Method, system and computer program product for collateralizing non-fungible tokens

Abstract

A method of creating a SMARTPASS with computed estimated value including, a SmartHub computer processor system and data network, method including: receiving electronic requests to validate/authorize members and a purchase reporting request from a buyer and a financing request from a supplier engaged in a trade transaction over the network; determining if the electronic requests from the buyer and supplier are authorized, if so, creating the SMARTPASS with computed estimated value on the purchase reporting request; saving/minting the SMARTPASS as a non-fungible token, assigning an initial NFT value; computing the estimated value, tariff, taxes, or other fees; updating a database of the SMARTPASS, NFT, and initial NFT value with updated value; determining if financing requested, and if so: posting an NFT proxy to a second blockchain public NFT repository, notifying parties of financing options, and notifying FinTech, DeFi or decentralized Lenders; or if not notifying FinTech, DeFi or decentralized Lenders.