View source for 18616176. SETTLEMENT AND APPROVAL SERVICE simplified abstract (TRETE Inc.)

=SETTLEMENT AND APPROVAL SERVICE=


==Organization Name==

[[:Category:TRETE Inc.|TRETE Inc.]]


[[Category:TRETE Inc.]]

==Inventor(s)==

[[:Category:Damien Patton of Plano TX (US)|Damien Patton of Plano TX (US)]][[Category:Damien Patton of Plano TX (US)]]

[[:Category:Christian Gratton of Eaton Rapids MI (US)|Christian Gratton of Eaton Rapids MI (US)]][[Category:Christian Gratton of Eaton Rapids MI (US)]]

==SETTLEMENT AND APPROVAL SERVICE - A simplified explanation of the abstract==


This abstract first appeared for US patent application 18616176 titled 'SETTLEMENT AND APPROVAL SERVICE

'''Simplified Explanation''': 
The patent application describes a system and method for determining whether to throttle or kill a sale of shares of an asset using a settlement approval service. This involves checking the approval status of the buyer and seller, as well as verifying the validity of the shares offered for sale.

* Querying a transfer agent to determine if the buyer of shares is approved
* Querying a transfer agent to determine if the seller of shares is approved
* Verifying the validity of the shares offered for sale
* Approving the sale of shares if the buyer, seller, and shares are all approved

'''Key Features and Innovation''':
* Utilizing a settlement approval service to streamline the process of approving share sales
* Automating the verification of buyer and seller approval status
* Enhancing security and trust in asset transactions by validating the shares offered for sale

'''Potential Applications''':
* Financial markets
* Real estate transactions
* Art and collectibles sales

'''Problems Solved''':
* Ensuring that only approved buyers and sellers participate in asset transactions
* Preventing fraudulent sales of invalid shares

'''Benefits''':
* Increased efficiency in approving share sales
* Enhanced security and trust in asset transactions
* Reduction of fraudulent activities in the market

'''Commercial Applications''':
Title: "Enhancing Asset Transaction Approval Process with Settlement Approval Service"
This technology can be applied in financial institutions, investment firms, and online trading platforms to streamline the approval process for asset transactions, improving security and efficiency in the market.

'''Prior Art''':
Readers can explore prior art related to settlement approval services, asset transaction approval systems, and automated verification processes in financial markets.

'''Frequently Updated Research''':
Stay updated on advancements in settlement approval services, blockchain technology in asset transactions, and regulatory changes in financial markets.

'''Questions about Asset Transaction Approval with Settlement Approval Service''':
1. How does this technology impact the speed of asset transactions?
2. What are the potential risks associated with relying on a settlement approval service for asset sales?


==Original Abstract Submitted==

A system and method for determining whether to throttle or kill a sale of shares of an asset using a settlement approval service, including querying, by a settlement approval service, a transfer agent whether a buyer of shares of an asset is approved; querying, by the settlement approval service, a transfer agent whether a seller of shares of the asset is approved; based on the buyer and the seller being approved, querying, by the settlement approval service, the transfer agent as to whether the shares offered for sale are valid; and based on determining, by the settlement approval service, that the shares are valid, approving, by the settlement approval service, the sale of shares of the asset.



[[Category:G06Q40/04]]
[[Category:G06Q20/42]]
[[Category:G06Q40/06]]
[[Category:CPC_G06Q40/04]]