Invention Grant
- Patent Title: Systems and methods for tracking and transferring ownership of connected devices using blockchain ledgers
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Application No.: US14936833Application Date: 2015-11-10
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Publication No.: US11308461B2Publication Date: 2022-04-19
- Inventor: Perry Aaron Jones Haldenby , Rajan Mahadevan , John Jong Suk Lee , Paul Mon-Wah Chan , Orin Del Vecchio
- Applicant: The Toronto-Dominion Bank
- Applicant Address: CA Mississauga
- Assignee: The Toronto-Dominion Bank
- Current Assignee: The Toronto-Dominion Bank
- Current Assignee Address: CA Mississauga
- Agency: Duane Morris LLP
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/36 ; G06Q10/06 ; G06Q10/10 ; G06Q50/08 ; G06Q20/10 ; G06Q20/40 ; G06Q50/18 ; G06Q10/08 ; G06Q30/02 ; G06Q40/00 ; G06Q40/08 ; G06Q20/38 ; G06F21/64 ; H04N5/913 ; G06F21/62 ; H04L9/08 ; H04L9/32 ; H04L29/06

Abstract:
The disclosed embodiments include computerized systems and methods that generate secured blockchain-based ledger structures that facilitate event-based control of tracked assets. In one embodiment, an apparatus associated with a centralized authority of the secured blockchain-based ledger may detect an occurrence of an event, and may access and decrypt a set of rules hashed into the secured blockchain-based ledger using a confidentially-held master cryptographic key. The apparatus may identify a rule associated with the detected event, and perform one or more operations consistent with the rule and involving at least one of assets tracked within the secured blockchain-based ledger or an owner of a portion of the tracked assets. By way of example, the detected event may triggering a sale, transfer, and/or re-allocation of an ownership interest in a tracked asset, and the identified rule may specify a distribution of proceeds derived from the sale, transfer, and/or re-allocation.
Public/Granted literature
Information query