IP Library Granted Patent US 11,544,729
Granted Patent B2
US 11,544,729 · App. 17/306,675 · Granted Jan 3, 2023

Blockchain-enabled crypto asset compliance system for tracking asset allocation

Inventors: Gregory H. Leekley (Charlotte, NC); Alexander Savenok (Grandview, MO); Pavel Savenok (Wheaton, IL)
Assignee: Inspired Patents, LLC
G06Q30/0215G06Q20/065G06Q20/123G06Q20/3224G06Q30/0214G06Q30/0269G06Q2220/00
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Quick Facts
Patent No.
US 11,544,729
App. No.
17/306,675
Granted
Jan 3, 2023
Kind
B2
Abstract

Blockchain-enabled crypto asset systems allow a user to control how advertisers access the user's personal data; allow crypto asset compensation in exchange for social amplification; and track asset allocation. Asset allocation tracking is made the focus of these specifications. Payments made via blockchain tracking, and the distribution of any revenues derived from cost savings provided to terrestrial, satellite or digital radio broadcasters back to music rights holders and other related groups are provided. These rights holders typically like to incentivize consumers, and by using the crypto assets or tokens created by the present invention, a reward for listening/consuming may be provided. Further, payments for industry services to the rights holder are contemplated to include, but not be limited to any Performance Rights Organizations (PROs), Record Labels, Publishing Companies—Administrators, Managers, Agents or any fractional rights holders or owners who would hold claim against any such revenues.

Claims (44)

1. A blockchain-enabled crypto asset compliance system operable within a computer network environment for tracking asset allocation, the blockchain-enabled crypto asset system comprising:

a remote computer-based service system within the computer network environment;

at least one client device for enabling the user to interact with the remote computer-based service system;

a non-transitory computer-implementable application implementable via the at least one client device and the remote computer-based service system, the remote computer-based service system, the at least one client and the non-transitory computer-implementable application together being operable for creating a user-controlled, blockchain-enabled smart contract;

the non-transitory computer-implementable application for enabling the user to (a) initiate input to the user-controlled, blockchain-enabled smart contract via the at least one client device; (b) input personal demographic data and set data release rules for the user-controlled, blockchain-enabled smart contract; and (c) set data retention rules for the user-controlled, blockchain-enabled smart contract;

the remote computer-based service system being operable to provide and maintain a cross-provider reference database, the cross-provider reference database for mapping media provider content to media content hashes within a media content hash pool;

the at least one client device for creating media content playlists, the media content playlists providing a basis for media content order hash generation, the at least one client device pulling media content hashes from the media content hash pool, and using the media content playlists and the media content hashes stored in the cross-provider reference database as inputs for algorithm generation, the at least one client generating an ordered media content list hash, the ordered media content list hash matching a hidden list hash for prompting (a) new asset generation via an algorithmic mint process and (b) supplemental ordered song list hash generation, the ordered media content list hash being submitted to the user-controlled, blockchain-enabled smart contract;

the user-controlled, blockchain-enabled smart contract operating to hold a transaction ledger, the transaction ledger for tracking transactions between third party service/content providers and the user-controlled, blockchain-enabled smart contract, the user-controlled, blockchain-enabled smart contract providing (a) a mechanism for storing and releasing user data for economic consideration and (b) enabling the user to redeem rewards offered by third party service/content providers.

2. The blockchain-enabled crypto asset compliance system of claim 1 wherein the user-controlled, blockchain-enabled smart contract is initiated when contract initiation rules are met, original asset allocations being assigned on contract initiation by requests from a primary initiating partner and a secondary initiating partner via identical contract initiation allocations.

3. The blockchain-enabled crypto asset compliance system of claim 2 wherein the algorithmic mint process comprises the step of generating the hidden list hash from a list of media content hashes.

4. The blockchain-enabled crypto asset compliance system of claim 3 wherein the algorithmic mint process uses an ever-increasing number of media content files associated with every hash matched against a client hash submitted by the at least one client device.

5. The blockchain-enabled crypto asset compliance system of claim 4 wherein hidden hash complexity is driven by first and second factors, the first factor being the number of media content files in the hidden list hash, the second factor being the number of possible media content files available to fit into each position in the hidden list hash, each position being randomly filled from the media content hash pool.

6. The blockchain-enabled crypto asset compliance system of claim 2 wherein the secondary initiating partner adds media content hashes to the media content hash pool by way of the cross-provider reference database, the cross-provider reference database mapping third party service/content provider data to the media content hashes.

7. The blockchain-enabled crypto asset compliance system of claim 1 wherein select assets provide a right of access, the right of access being resalable.

8. A blockchain-enabled crypto asset compliance system operable within a computer network environment for tracking asset allocation, the blockchain-enabled crypto asset system comprising:

a remote computer-based service system within the computer network environment;

at least one client device for enabling the user to interact with the remote computer-based service system;

a non-transitory computer-implementable application implementable via the at least one client device and the remote computer-based service system, the remote computer-based service system, the at least one client and the non-transitory computer-implementable application together being operable for creating a user-controlled, blockchain-enabled smart contract;

the non-transitory computer-implementable application enabling the user to (a) initiate input to the user-controlled, blockchain-enabled smart contract via the at least one client device; (b) input personal demographic data and set data release rules for the user-controlled, blockchain-enabled smart contract; and (c) set data retention rules for the user-controlled, blockchain-enabled smart contract;

the remote computer-based service system being operable to provide and maintain a cross-provider reference database, the cross-provider reference database for mapping media provider content to media content hashes within a media content hash pool;

the at least one client device for creating media content playlists, the media content playlists providing a basis for media content order hash generation, the at least one client device pulling media content hashes from the media content hash pool and using the media content playlists and the media content hashes stored in the cross-provider reference database as inputs for algorithm generation;

the at least one client generating an ordered media content list hash, the ordered media content list hash being submitted to the user-controlled, blockchain-enabled smart contract for prompting new asset generation and supplemental ordered song list hash generation;

a secondary initiating partner adding media content hashes to the media content hash pool by way of the cross-provider reference database, the cross-provider reference database mapping third party service/content provider data to the media content hashes;

the user-controlled, blockchain-enabled smart contract operating to hold a transaction ledger, the transaction ledger for tracking transactions between third party service/content providers and the user-controlled, blockchain-enabled smart contract, the user-controlled, blockchain-enabled smart contract providing a mechanism for storing and releasing user data for economic consideration and enabling the user to redeem rewards offered by third party service/content providers.

9. The blockchain-enabled crypto asset compliance system of claim 8 wherein the user-controlled, blockchain-enabled smart contract is initiated when contract initiation rules are met, original asset allocations being assigned on contract initiation by requests from a primary initiating partner and the secondary initiating partner via identical contract initiation allocations.

10. The blockchain-enabled crypto asset compliance system of claim 9 wherein the user-controlled, blockchain-enabled smart contract generates new assets via an algorithmic mint process, the algorithmic mint process comprising a step of generating a hidden list hash from a list of media content hashes.

11. The blockchain-enabled crypto asset compliance system of claim 10 wherein the algorithmic mint process uses an ever-increasing number of media content files associated with every hash matched against a client hash submitted by the at least one client device.

12. The blockchain-enabled crypto asset compliance system of claim 11 wherein hidden hash complexity is driven by first and second factors, the first factor being the number of media content files in the hidden list hash, the second factor being the number of possible media content files available to fit into each position in the hidden list hash, each position being randomly filled from the media content hash pool.

13. The blockchain-enabled crypto asset compliance system of claim 8 wherein select assets provide a right of access, the right of access being resalable.

14. A blockchain-enabled crypto asset compliance system operable within a computer network environment for tracking asset allocation, the blockchain-enabled crypto asset system comprising:

a remote computer-based service system within the computer network environment;

at least one client device for enabling the user to interact with the remote computer-based service system;

a non-transitory computer-implementable application implementable via the at least one client device and the remote computer-based service system, the remote computer-based service system, the at least one client and the non-transitory computer-implementable application together being operable for creating a user-controlled, blockchain-enabled smart contract;

the non-transitory computer-implementable application for enabling the user to (a) initiate input to the user-controlled, blockchain-enabled smart contract via the at least one client device; (b) input personal demographic data and set data release rules for the user-controlled, blockchain-enabled smart contract; and (c) set data retention rules for the user-controlled, blockchain-enabled smart contract;

the user-controlled, blockchain-enabled smart contract being initiated when contract initiation rules are met, original asset allocations being assigned on contract initiation by requests from a primary initiating partner and a secondary initiating partner via identical contract initiation allocations;

the remote computer-based service system being operable to provide and maintain a cross-provider reference database, the cross-provider reference database for mapping media provider content to media content hashes within a media content hash pool;

the at least one client device for creating media content playlists, the media content playlists providing a basis for media content order hash generation, the at least one client device pulling media content hashes from the media content hash pool, and using the media content playlists and the media content hashes stored in the cross-provider reference database as inputs for algorithm generation;

the at least one client generating an ordered media content list hash, the ordered media content list hash being submitted to the user-controlled, blockchain-enabled smart contract, the user-controlled, blockchain-enabled smart contract generating new assets via an algorithmic mint process, the algorithmic mint process comprising a step of generating a hidden list hash from a list of media content hashes;

the user-controlled, blockchain-enabled smart contract operating to hold a transaction ledger, the transaction ledger for tracking transactions between third party service/content providers and the user-controlled, blockchain-enabled smart contract, the user-controlled, blockchain-enabled smart contract providing (a) a mechanism for storing and releasing user data for economic consideration and (b) enabling the user to redeem rewards offered by third party service/content providers.

15. The blockchain-enabled crypto asset compliance system of claim 14 wherein the ordered media content list hash matches the hidden list hash for prompting (a) new asset generation, and (b) supplemental ordered song list hash generation.

16. The blockchain-enabled crypto asset compliance system of claim 14 wherein the algorithmic mint process uses an ever-increasing number of media content files associated with every hash matched against a client hash submitted by the at least one client device.

17. The blockchain-enabled crypto asset compliance system of claim 16 wherein hidden hash complexity is driven by first and second factors, the first factor being the number of media content files in the hidden list hash, the second factor being the number of possible media content files available to fit into each position in the hidden list hash, each position being randomly filled from the media content hash pool.

18. The blockchain-enabled crypto asset compliance system of claim 14 wherein media content hashes are added to the media content hash pool by the secondary initiating partner by way of the cross-provider reference database, the cross-provider reference database mapping third party service/content provider data to the media content hashes.

19. The blockchain-enabled crypto asset compliance system of claim 14 wherein select assets provide a right of access, the right of access being resalable.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 22, 2022
From: VERTIGO STUDIOS, LLC
To: INSPIRED PATENTS, LLC
Reel/Frame 059068/0249 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded May 26, 2021
From: LEEKLEY, GREGORY H.; SAVENOK, ALEXANDER; SAVENOK, PAVEL
To: VERTIGO STUDIOS, LLC
Reel/Frame 056364/0198 →
Continuity (3)
Division 16134075 · Sep 18, 2018
Provisional Application 62560074 · Sep 18, 2017
Related Publication 20210256550A1 · Aug 19, 2021
Cited By (1)
US 12,299,495