Exchanges

08/01/19 09:18 UTC-4

tZERO received a patent for the integration of traditional trade with cryptocurrencies

tZERO Exchange received a patent for the integration of traditional trade in the blockchain network
tZERO Exchange received a patent for the integration of traditional trade in the blockchain network

The tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platform for working with tZERO security-tokens (a subsidiary of Overstock, the digital retail giant) received a patent for combining "outdated" trading systems with cryptocurrencies and blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology – as reported by CoinDesk.

The patent information was published on Thursday, January 3, 2019, by the U.S. Patent and Trademark Office.

Security tokens are crypto-coins that are tied to real securities and are "tokenized" assets. Such coins can play the role of a "digital share" of a shareholder and are fully controlled by the relevant regulators and law enforcement agencies.

 

New patent for tZERO security tokens

The report describes a new technology as the "Crypto-integration platform", which can combine all market information from various sources to determine the optimal sale price of security tokens.

In addition, the patent document states that the new technology will protect both transactional units (participants) in the orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
before making a transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
. To match orders, each position will have a unique cryptographic signature, which in turn contributes to complete anonymity and non-proliferation of clients.

Transaction positions in this case may include: digital assets, liabilities, commodities, cryptocurrency, tokens, stocks, or cash.

The patent explains that the platform will use technology to verify ownership of all goods, as well as to ensure the exchange of only accessible items, assets.

Representatives of the tZERO company on Twitter said that the new solution can also be used for an IPO (only with prior confirmation by the US Securities and Exchange Commission (SEC)). tZERO Exchange  received a patent for the integration of traditional trade with cryptocurrencies, but the introduction of innovations in the work of the platform is planned only in the second quarter of this year.

Editor: Pereyidenko Ihor

See also: "CoinfloorEX new product – stable futures, Stablecoin"

#tZERO #SEC #patent #Security tokens #cryptocurrency #stock-exchange

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