SG11201906547XA - Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system - Google Patents

Abstract

INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 19 July 2018 (19.07.2018) WI P0 I PCT omit Ill °nolo Em oimIE (10) International Publication Number WO 2018/132552 Al W O 20 18/ 13 255 2 Al 100 (51) International Patent Classification: G06Q 40/00 (2012.01) (21) International Application Number: PCT/US2018/013289 (22) International Filing Date: 11 January 2018 (11.01.2018) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 62/446,185 13 January 2017 (13.01.2017) US (71) Applicant: JPMORGAN CHASE BANK, N.A. [US/US]; 270 Park Avenue, New York, NY 10017 (US). (72) Inventors: MOY, Christine; 270 Park Avenue, New York, NY 10017 (US). BI, Franklin; 270 Park Avenue, New York, NY 10017 (US). DOCKX, Alex; 270 Park Avenue, New York, NY 10017 (US). SHULMAN, David; 270 Park Avenue, New York, NY 10017 (US). GASBARRO, Vincent; 270 Park Avenue, New York, NY 10017 (US). MARTIN, Paul; 270 Park Avenue, New York, NY 10017 (US). LOBBAN, Tyrone; 270 Park Avenue, New York, NY 10017 (US). (74) Agent: KING, Robert, A. et al.; Bunton and Williams LLP, 2200 Pennsylvania Avenue, NW, Washington, DC 20037 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (54) Title: SYSTEMS AND METHODS FOR MANAGEMENT OF ASSET OR OBLIGATION-BACKED VIRTUAL RECEIPTS = ON A DISTRIBUTED SYSTEM Figure 1 Custodian (135) Asset Originator Depositary Entity Issuing Entity (110) (130) (120) Distributed Ledger (140) Virtual Receipt Holder (150) Potential Virtual Receipt Holder (160) (57) : Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed. According to one embodiment, in an information processing apparatus for a depositary entity comprising at least one computer processor, a method for managing asset or obligation-backed virtual receipts on a distributed system may include (1) receiving confirmation of a deposit of an underlying asset, wherein the deposit encumbers the underlying asset; (2) receiving authorization to issue a virtual receipt for the deposited underlying asset; and (3) executing issuance of the virtual receipt by writing the transaction to a distributed ledger. [Continued on next page] WO 2018/132552 Al MIDEDIM011010EIREEM0M01110011111111111111111111111111111111 (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3))