SYSTEM AND METHODS FOR ORGANIZING AND INTER-RELATING HIERARCHICAL DATA FILES USING A DISTRIBUTED DATABASE
A processor-implemented method for the ownership transfer and tracking of tangible assets using a blockchain is described. In an embodiment, the method includes generating a root node associated with a tangible asset via a processor. The root node has a first hash value that represents a storage location of the root node, data associated with a tangible asset, and a second hash value that represents a storage location of the subsidiary node. The method also includes storing a hierarchical hash-linked tree structure in a non-transitory, processor-readable memory. The hierarchical hash-linked tree structure can include multiple nodes. The multiple nodes include the root node and the subsidiary node. The subsidiary node has the second hash value, and data associated with a tangible sub-asset of the tangible asset.
1 . A processor-implemented method, comprising:
generating, via the processor and for a tangible asset, a root node associated with a tangible asset, the root node having (1) a first hash value that represents a storage location of the root node, (2) data associated with the tangible asset, and (3) a second hash value that represents a storage location of a subsidiary node; and
causing storage, in a non-transitory, processor-readable memory, of a hierarchical hash-linked tree structure having a plurality of nodes including:
the root node; and
the subsidiary node, having (1) the second hash value, and (2) data associated with a tangible sub-asset of the tangible asset.
2 . The method of claim 1 , wherein:
the subsidiary node is a first subsidiary node, the tangible sub-asset is a first tangible sub-asset,
the first subsidiary node further has a third hash value that represents a storage location of a second subsidiary node storing data associated with a second tangible sub-asset of the tangible asset.
3 . The method of claim 1 , wherein the hierarchical hash-linked tree structure is stored off-chain.
4 . The method of claim 1 , wherein the data associated with the tangible asset includes at least one of a color, a physical size, a quantity, a make, a model, or assay information.
5 . The method of claim 1 , wherein the subsidiary node is a first subsidiary node and the tangible sub-asset is a first tangible sub-asset, the method further comprising:
determining that an assembly of a second tangible sub-asset with the first tangible sub-asset has occurred; and
generating a second subsidiary node in response to the determination that the assembly of the second tangible sub-asset with the first tangible sub-asset has occurred.
6 . The method of claim 1 , wherein the subsidiary node is a first subsidiary node and the tangible sub-asset is a first tangible sub-asset, the method further comprising:
determining that a modification to the tangible asset has occurred, the modification including an addition of a second tangible sub-asset to the tangible asset; and
generating a second subsidiary node in response to the determination that the modification to the tangible asset has occurred.
7 . The method of claim 1 , wherein the data associated with tangible asset includes one of data associated with a machine or data associated with a parcel of land.
8 - 19 . (canceled)
20 . The method of claim 1 , further comprising:
determining that the tangible asset has been destroyed; and
modifying the hierarchical hash-linked tree structure, in response to the determination that the tangible asset has been destroyed, to cause the hierarchical hash-linked tree structure to include an indication that an asset token associated with the tangible asset can no longer be transacted.
21 . The method of claim 1 , wherein the tangible asset is a first tangible asset and the hierarchical hash-linked tree structure is a first hierarchical hash-linked tree structure, the method further comprising:
determining that an assembly of the first tangible asset with a second tangible asset has occurred; and
generating a third hierarchical hash-linked tree structure, in response to the determination that the assembly of the first tangible asset with the second tangible asset has occurred, the third hierarchical hash-linked tree structure including the data of the first hierarchical hash-linked tree structure and data of a second hierarchical hash-linked tree structure associated with the second tangible asset.
22 . The method of claim 1 , wherein the data associated with the tangible sub-asset of the tangible asset includes at least one of a color, a physical size, a quantity, a make, a model, or assay information of the tangible asset.
23 - 32 . (canceled)
33 . The method of claim 1 , wherein the hierarchical hash-linked tree structure is stored off-chain, the method further comprising causing storage of the storage location of the root node in a blockchain.
34 . The method of claim 1 , further comprising:
determining that a modification to the tangible asset has occurred; and
regenerating an asset token associated with the tangible asset, to produce a modified asset token that includes the modification, the asset token including the hierarchical hash-linked tree structure.