Method and apparatus for tokenization of a natural resource
US12327240B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 3, 2021 |
| Grant date | Jun 10, 2025 |
| Priority date | — |
| Expiry date | Mar 11, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q2220/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer method for tokenizing a natural resource includes receiving, via a graphical user interface (GUI), data corresponding to proof of natural resource rights to explore for, produce, mine, and/or harvest a natural resource in a specified region by a first party. The method includes receiving, via the GUI, a digital signature from a first party assigning at least a portion of the natural resource rights to a first quantity of distributed ledger tokens. The method includes issuing, with the server computer, the first quantity of distributed ledger tokens, each of the distributed ledger tokens carrying a smart contract entitling the bearer to a fractional amount of the at least a portion of the natural resource rights and crediting, with the server computer, a second quantity of the issued distributed ledger tokens to the first party.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.