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 comprising:
a PSE facility configured to receive precious metal thereto, retain precious metal therein, and release precious metal therefrom; and
a PSE service center configured to:
receive an external transfer request form from a PSE account holder;
confirm the external transfer request form with the PSE account holder;
determine, based on external transfer request form data, whether the external transfer request form is for an electronic fund transfer of value of precious metal units in the PSE system or a physical transfer of precious metal units out of the PSE system;
if the external transfer request form is for the electronic fund transfer,
determine an amount of the electronic fund transfer from the external transfer request form,
liquidate certified precious metal units from a PSE account holder account to cover a currency value of the amount, 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 including an engraved PSE identification indicia on a surface thereof,
transfer the amount to a target financial institution via ACH/IAT or wire based on the external transfer request form, and
update the PSE account holder account with any remaining currency value from the liquidation after an external transfer transaction;
if the external transfer request form is for the physical transfer,
communicate, via the PSE service center, with a PSE storage facility storing the certified precious metal units of the account holder designated for external transfer by the external transfer request form,
coordinate, via the PSE storage facility, with a non-PSE shipping transportation service provider;
de-process, via the PSE storage facility, the transferred certified precious metal unit of the account holder by removing the engraved PSE identification indicia via an instruction output to an equipment in the PSE system configured to remove the engraved PSE identification indicia, and update a certified precious metal record in a registry corresponding to the transferred certified precious metal to remove a certification status and ownership information and add de-processing status; and
wherein the PSE storage facility releases the de-processed designated precious metal into custody of the non-PSE shipping transportation service provider; and
update the PSE account holder account to reflect the transfer of former certified precious metal units.