Appeal No. 2006-2083
Reexamination Control No. 90/006,352
received is received irrevocably. The patentee’s specification discusses risks from fractional
banking and from national currency fluctuation.1
Claim 1 is the only independent claim and reads as follows:
1. An asset based electronic cash system comprising:
at least one storage site having secure facilities for storage
of a valuable commodity;
an inventory of a valuable commodity stored in said secure
facilities at a said storage site;
a computer system having:
means for maintaining records of the amount of said inventory of a
valuable commodity stored in said secure facility;
means for creating electronic coins, said electronic coins
comprising electronic data identifying a unique serial number and
a specified amount of said valuable commodity, and having a
digital signature for verifying that the electronic coins were created
by said computer system;
means for transmitting said electronic coins to a system user;
means for receiving said electronic coins from a payee of said
system user;
means for confirming that said electronic coins have not been
previously spent;
the total of the amounts of said electronic coins issued by
said computer system being less than or equal to the amount of
said inventory of a valuable commodity stored in said secure
facility;
said asset based electronic cash system permitting entities
to conduct financial transactions by transfer of said electronic
coins, whereby payment risk is eliminated.
1 Patent No. 5,983,207 of the underlying reexamination proceeding is a continuation-in-part of application
08/465,430, now Patent 5,671,364, and incorporates by reference the disclosure of application 08/465,430.
3
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: November 3, 2007