IP Library Patent Application 17147261
Patent Application
App. No. 17/147,261

COMPUTER METHOD AND APPARATUS FOR PROVIDING PROPRIETARY RIGHTS TRANSACTIONS

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Quick Facts
Patent No.
US None
App. No.
17/147,261
Abstract

A computer method for secure transfer of a blockchain token representing an interest in a proprietary rights asset includes displaying at least summary information corresponding to a proprietary rights asset to a user on an electronic display according to a user interface. The computer method includes receiving, from the user via the user interface, an order to exchange a first quantity of cryptographic currency held by the user at a user wallet memory address for a second quantity of asset tokens representing at least a fractional interest in the proprietary rights asset, writing data corresponding to a pending transfer of the second quantity of asset tokens to the user wallet address, and receiving data corresponding to the first quantity of cryptographic currency into a transaction wallet memory address.

Claims (57)

1 . A computer method for secure transfer of a proprietary rights asset blockchain token representing an interest in a proprietary rights asset, comprising:

displaying at least summary information corresponding to a proprietary rights asset to a user on a physical electronic display according to a display list defining at least a portion of a user interface;

receiving, from the user via the user interface, an order to exchange a first quantity of cryptographic currency held by the user at a user wallet memory address for a second quantity of asset tokens, each representing at least a fractional interest in the proprietary rights asset;

writing data corresponding to a pending transfer of the second quantity of asset tokens to the user wallet address; and

receiving data corresponding to the first quantity of cryptographic currency into a transaction wallet memory address.

2 . The computer method of claim 1 , wherein displaying at least summary information comprises:

displaying a field for the user to enter the first quantity of cryptographic currency;

further comprising:

receiving user input of the first quantity of cryptographic currency; and

calculating the second quantity of proprietary rights asset tokens based on an exchange rate; and

wherein displaying the at least summary information further comprises displaying the second quantity of proprietary rights asset tokens.

3 . The computer method of claim 2 , further comprising:

calculating the exchange rate based on relative supply and demand of the cryptographic currency and the proprietary rights asset tokens.

4 . The computer method of claim 2 , further comprising:

calculating the exchange rate based on a supply and demand of the cryptographic currency and a specified price of the proprietary asset tokens.

5 . The computer method of claim 1 , wherein displaying at least summary information comprises:

displaying a field for the user to enter the second quantity of asset tokens;

receiving user input of the second quantity;

calculating the first quantity of cryptographic currency based on an exchange rate; and

displaying the first quantity of cryptographic currency.

6 . The computer method of claim 1 , wherein displaying at least summary information comprises:

displaying a field for the user to enter a committed bid price of the asset tokens;

wherein receiving the order to exchange the first quantity of cryptographic currency for the second quantity of asset tokens includes receiving the committed bid price; and

wherein the smart contract includes the commitment to sell at least a portion of the asset tokens at the committed bid price.

7 . The computer method of claim 1 , wherein displaying at least summary information comprises displaying a committed selling price; and

wherein the smart contract includes the commitment to sell at least a portion of the asset tokens at the committed selling price.

8 . The computer method of claim 1 , further comprising:

generating a random or pseudorandom deep web address for an instance of the transaction wallet;

allocating computer memory corresponding to the transaction wallet having the random or pseudorandom deep web address;

loading, from a secret address, the second quantity of asset tokens into the transaction wallet; and

transmitting the random or pseudorandom deep web address to the user interface.

9 . The computer method of claim 8 , further comprising:

transferring the first quantity of cryptographic currency from the user wallet to the random or pseudorandom deep web address.

10 . The computer method of claim 8 , further comprising:

transferring the cryptographic currency from the transaction wallet to a secret wallet; and

deallocating the computer memory at the random or pseudorandom deep web network address.

11 . The computer method of claim 1 , wherein the cryptographic currency comprise value carried by a public blockchain.

12 . The computer method of claim 11 , wherein the cryptographic currency comprise at least one transaction history verifiable by the public blockchain.

13 . The computer method of claim 11 , wherein the cryptographic currency comprise fungible value.

14 . The computer method of claim 1 , wherein the cryptographic currency comprise at least one transaction history carried by a permissioned blockchain.

15 . The computer method of claim 1 , further comprising:

fulfilling a smart contract to validate the asset tokens.

16 . The computer method of claim 1 , wherein at least a fractional interest in the proprietary rights asset comprises at least fractional ownership of the proprietary rights asset.

17 . The computer method of claim 1 , wherein at least a fractional interest in the proprietary rights asset comprises at least fractional rights to a revenue stream from the proprietary rights asset.

18 - 25 . (canceled)

26 . A computer method for obtaining a license to a proprietary right, comprising:

disclosing identity and related information via a graphical user interface (GUI) on an electronic device networked to a server computer;

obtaining a specified number of blockchain proprietary rights asset tokens, each token representing a fractional interest in a proprietary right, by swapping a cryptographic currency value for the proprietary rights asset tokens via the GUI;

disclosing an intent to take a license via the GUI;

entering, via the GUI, an agreement to license terms; and

swapping, via the GUI, the specified number of proprietary rights asset tokens for one or more license tokens;

wherein the license token carries a contract granting a right to engage in an activity that infringes the proprietary right.

27 . The computer method for obtaining a license to a proprietary right of claim 26 , further comprising:

establishing a user account with an intellectual property exchange, using the GUI.

28 . The computer method for obtaining a license to a proprietary right of claim 26 , wherein swapping the proprietary rights asset tokens for one or more license tokens causes the license tokens to be burned.

29 . The computer method for obtaining a license to a proprietary right of claim 26 , wherein swapping the proprietary rights asset tokens for one or more license tokens causes the license tokens to be recycled into a pool available for purchase.

30 - 152 . (canceled)

Assignments (5)
CORRECTIVE ASSIGNMENT TO CORRECT THE ASSIGNEE NAME FROM ABAXX TECHNOLOGIES COR TO ABAXX TECHNOLOGIES CORP. PREVIOUSLY RECORDED ON REEL 063609 FRAME 0755. ASSIGNOR(S) HEREBY CONFIRMS THE ASSIGNMENT. Recorded Nov 7, 2023
From: ARGOSOPEREM LLC
To: ABAXX TECHNOLOGIES CORP.
Reel/Frame 065491/0477 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded May 11, 2023
From: ARGOSOPEREM LLC
To: ABAXX TECHNOLOGIES COR
Reel/Frame 063609/0755 →
NUNC PRO TUNC ASSIGNMENT Recorded Mar 11, 2022
From: OSLER, GEOFFREY D.
To: ARGOSOPEREM INC.
Reel/Frame 059237/0388 →
NUNC PRO TUNC ASSIGNMENT Recorded Mar 11, 2022
From: HARMON, JAMES N
To: ARGOSOPEREM INC.
Reel/Frame 059237/0583 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jul 20, 2021
From: WIKLOF, CHRISTOPHER A.; LONDERGAN, TIMOTHY M.; KOYA, NOBUHITO; GIBSON, NICHOLAS; OSLER, GEOFFERY D.; HARMON, JAMES N.
To: ARGOSOPEREM LLC
Reel/Frame 056912/0188 →