Blockchain tracking of a physical diamond token
AssigneeDiamond Standard Inc.
InventorCormac L. Kinney
Life of this patent
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AssigneeDiamond Standard Inc.
InventorCormac L. Kinney
Estimating the term…
A diamond asset comprising one or more diamonds and an encryption chip is used to asset-back a cryptographic token that can be used to conduct transactions. A user device executes an application programming interface configured to access a blockchain that stores a smart contract associated with the cryptographic token backed by the value of the one or more diamonds. When the user device receives an instruction to perform a transaction related to the cryptographic token, the user device causes the encryption chip to sign the smart contract. In response to determining that the smart contract was signed by the encryption chip, the user device causes the transaction to be performed.
A method comprising:
A system comprising:
A non-transitory computer-readable storage medium having stored thereon instructions that, when executed by one or more processors, cause the one or more processor to perform operations including:
Dependencies are inferred from the claim text.