US2021264387A1PendingUtilityA1

Systems and methods of implementing blockchain technology for substantiating electronic assets

Assignee: PRIVATE LLC CPN GOLD B VPriority: Jun 28, 2016Filed: May 3, 2021Published: Aug 26, 2021
Est. expiryJun 28, 2036(~9.9 yrs left)· nominal 20-yr term from priority
H04L 9/50G06Q 20/02G06Q 20/363G06Q 20/381G06Q 40/04G06Q 20/36G06Q 20/3678G06Q 20/065G06Q 2220/00G06Q 20/0655
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Claims

Abstract

Disclosed herein are systems and methods for substantiating electronic assets managed by a blockchain network. In an exemplary aspect, a method comprises creating two nodes communicatively linked in a blockchain network, wherein at least one of the two nodes generates a block, linked to a genesis block of a blockchain, that generates a maximum possible amount of electronic assets that a memory cell of the at least one of the two nodes is capable to store. The method comprises ceasing further generation of the electronic assets by terminating the two nodes, wherein termination deletes keys used to generate the electronic assets. The method comprises transferring a substantiated portion of the electronic assets from a pre-issuance storage device to an issuance storage device and tracking on the blockchain, via a settlement blockchain network, orders made by the client devices in relation to the substantiated portion of the electronic assets.

Claims

exact text as granted — not AI-modified
1 . A method for substantiating electronic assets managed by a blockchain network, the method comprising:
 generating a genesis block in a blockchain;   creating two nodes communicatively linked in a blockchain network, wherein at least one of the two nodes generates a block, linked to the genesis block, that generates a maximum possible amount of electronic assets that a memory cell of the at least one of the two nodes is capable to store;   transferring all of the generated electronic assets to a pre-issuance storage device;   copying the blockchain into a settlement blockchain network that operates in at least one data center;   ceasing further generation of the electronic assets by terminating the two nodes, wherein termination deletes keys used to generate the electronic assets;   identifying a portion of the electronic assets that is substantiated by tangible assets contained in a reserve;   transferring the substantiated portion of the electronic assets from the pre-issuance storage device to an issuance storage device, wherein the substantiated portion of the electronic assets in the issuance storage device is accessible to client devices for ordering;   tracking on the blockchain, via the settlement blockchain network, orders made by the client devices in relation to the substantiated portion of the electronic assets; and   in response to detecting an order that exceeds the substantiated portion of the electronic assets in the issuance storage device:
 suspending execution of the detected order; and 
 when additional tangible assets are added to the reserve, transferring additional electronic assets to the issuance storage device to enable the order. 
   
     
     
         2 . The method of  claim 1 , further comprising tracking on the blockchain, via the settlement blockchain network orders made by the client devices, whether the reserve fully substantiates the electronic assets in the settlement blockchain network in relation to a need for an increase or decrease of the reserve with the tangible assets. 
     
     
         3 . The method of  claim 1 , wherein a hashing calculation that optimizes a speed of executing transactions and that minimizes calculating capacity is selected for use by the two nodes and/or the settlement blockchain network. 
     
     
         4 . The method of  claim 1 , wherein the blockchain is a private blockchain. 
     
     
         5 . The method of  claim 1 , wherein the electronic assets are generated using a proof-of-work algorithm. 
     
     
         6 . The method of  claim 1 , wherein the settlement blockchain network comprises a geographically distributed network, that operates in at least two communicatively linked nodes, placed in different data centers, wherein all nodes operating in the settlement blockchain network are controlled by a single maintenance center. 
     
     
         7 . The method of  claim 6 , wherein the settlement blockchain network is configured such that at least two nodes are available to facilitate orders of the electronic assets at all times. 
     
     
         8 . The method of  claim 1 , wherein an amount of the substantiated portion of the electronic assets transferred from the pre-issuance storage device to the issuance storage device is equal to or less than an amount of the tangible assets. 
     
     
         9 . The method of  claim 1 , wherein the settlement blockchain network is configured to allow transfer of the electronic assets between one or more client devices by the settlement blockchain network in a unit that corresponds to a value of a tangible asset. 
     
     
         10 . The method of  claim 1 , further comprising handling the orders made by the client devices by:
 transferring a portion of the substantiated portion of the electronic assets from the issuance storage device to a client device in response to receiving a payment from the client device.   
     
     
         11 . The method of  claim 1 , further comprising handling the orders made by the client devices by:
 transferring, from a client device, a portion of the substantiated electronic assets to the issuance storage device and in response transferring a payment to the client device.   
     
     
         12 . A system for substantiating electronic assets managed by a blockchain network, the system comprising a hardware processor configured to:
 generate a genesis block in a blockchain;   create two nodes communicatively linked in a blockchain network, wherein at least one of the two nodes generates a block, linked to the genesis block, that generates a maximum possible amount of electronic assets that a memory cell of the at least one of the two nodes is capable to store;   transfer all of the generated electronic assets to a pre-issuance storage device;   
       copying the blockchain into a settlement blockchain network that operates in at least one data center;
 cease further generation of the electronic assets by terminating the two nodes, wherein termination deletes keys used to generate the electronic assets; 
 identify a portion of the electronic assets that is substantiated by tangible assets contained in a reserve; 
 transfer the substantiated portion of the electronic assets from the pre-issuance storage device to an issuance storage device, wherein the substantiated portion of the electronic assets in the issuance storage device is accessible to client devices for ordering; 
 track on the blockchain, via the settlement blockchain network, orders made by the client devices in relation to the substantiated portion of the electronic assets; and 
 in response to detecting an order that exceeds the substantiated portion of the electronic assets in the issuance storage device:
 suspend execution of the detected order; and 
 when additional tangible assets are added to the reserve, transfer additional electronic assets to the issuance storage device to enable the order. 
 
 
     
     
         13 . The system of  claim 12 , wherein the hardware processor is configured to track on the blockchain, via the settlement blockchain network orders made by the client devices, whether the reserve fully substantiates the electronic assets in the settlement blockchain network in relation to a need for an increase or decrease of the reserve with the tangible assets. 
     
     
         14 . The system of  claim 12 , wherein a hashing calculation that optimizes a speed of executing transactions and that minimizes calculating capacity is selected for use by the two nodes and/or the settlement blockchain network. 
     
     
         15 . The system of  claim 12 , wherein the blockchain is a private blockchain. 
     
     
         16 . The system of  claim 12 , wherein the electronic assets are generated using a proof-of-work algorithm. 
     
     
         17 . The system of  claim 12 , wherein the settlement blockchain network comprises a geographically distributed network, that operates in at least two communicatively linked nodes, placed in different data centers, wherein all nodes operating in the settlement blockchain network are controlled by a single maintenance center. 
     
     
         18 . The system of  claim 17 , wherein the settlement blockchain network is configured such that at least two nodes are available to facilitate orders of the electronic assets at all times. 
     
     
         19 . The system of  claim 12 , wherein an amount of the substantiated portion of the electronic assets transferred from the pre-issuance storage device to the issuance storage device is equal to or less than an amount of the tangible assets. 
     
     
         20 . A non-transitory computer-readable medium storing computer-executable instructions for substantiating electronic assets managed by a blockchain network, by an issuance center executable by a computer processor, including instructions for:
 generating a genesis block in a blockchain;   creating two nodes communicatively linked in a blockchain network, wherein at least one of the two nodes generates a block, linked to the genesis block, that generates a maximum possible amount of electronic assets that a memory cell of the at least one of the two nodes is capable to store;   transferring all of the generated electronic assets to a pre-issuance storage device;   copying the blockchain into a settlement blockchain network that operates in at least one data center;   ceasing further generation of the electronic assets by terminating the two nodes, wherein termination deletes keys used to generate the electronic assets;   identifying a portion of the electronic assets that is substantiated by tangible assets contained in a reserve;   transferring the substantiated portion of the electronic assets from the pre-issuance storage device to an issuance storage device, wherein the substantiated portion of the electronic assets in the issuance storage device is accessible to client devices for ordering;   tracking on the blockchain, via the settlement blockchain network, orders made by the client devices in relation to the substantiated portion of the electronic assets; and   in response to detecting an order that exceeds the substantiated portion of the electronic assets in the issuance storage device:
 suspending execution of the detected order; and 
 when additional tangible assets are added to the reserve, transferring additional electronic assets to the issuance storage device to enable the order.

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