This is a different tech. Seems like tokenization that is currently used in some CC systems.
Also BTC does not charge a fee to verify transaction.
To me this is not block chain technology.
Topic: How does this patent affect bitcoin ? (Read 1008 times)
We found a patent that seems to cover sending and recieveing funds via bitcoin - how does this affect bitcon and bitcoin based companies ?
http://www.google.com/patents/US20080195499
"A system for peer-to-peer commerce includes electronic wallets 14 for storing electronic token files 12. The electronic tokens can be passed from wallet to wallet without oversight of a third party. At any time, the owner of a token can verify the validity of a token for a fee, but such verification is not needed to conduct commerce. The electronic tokens include a field which can be used to restrict tokens to a specific purpose or to prevent use on specific goods and services."
Would love to hear feedback on this!
http://www.google.com/patents/US20080195499
"A system for peer-to-peer commerce includes electronic wallets 14 for storing electronic token files 12. The electronic tokens can be passed from wallet to wallet without oversight of a third party. At any time, the owner of a token can verify the validity of a token for a fee, but such verification is not needed to conduct commerce. The electronic tokens include a field which can be used to restrict tokens to a specific purpose or to prevent use on specific goods and services."
Would love to hear feedback on this!
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