Secure environment public register (SEPR)
A Secure Environment Public Register (SEPR) provides a method and system that allows precious metals in the shape of bar(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.
1 . A physical secure environment (PSE) system comprises:
a PSE service center configured to:
publish conversion prices based on precious metal type, quality, and weight, a target PSE processing facility and a target PSE storage facility;
receive a conversion form from a PSE account holder, the conversion form including options from published conversion prices, and information regarding non-PSE precious metal received by the target PSE processing facility;
send the conversion form information to the target PSE processing facility to determine any discrepancies in the received non-PSE precious metal to conversion form data from the PSE account holder;
a PSE processing facility configured to:
convert the non-PSE precious metal into certified precious metal unit(s) per conversion form data from the PSE account holder, wherein each of the certified precious metal units is a standard precious metal bar having specific uniform characteristics including a precious metal type, a material quality, and a weight; and
charge conversion costs of the precious metal of the PSE account holder by either reducing a certified precious metal unit value by the conversion costs, or charging the account holder to pay the conversion cost in a currency;
a PSE certification facility configured to:
certify the converted precious metal units and provide an instruction to an equipment disposed in the PSE system to engrave a CUSIP-type number and/or a unique serialized number on each certified precious metal unit; and
transmit certification information for the certified precious metal unit to the PSE service center to create a certified precious metal unit record for storage in a certified precious metal unit registry; and
a PSE shipping facility configured to:
coordinate with a PSE courier to transport the certified precious metal unit to the target PSE storage facility as designated in the conversion form,
ship the certified precious metal unit with the PSE courier along a PSE transportation route to the target storage facility, and
transmit shipping status information to the PSE service center to update transportation information in the certified precious metal unit record;
wherein the target PSE storage facility
receives the certified precious metal unit via PSE courier, and
transmits storage status information to the PSE service center to update storage information in the certified precious metal unit record; and
wherein the PSE service center updates the PSE account holder account with newly processed, certified, and stored certified precious metal unit.