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 16):
A first merchant node on a semi-private blockchain virtual currency exchange system, the first merchant node being associated with a first merchant and comprising:\n one or more processors; and a memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the first merchant node to:\n create a plurality of first virtual currency units, wherein the first merchant node is exclusively capable of creating the first virtual currency units within the system; \n issue one or more of the first virtual currency units to one or more of a plurality of customer accounts each associated with one of a plurality of customer computing devices within the system; \n create an issuance receipt after the one or more first virtual currency units have been issued; \n send the issuance receipt to a randomly-identified subset of a plurality of second merchant nodes for storage to record the issuance receipt within the system, the plurality of second merchant nodes being unassociated with the first merchant and incapable of creating the first virtual currency units within the system; \n receive one or more transaction requests for transferring one or more of first virtual currency units between two or more of the customer accounts; \n validate each of the transaction requests by validating each transaction history associated with the plurality of first virtual currency units being requested, wherein the transaction history comprises one or more digital signatures associated with each previous first currency holders; \n create a transaction receipt after each of the transaction requests has been validated; \n send each of the transaction receipts to a first randomly-identified subset of the plurality of second merchant nodes for storage to record the transaction receipts within the system; \n receive one or more redemption requests to redeem one or more of the first virtual currency units from one of the customer accounts; \n validate each of the redemption requests by validating a transaction history associated with the plurality of first virtual currency units being redeemed, wherein the transaction history comprises one or more digital signatures associated with each previous first currency holders; \n create a redemption receipt after the redemption request has been validated; and \n send the redemption receipt to a second randomly-identified subset of the plurality of second merchant nodes for storage to record the redemption receipt 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): 0.1310526680232789
- 35 USC 102 Novelty (BERT): 0.5079783315027759
- Combined Prediction Score: 0.1687452343712286
- Mean Citation Score: 270.74509
- Max Citation Score: 293.37946
- Similarity Product: 207.83949054349185

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