Some content of this application is unavailable at the moment.
If this situation persists, please contact us atFeedback&Contact
1. (US20190228469) METHOD AND APPARATUS FOR A CONSUMER CONTROLLED, DECENTRALIZED FINANCIAL PROFILE

Office : United States of America
Application Number: 16254484 Application Date: 22.01.2019
Publication Number: 20190228469 Publication Date: 25.07.2019
Publication Kind : A1
IPC:
G06Q 40/02
G06Q 20/06
G06Q 20/36
H04L 9/06
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
02
Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
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
30
characterised by the use of specific devices
36
using electronic wallets or electronic money safes
H ELECTRICITY
04
ELECTRIC COMMUNICATION TECHNIQUE
L
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
9
Arrangements for secret or secure communication
06
the encryption apparatus using shift registers or memories for blockwise coding, e.g. D.E.S. systems
CPC:
G06Q 20/0658
G06Q 40/02
H04L 2209/38
H04L 9/0618
G06Q 20/363
Applicants: Blend Labs, Inc.
Inventors: Michael Yu
Eugene Marinelli
Nima Ghamsari
Priority Data:
Title: (EN) METHOD AND APPARATUS FOR A CONSUMER CONTROLLED, DECENTRALIZED FINANCIAL PROFILE
Abstract: front page image
(EN)

The system provides a method of storing the financial data of a consumer in a lockbox on a blockchain. The financial data is written to a lockbox by a writer (e.g. credit bureau, financial institution, data provider). The data is read by a reader (e.g. lender, investor, and the like). The blockchain technology provides security and auditing so that the information can be trusted, and any modifications can be identified and confirmed. The lockbox comprises a smart contract and SMPC group participants.