Systems and methods for space-based transactions

Patent metadata

Field	Value
Publication number	US-12205106-B2
Application number	US-202318468191-A
Country	US
Kind code	B2
Filing date	Sep 15, 2023
Priority date	Feb 25, 2020
Publication date	Jan 21, 2025
Grant date	Jan 21, 2025

Abstract

Systems and methods for space-based transactions are disclosed. A method for conducting a space-based transaction may include: (1) a first space-based device determining that it is incapable or will be incapable of providing the service; (2) the first space-based device identifying a second space-based device; (3) the first space-based device requesting capability information for the second space-based device; (4) the first space-based device that the second space-based device is capable of providing the service based on the capability information; and (5) the first space-based device executing a transaction with the second space-based device, wherein the first space-based device pays the second space-based device for the service by transferring payment from an electronic wallet for the first space-based device to an electronic wallet for the second space-based device on the distributed ledger network, and the second space-based device provides the service to the user.

First claim

What is claimed is:

1. A method for conducting space-based foreign exchange transactions, comprising:
determining, by a first space-based user and using a first space-based user computer processor on a first space-based device, that a foreign exchange transaction is needed;
identifying, by the first space-based user and using the first space-based user computer processor, a second space-based user as a counterparty to the foreign exchange transaction, wherein the second space-based user is associated with a second space-based device;
agreeing, by the first space-based user and using the first space-based user computer processor, to a foreign exchange rate with the second space-based user;
determining, by the first space-based user and using the first space-based user computer processor, that the first space-based user and the second space-based user are out of contact with a distributed ledger network;
writing, by the first space-based user and using the first space-based user computer processor, the foreign exchange transaction and the foreign exchange rate to a side chain for the distributed ledger network in response to the first space-based user and the second space-based user being out of contact with the distributed ledger network, wherein a smart contract executes the foreign exchange transaction using the foreign exchange rate; and
writing, by the first space-based user and using the first space-based user computer processor, a net of the foreign exchange transaction to the distributed ledger network in response to contact between the first space-based user and the distributed ledger network is re-established, wherein the smart contract updates balances in a first space-based user electronic wallet and a second space-based user electronic wallet.

2. The method of claim 1 , wherein the foreign exchange transaction is associated with a pending or potential transaction with the second space-based user.

3. The method of claim 1 , wherein the foreign exchange transaction is associated with a pending or potential transaction with a third space-based user.

4. The method of claim 1 , wherein the foreign exchange transaction is for stablecoins in a first currency for stablecoins in a second currency.

5. The method of claim 1 , wherein the foreign exchange rate is retrieved from a space-based oracle.

6. The method of claim 1 , wherein the foreign exchange rate is programmatically determined.

7. The method of claim 1 , wherein the foreign exchange rate is based on a bilateral agreement between the first space-based user and the second space-based user.

8. The method of claim 1 , wherein the first space-based device and/or the second space-based device are satellites.

9. The method of claim 1 , further comprising:
transferring, by the first space-based user and using the first space-based user computer processor, a balance of the first space-based user electronic wallet to an Earth-based user electronic wallet.

10. A non-transitory computer readable storage medium, including instructions stored thereon, which when read and executed by one or more computer processors in a first space-based device, cause the one or more computer processors to perform steps comprising:
determining that a foreign exchange transaction is needed;
identifying a second space-based user as a counterparty to the foreign exchange transaction, wherein the second space-based user is associated with a second space-based device;
agreeing to a foreign exchange rate with the second space-based user;
determining that the first space-based user and the second space-based user are out of contact with a distributed ledger network;
writing the foreign exchange transaction and the foreign exchange rate to a side chain for the distributed ledger network in response to the first space-based user and the second space-based user being out of contact with the distributed ledger network, wherein a smart contract executes the foreign exchange transaction using the foreign exchange rate; and
writing a net of the foreign exchange transaction to the distributed ledger network in response to contact between the first space-based user and the distributed ledger network is re-established, wherein the smart contract updates balances in a first space-based user electronic wallet and a second space-based user electronic wallet.

11. The non-transitory computer readable storage medium of claim 10 , wherein the foreign exchange transaction is associated with a pending or potential transaction with the second space-based user.

12. The non-transitory computer readable storage medium of claim 10 , wherein the foreign exchange transaction is associated with a pending or potential transaction with a third space-based user.

13. The non-transitory computer readable storage medium of claim 10 , wherein the foreign exchange transaction is for stablecoins in a first currency for stablecoins in a second currency.

14. The non-transitory computer readable storage medium of claim 10 , wherein the foreign exchange rate is retrieved from a space-based oracle.

15. The non-transitory computer readable storage medium of claim 10 , wherein the foreign exchange rate is programmatically determined.

16. The non-transitory computer readable storage medium of claim 10 , wherein the foreign exchange rate is based on a bilateral agreement with the second space-based user.

17. The non-transitory computer readable storage medium of claim 10 , wherein the first space-based device and/or the second space-based device are satellites.

18. The non-transitory computer readable storage medium of claim 10 , further including instructions stored thereon, which when read and executed by one or more computer processors in a first space-based device, cause the one or more computer processors to perform steps comprising:
transferring a balance of the first space-based user electronic wallet to an Earth-based user electronic wallet.

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Moudgal Keerthi
• Kassis George
• Lobban Tyrone D
• Moy Christine
• Farooq Umar

Classifications

• G06Q20/381

  Currency conversion · CPC title

• G06Q20/367 Primary

  involving electronic purses or money safes · CPC title

• G06Q20/389

  Keeping log of transactions for guaranteeing non-repudiation of a transaction · CPC title

• G06Q20/102 Primary

  Bill distribution or payments · CPC title