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 26):
The method of  claim 22 , wherein the quantity of funds transferred to the user originates from a third party, the method further comprising:\n receiving authorization from the third party to transfer the quantity of funds to the user upon delivering the banknotes to the designated party, wherein the banknotes correspond to a specified value of a fiat currency, and wherein the designated party is an individual selected by the third party; verifying availability of the quantity of funds through at least one selected from a group consisting of confirming the presence of the required quantity of funds in an account or wallet associated with the third party, placing a freeze or hold on the quantity of funds in an account or wallet associated with the third party, and moving the quantity of funds into an external account or wallet; and upon the designated party receiving the banknotes and determining their authenticity, transferring the quantity of funds to an account or wallet associated with the user.

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): 0.0979488477440487
- 35 USC 102 Novelty (BERT): 0.4929463066010786
- Combined Prediction Score: 0.1374485936297517
- Mean Citation Score: 217.578966
- Max Citation Score: 247.36089
- Similarity Product: 186.4605589584946

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