Eight patents in total were granted to AAA Blockchain Limited and Gary McAlister.
These patents were applied for in a particular order and the inventive steps are the following Proof-of-Stake (PoS) secondary mining and minted discoveries using the Blockchain.
All patents are available on the World Intellectual Property Website
Savings and Deposits
The invention concerns cryptographic currency for use in the finance industry. More specifically the present invention relates to the provision of cryptographic currency by banking or other such financial institutions for their everyday products such as deposit and term deposit accounts. The financial institution then mints and/or mines the cryptographic currency up to a certain percentage to pay the interest on the account.
Loan and Finance
A new method for banks, financial institutions and monetary funds to provide ethical loan finance, including Islamic finance with no interest or usury. Banks, financial institutions and monetary funds can earn the revenue using a cryptocurrency, Blockchain dependent process that provides the minting of new coin and mining of transaction fees.
New Monetary System
This new monetary innovation method using cryptocurrency applies to, and includes entities, which require an income producing asset using any form of named or renamed cryptocurrency, and for entities using any form of Blockchain or chain process using the wallet which mints new coin assets.
Stock and Bond Management
The invention concerns cryptographic currency and digital mining assets or commodities for use in the stock, share and bond market industry. More specifically the present invention relates to the provision of cryptographic currency and or digital mining assets or commodity stock, share and bond innovation which fundamentally changes how these instruments are discovered, issued, valuated and rated. It also addresses how they are bought, sold and traded on a digital mining assets or commodities Blockchain exchange.
Private Placement/High Yield Investment
Is for the use of the Blockchain Digital Mining Asset or Commodity innovation for Private Placement and High Yield Investment replacing the cash component that is required to start a typical program. Digital mining assets or commodities, with the option of having the Blockchain digital mining wallets, would need to be installed at the top 50 banks and/or at the Bankcoin Reserve with the new digital mining commodities using Blockchain technology.
This patent concerns franchise innovation for, but not limited to, Governments, treasuries, central banks, banks, financial institutions, monetary funds, judicial entities; commercial, industrial, domestic, and foreign properties, stock, bond and share markets, insurance captive underwriting institutions, public, private, wholesale, retail and service sectors using the Blockchain to discover a master franchise and, or for the discovery of franchises of the new digital mines.
Islamic Banking and Sharia Compliant Innovation
This Islamic Banking Sharia Compliant Blockchain Innovation provides new methods for banks, financial institutions and monetary funds to provide ethical loans and finance including Islamic deposits and finance with no riba, interest or usury. Banks, financial institutions and monetary funds can earn the interest or usury using a an internal cryptocurrency Blockchain dependent process that facilitates the minting of new coin and mining of transaction fees. A detailed description of this patent appears a little later in this presentation.
Foreign Exchange Innovation
The Blockchain Foreign Exchange Innovation patent facilitates international funds transfers settled locally and nationally by our Blockchain sender and receiver in, but not limited to, both countries matching algorithm and proof of stake secondary mining process. Designed for entities such as, but not limited to, Governments, treasuries, central banks, banks, financial institutions, monetary funds, judicial entities, real estate including, commercial, industrial, foreign and domestic properties, stock, bond, share and IT software markets, captive insurance, Sharia compliant Islamic banking Blockchain foreign exchange innovation.