IP Library › Granted Patent US 12,254,435
Granted Patent B2
US 12,254,435 · App. 18/312,652 · Granted Mar 18, 2025

Methods and apparatus for performing agricultural transactions

Inventor: Mark Coast (Boerne, TX)
G06Q10/08G01G17/00G01N33/025G06F16/182G06K7/1417G06Q10/10G06Q30/0185G06Q50/02G06Q50/265
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Quick Facts
Patent No.
US 12,254,435
App. No.
18/312,652
Granted
Mar 18, 2025
Kind
B2
Abstract

Systems, apparatus, and methods for transacting, recording, validating and/or verifying agricultural products and its proceeds. The 2018 Farm Act rescinded industrial hemp from Schedule I of the Controlled Substances Act (CSA). Although industrial hemp has a variety of uses, the Government's biggest concern is the ingestion of tetrahydrocannabinol (THC) and cannabidiol (CBD). Commercial regulation typically balances a variety of factors: e.g., consumer protection, regulatory overhead, market competition, tax revenue, public policy, etc. In contrast, law enforcement has a singular purpose, and may go to extraordinary lengths to stop criminal activity. Various embodiments described herein provide a blockchain ledger-based supply chain that allows many commercial and regulatory entities to independently cooperate. Every transaction is permanently and transparently recorded within a chain-of-custody; the chain-of-custody enables a traceability; transitive linkages enable regulatory compliance. A variety of new applications are enabled by the blockchain ledger-based supply chain.

Claims (43)

1. A method for chain-of-custody management, comprising:

generating a code for a consignment;

associating the code to a package via a distributed ledger;

locking the package with a ledger lock during a delivery;

in response to receiving a first record for the code from a first bailor, verifying the first record; and

updating the distributed ledger with the first record when successfully verified.

2. The method of claim 1 , further comprising locking the package with a first bailor specific lock while in possession of the first bailor during a first portion of the delivery.

3. The method of claim 1 , further comprising:

in response to receiving a second record for the code from a second bailor, verifying the second record;

updating the distributed ledger with the second record when successfully verified; and

locking the package with a second bailor specific lock while in possession of the second bailor during a second portion of the delivery.

4. The method of claim 3 , where the second record releases the first bailor of a constructive custody.

5. The method of claim 3 , where the first bailor and the second bailor both have constructive custody during a common portion of the delivery.

6. The method of claim 1 , where verifying the first record comprises ensuring that a chain-of-custody protocol was followed.

7. The method of claim 6 , where the chain-of-custody protocol comprises checking a source, a destination-on-file location, or a delivery route of the first bailor based on a real-time geospatial proximity.

8. The method of claim 7 , where checking the source comprises checking a unique lot identifier that is associated with a geospatially identified crop location.

9. The method of claim 1 , further comprising validating the first record and updating the distributed ledger with the first record when successfully validated.

10. The method of claim 9 , where validating the first record comprises measuring a characteristic of the package to validate objective conformance.

11. The method of claim 10 , where measuring the characteristic comprises weighing the package.

12. The method of claim 10 , where measuring the characteristic comprises testing for a varietal, breed, genus, genetic lineage, or genomics.

13. The method of claim 10 , where measuring the characteristic comprises checking a record of temperatures, humidity, vibration, radiation, or climate.

14. A server apparatus, comprising:

a network interface;

a processor; and

a non-transitory computer-readable medium comprising instructions that when executed by the processor, causes the server apparatus to execute a distributed ledger application that participates in a consensus mechanism to:

assign a code to a consignment;

associate the code to a package;

lock the package with a ledger lock during a delivery;

verify a first record provided by a first bailor; and

update a chain-of-custody for the package with the first record when successfully verified.

15. The server apparatus of claim 14 , where the non-transitory computer-readable medium further comprises a first copy of a distributed ledger data structure and where the network interface is configured to communicate with a plurality of other servers that each maintain a corresponding copy of the distributed ledger data structure.

16. The server apparatus of claim 15 , where the chain-of-custody for the package is updated such that the first bailor assumes a first virtual custody of the package.

17. The server apparatus of claim 16 , where the chain-of-custody for the package includes at least a second bailor that remains in a concurrent virtual custody of the package.

18. The server apparatus of claim 16 , where the plurality of other servers comprises a second server that maintains a second copy of the distributed ledger data structure, and where the second server is controlled by the first bailor.

19. The server apparatus of claim 16 , where the plurality of other servers comprises a forensic accounting entity that maintains a second copy of the distributed ledger data structure and where the network interface is further configured to notify the forensic accounting entity when a second record is unsuccessfully verified.

20. A system, comprising:

a plurality of servers that each maintain a copy of a distributed ledger data structure; and

where the plurality of servers are configured to execute a distributed ledger application that participates in a consensus mechanism to:

generate a code for a consignment;

associate the code to a package via a distributed ledger;

lock the package with a ledger lock during a delivery;

in response to receiving a first record for the code from a first bailor, verify the first record; and

update the distributed ledger with the first record when successfully verified.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 5, 2025
From: COAST, MARK
To: BLOCKCHAIN AGRICULTURAL SOLUTIONS, INC.
Reel/Frame 072171/0858 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 5, 2025
From: COAST, MARK R
To: BLOCKCHAIN AGRICULTURAL SOLUTIONS, INC.
Reel/Frame 072176/0824 →
Continuity (3)
Division 16986182 · Aug 5, 2020
Provisional Application 62981271 · Feb 25, 2020
Related Publication 20240177100A1 · May 30, 2024
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