Amazon technologies, inc. (20240330428). QUORUM BASED TRANSFER OF COMPUTER-IMPLEMENTED RESOURCES simplified abstract

QUORUM BASED TRANSFER OF COMPUTER-IMPLEMENTED RESOURCES

Organization Name

amazon technologies, inc.

Inventor(s)

Ivan Velickovic of Vancouver (CA)

Steve Robert Devos of Mercer Island WA (US)

James Michael Rolette of Round Rock TX (US)

Aram Golbaghikoukia of Coquitlam (CA)

Thiago Macedo De Sousa of Langley (CA)

Vivek Mishra of Bothell WA (US)

Soumyajit Das of Everett WA (US)

Shubham Anand of Seattle WA (US)

Boo Boon Khoo of Bellevue WA (US)

QUORUM BASED TRANSFER OF COMPUTER-IMPLEMENTED RESOURCES - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240330428 titled 'QUORUM BASED TRANSFER OF COMPUTER-IMPLEMENTED RESOURCES

The abstract describes techniques and systems that can identify a request to transfer computer-implemented resources from one account to another, where the resources are managed through a separate service accessible by authorized entities. The systems can confirm approval of the transfer request and facilitate the transfer of resources to the designated account.

• Computer-implemented resources associated with a first account can be transferred to a second account.
• Resources are managed through a service accessible by authorized entities.
• The service is separate from other services managing access to the resources.
• Approval of the transfer request by authorized entities is confirmed.
• The resources are then transferred to the designated account.

Potential Applications: - Financial institutions for transferring funds between accounts - E-commerce platforms for transferring credits or rewards between user accounts - Gaming platforms for transferring virtual assets between player accounts

Problems Solved: - Streamlining the process of transferring resources between accounts - Ensuring authorization and approval for resource transfers - Enhancing security and accountability in resource management

Benefits: - Improved efficiency in transferring resources - Enhanced security measures for account management - Simplified process for users to manage their resources

Commercial Applications: Title: Secure Resource Transfer System for Financial Institutions This technology can be utilized by banks and financial institutions to securely transfer funds between accounts, improving customer experience and streamlining internal processes. The market implications include increased trust from customers and potential cost savings for financial institutions.

Questions about Secure Resource Transfer System: 1. How does this technology ensure the security of resource transfers between accounts? 2. What are the potential risks associated with transferring computer-implemented resources between accounts?

Frequently Updated Research: Stay updated on the latest advancements in secure resource transfer systems for financial institutions to ensure compliance with industry standards and regulations.

Original Abstract Submitted

described techniques and systems can identify a request to transfer one or more computer-implemented resources associated with a first computer-implemented account to a second computer-implemented account, the one or more computer-implemented resources at least in part managed through a service accessible by at least one entity selected to consider the request, the service implemented separately from another service to manage access to the one or more computer-implemented resources. also, the techniques and systems can confirm the at least one entity approved the request to transfer the one or more computer-implemented resources associated with the first computer-implemented account, and transfer the one or more computer-implemented resources to the second computer-implemented account.