“Financial futures father” to seek encryption money hardware patents

nnnIn recent days, Richard Sandor, who has the “father of financial futures” and “the father of carbon trading,” filed an application for a patent for an encrypted currency, entitled “Real delivery of secure electronic storage devices for digital money at the time of the transaction” Details the hardware concepts of digital currency storage related to derivatives contracts. It is reported that not long ago, the Chicago Board Options Exchange (CBOE) has just released the news that it plans to launch products in the second half of this year, while CME is also seeking to encrypt currency-related intellectual property rights.n
nnTranslation: Clovern
nTo promote the early development of futures contracts and the famous American economists and businessmen are currently applying for an encryption currency patent.n
nAccording to Time magazine, Richard Sandor, former chief economist and vice president of the Chicago Mercantile Exchange, promoted the use of financial futures in the 1970s, winning the title of “the father of financial futures” And won the “father of carbon trading” title.n
nIt is noteworthy that, in the United States Patent and Trademark Office on August 10 released “transaction when the actual delivery of digital electronic secure electronic storage device” patent application, Sandor ranked first in the three inventors.n
nCurrently, Sandor is chairman and CEO of Environmental Financial Products LLC, and is also one of the patent applicants. The patent application details the hardware concepts of digital currency storage related to derivatives contracts.n
nThe application reads:n
nn”The present invention relates to a method for promoting digital currency transactions, comprising storing a certain amount of digital money in electronic form on an electronic storage device or an electronic register; and storing the storage device or the electronic registration form in a tangible form in a secure actual storage Library, the actual repository can not be publicly accessed through a storage device or electronic register, and can be used to subsequently deliver digital money.n
nnThis is the latest submission of derivative money related to encrypted currency, and just before the news that the Chicago Board Options Exchange (CBOE) plans in the second half of this year launched the field of products.n
nCompanies like CME have also turned to intellectual property related to encrypted currencies. As previously reported by CoinDesk, the CME patent application shows interest in the coin mining derivatives.n

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