectuate payment for a total cost of a transaction; a computer; a distributed ledger and Blockchain technology system; and a receiver. The receiver receives one or more transaction authorization requests regarding the transaction. The computer determines whether an account identified in an authorization request can be utilized to effectuate payment of the total cost. If the account is not allowed to effectuate payment for the total cost, the computer disallows the transaction if the account is presented to effectuate payment for the total cost. If the computer determines that the account is not presented to effectuate payment for the total cost, then the distributed ledger and Blockchain technology system processes each authorization request and determines if the transaction is authorized or unauthorized.

Claim (Index 2):
An apparatus, comprising:\n a central processing computer; and a distributed ledger and Blockchain technology system; wherein the central processing computer stores information regarding a relationship between an account holder and a counterparty and creates a smart contract, wherein the distributed ledger and Blockchain technology system effectuates a settlement regarding the relationship when conditions regarding the smart contract are satisfied and effectuates a repayment of funds and a payment of interest to an account of the account holder.

Metadata:
- Claim Count in Document: 3.0
- Percentile: 100.0
- Lexical Diversity: 2.6
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15812886', '10045080', '15720878', '16132160', '12653867']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1182805413951705
- 35 USC 102 Novelty (BERT): 0.4992743924789089
- Combined Prediction Score: 0.1563799265035443
- Mean Citation Score: 248.081528
- Max Citation Score: 265.01904
- Similarity Product: 194.03965019325256

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