The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 11, 2024
Filed:
Mar. 26, 2022
Inveniam Capital Partners, Inc., New York, NY (US);
Patrick D. O'Meara, Northville, MI (US);
Richard Gates Bunker, Jr., Jenkintown, PA (US);
Quentin Vidal, Brooklyn, NY (US);
Scott Jason Landers, Madison Heights, MI (US);
Jeannette L. Spaulding, Miami, FL (US);
Kevin M. Cuddeback, Medford, MA (US);
Sanjay Vatsa, Manalapan, NJ (US);
David Todd Stevens, Short Hills, NJ (US);
Michael Carlo Creadon, Chicago, IL (US);
Christos Alkiviadis Polyzois, Bloomington, MN (US);
Inveniam Capital Partners, Inc., New York, NY (US);
Abstract
A computer system processes a digital representation of an illiquid asset, to confirm accuracy of the digital representation and value of the asset, and generates an asset-information table indicating where the various sections of the digital representation are stored. The system also generates an asset-value token, financial-return tokens, and a data structure that includes a self-executing program. The program associates the asset-value token with the financial-return tokens, so that the illiquid asset becomes a collateral for a decentralized loan transaction implemented using blockchain technology. The use of blockchain technology for decentralized loan transactions enables immutable data traceability.