Global layer 1 programmable ledgers

US2024346517A1 · US · A1

Patent metadata
FieldValue
Publication numberUS-2024346517-A1
Application numberUS-202418601763-A
CountryUS
Kind codeA1
Filing dateMar 11, 2024
Priority dateMar 10, 2023
Publication dateOct 17, 2024
Grant date

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  1. Title

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  2. Abstract

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  3. Assignees and inventors

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  4. Key dates

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  5. First independent claim

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  6. CPC / IPC classifications

    Technology tags used to group this patent with similar filings.

  7. Citations and related patents

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Abstract

Official abstract text for this publication.

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

Opening claim text (preview).

What is claimed is: 1 . A global layer 1 programmable ledger, comprising: 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 wherein 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. 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 comprising 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 applications; a distributed ledger network in communication with the plurality of nodes; and a side chain; 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. 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

Inventors

Classifications

  • Financial business planning · CPC title

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

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

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

  • Business processing using cryptography · CPC title

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What does patent US2024346517A1 cover?
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 programma…
Who is the assignee on this patent?
Jpmorgan Chase Bank Na
What technology area does this patent fall under?
Primary CPC classification G06Q20/425. Mapped technology areas include Physics.
When was this patent published?
Publication date Thu Oct 17 2024 00:00:00 GMT+0000 (Coordinated Universal Time) (A1). Legal status and post-grant events are not shown on this page.
What related patents are in patentsdb?
We list 6 related publications on this page (citations in our corpus or others sharing the same primary CPC).