Thursday, March 15, 2018

More like a trademark

Global payment giant American Express may be looking into using blockchain to boost the speed of transactions.In a patent application released by the U.S. Patent and Trademark Office on Thursday, the credit card company's travel arm - the American Express Travel Related Services Company - describes using the tech to facilitate payments between two parties by using transaction requests as a proxy.
Bearer asset network is unpatentable, open source based on the spectre fix. So anyone can created a ledger to fit their market, just connect your ledger to escrow router. For web router, also unpatentable, the pipeline is notary a priori agreement on protocol. Router route by contract, ensures conditions met. Do both router methods, create your unique ledger.

Here is a big hint to bankers, your real ledger is the structured trade book, a distribution, an orderbook. Escrow router can honestly collect those distributions. Example, frequent flyer. Participating airlines report sales stats, by contract, guaranteed by escrow router. Buyers and sellers use the distribution to fill seats, empty seat is arbitrage moment, sandbox price and fill. When bankers help airlines fill seats bankers get large digits.

My orderbook is not a structured queue, frequent flyer runs a separate S&L pit. Open to all, I reckon. This gonna be loads of fun. Fiaters love this stuff.

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