Invention Grant
- Patent Title: Systems and methods for using smart contracts to control the trade, supply, manufacture, and distribution of commodities
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Application No.: US17892684Application Date: 2022-08-22
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Publication No.: US11810162B2Publication Date: 2023-11-07
- Inventor: Joseph D. Preston , Dan Alan Preston , Trinitie Marie Vance , Brett C. Simpson , Peter Albert Madakson , William R. Rieger
- Applicant: Clarovia Holdings, LLC
- Applicant Address: US WA Bainbridge Island
- Assignee: Clarovia Holdings, LLC
- Current Assignee: Clarovia Holdings, LLC
- Current Assignee Address: US WA Bainbridge Island
- Agency: POLSINELLI PC
- Main IPC: G06Q30/0283
- IPC: G06Q30/0283

Abstract:
The present principles are directed to systems and methods for providing a trading system cooperatively integrated with manufacturing control and distribution systems, and, more specifically, to provide a trading, clearance, settlement, and depository for securities, commodities, and their derivatives (collectively “securities”) that utilize asset-backed, virtualized data tokens and blockchain technology to facilitate price discovery and automated transactions at all stages of the asset development, manufacturing, and distribution of commodities.
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