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. 28, 2026
Filed:
Jul. 26, 2024
Tata Consultancy Services Limited, Mumbai, IN;
Jayantrao Mohite, Thane, IN;
Dineshkumar Singh, Thane, IN;
Suryakant Ashok Sawant, Pune, IN;
Sanat Sarangi, Thane, IN;
Vaibhav Sadashiv Lonkar, London, GB;
Mariappan Sakkan, Chennai, IN;
Srinivasu Pappula, Hyderabad, IN;
Ajay Mittal, Pune, IN;
TATA CONSULTANCY SERVICES LIMITED, Mumbai, IN;
Abstract
A method and system for dynamic value determination and performance based royalty calculation of non-fungible tokens (NFTs) created for agricultural assets is disclosed. The method enables reliable and authentic ownership tracking and the removal of frauds/biases affecting the valuation of the said asset(s), as all the transactions are recorded and visible to everybody on the platform. Various biases, such as location (or spatial), temporal or human judgment-based biases in the existing valuation systems are removed by having dynamic and performance-based valuation approach proposed in this invention. NFT valuations of farm diary and farm art have hardly been proposed in earlier works. Royalty or reward computations from agricultural NFTs has not been attempted. Thus, the method provides performance or creation-based (creation of IP, Knowledge base, Geographical Indication IP) royalties/rewards for the NFT owner or entities involved in the process.