Digital Asset Holdings (DAH) has joined the growing number of startups and incumbents looking to file patents related to distributed ledger tech. The patent application for an "Intermediary Electronic Settlement Platform", filed in April and published by the US Patent and Trademark Office on Friday, is for a method of trading a wide range of traditional digital assets on a distributed ledger, including, but not limited to, a blockchain. Among the key differentiators between DAH’s solution and more traditional open-source blockchains are an attention to regulatory demands and a diverse set of demands upon the network’s nodes. From the patent : "Some nodes, such as signing servers, for example, may optionally store only a partial copy of the distributed blockchain." In addition to providing a modified version of how distributed nodes operate, the patent makes explicitly clear that it is designed to serve as a more regulatory-friendly way to trade a number of assets, including fungible assets, references to title for an asset and other obligations and authorizations. While all the nodes on the bitcoin blockchain perform the same tasks of mining the cryptocurrency and auditing the network’s transaction history, DAH’s network features specialized functionality. Specifically, the settlement platform includes some nodes that store a complete version of the data history on multiple interface servers, client machines, a persistence unit, a cache unit and a coordination unit coupled to the data server. But this isn’t the only difference between Digital Asset’s platform and a public blockchain. The network also include multiple provisions to help make it easier for platform’s users to be compliant with required standards of transparency, risk management and regulation. From the application: "By utilizing a digital asset intermediary electronic settlement platform in accordance with the principles of the present inventive concept, trusted third parties can continue […]
