Cryptographic currency for securities settlement

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United States of America Patent

PATENT NO 9704143
SERIAL NO

14528289

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Abstract

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The present disclosure is directed to security settlement in financial markets and cryptographic currencies. Particular portions of the present disclosure are directed to a cryptographic currency protocol and to a cryptographic currency that includes a positional item. The cryptographic currency protocol supports a virtual wallet that, in various embodiments, is a security and cash account for storing and managing the cryptographic currency. Opening a transaction via the virtual wallet to transfer the cryptographic currency is a strong guarantee of the availability of funds in the virtual wallet because, e.g., funds are not transacted unless the commit phase is successful.

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Patent Owner(s)

Patent OwnerAddress
GOLDMAN SACHS & CO LLC200 WEST STREET NEW YORK NY 10282

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Venables, Phil J New York, US 6 363
Walker, Paul New York, US 53 1375

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