- Patent Title: Systems and methods for automated distribution of digital assets
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Application No.: US17840849Application Date: 2022-06-15
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Publication No.: US11954747B2Publication Date: 2024-04-09
- Inventor: Steven Quadros , Mykhaylo Bulgakov , Adnan Malik , Kevin P. Kelly , William Carroll , Adam Vukich , Abdelkader Benkreira
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee Address: US VA McLean
- Agency: TROUTMAN PEPPER HAMILTON SANDERS LLP
- Agent Christopher J. Forstner; John A. Morrissett
- Main IPC: G06Q50/00
- IPC: G06Q50/00 ; G06F16/23 ; G06F16/951 ; G06Q10/10 ; G06Q20/36 ; G06Q20/40 ; G06Q40/02 ; G06Q50/18 ; G06Q50/26

Abstract:
A method of distributing a smart will of a user, the method comprising: receiving a smart will creation request comprising: one or more beneficiary wallet identifiers, and asset distribution rules; creating, based on the smart will creation request, an estate smart contract, the estate smart contract being configured to authorize transfer of one or more assets registered to the estate smart contract to a storage location specified by an executor smart contract; receiving, by the executor smart contract, a death notification indicative of death of an owner of the estate smart contract; instructing the estate smart contract to transfer the assets from the estate smart contract to a trust smart contract; verifying, by the trust smart contract, that the beneficiary wallets are valid; and transferring, by the trust smart contract, one or more assets to the beneficiary wallets in accordance with the asset distribution rules.
Public/Granted literature
- US20220309600A1 SYSTEMS AND METHODS FOR AUTOMATED DISTRIBUTION OF DIGITAL ASSETS Public/Granted day:2022-09-29
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