Autonomous exchange via entrusted ledger application specific wallet

An application specific wallet function of a blockchain wallet provides a method in which blockchain tokens may be assigned for specific uses and other uses can be prevented. The application specific wallet function can be configured to allow tokens to only be used on some or all of the applications...

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Bibliographic Details
Main Authors Tan, Anthony, Ow, Benedict, Stiles, Richard
Format Patent
LanguageEnglish
Published 07.03.2023
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Summary:An application specific wallet function of a blockchain wallet provides a method in which blockchain tokens may be assigned for specific uses and other uses can be prevented. The application specific wallet function can be configured to allow tokens to only be used on some or all of the applications hosted on or available through the blockchain, and can also be configured to prevent tokens from being utilized for any purpose outside of the use intended by the network host or provisioner. This can ensure that the wallet owner uses the tokens for blockchain applications and can prevent the wallet owner from trading or selling the tokens on a cryptocurrency exchange.
Bibliography:Application Number: US202016900771