Patented The Two-tiered Digital Currency Platform
2022.07.01
Patented The Two-tiered Digital Currency Platform
DeCurret DCP Inc. (HQ: Chiyoda-ward, Tokyo Japan, President & CEO: Satoshi Murabayashi, hereinafter "the Company") is pleased to announce that it has been granted a patent for the "Two-tiered Digital Currency Platform" being considered by the Digital Currency Forum, for which the Company serves as secretariat.
| Patent No. | Patent No. 7089143 |
| Title of Invention | Electronic Currency Management System |
| Registration Date | June 14, 2022 |
【Overview of the Two-tiered Digital Currency Platform】
The Two-tiered Digital Currency Platform being considered by the Digital Currency Forum will link two areas, called the Common Area and the Business Process Area, to mint, transfer, and burn the Two-tiered Digital Currency DCJPY (tentative name).
The Common area is the area where banks mint, transfer, and burn DCJPY, and provides functions for managing DCJPY balances and related operations, as well as a mechanism for banks to link with other systems. When using DCJPY, deposits are withdrawn from the bank account and the same amount is transferred to the digital currency account, or the Digital Currency is issued in the Common Area by remittance from the holder.
Business Process Areas exist on the platform and provide services and functions programmed to meet each business needs. Programmed smart contracts can link DCJPY to the flow of goods, settlements, etc.
Although DX is being promoted in various companies, it is seen that even though office work is digitized, the flow of money is not digitized. DCJPY can automate a series of processes from paperwork to settlement with smart contracts, thereby promoting DX in companies and governments.
This patent is a technology that enables businesses issuing the above digital currencies to manage digital currencies in a simplified manner.
*For more information on DCJPY, please refer to the white paper published in November 2021
https://www.decurret-dcp.com/.assets/forum_20211124wp_en.pdf
The vision of the Company is to contribute to the creation of an affluent society by digitizing the role of all currencies and values, and we will continue to promote our business toward the realization of privately issued Digital Currencies.