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:
Apr. 08, 2025
Filed:
Nov. 08, 2021
Verona Holdings Sezc, George Town, KY;
Jonathan Yantis, Grants Pass, OR (US);
William Edward Quigley, Pacific Palisades, CA (US);
Lukasz Jakub Sliwka, Long Beach, CA (US);
VERONA HOLDINGS SEZC, George Town, KY;
Abstract
A tokenization platform that utilizes smart contracts for facilitating token-based transactions for items is disclosed. The system includes an item management system that generates a virtual representation of an item based on item attributes thereof and that generates a smart contract that defines conditions for self-executing a transaction relating to the item. The system includes a tokenization system that generates a digital token that corresponds to the item that is cryptographically linked to the virtual representation thereof. The system also includes a ledger update system that updates a cryptographic ledger with the virtual representation, the digital token, and the smart contract corresponding to the virtual representation, wherein in response to determining that the set of verifiable conditions are satisfied, the smart contract instructs the ledger update system to transfer the digital token to an account of a user that transacted for the item.