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Application US20190066205
Published 2019-02-28
Peer-to-peer Trading With Blockchain Technology
Introduced here are computer programs and associated computer-implemented techniques for facilitating complex transactions involving securities through the use of blockchain technology. A network-accessible management platform (also referred to as an “alternative trading system” or “ATS”) may be responsible for using a blockchain to efficiently and securely manage trades of securities. The network-accessible management platform can be communicatively coupled to a transfer agent module responsible managing the ownership of securities purchased by investors and/or a trading module responsible for receiving input indicative of requested purchases/sales of securities. The network-accessible management platform can facilitate transfers of securities from one investor to another investor without the fear of data loss or the high costs that are ordinarily imposed on securities transfers.
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- 1-7. (canceled)
- 8. A computer-implemented method for facilitating a purchase of a security on a network-accessible management platform, the method comprising:
receiving, by a management platform, input indicative of a selection of an offer to sell a security in an electronic format,
wherein the selection is made via a graphical user interface accessible on an electronic device;
determining, by the management platform, whether the security is available for inclusion in a transfer; in response to a determination that the security is available for inclusion in the transfer,
causing, by the management platform, the security to be subject to a verification review;
transferring, by the management platform, a specified amount of cryptocurrency from a blockchain address associated with a buyer of the security to a blockchain address associated with a seller of the security; and transmitting, by the management platform to a transfer agent module, a notification that specifies the buyer should be added as an investor in an issuer responsible for issuing the security,
wherein receipt of the notification prompts the transfer agent module to add the blockchain address associated with the buyer to a data structure that includes a list of blockchain addresses corresponding to all owners of securities issued by the issuer.
- 10. (canceled)
- 15. A computer-implemented method for facilitating a sale of a security on a network-accessible management platform, the method comprising:
receiving, by a management platform, input indicative of an offer to sell a security in an electronic format that was issued by an issuer; determining, by the management platform, that the offer is valid; setting, by the management platform, a digital lock on the security that prevents the management platform or another management platform from including the security in another transaction; posting, by the management platform, the offer to a graphical user interface for review by one or more potential buyers; monitoring, by the management platform, whether input indicative of a selection of the offer by a buyer has been received; and in response to a determination that input indicative of a selection of the offer by the buyer has been received,
transmitting, by the management platform to a transfer agent model, a notification that specifies the buyer should be added as an investor in the issuer.
- 21. A computer-implemented method for facilitating a purchase of a security, the method comprising:
receiving, by a network-accessible management platform, first input indicative of an offer to sell a security by a seller; causing, by the network-accessible management platform, an electronic representation of the offer to be posted on a graphical user interface for review by one or more potential buyers; receiving, by the network-accessible management platform, second input indicative of a selection of the electronic representation of the offer by a buyer,
wherein the buyer is one of the one or more potential buyers;
determining, by the network-accessible management platform, that the security is available for inclusion in a transfer from the seller to the buyer; transferring, by the network-accessible management platform, a specified amount of cryptocurrency from a blockchain address associated with the buyer to a blockchain address associated with the seller; and transmitting, by the management platform to a transfer agent model, a notification that specifies the buyer should be added as an investor in an issuer responsible for issuing the security.
- 23. (canceled)
