Invention Grant
- Patent Title: Implementing non-fungible tokens and a distributed trust computing network for purposes of assessing resource volume of contents stored in a secure container
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Application No.: US17680656Application Date: 2022-02-25
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Publication No.: US12086793B2Publication Date: 2024-09-10
- Inventor: Saurabh Uprit
- Applicant: BANK OF AMERICA CORPORATION
- Applicant Address: US NC Charlotte
- Assignee: BANK OF AMERICA CORPORATION
- Current Assignee: BANK OF AMERICA CORPORATION
- Current Assignee Address: US NC Charlotte
- Agency: Moore & Van Allen PLLC
- Agent James C. Edwards
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q20/02 ; G06Q20/38 ; H04L9/32

Abstract:
Intelligent assessment of the resource volume associated with physical objects stored in a secure container. Digital images of the contents/physical objects and evidentiary artifacts associated with the objects are captured and used to assess an initial resource volume. In specific embodiments, Non-Fungible Token(s) are generated using the digital image and the initial resource volume as inputs. Subsequently, nodes of a distributed trusts computing network are tasked with determining a current resource advancement volume for the NFT(s) based on the current demand, current resource advancement providers assessment and the initial resource volume. As a result of the present invention, a secure container holder or entity having an interest in the contents of the secure container is able to take otherwise idle property (i.e., the contents/objects in the secure container) and use them to create a tradeable commodity in the form of an NFT and/or leverage resource liquidity.
Public/Granted literature
Information query