18616180. TRANSACTION FLOW WITH MASTER ACCOUNT LEDGER AND ESCROW LEDGER simplified abstract (TRETE Inc.)
Contents
TRANSACTION FLOW WITH MASTER ACCOUNT LEDGER AND ESCROW LEDGER
Organization Name
Inventor(s)
Damien Patton of Plano TX (US)
Christian Gratton of Eaton Rapids MI (US)
TRANSACTION FLOW WITH MASTER ACCOUNT LEDGER AND ESCROW LEDGER - A simplified explanation of the abstract
This abstract first appeared for US patent application 18616180 titled 'TRANSACTION FLOW WITH MASTER ACCOUNT LEDGER AND ESCROW LEDGER
The patent application describes a system and method for completing a sale of digital shares representing an interest in an asset on an exchange, facilitated by a transfer agent.
- Registering a user on the exchange by the transfer agent.
- Presenting an interface to the user to select an interest in an asset to sell.
- Communicating with a broker dealer to transmit a sell contract to the user.
- Pairing a buyer with the user to sell the interest in the asset.
- Executing a sale of digital shares representing the interest in the asset.
Potential Applications: - Facilitating the sale of digital shares representing assets on exchanges. - Streamlining the process of matching buyers and sellers in digital asset transactions.
Problems Solved: - Simplifying the process of selling digital shares representing assets. - Enhancing the efficiency of asset transactions on exchanges.
Benefits: - Improved user experience in selling digital shares. - Increased efficiency in matching buyers and sellers on exchanges.
Commercial Applications: Title: "Efficient Digital Asset Sales System for Exchanges" This technology could be utilized by digital asset exchanges to enhance the process of buying and selling digital shares representing assets, potentially attracting more users and increasing transaction volumes.
Questions about the technology: 1. How does the system ensure secure transactions between buyers and sellers? 2. What measures are in place to prevent fraudulent activities in the sale of digital shares?
Original Abstract Submitted
A system and method for completing a sale of digital shares representing an interest in an asset in an exchange, wherein the exchange comprising a transfer agent, includes registering, by the transfer agent, a user on an exchange; presenting to the user, by the transfer agent an interface allowing the user to select an interest in an asset to sell; communicating, by the transfer agent, with a broker dealer to transmit a sell contract to the user; pairing, by the transfer agent, a buyer with the user to sell the interest in the asset to the buyer; and executing, by the transfer agent, a sale of digital shares representing the interest in the asset.
