System and method for creating, vaulting, transferring and controlling transferable electronic records with unique ownership

A system for securely vaulting, auditing, controlling and transferring electronic transferable records (TRs) with unique ownership, said electronic transferable record having been created with a secure document creation system, wherein said system comprises:

• at least one registry for registering said electronic transferable record with unique ownership in a TR registry record;
• at least one secure storage manager associated with said registry, said Secure-Storage Manager (SSM) storing said transferable record registered in said registry as an authoritative copy, said secure storage manager being distinct from said registry;
• means for registering participants with said system, said participants including said registry, said SSM and a plurality of secured parties, each of said secured parties being represented by at least one representative, each of said participants being provided with an access key pair;
• wherein said transferable record can be transferred in a transaction between an originating party and a receiving party with a transaction descriptor, said transaction descriptor including information about the parties involved in said transaction and an identification of said TR being transferred, said transaction descriptor being initially signed by said originating party with said TR, subsequently verified and countersigned by said registry and signed by said accepting party, said transaction descriptor, upon completion of said transaction, being stored in said TR registry record.