Global layer 1 programmable ledgers

Patent metadata

Field	Value
Publication number	US-12548034-B2
Application number	US-202418601763-A
Country	US
Kind code	B2
Filing date	Mar 11, 2024
Priority date	Mar 10, 2023
Publication date	Feb 10, 2026
Grant date	Feb 10, 2026

Abstract

Global layer 1 programmable ledgers are disclosed. According to an embodiment, a global layer 1 programmable ledger may include: a plurality of nodes comprising a shared capabilities and components tier comprising foundational applications and functional applications, and a financial institution applications tier comprising financial institution application, wherein the global layer 1 programmable ledger is part of a distributed ledger network; and each of the plurality of nodes is associated with a participant of a distributed ledger network, and each participant is configured to access the foundational applications and functional applications and the financial institution applications.

First claim

What is claimed is:

1 . A global layer 1 programmable ledger, comprising:
a ledger core executed by a backend computer processor comprising:
a financial institution applications tier comprising financial institution applications that are available to all participants; and
a shared capabilities and components tier comprising foundational applications and functional applications that are foundational to and used by the financial institution applications; and
a distributed ledger network comprising a plurality of nodes, wherein each of the plurality of nodes is executed by a computer processor and is associated with a participant of the distributed ledger network, and each participant is configured to access the foundational applications and functional applications and the financial institution applications using its respective node.

2 . The global layer 1 programmable ledger of claim 1 , wherein the distributed ledger network comprises a permissioned distributed ledger network.

3 . The global layer 1 programmable ledger of claim 1 , further comprising a side chain in communication with the distributed ledger network.

4 . The global layer 1 programmable ledger of claim 3 , wherein the side chain is configured to store information governed by a local jurisdiction.

5 . The global layer 1 programmable ledger of claim 4 , wherein the side chain is maintained within the local jurisdiction.

6 . The global layer 1 programmable ledger of claim 1 , wherein the foundational applications comprise a digital identity application, a digital currency application, and/or a digital assets application.

7 . The global layer 1 programmable ledger of claim 1 , wherein the functional applications comprise an embedded policy and regulation application, an automated market making mechanisms application, an atomic settlement application, and/or a regulatory reporting application.

8 . The global layer 1 programmable ledger of claim 1 , wherein the financial institution applications comprise a trade platform application, a trade finance application, a foreign currency exchange application, a settlement application, and/or a collateral settlement application.

9 . The global layer 1 programmable ledger of claim 1 , wherein the distributed ledger network comprises a plurality of validators that are configured to use a consensus mechanism to process transactions.

10 . The global layer 1 programmable ledger of claim 1 , wherein the financial institution applications are provided by participants.

11 . The global layer 1 programmable ledger of claim 1 , wherein access to the shared capabilities and components tier and the financial institution applications tier is permissioned.

12 . The global layer 1 programmable ledger of claim 11 , wherein permissions to access the shared capabilities and components tier and the financial institution applications tier are different.

13 . A system comprising:
a global layer 1 programmable ledger executed by a backend computer processor, comprising:
a financial institution applications tier comprising financial institution applications that are available to all participants; and
a shared capabilities and components tier comprising foundational applications and functional applications that are foundational to and used by the financial institution applications;
a distributed ledger network comprising a plurality of nodes in communication with the plurality of nodes, each node executed by a computer processor, wherein each of the plurality of nodes is associated with a participant of the distributed ledger network, and each participant is configured to access the foundational applications and functional applications and the financial institution applications using its respective node; and a side chain.

14 . The system of claim 13 , wherein the distributed ledger network comprises a permissioned distributed ledger network.

15 . The system of claim 13 , wherein the side chain is configured to store information governed by a local jurisdiction, and is maintained within the local jurisdiction.

16 . The system of claim 13 , wherein the foundational applications comprise a digital identity application, a digital currency application, and/or a digital assets application.

17 . The system of claim 13 , wherein the functional applications comprise an embedded policy and regulation application, an automated market making mechanisms application, an atomic settlement application, and/or a regulatory reporting application.

18 . The system of claim 13 , wherein the financial institution applications comprise a trade platform application, a trade finance application, a foreign currency exchange application, a settlement application, and/or a collateral settlement application.

19 . The system of claim 13 , wherein the distributed ledger network comprises a plurality of validators that are configured to use a consensus mechanism to process transactions.

20 . The system of claim 13 , wherein access to the shared capabilities and components tier and the financial institution applications tier is permissioned, and permissions to access the shared capabilities and components tier and the financial institution applications tier are different.

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Farooq Umar
• Mallela Naveen
• Toh Wee Kee

Classifications

• G06Q40/067

  Financial business planning · CPC title

• G06Q40/04

  Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange · CPC title

• H04L2209/56

  Financial cryptography, e.g. electronic payment or e-cash · CPC title

• H04L9/50

  using hash chains, e.g. blockchains or hash trees · CPC title

• G06Q40/02

  Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) · CPC title