IP Library Granted Patent US 11,797,666
Granted Patent B1
US 11,797,666 · App. 17/986,037 · Granted Oct 24, 2023

Secure environment public register (SEPR)

Inventors: Robert William Kocher (McLean, VA); Douglas Earl Dyer (Herndon, VA); John Shelly Bowling, II (Reston, VA)
Assignee: Ideal Innovations, Inc.
G06F21/53G07B15/00G06F2221/034G06Q2240/00
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Quick Facts
Patent No.
US 11,797,666
App. No.
17/986,037
Granted
Oct 24, 2023
Kind
B1
Abstract

A Secure Environment Public Register (SEPR) provides a method and system that allows precious metals in the shape of ban(s) or units to be certified, specially numbered to provide exact linkage to an owner, allow secure movement of precious metals between secure facilities, and though Blockchain allow secure transfer of ownership between individuals and organizations. The SEPR allows gold and other precious metals to be easily held and traded in commerce with all the advantages of holding precious metals. The SEPR system allows exact audits of the metal bars on hand and avoids over-selling units since each bar is serialized and ownership is documented in a public register.

Claims (50)

1. A system comprising:

a physically secure environment configured to receive precious metal thereto, retain the precious metal therein, and the release precious metal therefrom; and

a precious metal registration system configured to record

precious metal identification information,

ownership status information and ownership information of precious metal,

location information of precious metal, and

certification information and de-processing information of precious metal;

the system further configured to receive precious metal into the physically secure environment by

at least one of inspecting a quality of the received precious metal and certifying a quality value of the received precious metal,

at least one of receiving the certified precious metal in or processing the certified precious metal into a standard uniform characteristic, and

registering the certified precious metal in the standard uniform characteristic in the registration system by providing a registration indicia on one of the registered precious metal or a container containing the registered precious metal, and a corresponding registration record in a precious metal registration database of the registration system;

the system further configured to retain and manage precious metal within the physically secure environment by

assigning an ownership record associated with one particular registered precious metal of the standard uniform characteristic from a first owner to a second owner,

transferring the one particular registered precious metal of the standard uniform characteristic from a first storage facility within the physically secure environment to a second storage facility within the physically secure environment, and

assigning an unassigned registered precious metal of the standard uniform characteristic to a third owner and updating the assigned registered precious metal of the standard uniform characteristic in the registration system with ownership information of the third owner; and

the system further configured to release registered precious metal of the standard uniform characteristic from the physically secure environment by

de-processing precious metal in the standard uniform characteristic by removing location information from a corresponding registration record in the precious metal registration database, and

physically removing the de-processed precious metal from the physically secure environment.

2. The system of claim 1 , wherein the physically secure environment further comprises a plurality of storage facilities.

3. The system of claim 1 , wherein the physically secure environment further comprises a secure transportation system that transports the precious metal between at least two remote storage facilities.

4. The system of claim 1 , wherein the precious metal comprises at least one from the group of gold and silver.

5. The system of claim 1 , wherein the precious metal identification information comprises a unique identification number for a smallest indivisible unit of the precious metal stored within the physically secure environment.

6. The system of claim 1 , wherein ownership status information comprises one of an unassigned ownership status or an assigned ownership status.

7. The system of claim 1 , wherein the ownership information comprises ownership entity identification information.

8. The system of claim 1 , wherein location information comprises at least one of a location of origination or a location of reception into the physically secure environment and a location of current disposition within the physically secure environment.

9. The system of claim 1 , wherein certification information comprises information related to one of a particular standard of quality of the precious metal or a particular standard of composition of the precious metal.

10. The system of claim 1 , wherein the de-certification information comprises information indicating a voided previous certification for the precious metal.

11. The system of claim 1 , wherein the certified quality or the quality of the received precious metal comprises one of a standard of purity value or a standard of composition quantity.

12. The system of claim 11 , wherein the standard uniform characteristic comprises

a non-divisible weight or mass when the certified precious metal is received into and retained within the physically secure environment, and

one of the standard of purity value or the standard of composition quantity.

13. The system of claim 1 , wherein the registration indicia comprises a received location indicia, certification indicia and a unique identifier indicia.

14. The system of claim 1 , wherein transferring further comprises a secure transportation system within the physically secure environment.

15. The system of claim 1 , wherein the first and second storage facilities are located in one of distinct geographic locations or country having a secure transportation system connected between the first and second storage facilities.

16. The system of claim 1 , wherein the first and second storage facilities are located in one of a same geographic location or country.

17. A system comprising:

a physically secure environment configured to receive precious metal thereto, retain the precious metal therein, and the release precious metal therefrom; and

a precious metal registration system configured to record

ownership status information and ownership information of precious metal, and

location information of precious metal;

the system further configured to receive precious metal into the physically secure environment by

at least one of inspecting a quality of the received precious metal and certifying a quality value of the received precious metal,

at least one of processing the certified precious metal into a standard uniform characteristic, and

registering the certified precious metal in the standard uniform characteristic in the registration system by providing a registration indicia on one of the registered precious metal or a container containing the registered precious metal, and a corresponding registration record in a precious metal registration database of the registration system;

the system further configured to retain and manage precious metal within the physically secure environment by assigning an ownership record associated with one particular registered precious metal of the standard uniform characteristic between owners; and

the system further configured to release registered precious metal of the standard uniform characteristic from the physically secure environment by

de-processing precious metal in the standard uniform characteristic by removing location information from a corresponding registration record in the precious metal registration database, and

physically removing the de-processed precious metal from the physically secure environment.

18. The system of claim 17 , wherein the system is further configured to retain and manage precious metal within the physically secure environment by assigning an unassigned registered precious metal of the standard uniform characteristic to an owner and updating the assigned registered precious metal of the standard uniform characteristic in the registration system with ownership information of the owner.

19. The system of claim 17 , wherein the system is further configured to retain and manage precious metal within the physically secure environment by transferring the one particular registered precious metal of the standard uniform characteristic from a first storage facility within the physically secure environment to a second storage facility within the physically secure environment.

Assignments (3)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Aug 8, 2024
From: IDEAL INNOVATIONS, INC.
To: P4 X GROUP INC.
Reel/Frame 068518/0923 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Aug 24, 2023
From: DYER, DOUGLAS EARL; BOWLING, JOHN SHELLY, II
To: IDEAL INNOVATIONS INC.
Reel/Frame 064692/0622 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Dec 2, 2022
From: KOCHER, ROBERT WILLIAM
To: IDEAL INNOVATIONS INC.
Reel/Frame 061953/0697 →
Continuity (1)
Provisional Application 63282012 · Nov 22, 2021