| CPC G06Q 20/108 (2013.01) [G06Q 20/065 (2013.01); G06Q 20/363 (2013.01); G06Q 20/3674 (2013.01); G06Q 20/3825 (2013.01); G06Q 20/4016 (2013.01)] | 17 Claims |
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1. A system to manage a cryptographic banking network enabling a regulatory body to monitor all bank cryptocurrency transactions, said system comprising:
a set of cryptographic assets, each referred to as a QCC (cryptographic node) asset, backed by at least one cryptocurrency (CC) deposited in a plurality of custodial wallets of a set of banks;
a blockchain with a ledger for the QCC assets, wherein each of the banks conduct all cryptocurrency (CC) transactions by conducting equivalent QCC transactions over the blockchain in order to ensure such transactions are monitored by the regulatory body;
a cryptoactive clearance chamber managed by the regulatory body through smart contracts, wherein the regulatory body has a node linked to the blockchain configured to monitor all withdrawal operations, depositors, physical movements, and interbank transfer of all types of cryptography conducted by the banks,
wherein the ledger is accessible to the regulatory body and is configured to record and total economic transactions measured in terms of a monetary unit involving cryptocurrency (CC) transactions conducted by the banks,
wherein the system is configured to provide a process by which the banks obtain information about identity and addresses of their customers (KYC), which information is shared with the regulatory body via the blockchain; and
at least one application program interface (API) through which the blockchain is accessed for the cryptocurrency (CC) transactions,
wherein the cryptocurrency (CC) transactions including deposits, withdrawals, movements and interbank transfers are carried out by the banks and are monitored by the regulatory body via the blockchain,
wherein the system is configured to manage the ledger, which is a single accounting book, safe, reliable and immutable, without a need to reconcile accounts of the banks with any untimely clearing processes,
wherein the system further comprising;
computing devices uniquely identified with at least four participants, three active participants and one for observation, wherein the three active participants comprise the banks, wherein the one for observation comprise the regulatory body, which is configured with a node of the blockchain configured to monitor all withdrawal operations, deposits, physical movements and interbank transfers of assets and identity issues for customers performing transactions with the banks;
a set of cryptographic monetary network nodes for the management the QCC assets, where each of the banks has two of the cryptographic monetary network nodes, one active and one passive backup;
a set of certificate generators, wherein each of the banks comprises a certificate generator of the set of certificate generators and the regulatory body comprises a certificate generator of the set of certificate generators;
at least two channels, one channel for the banks, the other channel for the regulatory body;
an ordering service composed of at least five nodes;
a set of smart contracts, created and developed for asset management;
a core interface, which is an application interface (API) that exposes microservices, its main function is the integration between legacy systems of the banks and QCC assets;
a set of legacy systems or core banking, that are systems or platforms in which interbank currency deposits, withdrawals and movements are recorded in cash;
a set of cryptocurrency wallets, which are virtual wallets in which crypto assets are managed, and which are designed to store or manage cryptocurrency keys, wherein each of the banks and the regulatory body are associated with three wallets for each participant or financial institution called: Active, Compensation and Cold, each with a purpose; and
a USDT wallet storing stablecoins.
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