Secure environment register system and method of operation
A method of conducting a client transaction with a portion of a total quantity of certified standard uniform characteristic (SUC) precious metal units held within a physically secure environment is provided. According to the method, a registration system is maintained containing unique precious metal identification information, physically secure location information and lot identification information of precious metal, and one of certification information or de-processing information of precious metal. The method allocates a portion of the certified SUC precious metal units in a first location within the physically secure environment to be associated with a first lot and creates a first private registry with corresponding records associated with the allocated portion of certified SUC precious metal units in the first location. The method authorizes at least one administrative privilege for the allocated SUC precious metal units of a lot for a trusted partner outside of the physically secure environment.
1 . A method of conducting a client transaction with a portion of a total quantity of certified standard uniform characteristic (SUC) precious metal units held within a physically secure environment, the method comprising:
providing the physically secure environment configured to receive precious metal thereto, retain precious metal therein, and release precious metal therefrom;
providing a registration system configured to record and maintain records containing precious metal identification, location, lot and certification information;
processing, within the physically secure environment, the received precious metal into one of a plurality of predetermined mass values and one of a plurality of predetermined purity values to thereby constitute a unit of certified SUC precious metal;
allocating, by the physically secure environment, at least a portion of a total quantity of certified SUC precious metal units in a first location within the physically secure environment to be associated with a first lot, and
creating a private registry with corresponding records associated with the at least one allocated portion of the certified SUC precious metal units in the first location;
authorizing a trusted partner outside of the physically secure environment to have authority to at least one of conduct and manage a client transaction on at least one of the allocated portion of the certified SUC precious metal units of the first lot on behalf of a trusted partner client;
conducting, by the trusted partner, a client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot; and
updating, by the trusted partner, an ownership record of the at least one of the allocated portion of the certified SUC precious metal units of the first lot based on the client transaction.
2 . The method of claim 1 , wherein conducting the client transaction by the trusted partner further comprises:
conducting the client transaction in a regional currency.
3 . The method of claim 1 , wherein updating the ownership record of the at least one of the allocated portion of the certified SUC precious metal units of the first lot further comprises:
assigning ownership information of the at least one allocated portion of the certified SUC precious metal units of the first lot in a corresponding record containing precious metal identification of the at least one of the allocated portion of the certified SUC precious metal units of the first lot.
4 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on an e-commerce financial transaction platform.
5 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a social media platform.
6 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on one of a banking or financial services provider platform.
7 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a brokerage institution platform.
8 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a trading company platform.
9 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a financing service platform.
10 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a financial payment platform.