System and method for decentralized title recordation and authentication
US11514441B2 · kind B2 · utility
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13References
21Claims
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Key dates
| Filing date | Feb 22, 2021 |
| Grant date | Nov 29, 2022 |
| Priority date | — |
| Expiry date | Feb 22, 2041 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L9/50
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A decentralized property system and method allow ownership rights to be transferred directly from one party to another without requiring a central authority to operate or secure the system. Digital signatures provide a method to issue and transfer titles (“bitmarks”) within the system. Using a blockchain algorithm, distributed consensus on asset ownership can be achieved.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.