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US Patent 11062366 Securely processing exchange items in a data communication system

Patent 11062366 was granted and assigned to Raise (financial technology) on July, 2021 by the United States Patent and Trademark Office.

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Contents

Is a
Patent
Patent

Patent attributes

Patent Applicant
Raise (financial technology)
Raise (financial technology)
Current Assignee
Raise (financial technology)
Raise (financial technology)
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11062366
Date of Patent
July 13, 2021
Patent Application Number
15208451
Date Filed
July 12, 2016
Patent Citations Received
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US Patent 12125026 Multi-signature verification network
0
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US Patent 11386423 Multi-signature verification network
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US Patent 11861637 System of demand modeling and price calculation based on interpolated market price elasticity functions
0
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US Patent 11928673 Multi-signature verification network
0
Patent Primary Examiner
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Michelle T Kringen
Patent abstract

A method begins with storing, by an enterprise storage, an exchange item database, an agreements database, and a rules database. The method continues with an enterprise server initially validating exchange items and creating records in the exchange item database for validated exchange items, where each of the exchange items includes data regarding a quantifiable value, a serial number, and issuance information. The method continues with the enterprise server securely transferring a selected exchange item from a first computing device to a second computing device in accordance with an offer for sale of the selected exchange item and securely applying the selected exchange item to a closed loop digital transaction between two computing entities in accordance with an agreement of the agreements database. The method continues with the enterprise server securely modifying the data of the selected exchange item in accordance with an applicable set of rules from the rules database.

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