Asset-backed digital security tokens
AssigneeAlitheon, Inc.
InventorsJustin Lynn Withrow, David Justin Ross
Life of this patent
Estimating the term…
Abstract
A rights server system comprises a combination of digital fingerprint authentication techniques, processes, programs, and hardware that facilitate the creation, assignment, management, and enforcement of rights related to a physical object. An unspoofable, secure linkage is created between a physical object and an associated digital file through a digital fingerprint of the object. The digital fingerprint must be unambiguously derived from the object. The rights server manages interests in the physical object through issuing digital tokens which are linked to the associated digital file. Digital tokens linked to and backed by the physical object can serve as a type of currency or medium of exchange of real value.
Claims22
A method of inducting a physical object into a rights management system, the method comprising:
- acquiring a digital fingerprint of the physical object;
- creating an associated digital file (“ADF”) of the physical object in a secure datastore;
- storing the digital fingerprint of the physical object in the ADF, so as to securely and uniquely link the ADF to the physical object as a digital counterpart in an unspoofable manner;
- initializing a digital ledger stored in or linked to the ADF, the digital ledger storing at least one asset-backed token representing an interest in or transaction affecting the physical object;
- and
- updating the digital ledger to realize transactions that utilize the at least one asset-backed token to exchange real value backed by the physical object.
A rights server system comprising:
- a digital processor to execute stored program code;
- and
- a secure datastore operatively coupled to the digital processor,
- the datastore including an associated digital file (“ADF”) of a physical object, wherein the ADF includes a digital fingerprint extracted from the physical object, thereby linking the ADF to the physical object,
- the program code arranged to cause the digital processor, upon execution of the program code, to:
- initialize a transaction ledger in ADF;
- tokenize a physical object by creating a digital token and securely linking the token to the physical object by storing the token in the ADF linked to the physical object, wherein creation of the token is under supervision or control of a trusted entity that has been authenticated to the rights server system, and wherein the digital token represents and specifies an interest in the physical object;
- transfer the digital token to a party;
- and
- update the ledger and the digital token in the ADF to reflect the transfer of the token.
Dependencies are inferred from the claim text.