Stablecoin as a medium of exchange on a blockchain-based transaction network
AssigneeCeres Coin LLC
InventorsJohn Gregory Anderson, Charles Henry Uchill, Sean McNamara
Life of this patent
Estimating the term…
Abstract
Aspects of this disclosure relate to various systems and methods for use in a regulated industry and using an SEC qualified stablecoin as a store of value and medium of exchange on a blockchain-based transaction network. The system includes a stablecoin blockchain system with a stablecoin blockchain framework, a stablecoin ecosystem, and a stablecoin blockchain transaction network. The stablecoin blockchain system facilitates transactions between stablecoin blockchain participants within the stablecoin ecosystem. The stablecoin ecosystem conducts transactions across a stablecoin blockchain transaction network and a distributed blockchain ledger.
Claims20
A system for providing a blockchain-based network for supply chain tracking, the system comprising:
- at least one user device and a server for an entity in network communication with a blockchain-based platform, the server comprising a processor and a cache, the cache for reducing memory latency and access time;
- a blockchain network operating on the blockchain-based platform;
- a distributed blockchain ledger operating on the blockchain network, wherein the blockchain network posts and validates one or more transactions between the entity and one or more participants in an ecosystem on the distributed blockchain ledger;
- and
- a Securities Exchange Commission (SEC) registered stablecoin used as a medium of exchange for one or more transactions between the entity and one or more participants with the entity, wherein the one or more transactions include transferring the SEC registered stablecoin for a product,
- wherein the blockchain network provides supply chain tracking based on a financial movement for the one or more transactions with the SEC registered stablecoins on the distributed blockchain ledger.
A system for providing a blockchain-based network for supply chain tracking, the system comprising:
- at least one user device and a server for an entity in network communication with a blockchain-based platform, the server comprising a processor and a cache, the cache for reducing memory latency and access time;
- a blockchain network operating on the blockchain-based platform;
- a distributed blockchain ledger operating on the blockchain network, wherein the blockchain network posts and validates one or more transactions between the entity and one or more participants in an ecosystem on the distributed blockchain ledger;
- and
- a Securities Exchange Commission (SEC) registered stablecoin used as a medium of exchange for the one or more transactions between the entity and the one or more participants, wherein the one or more transactions include transferring the SEC registered stablecoin for a product,
- wherein the distributed blockchain ledger captures and maintains an immutable record of all transactions of the product utilized with the SEC registered stablecoin,
- wherein the blockchain network provides supply chain tracking based on a financial movement for the one or more transactions with the SEC registered stablecoins on the distributed blockchain ledger,
- wherein the supply chain tracking includes one or more product recalls, wherein the product recalls are tracked down to an individual customer level by utilizing the blockchain-based platform and the distributed blockchain ledger.
A system for providing a blockchain-based network for supply chain tracking, the system comprising:
- at least one user device and a server for an entity in network communication with a blockchain-based platform, the server comprising a processor and a cache, the cache for reducing memory latency and access time;
- a blockchain network operating on the blockchain-based platform;
- a distributed blockchain ledger operating on the blockchain network, wherein the blockchain network posts and validates one or more transactions between the entity and one or more participants in an ecosystem on the distributed blockchain ledger;
- and
- a Securities Exchange Commission (SEC) registered stablecoin used as a medium of exchange for the one or more transactions between the entity and the one or more participants, wherein the one or more transactions include transferring the SEC registered stablecoin for a product and the product is a legal Cannabis product purchased from a legal dispensary,
- wherein the blockchain network provides supply chain tracking based on a financial movement for the one or more transactions with the SEC registered stablecoins on the distributed blockchain ledger,
- wherein the supply chain tracking includes a chain of custody tracking for all of the transactions with the SEC registered stablecoin from a seed-to-sale supply chain from a dispensary to a final purchase of the legal Cannabis product.
Dependencies are inferred from the claim text.