Invention Grant
- Patent Title: Secure real-time product ownership tracking using distributed electronic ledgers
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Application No.: US16715471Application Date: 2019-12-16
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Publication No.: US11775945B2Publication Date: 2023-10-03
- Inventor: Perry Aaron Jones Haldenby , Paul Mon-Wah Chan , John Jong Suk Lee , Yaniv Nathan
- Applicant: The Toronto-Dominion Bank
- Applicant Address: CA Toronto
- Assignee: The Toronto-Dominion Bank
- Current Assignee: The Toronto-Dominion Bank
- Current Assignee Address: CA Toronto
- Agency: Duane Morris LLP
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/10 ; G06Q20/40 ; G06F21/64 ; H04N5/913 ; G06Q20/36 ; G06Q10/0631 ; G06Q10/10 ; G06Q10/1093 ; G06Q50/08 ; G06F21/62 ; H04L9/08 ; G06Q50/18 ; H04L9/32 ; H04L9/40 ; G06Q10/08 ; G06Q30/0214 ; G06Q40/12 ; G06Q40/08 ; G06Q20/38 ; H04L9/00

Abstract:
A processor receives a signal representing data including event information detailing an event involving an entity having a registered ownership interest in a product and loads a portion of a distributed electronic ledger for tracking ownership information associated with the product. The distributed electronic ledger includes, within a block thereof and associated with the product, an event trigger list including entity data associated with each entity having a registered ownership interest in the product and a rules engine including rules associated with event triggers in the event trigger list. The processor determines whether a triggering event corresponding to the event is stored in the event trigger list and, when the event has a corresponding triggering event, determines the associated rule within the rules engine. The processor updates and saves the distributed electronic ledger by performing an action specified by the determined associated rule.
Information query