Method and apparatus to tokenize natural resources
US11836688B1 · kind B1 · utility
1Cited by
13References
20Claims
0Family size
Inventor
Key dates
| Filing date | Jul 28, 2021 |
| Grant date | Dec 5, 2023 |
| Priority date | — |
| Expiry date | Mar 25, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The invention teaches a value exchange for natural resources that is transparent and assured by a layer of distributed trust where tokenized inventory collateralizes derivative products, which enables the inventory to be monetized while located anywhere in the world including in major buying hubs, whereby suppliers, buyers and market makers can execute and settle authenticated transactions, both outright sales and derivative transactions, for natural resources in near real time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.