SYSTEM AND METHOD FOR ISSUING, CIRCULATING AND TRADING FINANCIAL INSTRUMENTS WITH SMART FEATURES

摘要

A first device for conducting a peer-to-peer transaction with a second device is provided. The first device includes a memory and a communication interface. The first device is configured to provide a unique address for a virtual instrument stored in the first device, the unique address indicating an intent of trading status and transferability of the virtual instrument. Based on the intent of trading status and transferability of the virtual instrument, the virtual instrument is transferred over the peer-to-peer communication network to a receiving network address of the second device without involving a remote entity device. Data record of the transfer is created after completion of the transfer, and then communicated to the remote entity device.