QUANT BLOCKCHAIN BANKING SOLUTIONS LLC (20240242189). SYSTEM AND METHOD TO MANAGEMENT A CRYPTOGRAPHIC BANKING NETWORK simplified abstract

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SYSTEM AND METHOD TO MANAGEMENT A CRYPTOGRAPHIC BANKING NETWORK

Organization Name

QUANT BLOCKCHAIN BANKING SOLUTIONS LLC

Inventor(s)

Julio Alfredo Ramirez Acosta of Caracas (VE)

Juan Jose Delgaddo Alvare of Miami FL (US)

Felipe Antonio D'onofrio Ramirez of Lecheria (VE)

Pedro Fernando Sandoval Sayago of Lecheria (VE)

[[:Category:Angel Argenis Mel�ndez Cardoza of Baruta Caracas (VE)|Angel Argenis Mel�ndez Cardoza of Baruta Caracas (VE)]][[Category:Angel Argenis Mel�ndez Cardoza of Baruta Caracas (VE)]]

SYSTEM AND METHOD TO MANAGEMENT A CRYPTOGRAPHIC BANKING NETWORK - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240242189 titled 'SYSTEM AND METHOD TO MANAGEMENT A CRYPTOGRAPHIC BANKING NETWORK

The present solution involves a system and methods for managing a network involving a bank, a client, and a regulatory body, with operating protocols including the creation of a cryptographic asset mirror of cryptocurrency and a management interactive node for the asset.

  • Creation of a cryptographic asset mirror of cryptocurrency
  • Management interactive node for the cryptographic asset
  • Involvement of at least a bank, a client, and a regulatory body in the network
  • Operating protocols for managing the network
  • Crypto-assets clearance chamber for the solution

Potential Applications: - Financial institutions - Regulatory bodies - Cryptocurrency exchanges

Problems Solved: - Efficient management of cryptocurrency assets - Enhanced security through cryptographic protocols - Streamlined communication between banks, clients, and regulatory bodies

Benefits: - Increased transparency in asset management - Reduced risk of fraud and unauthorized transactions - Improved regulatory compliance

Commercial Applications: Title: Cryptocurrency Asset Management System This technology can be used by financial institutions to streamline cryptocurrency asset management processes, ensuring compliance with regulatory requirements and enhancing security.

Questions about Cryptocurrency Asset Management System: 1. How does the creation of a cryptographic asset mirror benefit the management of cryptocurrency assets? 

  - The creation of a cryptographic asset mirror allows for real-time tracking and monitoring of cryptocurrency assets, enhancing transparency and security.

2. What role does the crypto-assets clearance chamber play in the network management system? 

  - The crypto-assets clearance chamber facilitates the efficient clearance and settlement of cryptocurrency transactions, ensuring compliance with regulatory standards.


Original Abstract Submitted

the present solution relates to a system and methods to management a network where participate at least a bank, at least a client, and at least a regulatory body, whereas a series of operating protocols of said network, comprising; the creation of a cryptographic asset mirror of cryptocurrency, a management interactive node of said cryptographic asset. a crypto-assets clearance chamber for this solution is also disclosed.

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