Systems and methods for efficient electronic token ecosystems
OwnerSamer M. EL-BIZRIinventor
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OwnerSamer M. EL-BIZRIinventor
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System and methods for improving electronic currency and distributed ledger technologies to solve price and data manipulation, control vulnerabilities, off-chain dependencies and circulation problems of electronic currency is disclosed. More particularly, the present disclosure provides technical improvements to the substantiation, issuance and circulation of electronic currency including but not limited to, issuing electronic currency at the issuer's will in single blocks of varying amounts and attributes to be circulated, transferred and used for payment on a distributed ledger network. The electronic currency of an aspect of the present disclosure are a representation of financial instruments of the issuer with legally binding obligations and rights enforceable by at least one legal jurisdiction tokenized into units of electronic currency and used to make payments. Disclosed aspects of the present disclosure provide technical solutions to price discovery and stability in relation to fiat currency; privacy protection in payment and transfer transactions; a closed loop system for the on-chain settlement of the electronic currency and financial instruments, and solves security vulnerabilities for blockchain and distribute ledger technologies including data and market manipulation, 51% control attacks and dependencies of trusted players and off-chain transactions.
A computer-based system for issuing and managing two or more electronic tokens in a computing system network wherein each of the two or more electronic tokens have one or more attributes, the computer-based system comprises:
A computer-based system for validating data on one or more distributed ledgers comprising:
A computer-based system for price discovery on a distributed ledger in a blockchain network with user accessible accounts comprising:
A computer-based system for randomizing electronic currency transfers between at least two users on a connected network comprising:
A computer-based system for transforming legally binding financial instruments into cryptocurrency, comprising:
Dependencies are inferred from the claim text.