Granted Patent B2

US 12,321,931 · App. 18/017,259 · Granted Jun 3, 2025

Inventors: Barry Childe (Sussex, GB); Jon Dapre (Hampshire, GB); David Williams (Surrey, GB)

Assignee: Arqit Limited

G06Q20/3829G06Q20/027G06Q20/0655G06Q20/4014G06Q20/4037

Abstract

Claims (24)

1. A computer-implemented method of secure quantum safe (QS) payments using a quantum cloud platform, the quantum cloud platform comprising a quantum-safe network, the QS network comprising one or more QS server(s) and a distributed ledger technology (DLT) repository for registering, recording and tracking a plurality of QS payment transactions between two or more endpoint devices, each QS server comprising a hardware security module (HSM) for storing an identical set of quantum distributed (QD) keys or quantum safe keys, said identical set of QD keys having been distributed to each of said QS server(s) in a quantum-safe manner, and said QS server(s) configured to communicate securely with each other and the repository using one or more available QD keys from the identical set of QD keys, and one or more further available QD keys from the set of QD keys being distributed as quantum safe keys to each of the endpoint devices registered with the quantum cloud payment platform, wherein each of the users of the endpoint devices are registered with a QS payment account in the quantum cloud payment platform, the method, performed by the quantum cloud payment platform, comprising:

receiving one or more quantum safe deposit payment transactions from one or more endpoint devices of one or more registered users, each QS deposit payment transaction of a user comprising data representative of a deposit fiat cash value;

transferring each of the deposit fiat cash values from a bank account associated with a user and linked to the QS payment account of the user to a quantum cloud account for pooling each of the deposit fiat cash values;

for each deposit fiat cash value transferred in relation to a user of an endpoint device, performing:

converting said each deposit fiat cash value to a corresponding number of quantum money tokens;

linking said number of quantum money tokens to the QS payment account of the user; and

sending said number of quantum money tokens to the endpoint device of the user for updating an electronic wallet of said user;

receiving one or more quantum safe withdrawal payment transactions from one or more endpoint devices of one or more registered users, each QS withdrawal payment transaction of a user comprising data representative of a withdrawal fiat cash value;

transferring each of the withdrawal fiat cash values from the quantum cloud account for pooling each of the withdrawal fiat cash values to a bank account associated with a user and linked to the QS payment account of the user, wherein for each withdrawal fiat cash value transferred in relation to a user of an endpoint device, performing:

converting said each withdrawal fiat cash value to a corresponding number of quantum money tokens;

determining whether QS payment account of said user has enough quantum money tokens in relation to the number of quantum money tokens of said each withdrawal fiat cash value;

removing said number of quantum money tokens to the QS payment account of the user, when said QS payment account has enough quantum money tokens; and

sending an indication of the number of quantum money tokens withdrawn from the QS payment account of the user to the endpoint device of the user for updating an electronic wallet of said user;

receiving one or more quantum safe payment transactions from one or more endpoint devices of one or more registered users, each QS payment transaction of a user comprising data representative of a payment fiat cash value for transferring to another user of an endpoint device;

converting each of the payment fiat cash values into a corresponding number of quantum money tokens;

transferring each of the number of quantum money tokens corresponding to a payment fiat cash values from the QS payment account of the user to the QS payment account of the other user, wherein for each of the number of quantum money tokens corresponding to the payment fiat cash value transferred in relation to a user of an endpoint device, performing:

determining whether the QS payment account of said user has enough quantum money tokens in relation to the number of quantum money tokens of said each payment fiat cash value;

removing said number of quantum money tokens from the QS payment account of the user, when said QS payment account has enough quantum money tokens;

transferring said number of quantum money tokens from the QS payment account of the user to the QS payment account of the other user; and

sending an indication of the number of quantum money tokens withdrawn from the QS payment account of the user to the endpoint device of the user for updating an electronic wallet of said user.

2. The computer-implemented method of claim 1 , further comprising:

receiving a request from an endpoint device for creating a QS payment account;

performing know your own client and anti-money laundering checks on the user of the endpoint device;

in response to a positive KYC and AML checks, creating a QS payment account for the user and associating the QS payment account with the endpoint device of the user.

Assignments (1)

Priority Claims (1)

Continuity (1)

References Cited (49)

Cited By (1)

US 12,615,140