US-12619711-B1 - Secure environment register system and method of operation

US12619711B1US 12619711 B1US12619711 B1US 12619711B1US-12619711-B1

Abstract

A method of conducting a client transaction with a portion of a total quantity of certified standard uniform characteristic (SUC) precious metal units held within a physically secure environment is provided. According to the method, a registration system is maintained containing unique precious metal identification information, physically secure location information and lot identification information of precious metal, and one of certification information or de-processing information of precious metal. The method allocates a portion of the certified SUC precious metal units in a first location within the physically secure environment to be associated with a first lot and creates a first private registry with corresponding records associated with the allocated portion of certified SUC precious metal units in the first location. The method authorizes at least one administrative privilege for the allocated SUC precious metal units of a lot for a trusted partner outside of the physically secure environment.

Inventors

Robert William Kocher

Assignees

P4 X GROUP, INC.

Dates

Publication Date: 20260505
Application Date: 20251003

Claims (10)

1 . A method of conducting a client transaction with a portion of a total quantity of certified standard uniform characteristic (SUC) precious metal units held within a physically secure environment, the method comprising: providing the physically secure environment configured to receive precious metal thereto, retain precious metal therein, and release precious metal therefrom; providing a registration system configured to record and maintain records containing precious metal identification, location, lot and certification information; processing, within the physically secure environment, the received precious metal into one of a plurality of predetermined mass values and one of a plurality of predetermined purity values to thereby constitute a unit of certified SUC precious metal; allocating, by the physically secure environment, at least a portion of a total quantity of certified SUC precious metal units in a first location within the physically secure environment to be associated with a first lot, and creating a private registry with corresponding records associated with the at least one allocated portion of the certified SUC precious metal units in the first location; authorizing a trusted partner outside of the physically secure environment to have authority to at least one of conduct and manage a client transaction on at least one of the allocated portion of the certified SUC precious metal units of the first lot on behalf of a trusted partner client; conducting, by the trusted partner, a client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot; and updating, by the trusted partner, an ownership record of the at least one of the allocated portion of the certified SUC precious metal units of the first lot based on the client transaction.
2 . The method of claim 1 , wherein conducting the client transaction by the trusted partner further comprises: conducting the client transaction in a regional currency.
3 . The method of claim 1 , wherein updating the ownership record of the at least one of the allocated portion of the certified SUC precious metal units of the first lot further comprises: assigning ownership information of the at least one allocated portion of the certified SUC precious metal units of the first lot in a corresponding record containing precious metal identification of the at least one of the allocated portion of the certified SUC precious metal units of the first lot.
4 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on an e-commerce financial transaction platform.
5 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a social media platform.
6 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on one of a banking or financial services provider platform.
7 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a brokerage institution platform.
8 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a trading company platform.
9 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a financing service platform.
10 . The method of claim 1 , wherein conducting, by the trusted partner, the client transaction on behalf of the trusted partner client using the at least one of the allocated portion of the certified SUC precious metal units of the first lot is conducted on a financial payment platform.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS This application is a continuation of U.S. patent application Ser. No. 18/933,425, filed on Oct. 31, 2024, which is a continuation of U.S. patent application Ser. No. 18/581,345, filed on Feb. 19, 2024, which is a continuation-in-part of U.S. patent application Ser. No. 18/376,776, filed on Oct. 4, 2023, and issued on Mar. 18, 2025 as U.S. Pat. No. 12,254,084, which is a continuation of U.S. patent application Ser. No. 17/986,037, filed on Nov. 14, 2022, and granted on Oct. 24, 2023 as U.S. Pat. No. 11,797,666, which claims the benefit of U.S. Provisional Patent Application No. 63/282,012, filed on Nov. 22, 2021, the contents of which are incorporate herein by reference, in their entirety. A system and method of operation for a physically secure environment configured to receive precious metal thereto, to retain precious metal therein, and release precious metal therefrom. The system may include a registration system configured to record and maintain records containing precious metal information and may be configured to allocate a portion of a total quantity of certified standardized uniform characteristic (SUC) of a precious metal unit in a first location within the physically secure environment to be associated with a first lot. The system may then create a private registry with corresponding records associated with the allocated portion of certified SUC precious metal units in the first location. BACKGROUND Field of the Invention This invention relates to the general field of storage, verifying of quality, diversion of storage locations and trading of physical precious metal with institutions, precious metal handlers, and individuals. Description of the Related Art For thousands of years, gold and other precious metals, such as silver, have been a key storage for wealth, currency and a safe haven during crisis. Precious metals have also been a traditional hedge against inflation. The current state of the art for ownership of precious metals is typically a precious metal fund that holds physical precious metals, for example, shares in an Electronically Trades Fund (ETF) “GLD” or owning physical precious metals. There are several options in owning physical precious metals. The first option is to buy and hold physical precious metals at home or in a safe location that you control. The more common approach is to own precious metals as part of a bank's physical holding. Withdrawing precious metals out of a bank is relatively complex because many investors want to store their precious metals in other countries such as Switzerland, Singapore, or United States. When precious metals are held offshore, there are significant problems getting access and transporting when an owner wants to withdraw the precious metal. Personal use of precious metals is also a significant problem. If someone is selling you an ounce of a precious metal, how do you know if it is real precious metal or the amount they claim? How do you know the purity of precious metal? Person-to-person transfer of precious metals is risky as is transporting of precious metals. Security and storage of precious metals is risky. Person-to-intuition transfer of precious metals, and the reverse, is also risky. Many of the current physical precious metals storage facilities state that you have a piece of a large precious metal block. This approach has the risk of the facility selling more pieces of precious metal than they physically have on hand. This can lead to a significant shortage should owners wish to withdraw their amount of precious metal. The prior art has not solved these problems in any way that the common man can avoid the significant risks of owning and trading physical precious metals. Transferring precious metals from one country to another involves a lot of local and international rules and regulations. From all of the above, there exists a need for a system that overcomes the above-described problems associated with the current state of the art. BRIEF SUMMARY It should be appreciated that this Summary is provided to introduce a selection of concepts in a simplified form that are further described below in the Detailed Description. This Summary is not intended to be used to limit the scope of the claimed subject matter. In some aspects, the techniques described herein relate to a physically secure environment system including: a physically secure environment configured to receive precious metal thereto, to retain precious metal therein, and release precious metal therefrom; a registration system configured to record and maintain records containing unique precious metal identification information, physically secure location information of precious metal, lot identification information of precious metal, and one of certification information or de-processing information of precious metal; wherein the physically secure environment system being configured to receive precious metal thereto by inspecting the p