Distributed ledger based distributed gaming system
AssigneeSpoonRead Inc.
InventorsBart Alan Meltzer, Mayank V. Vadodaria
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AssigneeSpoonRead Inc.
InventorsBart Alan Meltzer, Mayank V. Vadodaria
Estimating the term…
The technology teaches a distributed gaming system, comprising a server-side node configured to administer transactions for a gambling casino, selling and redeeming chips using a private database, and recording transactions on a distributed ledger using crypto-tokens for a house account, with a token vault wallet that has a unique identifier and private key to track transactions. Customer wallets, intermediary accounts and one-way redemption wallets track transactions on the distributed ledger. Client-side nodes accept token purchase messages and transfer tokens in the ledger and record in the database, accept token-to-chip messages from an intermediary account and transfer tokens on the ledger to the redemption wallet to extinguish and record the exchange, accept chip-to-token messages from an intermediary account and transfer tokens from the vault to the customer account and record the exchange, and accept token-to-fiat messages from an intermediary account and transfer tokens to extinguish, and record the exchange.
A distributed gaming system, comprising:
A non-transitory computer readable memory storing computer instructions for administering transactions for a gambling casino in a distributed gaming system, including selling chips and redeeming chips using a private database and a distributed ledger, comprising computer instructions to:
A method of administering transactions for a gambling casino in a distributed gaming system, including selling chips and redeeming chips using a private database and a distributed ledger, comprising:
Dependencies are inferred from the claim text.