DETAILED ACTION
Notice of Pre-AIA or AIA Status
The present application, filed on or after March 16, 2013, is being examined under the first inventor to file provisions of the AIA .
Status of Claims
This action is in reply to the application filed on 10/20/2023.
Claims 11-30, and 40-116 are cancelled.
Claims 1-10, 31-39, and 119-124 are withdrawn.
Claims 117-118 are currently pending and have been examined.
Specification
The abstract of the disclosure is objected to because the abstract exceeds 150 words. A corrected abstract of the disclosure is required and must be presented on a separate sheet, apart from any other text. See MPEP § 608.01(b).
Claim Rejections - 35 USC § 101
35 U.S.C. 101 reads as follows:
Whoever invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof, may obtain a patent therefor, subject to the conditions and requirements of this title.
Claims 117-118 are rejected under 35 U.S.C. 101 because the claimed invention is directed to a judicial exception (i.e., a law of nature, a natural phenomenon, or an abstract idea) without significantly more.
In the instant case, claim 117 is directed to a method.
Abstract ideas are in bold below, and represents a managing pooled financial instruments which is a grouped under “Certain methods of organizing human activity — fundamental economic practices” in prong one of step 2A (MPEP 2106.04(a)).
A method for operating a network comprising:
receiving, by a transpositive node, a request by a client node, to transpositively link on a dynamic and continuous basis variable-volume, fixed-value instruments with fixed-volume, variable-value instruments;
generating, by the transpositive node, a transaction instance, documented by a transaction instance record, wherein generating the transaction instance comprises recording the transaction instance record in a storage of the transpositive node;
determining, by the transpositive node, the value of the transaction instance to be generated, which is linked in equivalence of value with the value of the variable-volume, fixed-value instruments used to acquire the transaction instance, wherein determining the value of the transaction instance comprises recording the value of the transaction instance in the storage of the transpositive node;
generating, by the transpositive node, interests in pooled units, which are the fixed-volume, variable-value instruments, wherein generating the interests in pooled units comprises recording the interests in pooled units in the storage of the transpositive node;
determining, by the transpositive node, an initial aggregate value of the interests in pooled units, which is linked in equivalence of value with the value of the transaction instance at the initiation of the transpositive link, wherein determining the initial aggregate value comprises recording the initial aggregate value of the interests in pooled units in the storage of the transpositive node;
determining, by the transpositive node, the quantity of the interests in pooled units to be generated by dividing the initial aggregate value of the interests in pooled units to be generated by the unit value of a target fixed-volume, variable-value instrument, wherein determining the quantity of the interests in pooled units to be generated comprises recording the quantity of the interests in pooled units to be generated in the storage of the transpositive node;
determining, by the transpositive node, the quantity of units of the target fixed- volume, variable-value instrument to be transferred into a fixed-volume, variable-value unit pool, which is linked in equivalence of quantity with the quantity of the interests in pooled units, wherein determining the quantity of units of the target fixed-volume, variable-value instrument to be transferred into a fixed-volume, variable-value unit pool comprises recording the quantity of units of the target fixed-volume, variable-value instruments to be transferred into the fixed-volume, variable value unit pool, in the storage of the transpositive node;
determining, by the transpositive node, a value of each interest in pooled units, which is linked in equivalence of value with the value of each unit of the target fixed- volume, variable-value instrument, wherein determining the value of each interest in pooled units comprises recording the value of each interest in pooled units in the storage of the transpositive node;
determining, by the transpositive node, an ongoing value of each interest in pooled units, which is linked in equivalence of value with the ongoing value of each unit of the target fixed-volume, variable-value instrument, wherein determining the ongoing value of each interest in pooled units comprises recording the ongoing value of each interest in pooled units in the storage of the transpositive node; and
determining, by the transpositive node, an ongoing quantity of the variable-volume, fixed-value units, which is linked in equivalence of value with the ongoing value of each interest in pooled units, wherein determining the ongoing quantity of the variable-volume, fixed-value units comprises recording the ongoing quantity of the variable-volume, fixed-value units in the storage of the transpositive node.
The additional elements of claim 1 such as “the transpositive node” and “in the storage of the transpositive node” represent the use of a computer as a tool to perform an abstract idea and/or does no more than generally link the abstract idea to a particular field of use.
The claim(s) does/do not include additional elements that are sufficient to amount to significantly more than the judicial exception. As discussed above with respect to integration into a practical application, the additional elements amount to no more than mere instructions to apply the abstract idea of using generic computer components. The claim elements when considered separately and in an ordered combination, do not add significantly more than implementing the abstract idea of managing pooled financial instruments.
Hence, claim 117 is not patent eligible.
Dependent claim 118 recites additional details which only further narrow the abstract idea and do not add any additional features, alone or in combination, that would provide a practical application or provide significantly more.
The claims as a whole do not amount to significantly more than the abstract idea itself. This is because the claims do not affect an improvement to another technology or technical field, the claims do not amount to an improvement to the functioning of a computer system itself, and the claims do not move beyond a general link of the use of an abstract idea to a particular technological environment.
Accordingly, there are no meaningful limitations in the claims that transform the judicial exception into a patent eligible application such that the claims amount to significantly more than the judicial exception itself.
Prior Art of Record Not Currently Relied Upon
The prior art does not specifically teach or render obvious:
determining, by the transpositive node, the quantity of units of the target fixed- volume, variable-value instrument to be transferred into a fixed-volume, variable-value unit pool, which is linked in equivalence of quantity with the quantity of the interests in pooled units, wherein determining the quantity of units of the target fixed-volume, variable-value instrument to be transferred into a fixed-volume, variable-value unit pool comprises recording the quantity of units of the target fixed-volume, variable-value instruments to be transferred into the fixed-volume, variable value unit pool, in the storage of the transpositive node;
determining, by the transpositive node, a value of each interest in pooled units, which is linked in equivalence of value with the value of each unit of the target fixed- volume, variable-value instrument, wherein determining the value of each interest in pooled units comprises recording the value of each interest in pooled units in the storage of the transpositive node;
determining, by the transpositive node, an ongoing value of each interest in pooled units, which is linked in equivalence of value with the ongoing value of each unit of the targetfixed-volume, variable-value instrument, wherein determining the ongoing value of each interest in pooled units comprises recording the ongoing value of each interest in pooled units in the storage of the transpositive node; and
determining, by the transpositive node, an ongoing quantity of the variable-volume, fixed-value units, which is linked in equivalence of value with the ongoing value of each interest in pooled units, wherein determining the ongoing quantity of the variable-volume, fixed-value units comprises recording the ongoing quantity of the variable-volume, fixed-value units in the storage of the transpositive node.
Leshner (US 2021/0065302 A1) Teaches: Methods for polling and transferring digital assets.
Hertzog (US 2020/0027067 A1) Teaches: Method for exchanging and evaluating virtual currency.
Ramadoss (US 2020/0042989 A1) Teaches: Asset backed tokens.
Lutnick (US 2020/0302492 A1) Teahces: Exchange for fractional interests and usage rights in a collection of assets.
Ehrlich -Quinn (US 11,151,549 B2) Teaches: Cryptographic and fiat currency mechanics.
Conclusion
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/GREGORY M JAMES/Examiner, Art Unit 3692
/RYAN D DONLON/Supervisory Patent Examiner, Art Unit 3692 March 27, 2026
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