Using a nested random number-based security ecosystem for block chains for electronic cash tokens and other embodiments

1. An Electronic Token (ET) system comprising a transaction block chain that securely documents a financial transaction between a plurality of users and between the plurality of users and a plurality of authorized financial institutions, the transaction block chain configured for the creation of ETs, by at least one of the plurality of authorized financial institutions, in exchange for funds or an equivalent monetary value of the ETs, the system comprising:

a processing system comprising at least one processor circuit; and

at least one memory that stores program instructions, that, when executed, configure the processing system to:

receive a request for transferring an ET from a first account associated with a first user to a second account associated with a second user, the first account being associated with a first ownership block of a first ownership block chain;

generate a transaction block for the transaction block chain, the transaction block being associated with a first set of two random identification numbers, a first random identification number of the two random identification numbers being generated for and assigned to the transaction block, and a second random identification number of the two random identification numbers being further associated with the first ownership block associated with the first user;

generate a second ownership block associated with the first user, the second ownership block being associated with a second set of random number identifications, a first random identification number of the second set being the first random identification number of the first set and a second random identification number of the second set being generated for and assigned to the second ownership block;

generate a third ownership block associated with the second user, the third ownership block being associated with a third set of random identification numbers, a first random identification number of the third set being the first random identification number of the first set and a second random identification number of the third set being generated for and assigned to the third ownership block; and

securely maintain the transaction block, the first ownership block, the second ownership block, and the third ownership block at an independent institution independent of the plurality of authorized financial institutions,

wherein the first user of the plurality of users purchases the ET from at least one authorized financial institution of the plurality of authorized financial institutions.

2. The system of claim 1 , wherein generation of the transaction block, the first ownership block, and the second ownership block are performed securely, to prevent unauthorized access to and use of the ET system, via a public/private key encryption security protocol to exchange data files.

3. The system of claim 2 , wherein the ET system comprises a secure random number identification database maintained by the independent institution for the plurality of authorized financial institutions,

wherein the independent institution comprises an Electronic Token Transfer Treasury (ETTT).

4. The system of claim 3 , wherein the ETTT handles all ET transactions for the plurality of authorized financial institutions instead of each authorized financial institution of the plurality of authorized financial institutions.

5. The system of claim 1 , wherein the first account and the second account are held by their respective authorized financial institutions of the plurality of authorized financial institutions, and are respectively accessible on-line by the first user and the second user.

6. The system of claim 1 , further comprising banking ET system software enabling any user of the plurality of users to redeem their respective ETs for funds at any authorized financial institution of the plurality of authorized financial institutions.

7. The system of claim 1 , wherein once in the transaction block chain, funds for ETs or ETs for funds transactions are conducted outside the plurality of authorized financial institutions.

8. The system of claim 1 , wherein the transaction block and the first ownership block are stored via a write-protected memory.

9. The system of claim 8 , wherein the write-protected memory comprises at least one of:

a write-once, read many (WORM) memory; or

a read-only memory (ROM).

10. A method for securely documenting a financial transaction between a plurality of users and between the plurality of users and a plurality of authorized financial institutions, comprising:

creating an electronic token (ET) by at least one of the plurality of authorized financial institutions, in exchange for funds or an equivalent monetary value of the ETs;

receiving a request for transferring the ET from a first account associated with a first user to a second account associated with a second user, the first account being associated with a first ownership block of a first ownership block chain;

generating a transaction block for a transaction block chain, the transaction block being associated with a first set of two random identification numbers, a first random identification number of the two random identification numbers being generated for and assigned to the transaction block, and a second random identification number of the two random identification numbers being further associated with the first ownership block associated with the first user;

generating a second ownership block associated with the first user, the second ownership block being associated with a second set of random number identifications, a first random identification number of the second set being the first random identification number of the first set and a second random identification number of the second set being generated for and assigned to the second ownership block;

generating a third ownership block associated with the second user, the third ownership block being associated with a third set of random identification numbers, a first random identification number of the third set being the first random identification number of the first set and a second random identification number of the third set being generated for and assigned to the third ownership block; and

securely maintaining the transaction block, the first ownership block, the second ownership block, and the third ownership block at an independent institution independent of the plurality of authorized financial institutions,

wherein the first user of the plurality of users purchases the ET from the at least one authorized financial institution of the plurality of authorized financial institutions.

11. The method of claim 10 , wherein generation of the transaction block, the first ownership block, and the second ownership block are performed securely, to prevent unauthorized access to and use of the ET system, via a public/private key encryption security protocol to exchange data files.

12. The method of claim 10 , wherein the transaction block and the first ownership block are stored via a write-protected memory.

13. The method of claim 12 , wherein the write-protected memory comprises at least one of:

a write-once, read many (WORM) memory; or

a read-only memory (ROM).

14. The method of claim 10 , wherein the first account and the second account are held by their respective authorized financial institutions of the plurality of authorized financial institutions, and are respectively accessible on-line by the first user and the second user.

15. The method of claim 10 , further comprising providing banking ET system software enabling any user of the plurality of users to redeem their respective ETs for funds at any authorized financial institution of the plurality of authorized financial institutions.

16. A computer-readable storage medium having program instructions recorded thereon that, when executed by at least one processor of a processing system, perform a method for securely documenting a financial transaction between a plurality of users and between the plurality of users and a plurality of authorized financial institutions, the method comprising:

creating an electronic token (ET) by at least one of the plurality of authorized financial institutions, in exchange for funds or an equivalent monetary value of the ETs;

receiving a request for transferring the ET from a first account associated with a first user to a second account associated with a second user, the first account being associated with a first ownership block of a first ownership block chain;

generating a transaction block for a transaction block chain, the transaction block being associated with a first set of two random identification numbers, a first random identification number of the two random identification numbers being generated for and assigned to the transaction block, and a second random identification number of the two random identification numbers being further associated with the first ownership block associated with the first user;

generating a second ownership block associated with the first user, the second ownership block being associated with a second set of random number identifications, a first random identification number of the second set being the first random identification number of the first set and a second random identification number of the second set being generated for and assigned to the second ownership block;

generating a third ownership block associated with the second user, the third ownership block being associated with a third set of random identification numbers, a first random identification number of the third set being the first random identification number of the first set and a second random identification number of the third set being generated for and assigned to the third ownership block; and

securely maintaining the transaction block, the first ownership block, the second ownership block, and the third ownership block at an independent institution independent of the plurality of authorized financial institutions

wherein the first user of the plurality of users purchases the ET from the at least one authorized financial institution of the plurality of authorized financial institutions.

17. The computer-readable storage medium of claim 16 , wherein the first account and the second account are held by their respective authorized financial institutions of the plurality of authorized financial institutions, and are respectively accessible on-line by the first user and the second user.

18. The computer-readable storage medium of claim 16 , wherein generation of the transaction block, the first ownership block, and the second ownership block are performed securely, to prevent unauthorized access to and use of the ET system, via a public/private key encryption security protocol to exchange data files.

19. The computer-readable storage medium of claim 16 , wherein the transaction block and the first ownership block are stored via a write-protected memory.

20. The computer-readable storage medium of claim 19 , wherein the write-protected memory comprises at least one of:

a write-once, read many (WORM) memory; or

a read-only memory (ROM).