IP Library Granted Patent US 11,223,474
Granted Patent B2
US 11,223,474 · App. 16/689,741 · Granted Jan 11, 2022

Digital asset management

Inventors: Bernardo Moreno (Westlake, OH); Shane M. Bigelow (Gates Mills, OH); Bo J. Shim (Avon, OH); Scott W. Barrett (Valley View, OH); Ian P. Lewis (Aurora, OH); Daniel F. Crough, Jr. (Mentor, OH); Dante Giancola (Brecksville, OH)
Assignee: CHAMP TITLES, INC.
H04L9/3213G06F16/2379H04L9/0637H04L9/3242H04L9/3247H04L2209/38
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Quick Facts
Patent No.
US 11,223,474
App. No.
16/689,741
Granted
Jan 11, 2022
Kind
B2
Abstract

A system and method (referred to as a system) processes a vehicle title interfaced to an issuance authority by authenticating a user and mapping the user's credentials. The system executes registration and titling activities over a network with an issuance authority in response to the authentication of a token. The system retrieves a user membership private key from a private key vault and instantiates smart contracts that commit a transaction associated with a registration of a physical asset with the issuance authority. The system signs the smart contracts with a cryptographic private key not assigned to the user membership in response to establishing a proof of claim to the physical asset and invokes a service discovery that identifies availability of on-line certificate attesting peer nodes to attest the transaction. The system instantiates of the smart contracts on a title issuance authority blockchain network hosted by the issuance authority or provisioned to them in a managed services deployment.

Claims (40)

1. A method for processing a vehicle title interfaced to a plurality of issuance authority:

receiving a user request to authenticate a user in a digital title asset management system;

mapping a user's credentials to a user membership that execute registration and titling activities over an electronic network with at least one of the issuance authority in response to the authentication of an authorization token;

retrieving a user membership private key from a private key vault;

instantiating a plurality of smart contracts that commit a transaction associated with a registration of a physical asset with the at least one of the issuance authority;

deploying the plurality of smart contracts by digitally signing the plurality of smart contracts with a cryptographic private key not assigned to the user membership in response to establishing a proof of claim to the physical asset;

invoking a service discovery that identifies availability of an on-line certified attesting peer nodes to attest to the transaction in accordance with proof of attestation policies associated with the physical asset; and

facilitating an instantiating of the plurality of smart contracts on a title issuance authority blockchain network hosted by the at least one of the issuance authority in response to the proof of attestation policies.

2. The method of claim 1 where the proof of claim is based on authenticating a revoked token.

3. The method of claim 2 where the revoked token is based on preimage changes to a hash value.

4. The method of claim 1 where the proof of claim is based on authenticating data structures of a user's private key and a vehicle identifier number.

5. The method of claim 1 where the proof of claim is based on an expiring token.

6. The method of claim 1 where the proof of work is based on a conditional token based on an event.

7. The method of claim 1 further comprising transmitting a commit action to an issuance authority agency interface.

8. A non-transitory machine-readable medium encoded with machine-executable instructions processing a vehicle title interfaced to a plurality of issuance authority, where execution of the machine-executable instructions is for:

receiving a user request to authenticate a user in a digital title asset management system;

mapping a user's credentials to a user membership that execute registration and titling activities over an electronic network with at least one of the issuance authority in response to the authentication of an authorization token;

retrieving a user membership private key from a private key vault;

instantiating a plurality of smart contracts that commit a transaction associated with a registration of a physical asset with at least one of the issuance authority;

deploying the plurality of smart contracts by digitally signing the plurality of smart contracts with a cryptographic private key not assigned to the user membership in response to establishing a proof of claim to the physical asset;

invoking a service discovery that identifies availability of on-line certified attesting peer nodes to attest the transaction in accordance with proof of attestation policies associated with the physical asset; and

facilitating an instantiating of the plurality of smart contracts on a title issuance authority blockchain network hosted by at least one of the issuance authority in response to the proof of attestation.

9. The non-transitory machine-readable medium of claim 8 where the proof of claim is based on authenticating a revoked token.

10. The non-transitory machine-readable medium of claim 9 where the revoked token is based on preimage changes to a hash value.

11. The non-transitory machine-readable medium of claim 8 where the proof of claim is based on authenticating data structures of a user's private key and a vehicle identifier number.

12. The non-transitory machine-readable medium of claim 8 where the proof of claim is based on an expiring token.

13. The non-transitory machine-readable medium of claim 8 where the proof of work is based on a conditional token based on an event.

14. The non-transitory machine-readable medium of claim 8 further comprising transmitting a commit action to an issuance authority interface.

15. A system processing a vehicle title interfaced to a plurality of issuance authorities comprising:

a receiver that receives a user request to authenticate a user in a digital title asset management system;

an admin module programmed to map a user's credentials to a user membership that execute registration and titling activities over an electronic network with at least one of the issuance authorities in response to an authentication of an authorization token;

an invoker programmed to retrieve a user membership private key from a private key vault;

the invoker being programmed to instantiate a plurality of smart contracts that commit a transaction associated with a registration of a physical asset with the at least one of the issuance authority;

the admin module being programmed to deploy the plurality of smart contracts by executing a digitally signing of the smart contracts with a cryptographic private key not assigned to the user membership in response to establishing a proof of claim to the physical asset;

the invoker being programmed to execute a service discovery that identifies availability of on-line peer nodes that attest the transaction in accordance with proof of attestation policies associated with the physical asset; and facilitate an instantiating of the plurality of smart contracts on a title issuance authority blockchain network hosted by at least one of the issuance authority in response to the proof of attestation policies.

16. The system of claim 15 where the proof of claim is based on authenticating a revoked token.

17. The system of claim 15 where a revoked token is based on preimage changes to a hash value.

18. The system of claim 15 where the proof of claim is based on authenticating data structures of a user's private key and a vehicle identifier number.

19. The system of claim 15 where the proof of claim is based on an expiring token.

20. The system of claim 15 where the proof of work is based on a conditional token based on an event.

Assignments (5)
SECURITY INTEREST Recorded Sep 15, 2025
From: CHAMP TITLES, INC.
To: ORIX GROWTH CAPITAL, LLC
Reel/Frame 072258/0515 →
CORRECTIVE ASSIGNMENT TO CORRECT THE CONVEYING PARTY DATA PREVIOUSLY RECORDED ON REEL 052812 FRAME 0418. ASSIGNOR(S) HEREBY CONFIRMS THE ASSIGNMENT. Recorded Jun 23, 2020
From: OWNUM, LLC
To: CHAMP TITLES, INC.
Reel/Frame 053012/0794 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 2, 2020
From: MORENO, BERNARDO; BIGELOW, SHANE M; SHIM, BO J; BARRETT, SCOTT W; LEWIS, IAN P; CROUGH, DANIEL F; GIANCOLA, DANTE
To: CHAMP TITLES, INC.
Reel/Frame 052812/0418 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 19, 2020
From: OWNUM, LLC
To: CHAMP TITLES, INC.
Reel/Frame 051858/0569 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jan 8, 2020
From: MORENO, BERNARDO; BIGELOW, SHANE M.; SHIM, BO J.; BARRETT, SCOTT W.; LEWIS, IAN P.; CROUGH, DANIEL F., JR.; GIANCOLA, DANTE
To: OWNUM, LLC
Reel/Frame 051450/0536 →
Continuity (2)
Provisional Application 62769971 · Nov 20, 2018
Related Publication 20200162254A1 · May 21, 2020
Cited By (2)
US 12,267,429 US 12,526,147