Some content of this application is unavailable at the moment.
If this situation persists, please contact us atFeedback&Contact
1. (GB2570469) Arrangements relating to cryptocurrency

Office : United Kingdom
Application Number: 201801275 Application Date: 26.01.2018
Publication Number: 2570469 Publication Date: 31.07.2019
Publication Kind : A
IPC:
G06Q 20/02
G06Q 20/06
G06Q 20/38
G06Q 40/04
G06Q 50/34
G07F 17/32
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
02
involving a neutral third party, e.g. certification authority, notary or trusted third party [TTP]
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
04
Payment circuits
06
Private payment circuits, e.g. involving electronic currency used only among participants of a common payment scheme
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
38
Payment protocols; Details thereof
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40
Finance; Insurance; Tax strategies; Processing of corporate or income taxes
04
Exchange, e.g. stocks, commodities, derivatives or currency exchange
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
50
Systems or methods specially adapted for a specific business sector, e.g. utilities or tourism
34
Betting or bookmaking, e.g. Internet betting
G PHYSICS
07
CHECKING-DEVICES
F
COIN-FREED OR LIKE APPARATUS
17
Coin-freed apparatus for hiring articles; Coin-freed facilities or services
32
for games, toys, sports, or amusements
CPC:
G06Q 20/023
G06Q 20/0655
G06Q 20/381
G06Q 20/382
G06Q 40/04
G06Q 50/34
G07F 17/3251
Applicants: NEUCHATEL LTD
Inventors: KARAN KHEMANI
Priority Data: 201801275 26.01.2018 GB
Title: (EN) Arrangements relating to cryptocurrency
Abstract: front page image
(EN) Executing a secure transaction comprises constructing a cryptographically verified liquidity pool 202 on a secured processor which acts as a broker or intermediary to receive, hold and pay out funds. A user 210 sets up the secure transaction 302, and a stake for the transaction is provided 304 to the liquidity pool. The secure transaction is completed within a specified time frame and produces a transaction result. The transaction result may be reviewed to determine if the result is favourable to the user. If so, the user receives 310 their stake plus a return from the liquidity pool. Otherwise, the stake is retained by the liquidity pool. A divided fee may be paid 306, 308 to the liquidity pool’s creator 204 or those who provided initial liquidity to the pool 206. The liquidity pool may be funded by either fiat currency or cryptocurrency, and may be governed by a smart contract 100 on a blockchain. The stake may be held by a temporary escrow 212 before being transferred to the liquidity pool. The method may be used to replace a human intermediary in stock or foreign currency exchanges, invoice factoring, sports betting or online casino gambling.