Method and system for defining, creating, managing, and transacting multiple classes of digital objects
US12112318B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jul 22, 2021 |
| Grant date | Oct 8, 2024 |
| Priority date | — |
| Expiry date | Jan 6, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/3829
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system that can transfer tokens of multiple classes from issuers to recipients is disclosed. The system generates class-specific token specification that include parameters that must be satisfied for the first user to acquire, from another user of the system, any token that is created according to the class-specific token specification. The system will save the records for each of the class-specific token specifications to a digital ledger that is accessible to users of the system. When a transfer request is received for a particular token, the system will execute a smart contract by (a) accessing the digital ledger to verify that a class-specific token specification exists which corresponds to the class of the particular token, and (b) in response to the verifying write, to the digital ledger, a first ledger entry that includes a record indicating that the amount of the particular token has been transferred to the recipient.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.