PATENT CLAIM ANALYSIS

Application Number: 16209626
Application Type: Utility
Filing Date: 2018-12
Publication Date: 2019-05
Patent Classification: ["705", "050000"]

Abstract:
The present invention relates to a securities trading system that utilizes a distributed blockchain ledger to conduct security transactions. Users are provided with cryptographic wallets that enable the users to access a peer-to-peer network of computing nodes on which the distributed blockchain ledger is managed. The securities made available through the network may be stored directly on the blockchain ledger itself. Smart contracts may be utilized to transfer the securities among the users and to verify that all transactions are in compliance with applicable regulatory rules and other restrictions.

Claim (Index 11):
A computer program product for managing securities over a network, the computer program product comprising a non-transitory computer-readable medium including codes for causing a computer device to:\n communicate with a plurality of computing devices over a peer-to-peer communication network that maintains a decentralized blockchain ledger for tracking and recording security transactions; receive at least a portion of the decentralized blockchain ledger comprising a distributed database that records information associated with security transactions that occur on the peer-to-peer communication network; and store a cryptographic wallet that includes encryption protocols for securely maintaining a virtual portfolio of securities, the cryptographic wallet at least including:\n a first set of protocols for issuing securities, wherein the first set of protocols are configured to store the securities directly on the decentralized blockchain ledger by utilizing a cryptographic hashing algorithm that appends one or more blocks to the decentralized blockchain ledger, the one or more blocks at least including base security documents associated with the securities, sets of security rules comprising regulations and restrictions governing the securities, and ownership identifiers which identify one or more owners of the securities, and \n a second set of protocols for transferring ownership of the securities to other cryptographic wallets stored on other computing devices in the peer-to-peer communication network; \n wherein the first set of protocols and second set of protocols are configured to:\n update the distributed database associated with the decentralized blockchain ledger to issue and transfer the securities; and \n execute the security transactions using a consensus-based protocol that requires at least a portion of the plurality of computing devices to agree upon the security transactions and to append the one or more blocks to the decentralized blockchain ledger.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 98.0
- Lexical Diversity: 1.55
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15960040', '14528289', '15078768', '15828052', '16160161']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1046120434972005
- 35 USC 102 Novelty (BERT): 0.4988937702998854
- Combined Prediction Score: 0.144040216177469
- Mean Citation Score: 247.60294
- Max Citation Score: 282.4005
- Similarity Product: 230.80504264730217

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

Dataset: test