System for off-chain management, distribution and auditing of decentralized cryptocurrency

One or more computer storage media storing computer executable instructions which when executed on a system that is separate from a cryptocurrency system implement a method for off-chain management, distribution and auditing of decentralized cryptocurrency, the method comprising:

• receiving, by an application programming interface (API) server of the system, a request to create an organization data structure in the system for an organization, the request to create the organization data structure identifying a cryptocurrency that the organization would like to use to create off-chain tokens within the system;
• creating, by the API server, an organization data structure that defines the organization in the system;
• interfacing, by the API server, with a wallet API server of the cryptocurrency system to create a cryptocurrency wallet in the cryptocurrency system for the organization;
• storing, by the API server, an address of the cryptocurrency wallet in the organization data structure;
• receiving, by the API server, a request to create a batch of off-chain tokens in the system for the organization, the request to create the batch of off-chain tokens identifying a number of the off-chain tokens in the batch and a value of each of the off-chain tokens in the batch;
• using, by the API server and via the wallet API server, the address of the cryptocurrency wallet stored in the organization data structure to access the cryptocurrency wallet in the cryptocurrency system to determine whether the cryptocurrency wallet stores sufficient cryptocurrency for a total value of the off-chain tokens in the batch;
• in response to determining via the wallet API server that the cryptocurrency wallet stores sufficient cryptocurrency for the total value of the off-chain tokens in the batch, creating, by the API server, the batch of off-chain tokens in the system, wherein creating the batch of off-chain tokens in the system includes creating or updating one or more batch data structures in the system to associate the value of the off-chain tokens in the batch with the cryptocurrency for the organization that is stored in the cryptocurrency wallet such that the off-chain tokens in the batch are defined in the system separately from and independent of the cryptocurrency in the cryptocurrency wallet in the cryptocurrency system;
• in conjunction with creating the batch of off-chain tokens in the system, creating or updating, by the API server, one or more token issuer data structures in the system to define one or more token issuers for the batch of off-chain tokens;
• receiving, by the API server, a request from a first employee of the organization to issue an off-chain token within the system;
• in response to the request from the first employee, accessing, by the API server, the one or more token issuer data structures to determine that the first employee is defined in the system as a token issuer for the batch of off-chain tokens;
• in response to determining that the first employee is defined in the system as a token issuer for the batch of off-chain tokens, presenting, to the first employee and via a client device of the first employee, an option to issue within the system and independent of the cryptocurrency in the cryptocurrency wallet an off-chain token from the batch of off-chain tokens to another employee;
• receiving, by the API server, a request for a second employee of the organization to receive an off-chain token within the system and independent of the cryptocurrency in the cryptocurrency wallet;
• in response to the request from the second employee, generating, by the API server, a code by which the second employee may receive an off-chain token within the system and independent of the cryptocurrency in the cryptocurrency wallet;
• presenting, to the second employee and via a client device of the second employee, the code to thereby allow the second employee to use the client device of the second employee to share the code with the first employee via the client device of the first employee;
• after the second employee uses the client device of the second employee to share the code with the first employee via the client device of the first employee, receiving, by the API server, the code from the client device of the first employee;
• in response to receiving the code presented to the second employee from the client device of the first employee, issuing, within the system, the off-chain token from the batch of off-chain tokens to the second employee such that the off-chain token is issued within the system independently of the cryptocurrency stored in the cryptocurrency wallet in the cryptocurrency system;
• receiving, by the API server, a request from the second employee to withdraw the first off-chain token in the system;
• accessing, by the API server, withdrawal rules associated with the batch of off-chain tokens to determine whether the second employee is allowed to withdraw the first off-chain token in the system;
• in conjunction with determining that the second employee is allowed to withdraw the first off-chain token in the system, using, by the API server and via the wallet API server, the address of the cryptocurrency wallet stored in the organization data structure to access the cryptocurrency wallet to withdraw the value of the first off-chain token from the cryptocurrency wallet;
• and
• using, by the API server and via the wallet API server, an address of a cryptocurrency wallet of the second employee to deposit the value of the first off-chain token in the cryptocurrency wallet of the second employee.