IP Library Patent Application 16008069
Patent Application
App. No. 16/008,069

SYSTEMS AND METHODS OF CONVERTING ELECTRONIC TRANSMISSIONS INTO DIGITAL CURRENCY

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Quick Facts
Patent No.
US None
App. No.
16/008,069
Abstract

Systems and methods for generating digital currencies and converting electronic transmissions from a communication device into digital currency are provided. A communication device comprises an electronic circuit including a controller, a secured basic input/output (BIOS) system, a memory unit, a radio unit, and an antenna. The radio unit and the antenna generate periodic transmissions. The communication device communicates with a network comprising a blockchain. The electronic circuit counts the periodic transmissions and creates a digital coin when a pre-determined number of transmissions is generated. Transmission data corresponding to the digital coin are encrypted and stored in the blockchain. A user can use the digital coin to purchase goods or services or to exchange with another currency. The communication device may be a personal computing device or a tracking device for global tracking of objects wherein an electronic circuit is embedded within a patch package comprised of a flexible material.

Claims (31)

1 . A communication device comprising:

an electronic circuit including a controller, a secured basic input/output (BIOS) system, a memory unit, a radio unit, and an antenna;

wherein the radio unit and the antenna generate periodic transmissions;

wherein the electronic circuit counts the periodic transmissions and creates a digital coin when a pre-determined number of transmissions is generated.

2 . The communication device of claim 1 wherein the transmissions are recorded as a data packet and stored in the digital coin.

3 . The communication device of claim 2 wherein the transmissions stored in the digital coin are encrypted and stored in a network as a digital history of the digital coin.

4 . The communication device of claim 1 wherein the electronic circuit creates a unique PIN code corresponding to each periodic transmission.

5 . The communication device of claim 2 wherein a user can use the digital coin to purchase goods or services or to exchange with another currency.

6 . The communication device of claim 1 wherein the communication device is a personal computing device.

7 . The communication device of claim 1 wherein the communication device is a tracking device and the electronic circuit is embedded within a patch package comprised of a flexible material.

8 . A system for converting electronic transmissions into digital currency, comprising:

at least one communication device comprising an electronic circuit including a controller, a secured basic input/output (BIOS) system, a memory unit, a radio unit, and an antenna, the radio unit and the antenna generating periodic transmissions; and

a network comprising a blockchain;

wherein the electronic circuit counts the periodic transmissions and creates a digital coin when a pre-determined number of transmissions is generated; and

wherein transmission data corresponding to the digital coin are encrypted and stored in the blockchain.

9 . The system of claim 8 wherein the at least one communication device comprises multiple communication devices corresponding to multiple users.

10 . The system of claim 9 wherein each user can use one or more digital coins to purchase goods or services or to exchange with another currency.

11 . The system of claim 9 wherein each user can use one or more digital coins to transfer any monetary value.

12 . The system of claim 8 wherein the blockchain is distributed across the network.

13 . The system of claim 8 wherein the transmission data is updated and when a second pre-determined number of transmissions is generated a second digital coin is generated.

14 . The system of claim 8 wherein the transmission data is sliced into segments and stored in the network database blockchain.

15 . The system of claim further comprising a reconstruction key stored on the communication device, the reconstruction key capable of unencrypting the transmission data.

16 . A method of converting electronic transmissions into digital currency, comprising:

generating periodic transmissions from a communication device;

counting the periodic transmissions;

creating a digital coin when a pre-determined number of periodic transmissions is generated; and

encrypting transmission data corresponding to the digital coin and storing the transmission data in a blockchain.

17 . The method of claim 16 further comprising distributing the blockchain is across a network.

18 . The method of claim 16 further comprising updating the transmission data and creating a second digital coin when a second pre-determined number of transmissions is generated.

19 . The method of claim 16 / 17 further comprising slicing the transmission data into segments and storing it in the network database blockchain.

20 . The method of claim 16 further comprising calculating a geographical location of the communication device.

Assignments (5)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 1, 2023
From: GBT TECHNOLOGIES INC.
To: GBT TOKENIZE CORP.
Reel/Frame 065420/0434 →
CHANGE OF NAME Recorded May 6, 2020
From: GOPHER PROTOCOL, INC.
To: GBT TECHNOLOGIES INC.
Reel/Frame 052607/0793 →
MERGER AND CHANGE OF NAME Recorded Jul 29, 2019
From: GBT TECHNOLOGIES INC.; GOPHER PROTOCOL INC.
To: GBT TECHNOLOGIES INC.
Reel/Frame 049885/0429 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jan 8, 2019
From: RITTMAN, DAN; SCHNAPP, ALIZA
To: GOPHER PROTOCOL, INC.
Reel/Frame 047925/0021 →
SECURITY INTEREST Recorded Dec 4, 2018
From: GOPHER PROTOCOL INC.
To: DISCOVER GROWTH FUND, LLC
Reel/Frame 047665/0838 →