Multiple asset types with embedded rules

US11120504B2 · kind B2 · utility

Assignee

• eShares, Inc. · US

Inventors

• Japjit Tulsi · Los Altos, US
• Jerry Talton · Redwood City, US
• Daniel Fike · Elmhurst, US
• Neeraj Jain · Bloomington, US

Key dates

• Filing date: Nov 23, 2020
• Grant date: Sep 14, 2021
• Expiry date: Nov 23, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems for storing multiple asset types with embedded rules to simplify storage and enable simple and friction-free transactions. One of the methods includes: representing a plurality of asset types using a plurality of standard asset ownership units, each standard asset ownership unit representing a specific asset type; using a roll-up node configured to group specified standard asset ownership units; embedding standard asset unit ownership rules in each standard asset ownership unit, the standard asset ownership unit rules describing permitted behaviors for a specified asset type; embedding roll-up rules in the roll-up node, the roll-up rules including specification of which standard asset ownership units are grouped into the roll-up node, the standard asset ownership unit rules and the role-up rules being based on rules templates; receiving a request for information; and in response to the request, providing information based at least in part on data from the roll-up node.