US 2024/0176895 A1Published application

Systems and methods for creating derivative digital assets by branching on an original non-fungible token

AssigneeBank of America Corporation

InventorsMaharaj Mukherjee, George Anthony Albero

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Abstract

Creation and secure storage of non-fungible tokens (NFT) formed from derivatives of digital properties/assets within a branch of a distributed ledger that stores the original NFT. Each branch of the distributed ledger emanates from a data block of the trunk of the distributed ledger and stores an NFT formed from a derivative of the underlying digital property used to form the original NFT. Each NFT formed from the derivative of the digital property may include a smart contract that defines the parameters for the derivative and logic for determining resource compensation for the creator/owner of the original digital property/asset based on consumption of the derivative digital property/asset. Moreover, sub-branches may emanate from data blocks of the branches of the distributed ledger, with the sub-branches storing an NFT formed from a derivative of the derivative digital property/asset.

Claims20

Dependent claims

A system for storing and authenticating derivative digital properties, the system comprising:

a computing platform including a first memory and one or more first computing processor devices in communication with the first memory, wherein the first memory stores a non-fungible token generator configured to:
receive an original digital property file created by a first user, and
generate a first non-fungible token (NFT) from the original digital property file;
a distributed trust computing network comprising a plurality of decentralized nodes, each decentralized node having a second memory and at least one second processing device in communication with the second memory, wherein the second memory of the decentralized nodes is configured to store:
a distributed ledger comprising one or more data blocks storing data that is authenticated by consensus of two or more of the decentralized nodes, wherein the one or more data blocks include a first data block that stores the first NFT, and
at least one distributed ledger branch comprising one or more branching data blocks, each distributed ledger branch configured to branch off from any data block of the one or more data blocks of the distributed ledger, wherein the one or more branching data blocks storing data that is authenticated by consensus of two or more of the decentralized nodes and include a branching data block that stores a second NFT generated from a derivation of the original digital property file.

3 more elements

A computer-implemented method for storing and authenticating derivative digital properties, the method executed by one or more computing processor devices and comprising:

receiving an original digital property file created by a first user;
generating a first non-fungible token (NFT) from the original digital property file;
storing a distributed ledger within memory of a plurality of decentralized nodes of a distributed trust computing network, wherein the distributed ledger comprises one or more data blocks that store data that is authenticated by consensus of two or more of the decentralized nodes, wherein the one or more data blocks include a first data block that stores the first NFT;
and
generating at least one distributed ledger branch comprising one or more branching data blocks, each distributed ledger branch configured to branch off from any data block of the one or more data blocks of the distributed ledger, wherein the one or more branching data blocks store data that is authenticated by consensus of two or more of the decentralized nodes and include a branching data block that stores a second NFT generated from a derivation of the original digital property file.

2 more elements

A computer program product comprising:

a non-transitory computer-readable medium comprising sets of codes for causing one or more computing processing devices to:
receive an original digital property file created by a first user;
generate a first non-fungible token (NFT) from the original digital property file;
store a distributed ledger within memory of a plurality of decentralized nodes of a distributed trust computing network, wherein the distributed ledger comprises one or more data blocks storing data that is authenticated by consensus of two or more of the decentralized nodes and including a first data block that stores the first NFT;
and
generate at least one distributed ledger branch comprising one or more branching data blocks, each distributed ledger branch configured to branch off from any data block of the one or more data blocks of the distributed ledger, wherein the one or more branching data blocks store data that is authenticated by consensus of two or more of the decentralized nodes and includes a branching data block that stores a second NFT generated from a derivation of the original digital property file.

3 more elements

Dependencies are inferred from the claim text.