US Patent Application 18233489. INFRASTRUCTURE FOR MAINTAINING MATH-BASED CURRENCY ACCOUNTS simplified abstract
Contents
INFRASTRUCTURE FOR MAINTAINING MATH-BASED CURRENCY ACCOUNTS
Organization Name
Inventor(s)
Ashish B. Kurani of Hillsborough CA (US)
INFRASTRUCTURE FOR MAINTAINING MATH-BASED CURRENCY ACCOUNTS - A simplified explanation of the abstract
This abstract first appeared for US patent application 18233489 titled 'INFRASTRUCTURE FOR MAINTAINING MATH-BASED CURRENCY ACCOUNTS
Simplified Explanation
The abstract describes a banking system that uses math-based currency (MBC) and maintains customer accounts.
- The system has a network interface for data transmission.
- It includes a ledger that holds information about customer accounts.
- A processor is used to update the ledger based on MBC transactions involving customers.
Original Abstract Submitted
A banking system of a financial institution maintains a plurality of customer accounts in math-based currency (“MBC”). The system includes a network interface configured to facilitate data transmission over a network. The system includes a ledger including information relating to the plurality of customer accounts associated with a plurality of customers. The system includes a processor configured to update information contained in the ledger relating to the plurality of customer accounts based on the occurrences of MBC transactions involving the plurality of customers.
