Patents Assigned to BLOCX LLC
  • Patent number: 11080687
    Abstract: A system may include a blockchain network, a trust entity, and multiple user devices. A smart contract of the blockchain network may be configured to receive data from the trust entity and transfer digital stable tokens to a first user's cryptocurrency wallet. The first user may generate a blockchain transaction on the blockchain network in order to transfer some digital stable tokens to a second user. The second user may cash out some of the digital stable tokens via a smart contract of the blockchain network. The smart contract may send an instruction to the trust entity's computing system to transfer fiat currency into a financial account of the second user. A token cross-chain bridge may also facilitate the exchange of cryptocurrency for digital stable tokens.
    Type: Grant
    Filed: July 15, 2020
    Date of Patent: August 3, 2021
    Assignee: BLOCX LLC
    Inventor: Anna Vladi