Tokenized commodity tendering on a distributed platform
AssigneeS&P Global Inc.
InventorStanley Guzik
Life of this patent
Estimating the term…
Abstract
A computer implemented method for managing tokens on a blockchain platform. The method uses a number of processor units to receive a first set of attributes associated with a number of items and a second set of attributes associated with a number of offers to purchase the number of items. The number of processor units creates an item token on the blockchain platform for each item from the number of items based on the first set of attributes to form a number of item tokens. The number of processor units create a request token on the blockchain platform for each offer to purchase based on the second set of attributes to form a number of request tokens. The number of processor units create a number of matching tokens and a number of trades based on the matching tokens.
Claims33
A computer implemented method for managing tokens on a blockchain platform, the computer implemented method comprising:
- using a number of processor units to perform the steps of:
- receiving a first set of attributes associated with a number of items and a second set of attributes associated with a number of offers to purchase the number of items;
- creating an item token on the blockchain platform for each item from the number of items based on the first set of attributes to form a number of item tokens;
- creating a request token on the blockchain platform for each offer to purchase based on the second set of attributes to form a number of request tokens;
- creating a number of matching tokens, wherein each matching token comprises one request token and one or more item tokens, and wherein the request token and item tokens comprising the matching token are matched according to their attributes;
- and
- creating a number of trades with the matching tokens, wherein each trade comprises a match between the one request token and one of the item tokens comprising the matching token.
A computer system for managing datasets for managing tokens on a blockchain platform, the computer system comprising:
- a storage device that stores program instructions;
- and
- a number of processor units in communication with the storage device, wherein the number of processor units executes program instructions to:
- receive a first set of attributes associated with a number of items and a second set of attributes associated with a number of offers to purchase the number of items;
- create an item token on the blockchain platform for each item from the number of items based on the first set of attributes to form a number of item tokens;
- create a request token on the blockchain platform for each offer to purchase based on the second set of attributes to form a number of request tokens;
- create a number of matching tokens, wherein each matching token comprises one request token and one or more item tokens, and wherein the request token and item tokens comprising the matching token are matched according to their attributes;
- and
- create a number of trades with the matching tokens, wherein each trade comprises a match between the one request token and one of the item tokens comprising the matching token.
A computer program product for managing tokens on a blockchain platform, the computer program product comprising a computer-readable storage medium having program instructions embodied therewith, the program instructions executable by a computer system to cause the computer system to perform a method of:
- receiving a first set of attributes associated with a number of items and a second set of attributes associated with a number of offers to purchase the number of items;
- creating an item token on the blockchain platform for each item from the number of items based on the first set of attributes to form a number of item tokens;
- creating a request token on the blockchain platform for each offer to purchase based on the second set of attributes to form a number of request tokens;
- creating a number of matching tokens, wherein each matching token comprises one request token and one or more item tokens, and wherein the request token and item tokens comprising the matching token are matched according to their attributes;
- and
- creating a number of trades with the matching tokens, wherein each trade comprises a match between the one request token and one of the item tokens comprising the matching token.
Dependencies are inferred from the claim text.