| Abstract: |
A blockchain enabled electronic futures trading system and method provided which allows for optional computerized delivery of cryptocurrency. A trade determination system allows a buyer and seller computer system to trade a future on a cryptocurrency such as bitcoin. Additionally, the trade determination system communicates with a central clearing computer system that allows the seller to provide, using the block chain, an amount of bitcoin equal to or greater than the underlying future by transferring the bitcoin from a seller bitcoin wallet associated with the seller computer system to a central clearing bitcoin wallet associated with the central clearing computer system. Upon the expiration date of the future, the seller may optionally select to provide to the buyer the bitcoin that was previously transferred to the central clearing bitcoin wallet instead of fiat currency. |
| Inventor: |
Wilson, JR., Donald R. (Chicago, IL, US); Nordell, Joel D. (Chicago, IL, US); Werblowsky, David Z. (New Rochelle, NY, US); Riddle, JR., Michael A. (Palatine, IL, US) |
| Applicant: |
ERIS DIGITAL HOLDINGS, LLC (New York, NY, US) |
| Face Assignee: |
N/A |
| Filed: |
2019-08-28 |
| Issued: |
2020-03-05 |
| Claims: |
1 |
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US20200074547
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1. A blockchain enabled electronic futures trading system including:
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