| CPC G06Q 40/04 (2013.01) | 22 Claims |
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1. A system comprising:
a clearing counter-party computer in communication with a buyer computer corresponding to a buyer obligated per a first virtual currency futures contract to take physical delivery, upon an associated expiration date, of a first quantity of a virtual currency and a seller computer corresponding to a seller obligated per a second virtual currency futures contract to make physical delivery, upon an associated expiration date, of a second quantity of the virtual currency, the virtual currency being transacted via a publicly viewable electronic ledger also in communication with the clearing counter-party computer, and wherein the clearing counter-party computer comprises a computer-readable medium that contains computer-executable instructions that cause the clearing counter-party computer, without the clearing counter-party taking actual possession of the virtual currency, to:
determine that both the first and second futures contracts have expired;
receive, based on the determined expiration, a virtual currency address from the buyer computer;
direct the seller computer to transfer, via the publicly viewable electronic ledger, an amount of the virtual currency to the received virtual currency address, and further direct the seller computer to include in the transfer a unique identifier having an association known by the clearing counter-party computer with the directed transfer and which, when included with the transfer, will be viewable in the publicly viewable electronic ledger in association therewith; and
confirm, via the publicly viewable electronic ledger, that the seller transferred the amount of the virtual currency via a determination that the publicly viewable electronic ledger includes the unique identifier.
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