US 12,141,769 B2
Stablecoin as a medium of exchange on a blockchain-based transaction network
John Gregory Anderson, Austin, TX (US); Charles Henry Uchill, St. Charles, IL (US); and Sean McNamara, Chicago, IL (US)
Assigned to Ceres Coin LLC, Austin, TX (US)
Filed by Ceres Coin LLC, Austin, TX (US)
Filed on Sep. 13, 2023, as Appl. No. 18/367,617.
Application 18/367,617 is a continuation of application No. 17/366,853, filed on Jul. 2, 2021, granted, now 11,797,955.
Application 17/366,853 is a continuation of application No. 17/098,687, filed on Nov. 16, 2020, granted, now 11,055,677, issued on Jul. 6, 2021.
Application 17/098,687 is a continuation of application No. 17/098,308, filed on Nov. 13, 2020, abandoned.
Claims priority of provisional application 62/934,929, filed on Nov. 13, 2019.
Prior Publication US 2024/0112158 A1, Apr. 4, 2024
Int. Cl. G06Q 20/06 (2012.01); G06Q 20/38 (2012.01); G06Q 20/40 (2012.01); G06Q 20/02 (2012.01)
CPC G06Q 20/0655 (2013.01) [G06Q 20/381 (2013.01); G06Q 20/382 (2013.01); G06Q 20/401 (2013.01); G06Q 2220/00 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A system for providing a blockchain-based transaction network, the system comprising:
at least one user device and a stablecoin server for a stablecoin securities entity in network communication with a blockchain-based securities stablecoin platform, the stablecoin server comprising a processor and a cache, the cache for reducing memory latency and access time;
a blockchain transaction network operating on the blockchain-based securities stablecoin platform;
a distributed blockchain ledger operating on the blockchain transaction network; and
a Securities Exchange Commission (SEC) qualified stablecoin used as a medium of exchange for one or more transactions between the stablecoin securities entity and one or more participants with the stablecoin securities entity,
wherein the blockchain transaction network receives participant information from the one or more participants, creates a participant account, and sends the participant information and the participant account to the distributed blockchain ledger,
wherein the blockchain transaction network conducts and creates a pre-validation certification for a signature guarantee for the participant account, wherein the signature guarantee provides authentication that verifies a legitimacy of a signature for transferring the SEC qualified stablecoin for the one or more transactions on the blockchain transaction network.