Global layer 1 programmable ledgers
AssigneeJPMorgan Chase Bank, N.A.
InventorsUmar Farooq, Naveen Mallela, Wee Kee Toh
Life of this patent
Estimating the term…
Abstract
Global layer 1 programmable ledgers are disclosed. According to an embodiment, a global layer 1 programmable ledger may include: a plurality of nodes comprising a shared capabilities and components tier comprising foundational applications and functional applications, and a financial institution applications tier comprising financial institution application, wherein the global layer 1 programmable ledger is part of a distributed ledger network; and each of the plurality of nodes is associated with a participant of a distributed ledger network, and each participant is configured to access the foundational applications and functional applications and the financial institution applications.
Claims20
A global layer 1 programmable ledger, comprising:
- a ledger core executed by a backend computer processor comprising:
- a financial institution applications tier comprising financial institution applications that are available to all participants;
- and
- a shared capabilities and components tier comprising foundational applications and functional applications that are foundational to and used by the financial institution applications;
- and
- a distributed ledger network comprising a plurality of nodes, wherein each of the plurality of nodes is executed by a computer processor and is associated with a participant of the distributed ledger network, and each participant is configured to access the foundational applications and functional applications and the financial institution applications using its respective node.
A system comprising:
- a global layer 1 programmable ledger executed by a backend computer processor, comprising:
- a financial institution applications tier comprising financial institution applications that are available to all participants;
- and
- a shared capabilities and components tier comprising foundational applications and functional applications that are foundational to and used by the financial institution applications;
- a distributed ledger network comprising a plurality of nodes in communication with the plurality of nodes, each node executed by a computer processor, wherein each of the plurality of nodes is associated with a participant of the distributed ledger network, and each participant is configured to access the foundational applications and functional applications and the financial institution applications using its respective node;
- and
- a side chain.
Dependencies are inferred from the claim text.