PATENT CLAIM ANALYSIS

Application Number: 16008606
Application Type: Utility
Filing Date: 2018-06
Publication Date: 2019-12
Patent Classification: ["705", "079000"]

Abstract:
A first merchant node on a semi-private blockchain virtual currency exchange system is exclusively capable of creating first virtual currency units. Unaffiliated merchant node(s) are exclusively capable of creating other merchant-specific virtual currency units in the system, while customer computing devices are incapable of creating virtual currency units. The first merchant node creates and issues first virtual currency units to a first customer account associated with a first customer computing device. Upon receiving a transaction request for exchanging first virtual currency unit(s) for a second currency type between the first customer account and another customer account, the first merchant node validates the first transaction request, and creates and sends a first transaction receipt to unaffiliated merchant node(s). Upon receiving a redemption request from a customer account, the first merchant node validates the first redemption request, and creates and sends a first redemption receipt to unaffiliated merchant node(s).

Claim (Index 10):
A first merchant system for operation within a semi-private blockchain virtual currency exchange system the first merchant system comprising:\n one or more first merchant nodes comprising one or more first processors; a point-of-sale (POS) terminal comprising one or more POS terminal processors; and one or more memories in communication with the one or more first processors and the one or more POS terminal processors and storing instructions that, when executed by the one or more first processors and one or more POS terminal processors, are configured to cause the first merchant system to:\n generate, by the one or more first processors, a plurality of first virtual currency units, the first merchant node being associated with a first merchant; \n issue, by the one or more first processors by applying a first merchant digital signature to a cryptographic hash of a previous transaction combined with a first customer public key, one or more of the first virtual currency units to a first customer account associated with a first customer computing device of a plurality of customer computing devices within the system, wherein the plurality of customer computing devices are respectively associated with a plurality of customers and each of the plurality of customer computing devices is incapable of generating first virtual currency units or second virtual currency units; \n receive, at the one or more first processors, a first transaction request for transferring one or more of first virtual currency units from the first customer account to a second customer account associated with a second customer computing device of the plurality of customer computing devices within the semi-private blockchain virtual currency exchange system; \n validate, at the one or more first processors, the first transaction request by validating a transaction history associated with the plurality of first virtual currency units being requested the transaction history comprising one of a first customer digital signature or a first merchant digital signature; \n generate, at the one or more first processors, a first transaction receipt after the first transaction request has been validated; \n transmit the first transaction receipt to one or more second merchant nodes on the system for storage to update a record of first virtual currency transactions within the system, the one or more second merchant nodes being associated with a second merchant and capable of creating one or more of the second virtual currency units; \n receive, at the one or more first processors, a second transaction request for a second transaction transferring one or more of first virtual currency units from the second customer account to a third customer account associated with a third customer computing device of the plurality of customer computing devices within the system; \n validate, at the one or more first processors, the second transaction request by validating a transaction history associated with the plurality of first virtual currency units being requested, the transaction history comprising one of the first customer digital signature, a second customer digital signature, or the first merchant digital signature; \n generate, at the one or more first processors, a second transaction receipt after the second transaction request has been validated; \n transmit the second transaction receipt to the one or more second merchant nodes on the system for storage to update the record of second virtual currency transactions within the system; \n receive, at one or more POS terminal processors of the POS terminal, a first redemption request to redeem one or more of the first virtual currency units from one of the first customer account, the second customer account, or a third customer account associated with a third customer computing device of the plurality of customer computing devices within the system, wherein the POS terminal is associated with the first merchant; \n validate, at the one or more first processors, the first redemption request by validating a transaction history associated with the plurality of first virtual currency units being redeemed, the transaction history comprising one of the first customer digital signature, the second customer digital signature, a third customer digital signature, or the first merchant digital signature; \n generate, at the one or more first processors, a first redemption receipt after the first redemption request has been validated; and \n transmit the first redemption receipt to at least the one or more second merchant nodes on the system for storage to update the record of first virtual currency redemptions within the system.

Metadata:
- Claim Count in Document: 13.0
- Percentile: 94.0
- Lexical Diversity: 2.81667
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15783761', '14218763', '12704445', '15486709', '12925688']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1308341015045222
- 35 USC 102 Novelty (BERT): 0.510914168110144
- Combined Prediction Score: 0.1688421081650843
- Mean Citation Score: 270.74509
- Max Citation Score: 293.37946
- Similarity Product: 193.7171332551956

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

Dataset: test