Lifecycle item cryptographic digital asset marketplace verifiable by compliance authority data

A system for providing a cryptographic digital asset marketplace for monitoring a lifecycle item through an item lifecycle by a commodities fungible token (CFT) application in a manner that is verifiable using data provided to a compliance authority, wherein the lifecycle item is a regulated lifecycle item that is subject to mandated tracking and compliance reporting to the compliance authority, the system comprising:

• at least one processor coupled to at least one non-transitory memory containing instructions which, when executed by the at least one processor, implement a CFT application that performs processes comprising:
• receiving, by the CFT application, an identifier associated with the lifecycle item used by the operator to report lifecycle item information to the compliance authority;
• receiving, by the CFT application, a set of characteristics for the lifecycle item;
• causing, by the CFT application, creation of a cryptographic digital asset for the lifecycle item and recording of the cryptographic digital asset in a digital ledger, the cryptographic digital asset being associated with the identifier and the set of characteristics;
• presenting, by the CFT application, the cryptographic digital asset for sale through a marketplace accessible over a communication network, the marketplace enabling purchase of the cryptographic digital asset by a user via a user device over the communication network;
• receiving, by the CFT application, notification of a purchase operation for purchase of the cryptographic digital asset by the user, wherein the purchase operation is associated with terms including at least a sale price for the cryptographic digital asset and a redemption value for the cryptographic digital asset that is greater than the sale price and is conditional on a predetermined successful completion event defined for the lifecycle item;
• causing, by the CFT application, updating of the cryptographic digital asset in the digital ledger to identify the user as an owner of the cryptographic digital asset and to include a smart contract providing immutable evidence of the terms of the purchase operation;
• initiating, by the CFT application, distribution of funds directly or indirectly from a user account to an operator account for the sale price;
• receiving, by the CFT application, a final disposition of the lifecycle item that is reported to the compliance authority, the final disposition representing one of (a) the predetermined successful completion event defined for the lifecycle item or (b) an unsuccessful completion event defined for the lifecycle item, and being verifiable using the information reported to the compliance authority;
• causing, by the CFT application, updating of the cryptographic digital asset in the digital ledger based on the final disposition of the lifecycle item;
• and
• when the final disposition is associated with the predetermined successful completion event defined for the lifecycle item, automatically initiating, by the CFT application, execution of the terms of the smart contract in a self-executing manner to cause distribution of funds directly or indirectly from the operator account to the user account in accordance with the redemption value.

A computer program product comprising at least one tangible non-transitory computer-readable medium storing processor-executable instructions which, when executed by at least one processor, implement a commodities fungible token (CFT) application for providing a cryptographic digital asset marketplace for monitoring a lifecycle item through an item lifecycle in a manner that is verifiable using data provided to a compliance authority, wherein the lifecycle item is a regulated lifecycle item that is subject to mandated tracking and compliance reporting to the compliance authority, the CFT application configured to perform processes comprising:

• receiving, by the CFT application, an identifier associated with the lifecycle item used by the operator to report lifecycle item information to the compliance authority;
• receiving, by the CFT application, a set of characteristics for the lifecycle item;
• causing, by the CFT application, creation of a cryptographic digital asset for the lifecycle item and recording of the cryptographic digital asset in a digital ledger, the cryptographic digital asset being associated with the identifier and the set of characteristics;
• presenting, by the CFT application, the cryptographic digital asset for sale through a marketplace accessible over a communication network, the marketplace enabling purchase of the cryptographic digital asset by a user via a user device over the communication network;
• receiving, by the CFT application, notification of a purchase operation for purchase of the cryptographic digital asset by the user, wherein the purchase operation is associated with terms including at least a sale price for the cryptographic digital asset and a redemption value for the cryptographic digital asset that is greater than the sale price and is conditional on a predetermined successful completion event defined for the lifecycle item;
• causing, by the CFT application, updating of the cryptographic digital asset in the digital ledger to identify the user as an owner of the cryptographic digital asset and to include a smart contract providing immutable evidence of the terms of the purchase operation;
• initiating, by the CFT application, distribution of funds directly or indirectly from a user account to an operator account for the sale price;
• receiving, by the CFT application, a final disposition of the lifecycle item that is reported to the compliance authority, the final disposition representing one of (a) the predetermined successful completion event defined for the lifecycle item or (b) an unsuccessful completion event defined for the lifecycle item, and being verifiable using the information reported to the compliance authority;
• causing, by the CFT application, updating of the cryptographic digital asset in the digital ledger based on the final disposition of the lifecycle item;
• and
• when the final disposition is associated with the predetermined successful completion event defined for the lifecycle item, automatically initiating, by the CFT application, execution of the terms of the smart contract in a self-executing manner to cause distribution of funds directly or indirectly from the operator account to the user account in accordance with the redemption value.