Tokenization of social impact on the blockchain and related methods
US11816733B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Dec 18, 2019 |
| Grant date | Nov 14, 2023 |
| Priority date | — |
| Expiry date | Dec 18, 2039 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L9/50
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
Systems and methods for tokenization of social good. A disclosed method includes encoding a smart contract based on a plurality of project parameters for a social impact project, wherein the smart contract includes at least one self-executing code; and issuing a token to a user based on an investment made by the user, wherein issuing the token to the user further comprises recording a first transaction on a blockchain indicating that the user owns the token, wherein each of the at least one self-executing code is configured to record a second transaction on the blockchain based on the plurality of project parameters and data related to progress of the social impact project, wherein each second transaction includes a respective transfer of funds via the token issued to the user.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.