Bank of America Corporation

Mei Lin

Brandon Matthew Castagna

Alfred James Reed

Lisa Snow Pugh

This application describes an autonomous system for utilizing a non-fungible token ('NFT') to manage dynamic operational conditions applied to bank account. The autonomous system may include a dynamic NFT stored on a distributed ledger. The dynamic NFT may include non-editable fields and editable fields. The autonomous system may include a static NFT stored on the distributed ledger. The dynamic and static NFTs may be linked to an account. The static NFT may define operating conditions for the non-editable account number. The autonomous system may include a smart contract that executes on the distributed ledger. The smart contract may detect a change in a value stored in the editable field of the dynamic NFT. The smart contract may locate operating conditions stored in the static NFT. Based on the operating conditions and the value, the smart contract may take action to manage the corresponding account.

Operational lifecycle management using a dynamic non-fungible token

Apparatus and methods for utilizing non-fungible tokens ('NFTs') for payment redemption and remittances are provided. A payor may use a computer program product to create an NFT. The NFT may include a digital envelope and metadata. The digital envelope may include one or more payment terms as a payment statement and the payment funds. The NFT may be transferred to a digital wallet belonging to a payee. The payee may select an option to redeem the payment funds. The payment funds may be transferred to the payee per the selection.

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Addison, TX, United States of America

Mei Lin