ELECTRONIC CERTIFICATE SWAP METHOD AND SYSTEM

Abstract

A method enabling an exchange of all kinds of goods, money and even services with each other and a system, wherein in the system the method is applied has been developed without touching an exchange feature of a money. By linking a physical world with electronic applications, the method and the system guarantees to be scalable, actionable any time of a day, simultaneous changeable, while guaranteeing an ownership transfer and a physical possession of an asset acquired at any time. A system infrastructure also enables new trade types, wholesale or retail secure e-commerce, and a development of new products for a financial system. Exchanging space or time benefits of goods of a same kind without intermediaries or to transfer a benefit unilaterally is also provided.

Claims

1. A method providing swapping assets simultaneously regardless of whether the assets are at a same secured storage point or a different secured storage point by agreed conditions and owners do not need to come together or use an intermediary institution, comprising the following step: a. an electronic certification, wherein the electronic certification makes the assets, stored at a secured storage point, dematerialized for electronically transferring the assets to others, b. a supply explaining intention and conditions to transfer an electronic certificate to the others, c. a demand, describing the intention and conditions to acquire the electronic certificate when needed, d. bargains, that provides the providing parties to agree on appropriate conditions, e. a competition, that selects the selecting a most advantageous bid to a swap among more than one willing counterparty, f. the swap providing a simultaneous electronic certificate exchange on the agreed conditions, g. a swap of a pledge providing to transfer a pledged electronic certificate to a lender when there is a failure to return the electronic certificate borrowed for a certain period in return of the pledged electronic certificate in spite of the certain period is expired.

2. The method according to claim 1, wherein the electronic certification comprises: identification of electronic certificates issued by secure storage points included in a system, storing data of a bound asset and making dividable parts of the electronic certificate interchangeable with other electronic certificates in the system.

3. The method according to claim 1, wherein the supply explaining the intention and conditions to transfer the electronic certificate in a system user wallet to the others comprises the following process steps: a. a private supply allowing only defined persons to accept a supply offer, b. a public supply allowing to accept the supply to whoever interested in the supply offer, c. a combined supply allowing an acceptance of different supply offer conditions to different people or groups.

4. The method according to claim 3, wherein private supply allowing only the defined persons to accept the supply offer comprises the supply offer configured to be made directly to the defined persons.

5. The method according to claim 3, wherein the public supply allowing to accept the supply to whoever interested in the supply offer comprises: providing to invite system users to accept the supply offer, and showing the supply offer in searches.

6. The method according to claim 3, wherein the combined supply allowing the acceptance of the different supply offer conditions to the different people or groups, comprises: providing private supply conditions to private system users with a private supply service while offering the different supply offer conditions to the others with a public supply service.

7. The method according to claim 1, wherein the demand describing the intention and conditions to acquire the electronic certificate needed comprises the following steps: d. a search scanning a system limited with wallets of permitted system users to find information of required electronic certificates, e. a private demand allowing anyone to propose to a system user holding a required electronic certificate and to accept a demand offer by a holder of the required electronic certificate, f. a public demand allowing to accept the demand offer of a demander by any holders of the required electronic certificate.

8. The method according to claim 7, the search scanning the system limited with the wallets of the permitted system users to find the information of the required electronic certificates, comprises: finding the electronic certificates suitable with requirements of the permitted system users.

9. The method according to claim 7, wherein the private demand allowing anyone to propose to the system user holding the required electronic certificate and to accept the demand offer by the holder of the required electronic certificate comprises: ensuring a request is met by directly identified system users.

10. The method according to claim 7, wherein the public demand allowing accepting the demand offer of the demander by any holders of the required electronic certificate comprises: allowing the public demand can to be met by any system user and the demand offer appears in searches.

11. The method according to claim 1, wherein the bargains providing the parties to agree on the appropriate conditions comprises the following steps: g. a bid enabling a system user to present different conditions, wherein conditions in the supply or the demand reach private persons or public, h. a counter bid rejecting the bid received and providing a new counter offer, i. a reconciliation enabling the parties to agree on the conditions for the swap.

12. The method according to claim 11, wherein the bid enabling the system user to present the different conditions, wherein in the different conditions the conditions in the supply or the demand reach the private persons or the public comprising providing the system user to inform acceptable conditions to a supplier or a demander instead of rejecting unacceptable offers.

13. The method according to claim 11, wherein the counter bid rejecting the bid received and providing the new counter offer comprises: providing favorable conditions to system users interested in supply offers or demand offers.

14. The method according to claim 11, wherein the reconciliation enabling the parties to agree on the conditions for the swap comprises: closing supply or demand offers records to bidding of the others upon the reconciliation of the parties, and blocking electronic certificates subject to the reconciliation for the swap.

15. The method according to claim 1, wherein the competition selecting the most advantageous bid to swap among the more than one willing counterparties comprises: the following steps: j. an auction providing to permit more than one bids and/or an acceptance for a supplied electronic certificate until the certain period of time expired, k. a reverse auction providing to permit the more than one bids and/or an acceptance for a demanded electronic certificate until the certain period of time expired, l. a determination of a valid offer for the swap when a determined time is expired.

16. The method according to claim 15, wherein the auction providing to permit the more than one bids and/or the acceptance for the supplied electronic certificate until the certain period of time expired comprises: blocking for using in another swap and also withdrawing from the system, of the electronic certificate subjected to the auction by a party accepting conditions of the supply until the certain period of time expired, in case of offering an advantageous acceptance from other users by increasing an amount of an offer before the certain period of time expired, canceling and unblocking a previous acceptance and blocking the electronic certificate subjected to the auction for a recent acceptance.

17. The method according to claim 15, wherein the reverse auction providing to permit the more than one bids and/or the acceptance for the demanded electronic certificate until the certain period of time expired comprises: blocking for using in another swap and also withdrawing from the system, of the electronic certificate subjected to the reverse auction by a party accepting conditions of the demand until the certain period of time expired, in case of offering an advantageous acceptance from other users by decreasing an amount of an offer before the certain period of time expired, canceling and unblocking a previous acceptance and blocking the electronic certificate subjected to the reverse auction for a recent acceptance.

18. The method according to claim 15, wherein the determination of the valid offer for the swap when the determined time is expired comprises: closing to biddings of the others and strict blocking for the swap of supply records and/or demand records of electronic certificates taking into account a recent valid acceptance at a time when a term is completed.

19. The method according to claim 1, wherein the swap providing the simultaneous electronic certificate exchange on the agreed conditions comprises accepting supply or demand offers, providing reconciliation in the bargains, determining a recent valid offer in the competition, transferring electronic certificates subjected to a transaction in wallets of the parties simultaneously to a wallet of another party.

20. The method according to claim 1, wherein the swap of the pledge providing to transfer the pledged electronic certificate to the lender when the failure to return the electronic certificate borrowed for the certain period in return of the pledged electronic certificate in spite of the certain period is expired comprises: determining according to a recent situation after checking whether the electronic certificate borrowed has been returned within the certain period, transferring the electronic certificate subject to the pledge to a wallet of the lender, or removing the pledge on the electronic certificate freeing a borrower to use the electronic certificate.

Description

BRIEF DESCRIPTION OF THE DRAWINGS

[0030] In order for the present invention to be understood and its advantages in conjunction with additional elements, it should be evaluated together with the figures described below.

[0031] The exchange between 3 assets is shown for easy understanding of the figure; there is no unit limitation in the system.

[0032] FIG. 1: This is a general flow chart showing the working variations of the system subject to the invention.

[0033] FIG. 2: It is a private supply or demand flow chart for certain persons for the exchange of certificates defined in the system.

[0034] FIG. 3: Public supply or demand flow chart for the exchange of certificates defined in the system.

[0035] FIG. 4: The Bargains flow chart in the tramp of certificates defined in the system.

[0036] FIG. 5: It is the flow diagram that provides the displacement effect of the goods owned by the swap of the electronic certificate of the same values in different locations.

[0037] FIG. 6: Flow chart of electronic certificates, the request of which is limited for a certain period from secure storage points that makes the time limit ineffective by swapping with limitless electronic certificates.

[0038] FIG. 7: Flow chart of the pledge mechanism that protects the property right regarding the borrowed electronic certificates.

REFERENCE NUMBERS

[0039] FIG. 1—Flow Chart of the Electronic Certificate Swap System

[0040] diagrams [0041] 10 The Electronic Certificate Swap System-system [0042] 11 agricultural product [0043] 12 product certificate issued for agricultural product [0044] 13 licensed warehouse that stores agricultural product and issues an electronic product certificate [0045] 14 stocks [0046] 15 electronic stocks certificate issued for stocks [0047] 16 the registrar that stores the stocks and issues an electronic stocks certificate [0048] 17 money [0049] 18 electronic money certificate issued for money kept in the fund account [0050] 19 electronic money institution that issues an electronic money certificate against the money deposited in the fund account

[0051] Transactions [0052] 101 physical process: delivery of the agricultural product of the owner to the licensed warehouse [0053] 102 issuance process: issuance of product certificate for the agricultural product received by the licensed warehouse [0054] 103 transfer process: transferring the electronic product certificate to the owner's wallet in the system [0055] 104 application of smart contract: proposal/acceptance of swapping product certificate with stocks certificate—corresponding to transaction 113 [0056] 105 operational transaction: swapping product certificate with stocks certificate—simultaneously with transaction 114 [0057] 106 exit from the system: request to actually withdraw the agricultural product represented by the product certificate from the licensed warehouse [0058] 107 transfer process: return of the electronic product certificate to the licensed warehouse wallet [0059] 108 repeal process: the licensed warehouse repeals the electronic product certificate and withdraws it from the circulation [0060] 109 physical process: delivery of the agricultural product to the recent owner of the electronic product certificate by the licensed warehouse [0061] 110 physical transaction: delivery of the stocks to the registry [0062] 111 issuance process: registrar's issuance of electronic share certificate for the stocks [0063] 112 transfer process: transferring the electronic stocks certificate to the owner's wallet in the system [0064] 113 application of smart contract: proposal/acceptance of swapping electronic stocks certificate with electronic product certificate—corresponding to transaction 104 [0065] 114 operational transaction: swapping electronic stocks certificate with electronic product certificate—simultaneously with 105 [0066] 115 application of smart contract: proposal/acceptance of swapping electronic stocks certificate with electronic money certificate—corresponding to transaction 124 [0067] 116 operational transaction: swapping electronic stocks with certificate electronic money certificate—simultaneously with 125 [0068] 117 exiting from the system: request to deliver the stocks represented by the electronic stocks certificate from the registrar [0069] 118 transfer transaction: return of the electronic stocks certificate to the registrar's wallet [0070] 119 repeal process: the registrar repeals the electronic stocks certificate and withdraws it from the circulation [0071] 120 physical transaction: submission of the stocks to the recent certificate owner by the registrar [0072] 121 deposit process: deposit of money into the fund account of the electronic money institution [0073] 122 issuance process: issuance of electronic money certificate for the money deposited in the fund account of the electronic money institution [0074] 123 transfer process: transfer of the electronic money certificate to the owner's wallet in the system [0075] 124 application of smart contract: proposal/acceptance of swapping electronic money certificate with electronic stocks certificate—corresponding to transaction 115 [0076] 125 operational transaction: swapping of electronic money certificate with electronic stocks certificate—simultaneously with 116 [0077] 126 exit from the system: request for reimbursement of the money represented by the electronic money certificate from the electronic money institution [0078] 127 transfer process: transfer of the electronic money certificate to the electronic money institution's wallet [0079] 128 repeal process: the electronic money institution repeals the electronic money certificate and withdraws it from the circulation [0080] 129 physical transaction: electronic money issuing institution's refunding the money

[0081] FIG. 2—Flow Chart of the Private Supply/Demand

[0082] Diagrams [0083] 21 first system user wallet [0084] 22 first identification number of the wallet holder [0085] 23 first electronic certificate in the wallet [0086] 24 second system user wallet [0087] 25 second identification number of the wallet holder [0088] 26 second electronic certificate in the wallet

[0089] Transactions [0090] 201 swap

[0091] FIG. 3—Flow Chart of the Public Supply/Demand

[0092] Diagrams [0093] 30 bid board [0094] 31 first system user wallet [0095] 32 first identification number of the wallet holder [0096] 33 first electronic certificate in the wallet [0097] 34 second system user wallet [0098] 35 second identification number of the wallet holder [0099] 36 second electronic certificate in the wallet [0100] 37 third system user wallet [0101] 38 third identification number of the wallet holder [0102] 39 third electronic certificate in the wallet

[0103] Transactions [0104] 301 the announcement of the certificate in the first wallet on the bid board [0105] 302 counter bid or acceptance of the certificate in the second wallet for swap [0106] 303 counter bid or acceptance of the certificate in the third wallet for swap [0107] 304 swap

[0108] FIG. 4—Flow Chart of the Bargains

[0109] Diagrams [0110] 40 alignment board [0111] 41 first system user wallet [0112] 42 first identification number of the wallet holder [0113] 43 first electronic certificate in the wallet [0114] 44 second system user wallet [0115] 45 second identification number of the wallet holder [0116] 46 second electronic certificate in the wallet

[0117] Transactions [0118] 401 the bid with the certificate in the first wallet [0119] 402 counter lower bid with the certificate in the second wallet from expected swap value [0120] 403 the new bid with the certificate in the first wallet lower than the bid at transaction [0121] 401 and higher than the bid at transaction 402 for the swap [0122] 404 acceptance of the bid at transaction 403 [0123] 405 swap

[0124] FIG. 5—Flow Chart of Asset Displacement

[0125] Diagrams [0126] 50 first system user [0127] 51 safe storage point in city a [0128] 52 product X placed at the safe storage point in city A [0129] 53 first system user wallet [0130] 54 electronic certificate of the product X in city A [0131] 55 second system user [0132] 56 safe storage point in city B [0133] 57 product X placed in a safe storage point in city B [0134] 58 second system user wallet [0135] 59 electronic certificate of product X in city B

[0136] Transactions [0137] 501 delivery of product X to the safe storage point in city A by the first system user [0138] 502 electronic certificate issuance about the product X in city A [0139] 503 swapping electronic certificate of product X in city A with the electronic certificate of product X in city B [0140] 504 physical delivery request of product in city A [0141] 505 physical delivery of the products in city A to the second system user [0142] 506 delivery of product X to the safe storage point in city B by the second system user [0143] 507 electronic certificate issuance about product X in city B [0144] 508 swapping electronic certificate of product X in city B with the electronic certificate of product X in city A

[0145] FIG. 6—Flow Chart of Asset's Time Benefit Change

[0146] Diagrams [0147] 60 first system user [0148] 61 financial institution [0149] 62 deposited money for certain term [0150] 63 first system user wallet [0151] 64 electronic term deposit certificate [0152] 65 second system user [0153] 66 money [0154] 67 second system user wallet [0155] 68 electronic money certificate

[0156] Transactions [0157] 601 first system user's depositing his money to the financial institution for a certain term [0158] 602 issue of electronic term deposit certificate [0159] 603 swapping electronic term deposit certificate with electronic money certificate [0160] 604 second system user's depositing money at the financial institution [0161] 605 electronic money certificate issuance [0162] 606 swapping electronic money certificate with electronic term deposit certificate [0163] 607 requesting the money from the financial institution [0164] 608 refunding the money to first system user

[0165] FIG. 7—Flow Chart of the Swap of Pledge

[0166] Diagrams [0167] 70 first system user [0168] 71 first safe storage point [0169] 72 asset P, delivered to first safe storage point by first system user [0170] 73 asset P, delivered to first safe storage point by second system user [0171] 74 first system user wallet [0172] 75 electronic asset certificate [0173] 76 second system user [0174] 77 second safe storage point [0175] 78 product X, delivered to second safe storage point by second system user [0176] 79 second system user wallet [0177] 791 electronic asset certificate [0178] 792 electronic product certificate [0179] 793 pledge mechanism

[0180] Transactions [0181] 701 delivering of asset P to the first secure storage point by the first system user [0182] 702 issuance of the electronic asset certificate of asset P and transferring it to the first system user wallet by the first secure storage point [0183] 703 first system user transfer of the electronic asset certificate to the second system user's wallet the against the pledging of electronic product certificate [0184] 704 transfer of electronic asset certificate to the first safe storage point by the second system user [0185] 705 delivery of asset P to the second system user by the first safe storage point [0186] 706 delivery of product X to second safe storage point by the second system user [0187] 707 issuance of the electronic product certificate of product X and transferring it to the second system user wallet by the second secure storage point [0188] 708 second system user's allowing pledge of the electronic product certificate against the electronic asset certificate transferred to its wallet and pledging of the electronic product and temporarily limitation of possession rights of second system user on electronic product certificate [0189] 709 delivery of asset P to first safe storage point by the second system user [0190] 710 issuance of the electronic asset certificate of asset P and transferring it to the second system user wallet by the first secure storage point [0191] 711 transfer of borrowed electronic asset certificate to the first system user by the second system user [0192] 712 if the borrowed electronic asset certificate is not returned to the first system user at the specified time, pledged electronic product certificate is swapped with it instead of being the return to the second system user [0193] 713 in case the borrowed electronic asset certificate is returned to the first system user before the specified time, the pledge on the electronic product certificate is removed and possession rights of the second system user is released

DETAILED DESCRIPTION OF THE EMBODIMENTS

[0194] The Electronic Certificate Swap System is a system that provides electronically swapping of the dematerialized asset by keeping under protection at the safe storage points without any time limit. And it also provides to swap of the ownership (partially or completely) of these records at the specific secure storage point with other electronic certificates defined in the system regardless of whether other system users have accounts at that secure storage point. In FIG. 1, we show the registrar that issues the electronic certificate of the stocks by securing the stocks to represent the capital market transactions, licensed warehouse that issues electronic product certificates by securing agricultural products to represent product market transactions and electronic money institution that issues electronic money certificates by depositing the money at a bank to represent the financial market. Any electronic certificate issued in areas with legal regulations and regulated by legally defined secure storage points can be used in the system. Electronic certificates issued by the custodial organizations that work on the unregulated or incomplete regulated areas, can be included in the system. All kinds of values, such as crypto currencies, electronic bills or electronic bonds that can be certified in the system, can also be subject to swap. Three products and three certification bodies were considered sufficient to explain the invention.

[0195] Assets or rights (11, 14, and 17) are delivered by their owners to the secure storage points (13, 16, and 19) where these values will be kept.

[0196] The licensed warehouse (13) creates a record for the agricultural product delivered to it and issues an electronic product certificate (12) and identifies the record to the owner's wallet in the system. In this way, the electronic product certificate can be transferred by the owner to other system users within the system rules.

[0197] The registrar (16) creates a record for the stocks delivered to it by the owner and issues an electronic stocks certificate (15) and identifies the record to the owner's wallet in the system. In this way, electronic stocks certificate can be transferred by the owner to other system users within the system rules.

[0198] The electronic money institution (19) creates a record for the money deposited in the fund account and issues an electronic money certificate (18) and identifies the record to owner's wallet in the system. In this way, the electronic money certificate can be transferred by the owner to other system users within the system rules.

[0199] Those who have electronic certificates defined in their wallets in the system are required to submit an offer to the other party in order to transfer these electronic certificates and to accept the offer in return for the electronic certificate required by the submitter (104:113 and 115:124). The system carries out the certificate exchange requests approved by both parties at the same time (105:114 and 116:125).

[0200] The person who receives the electronic product certificate in exchange for the electronic stocks certificate may continue to use the electronic product certificate in the system, or he can exit the system by requesting the agricultural product physically from the licensed warehouse (106) which a secure storage point. When the electronic product certificate in the wallet is transferred to the licensed warehouse wallet (107), the licensed warehouse cancels the electronic product certificate and closes the registration of the agricultural product (108) and delivers the agricultural product physically to the electronic product certificate's recent owner (109).

[0201] The new owner who receives the electronic stocks certificate in exchange for the electronic product certificate may continue to use the electronic stocks certificate in the system, or he can exit the system by requesting the stocks physically from the registrar. Before the electronic stocks certificate is exchanged with the electronic money certificate, the owners should also ensure mutual offer and acceptance (115:124) compatibility. As soon as proposals match with acceptances for this swap, the transfers of electronic stocks certificate and electronic money certificate for swapping occur simultaneously (116:125).

[0202] The system user who changed his electronic stocks certificate with an electronic money certificate, may continue to use the electronic money certificate in the system, or may request that the money refund from the electronic money institution (126) to exit the system. When the electronic money certificate is transferred to the electronic money issuer wallet (127), the electronic money issuer cancels the electronic money certificate and closes its registration and pays the money back to the bank account of the recent certificate holder (129).

[0203] The person who receives the electronic stocks certificate in exchange for the electronic money certificate may continue to use the electronic stocks certificate, or request the stocks from the registrar (117) to exit the system. When the electronic stocks certificate in the wallet is transferred to the registrar wallet (118), the registrar cancels the electronic stocks certificate (119) and closes the registration of the stocks and delivers the stocks to the recent certificate holder (120). While the transaction is completed with the mutual performance of two people in the physical swap, more than one electronic certificate swap operation can take place until the physical swap is completed with the system. As it can be seen in FIG. 1, although there is no swap operation between the stocks owner and the money owner, the stocks have reached to the money owner. When owner want to convert the agricultural products into money, but if money holder prefers stocks to product, first he swap products with the stocks because of money holder's willing on stocks and then after being stocks holder he swap stocks with the money to reach the main purpose. Without affecting the purchase function of money but also without using money, system also eliminates to need to be mutual ownership of necessary assets, while swapping assets to meet the necessities.

[0204] For swapping, two asset and owners of these assets must meet and their intentions must reach each other. In FIG. 2 and FIG. 3, the methods of coming together of the swap parties are given. In FIG. 2, shown the direct interaction when parties know each other. In order to sending supply or demand order in the system for a system user's (22) swapping an electronic certificate (23) in its wallet (21) with another electronic certificate (26) in another system user's (25) wallet (24) first system user (22) has to known the identification number of second system user (25). This order can only be seen by two these system users and the offer can only be accepted by the second user. As soon as the second user accepts the proposal, swap transaction realize automatically (201). In FIG. 3, parties who are not known of each other can interact via the supply/demand board. When a system user (32) wants to swap the electronic certificate (33) in his wallet (31), but does not know the any appropriate person to whom he can send supply/demand order, he can sends his offer to the supply/demand board (301) which other system users (35 and 38) can see. Other users can see the orders from the supply/demand board and when they accept any of them (302 and 303), swapping (304) is completed simultaneously. When more than one user wants to send acceptance to the order in the supply/demand board (30), since the first acceptance will triggered swap, the remaining acceptances cannot be able to send to the board. Supply/demand orders owners can withdraw their offers before they are accepted.

[0205] Both private and public supply/demand offers do not have to be accepted with the conditions in the offers. Other system user can make counter offers instead of acceptance. FIG. 4 shows the agreement with bargains.

[0206] When a system user (42) creates supply/demand offer (401) to swap the electronic certificate (43) in his wallet (41), the other system user (45) may send counter offer a lesser amount from his certificate (40) his wallet (44). Since the offer and acceptance do not match, the swap process will not take place. However, the first system user (42) may renew his offer at a lower level than the previous one (403), the other party (45) may submit a new counter offer, or unless their final offer is accepted in any stage, the parties may change their offers by lowering or rising as they want. When a certain period is not specified, the swap (405) occurs as soon as reconciliation (404) is achieved. If a certain period is determined, the conditions of the swap are determined according to the situation at the time of expiration.

[0207] A system user can transfer the benefits of the electronic certificates in economy ecosystem that he is in to other system user with swapping. FIG. 5 indicates location efficiency exchange and FIG. 6 indicates the time efficiency exchange.

[0208] In FIG. 5, there are system users in two different places with the same type of assets. While it does not matter where the asset's being for one of the users of the system, for other user, there may be a superior benefit in assets being in that place. First system user (50) delivers (501) his products (52) to the warehouse (51) in city A, the electronic product certificate (54) is issued (502) and transferred to the first system user's (50) wallet (53). Second system user (55) delivers his products (57) to the warehouse (56) in city B (506), the electronic product certificate (59) is issued (507) and transferred to the second system user's (55) wallet (58). First system user (50) and the second system user (55) swap (503:508) electronic product certificates (54:59). Second system user (55) physically requests (504) the products (52) in city A (504) with the electronic product certificate (54) transferred to her wallet (58) and receives these products in city A (505). Second system user can transfer his product from city B to city A without bearing any transportation expense and risk and can receive it physically from the warehouse. First system user can now receive his product, which is now in the city of B, physically, or continue to use it in the system for the swapping operations.

[0209] In FIG. 6, there are two system users in the financial institution with time and demand deposits. One of the users of the system does not need to use the money for a certain period of time, and the money is already in the checking account. The other keeps his money in time deposit, but also needs cash before maturity, in case he breaks the maturity, he would give up and lose the accumulated yields. First system user (60) deposits (601) his money (62) to the financial institution (61) on a term basis, and an electronic time deposit certificate (64) is issued (602) and transferred to the first system user's (60) wallet (63). Second system user (65) deposits (604) his money (66) at the financial institution (61) (there is no obligation to be the same financial institution), an electronic money certificate (68) is issued (605) and transferred to the second system user's (65) wallet (67). First system user (60) and the second system user (65) swap the time deposit certificate and the electronic money certificate (64:68) (603: 606). First system user (60) request (607) the money deposited to the financial institution (61) with the electronic money certificate (68) that transferred to his wallet (63) and withdraw (608) the money. By this method first system user met their cash needs without breaking down the time deposits. Second system user can wait for the time of the term deposit expire, as well as continue to use it in the system.

[0210] In FIG. 7, it is shown that although there are no swap conditions between two system users, lending of one system user's of his electronic certificate to the other system user that needs it, and, the return status of the borrowed electronic certificate.

[0211] First system user (70) delivers (701) the P asset (72) to the first secure storage point (71). First secure storage point (71) issues the electronic asset certificate (75) and transfer (702) to the wallet (74) of the system user (70). Second system user (76) delivers (706) the X product (78) to the second secure storage point (77). Second secure storage point (77) issues the electronic product certificate (792) and transfer (702) to the wallet (79) of the system user (76). First system user (70) transfer (703) the electronic asset certificate (75) in his wallet (74) to the second system user's (76) wallet (79) in return of a pledge applied on the electronic product certificate (792) in the second system user's (76) wallet (79) in pledge mechanism. Second system user (76) transfers (704) the electronic product certificate (75) in his wallet (79) to first secure storage point (71) and first secure storage point (71) delivers (705) asset P (72) to second system user (76). Second system user (76) delivers (709) the asset P (73) to the first secure storage point (71), the first secure storage point (71) issues and transfers (710) electronic asset certificate (791) to the second System user (76) wallet (79). Second system user (76) transfers (711) the electronic asset certificate (791) in his wallet (79) to the first system user (70) wallet (71), pledge mechanism (793) removes the pledge on the electronic product certificate (792) after completion of return process (711) and frees (713) the certificate possession rights in the second system user (76) wallet (79). If the return process (711) has not been made despite the set time, the pledge mechanism (793) transfers (712) the pledged electronic product certificate (792) to the first system user (70) wallet (71).