PATENT CLAIM ANALYSIS

Application Number: 15750681
Application Type: Utility
Filing Date: 2018-02
Publication Date: 2018-08
Patent Classification: ["705", "039000"]

Abstract:
A digital currency whose value is tied to a fiat currency or other thing of value is created in a participant's member account by the participant depositing a fiat currency or other thing of value in a common trust account maintained by a financial institution, and in which a plurality of participants make such deposits. A central authority maintains member accounts for the participants and credits to a participant's member account an international monetary unit (“IMU”) which reflects the value of each deposit that participant makes into the common deposit account. The value of a participant's IMU or IMUs is thus determined by the amount which the participant deposits in the trust account. The IMUs may be transferred between participants and the transferred IMU may be denominated in selected sovereign currencies. Alternatively, a transferee participant may redeem an IMU for value, e.g., for a fiat currency, in which case the IMU is retired.

Claim (Index 11):
A method of transferring value between participants in an international network controlled by a central authority, the method comprising:\n each participant opening an individual member account with the central authority, the central authority applying to each member account a unique electronic membership code and supplying to each participant that participant's electronic membership code to enable each participant to access that participant's individual member account, whereby a first participant has a first member account, a second participant has a second member account and each other participant has a respective individual member account; a group of one or more financial institutions participating in the network and maintaining respective deposit accounts for at least some of the participants, the group comprising one or both of (a) a single financial institution having financial operations in two or more different countries and (b) a plurality of financial institutions having among them financial operations in two or more different countries; the first participant depositing a sum of a first sovereign currency into a first deposit account maintained in a given finance institution; the financial institution which maintains the first deposit account advising the central authority of the identity of the first participant and the value of the first deposit, the central authority thereupon creating a first international monetary unit (\u201cIMU\u201d) which records the identity of the first participant and the value of the first deposit expressed in terms of the sovereign currency deposited, and depositing the first IMU into the first member account; the first participant instructing the central authority to transfer at least a portion of the first IMU from the first member account into the second member account and specifying a second sovereign currency different from the first sovereign currency in which the transfer is to be made, the central authority thereupon creating a second IMU which records the identity of the second participant and the value of the second IMU in terms of the second sovereign currency, the central authority taking into account transfer factors in existence at the time the first member orders the transfer, the transfer factors comprising at least the foreign exchange rate between the first sovereign currency and the second sovereign currency, the central authority depositing the second IMU into the second member account, and adjusting the value of the first IMU to reflect subtraction from the first IMU of the value of the second IMU.

Metadata:
- Claim Count in Document: 62.0
- Percentile: 88.0
- Lexical Diversity: 2.20779
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14562059', '10160689', '09638560', '10470094', '13030025']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1366123430413295
- 35 USC 102 Novelty (BERT): 0.480372660866892
- Combined Prediction Score: 0.1709883748238857
- Mean Citation Score: 220.552936
- Max Citation Score: 228.68045
- Similarity Product: 180.1506179382831

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

Dataset: test