# US 12,120,234 B2 · Establishing a contingent action token

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- Number: US 12,120,234 B2
- Document ID: US12120234B2
- Status: Granted
- Kind: B2
- Application number: 17/959,662
- Filed: 2022-10-04
- Published: 2023-11-09
- Granted: 2024-10-15
- Earliest claimed: 2022-05-09
- Assignees: 2BC Innovations, LLC
- Applicants: 2BC Innovations, LLC
- Inventors: Gary W. Grube
- Web page: https://patentgrep.com/patent/US12120234B2

## CPC

- H04L 9/3213: {using tickets or tokens, e.g. Kerberos (network architectures or network communication protocols for entities authentication using tickets in a packet data network H04L63/0807)}
- G06Q 20/3678: {e-cash details, e.g. blinded, divisible or detecting double spending}
- G06Q 20/38215: {Use of certificates or encrypted proofs of transaction rights}
- G06Q 20/389: {Keeping log of transactions for guaranteeing non-repudiation of a transaction}
- G06Q 40/04: Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
- G06Q 40/06: Asset management; Financial planning or analysis
- G06Q 40/08: Insurance
- H04L 9/0825: {using asymmetric-key encryption or public key infrastructure [PKI], e.g. key signature or public key certificates}
- H04L 9/3236: {using cryptographic hash functions}
- H04L 9/3247: {involving digital signatures}
- H04L 9/50: {using hash chains, e.g. blockchains or hash trees}
- G06Q 2220/00: Business processing using cryptography
- G06Q 2220/10: Usage protection of distributed data files
- H04L 2209/56: Financial cryptography, e.g. electronic payment or e-cash
- H04L 2209/603: Digital right managament [DRM]
- H04L: TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION (arrangements common to telegraphic and telephonic communication H04M)
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

A method executed by a computing device includes determining whether baseline content associated with a longevity-contingent instrument is qualified for a proposed a non-fungible token (NFT) for an object distributed ledger. The baseline content includes an obligation provider identifier (ID) and an outcome recipient ID. When the baseline content is qualified, the method further includes determining an exposure level for the NFT and establishing NFT content. The method further includes causing generation of a new block affiliated with the NFT via a blockchain of the object distributed ledger, where the new block includes the NFT content.

## Claims

### Claim 1

A computer-implemented method of using a computing system for utilizing an object distributed ledger, the method comprising:
issuing, by a user computing device of the computing system to a control computing device of the computing system, a digital record of baseline content associated with a longevity-contingent instrument for subsequent utilization in establishing of a non-fungible token (NFT) to be represented on the object distributed ledger, the digital record of the baseline content comprising an obligation provider identifier (ID) and an outcome recipient ID, wherein the obligation provider ID is associated with providing of an obligation tied to an obligation recipient ID in accordance with obligation requirements, wherein the outcome recipient ID is associated with a result of a triggered outcome tied to an outcome provider ID in accordance with contingent outcome rules and an obligation status, wherein a positive obligation status indicates that the obligation has historically been provided in accordance with the obligation requirements;
identifying, by the control computing device, an accreditation authority computing device of the computing system based on at least one of the obligation recipient ID and the obligation provider ID;
generating, by the accreditation authority computing device, baseline validation information utilizing the at least one of the obligation recipient ID and the obligation provider ID from the control computing device;
indicating, by the control computing device, that the baseline content is qualified when the baseline validation information is the same as the baseline content;
determining, by the control computing device, an exposure level for the NFT based on an availability status of the digital record of the baseline content of the longevity-contingent instrument when the baseline content is qualified, the availability status comprising one of available within a first timeframe for a set of utilizations and available within a second timeframe for a second set of utilizations, wherein the exposure level includes one of hidden without exposure, a private portion of the object distributed ledger, and a public portion of the object distributed ledger;
establishing, by the control computing device, NFT content to include the baseline content and the exposure level for the NFT when the exposure level includes one of the private portion of the object distributed ledger and the public portion of the object distributed ledger;
obtaining, by the control computing device, a copy of a portion of the object distributed ledger;
hashing, by the control computing device, the NFT content utilizing a receiving public key of the object distributed ledger to produce a next transaction hash value;
encrypting, by the control computing device, the next transaction hash value utilizing a private key of the control computing device to produce a next transaction signature;
generating, by the control computing device, a next block of the blockchain of the object distributed ledger to include the NFT content and the next transaction signature; and
causing, by the control computing device, inclusion of the next block in the object distributed ledger.

### Claim 2 (depends on 1)

The method of claim 1, wherein the establishing the NFT content to include the baseline content and the exposure level for the NFT comprises:
identifying the portion of the object distributed ledger based on the exposure level; and
encrypting the baseline content to produce the NFT content for the portion of the object distributed ledger when the exposure level includes the private portion of the object distributed ledger.

### Claim 3

A computing system, the computing system comprising:
a user computing device comprising a first interface, a first local memory, and a first processor operably coupled to the first interface and the first local memory;
a control computing device comprising a second interface, a second local memory, and a second processor operably coupled to the second interface and the second local memory; and
an accreditation authority computing device comprising a third interface, a third local memory, and a third processor operably coupled to the third interface and the third local memory;
wherein the first processor performs functions to:
issue, via the first interface to the control computing device, a digital record of baseline content associated with a longevity-contingent instrument for subsequent utilization in establishing of a non-fungible token (NFT) to be represented on the for an object distributed ledger, the digital record of the baseline content comprising an obligation provider identifier (ID) and an outcome recipient ID, wherein the obligation provider ID is associated with providing of an obligation tied to an obligation recipient ID in accordance with obligation requirements, wherein the outcome recipient ID is associated with a result of a triggered outcome tied to an outcome provider ID in accordance with contingent outcome rules and an obligation status, wherein a positive obligation status indicates that the obligation has historically been provided in accordance with the obligation requirements;
wherein the second processor performs functions to:
identify an accreditation authority computing device based on at least one of the obligation recipient ID and the obligation provider ID;
wherein the third processor performs functions to:
generate baseline validation information utilizing the at least one of the obligation recipient ID and the obligation provider ID from the control computing device;
wherein the second processor performs further functions to:
indicate that the baseline content is qualified when the baseline validation information is the same as the baseline content;
determine an exposure level for the NFT based on an availability status of the digital record of the baseline content of the longevity-contingent instrument when the baseline content is qualified, the availability status comprising one of available within a first timeframe for a set of utilizations and available within a second timeframe for a second set of utilizations, wherein the exposure level includes one of hidden without exposure, a private portion of the object distributed ledger, and a public portion of the object distributed ledger;
establish NFT content to include the baseline content and the exposure level for the NFT when the exposure level includes one of the private portion of the object distributed ledger and the public portion of the object distributed ledger;
obtain a copy of a portion of the object distributed ledger;
hash the NFT content utilizing a receiving public key of the object distributed ledger to produce a next transaction hash value;
encrypt the next transaction hash value utilizing a private key of the control computing device to produce a next transaction signature;
generate a next block of the blockchain of the object distributed ledger to include the NFT content and the next transaction signature; and
cause inclusion of the next block in the object distributed ledger.

### Claim 4 (depends on 3)

The computing device of claim 3, wherein the second processor functions to establish the NFT content to include the baseline content and the exposure level for the NFT by:
identifying the portion of the object distributed ledger based on the exposure level; and
encrypting the baseline content to produce the NFT content for the portion of the object distributed ledger when the exposure level includes the private portion of the object distributed ledger.