The only relevant things in a patent are the claims. Usually all you need to do is read claim #1 and see if it either exists already or doesn't - or whether it actually describes what you're worried about infringing.
In this case:
Claims
1. Method for use in a decentralized electronic transfer system, the method comprising the steps of:
- Generating a first digital code representing a first transaction from a first user's secure repository to the first user's unsecure repository;
- Sending the digital code to a secure storage memory related to the unsecure repository to be stored in an area of the memory;
- Generating by a processor related to the unsecure repository a second digital code representing a second transaction from the unsecure repository to the second user's repository;
- Connecting the processor to the internet;
And the subsequent steps of :
- Retrieving by the processor the first digital code stored in the secure storage memory;
Publishing by the processor via the internet connection of the retrieved digital code to validate the first transaction;
Publishing by the processor via the internet connection of the second digital code to validate the second transaction .
One of the limiting factors above would be "a secure storage memory related to the unsecure repository". That seems slightly uncommon. Also, it seems both transactions (secure repository to unsecure repository as well as unsecure repository to second user) needs to be published. I guess that happens naturally if they're both Bitcoin transactions.
So, either there's not an issue due to the "secure storage memory" or this describes something already done. Any takers?
(Yes, I do patent claim reading professionally)