Invention Grant
- Patent Title: System for tracking resources using non-fungible tokens
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Application No.: US18441657Application Date: 2024-02-14
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Publication No.: US12294659B2Publication Date: 2025-05-06
- Inventor: Michael Robert Young , James J. Siekman , Richard Seymour Scot
- 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 Anup Iyer
- Main IPC: H04L9/32
- IPC: H04L9/32 ; H04L9/00

Abstract:
Systems, computer program products, and methods are described herein for tracking resources using non-fungible tokens. The present invention is configured to receive a request for a non-fungible token (NFT) for a resource, wherein the resource is a physical object; initiate a non-fungible token (NFT) generator on the resource; generate a unique digital signature for the resource by generating a scanned image of the resource and identifying one or more features of the resource from the image; generate an NFT comprising a unique digital signature for the resource; determine a physical condition of the resource; store the physical condition of the resource in a first metadata layer associated with the NFT; and record the NFT for the resource on a distributed ledger.
Public/Granted literature
- US20240187250A1 SYSTEM FOR TRACKING RESOURCES USING NON-FUNGIBLE TOKENS Public/Granted day:2024-06-06
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