PATENT CLAIM ANALYSIS

Application Number: 15945097
Application Type: Utility
Filing Date: 2018-04
Publication Date: 2018-08
Patent Classification: ["705", "071000"]

Abstract:
A personal/client identification and verification process, pseudonymous system and transaction network for monitoring and restricting transactions of cryptography-based electronic money. In one embodiment, there is a legal identity-linked credential authentication protocol for providing a practical solution for issues related to cryptocurrency theft, KYC and AML, while maintaining user privacy. In other embodiments, there are mechanisms to monitor transactions for suspicious activity. A determination of AML risk and/or other risks of running afoul of financial crimes may be made, e.g., in response to a transaction, and the determination may be expressed as a risk score. In some embodiments, transactions may be held and/or reversed. In further embodiments, a client wallet within the transaction network may support multiple types of cryptocurrency and may detect transactions from or to wallets outside of the transaction network, and optionally provide an alert and/or the system may take other responsive action.

Claim (Index 11):
A system for monitoring and restricting transactions involving cryptography-based electronic money (CBEM), the system comprising:\n a system processor configured to, in order to process client identity registrations, client currency addresses, CBEM transactions:\n communicate with a client wallet to generate one or more client's permissioned currency addresses; \n approve a request for generation of one or more client's permissioned currency addresses; \n communicate with the client wallet to create one or more permissioned transactions; \n approve one or more transactions to send a unit of CBEM to a currency address; \n examine a transaction using transaction criteria defined by a central governing body or client; and \n store transaction information in a transactions database; \n wherein the system further comprises:\n one or more permissioned currency addresses;\n a permissioned transaction network; \n a client information database communicatively coupled to the system processor; \n a transactions database communicatively coupled to the system processor; and \n at least one client device provided with a client wallet; \n \n wherein the at least one client device is configured to:\n obtain permission from the system processor to generate one or more permissioned currency addresses; \n obtain permission from the system processor to create one or more permissioned transactions to send a unit of CBEM to a receiver's currency address; \n create one or more permissioned transaction to send a unit of CBEM to a receiver's currency address by signing the transaction; and \n wherein the system processor, following receiving the permissioned transaction and validation and confirmation of the permissioned transaction by the transaction network and in response to a receipt of the CBEM in the recipient's account, is configured to freeze the recipient's account from transferring CBEM in response to detection of a level of suspicion with respect to the transaction's compliance with transaction criteria defined by a central governing body or client.

Metadata:
- Claim Count in Document: 80.0
- Percentile: 91.0
- Lexical Diversity: 1.76087
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: True
- Related Applications: ['14802018', '15209714', '14938593', '15853417', '14963165']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1183409618187817
- 35 USC 102 Novelty (BERT): 0.5043766191642732
- Combined Prediction Score: 0.1569445275533309
- Mean Citation Score: 254.334688
- Max Citation Score: 264.468
- Similarity Product: 179.21124783611302

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

Dataset: test