Patent licensing method utilizing a distributed ledger infrastructure

A computing device of a computing infrastructure, the computing device comprises:

• an interface;
• a local memory;
• and
• a processor operably coupled to the interface and the local memory, wherein the processor performs functions to:
• obtain an indication of potential use of a set of patents by a user computing device of the computing infrastructure, wherein a reporting computing device of the computing infrastructure previously generated the indication of potential use of the set of patents by the user computing device, wherein the reporting computing device is distinct from the computing device;
• issue, via the interface, a bilateral licensing request to the user computing device, wherein the bilateral licensing request includes the indication of potential use of the set of patents by the user computing device;
• interpret a request from the user computing device in response to the bilateral licensing request to cause a license of the set of patents for use by the user computing device to produce licensee information, wherein the licensee information includes a licensee identifier and an identifier of the set of patents;
• identify a non-fungible token (NFT) associated with the set of patents, wherein a patent distributed ledger includes the NFT, wherein the user computing device is not already affiliated with a license connected to the NFT, wherein the NFT includes a smart contract for the set of patents, wherein the smart contract includes one or more of patent basics of the set of patents, available license terms, available payment terms, agreed license terms, and agreed payment terms;
• establish the agreed license terms based on the available license terms of the set of patents to update the smart contract to produce a new smart contract;
• establish agreed payment terms based on the available payment terms of the set of patents to update the new smart contract;
• and
• cause generation of a new block with the new smart contract for a blockchain of the patent distributed ledger associated with the NFT.

A non-transitory computer readable memory comprises:

• a first memory element that stores operational instructions that, when executed by a processing module, causes the processing module to:
• obtain an indication of potential use of a set of patents by a user computing device of a computing infrastructure, wherein a reporting computing device of the computing infrastructure previously generated the indication of potential use of the set of patents by the user computing device, wherein the processing module is distinct from the reporting computing device;
• a second memory element that stores operational instructions that, when executed by the processing module, causes the processing module to:
• issue a bilateral licensing request to the user computing device, wherein the bilateral licensing request includes the indication of potential use of the set of patents by the user computing device;
• and
• interpret a request from the user computing device in response to the bilateral licensing request to cause a license of the set of patents for use by the user computing device to produce licensee information, wherein the licensee information includes a licensee identifier and an identifier of the set of patents;
• and
• a third memory element that stores operational instructions that, when executed by the processing module, causes the processing module to:
• identify a non-fungible token (NFT) associated with the set of patents, wherein a patent distributed ledger includes the NFT, wherein the user computing device is not already affiliated with a license connected to the NFT, wherein the NFT includes a smart contract for the set of patents, wherein the smart contract includes one or more of patent basics of the set of patents, available license terms, available payment terms, agreed license terms, and agreed payment terms;
• establish the agreed license terms based on the available license terms of the set of patents to update the smart contract to produce a new smart contract;
• establish agreed payment terms based on the available payment terms of the set of patents to update the new smart contract;
• and
• cause generation of a new block with the new smart contract for a blockchain of the patent distributed ledger associated with the NFT.