The Toronto-Dominion Bank (Toronto, CA)

A device is protected by a security element, which includes an internal memory that holds at least one address, a set of rules, as well as a state of the asset. The processor is designed to respond to a request to modify the asset’s state with an address. It will confirm the request in the event that it changes the asset’s state in accordance with the established rules and will reject the request in the event that it changes the state of the asset in violation of set rules. In the event that the secure element has validated the request, a communications module is attached to the secure element. The module relays information through a distributed network to processors that are peer to.

Distributed electronic ledgers, such as block chains, have generated interest in a variety of fields as a decentralized storage system that is reliable and independent validation.

A block chain is a distributed database comprising blocks of data records (e.g. transactions records). Each block is time stamped and an hash of the preceding block. Blocks are used to verify legitimate transactions. Miners, or users who are mining, perform proof-ofwork during the process of creating the blocks. The time required to carry out the proof-ofwork procedure could cause significant delays between the time an authentic transaction is received by one of the miners and the integration of the transaction into the block.

In certain embodiments devices, they include an element that is secure, which includes a memory, a processor and an electronic communications module. The memory can store at minimum one address, and at least one key associated with the address, a set rules, and a state of the asset. The processor can be set to receive a request to modify the state of the asset associated to the address. It will confirm the request if it is in accordance with the rules set out and will reject the request in the event that it alters the status of an asset in violation of the set rules. The communication module is connected to the secure elements for transmitting the request through a distributed network to peerprocessors. This permits the recording of changes in asset state in a distributed electronic ledger.

A point-of-service terminal may include one of the first secure elements which keep an address as well as the key. It also contains a set instruction and an established processor. The first processor is set according to the set of instructions. This includes: receiving the second request from a secure entity to execute the specified action. A secure element reader is coupled to the initial processor to send the first request to the second secure element, and receiving the secondrequest from the second secure element.

A method may include: creating a request to make changes to the state of the asset or its status and submitting the request to secure elements that contain at least one address and at most one key, in addition to a set of rules. Invalidating the request within secure elements in the event that changing the state of the asset in accordance with the the set of rules. Transferring the request to a distributed system to handle the request in the event that the secure element is able to validate it.

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Granted by the government to safeguard an invention, patents give the inventor with exclusive rights to create, use, sell and promote the invention? Society is benefited when a brand new technology is brought into the marketplace. The benefits may be the direct sense, since it may allow people to accomplish previously unattainable things. Or indirectly, through the economic opportunities (business expansion and job creation) that innovation provides.

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A patent search is the very first step towards obtaining your patent. You can do a google patent search or do a USPTO search. Patent-pending is the name used to describe the product included in the patent application. You can use the public pair to locate the patent application. After the patent office approves your application, you’ll be able to do an examination of the patent number to discover the patent granted. The product you are selling will then be patentable. In addition to the USPTO search engine, you may also use other search engines such as espacenet as described below. Patent lawyers or a patent attorney can assist you with the procedure. In the US, patents are issued by the US patent and trademark office, or the United States patent and trademark office, which also reviews trademark applications.

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To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.