NFT Enforcement Control System
A computer-based system, method, and computer program product for enforcing conditional transfer of digital assets leverage a cross-chain clearinghouse control system implemented upon one or more blockchain networks. The cross-chain clearinghouse control system is configured to approve a transfer of a digital asset if the transfer satisfies an encoded condition or rule configured in the digital asset. Likewise, the cross-chain clearinghouse control system is configured to disapprove and thereby block the transfer if the transfer does not satisfy such a condition or rule. One of a first and second entity involved in the transfer is a digital wallet implemented upon the blockchain network, and an other of the first and second entities is implemented apart from the blockchain network.
1 . A computer-based system for enforcing conditional transfer of digital assets, the computer-based system comprising:
a first blockchain network including multiple nodes,
at least one of the multiple nodes of the first blockchain network having a secure cryptoprocessor implemented as a dedicated microprocessor configured to execute a cross-chain clearinghouse control system,
the cross-chain clearinghouse control system being embedded on the secure cryptoprocessor and configured to: (i) approve a cross-chain transfer of a digital asset from a first entity to a second entity if the transfer satisfies a preset rule encoded in the digital asset or (ii) disapprove the transfer if the transfer does not satisfy the rule;
wherein one of the first and second entities is a digital wallet implemented upon the first blockchain network, and an other of the first and second entities is implemented on a second blockchain network, separate and disparate from the first blockchain network.
2 . The computer-based system of claim 1 , wherein the preset rule encoded in the digital asset triggers a royalty requirement that automatically causes recursive asset transfer back to a creator or prior owner of the digital asset upon transfer of the digital asset.
3 . The computer-based system of claim 2 , wherein the preset rule encoded in the digital asset triggers a fractionalized royalty model that requires enforcement of a distributed royalty arrangement.
4 . The computer-based system of claim 3 , wherein the first and second blockchain networks are respectively configured to support first and second digital asset platforms.
5 . The computer-based system of claim 1 , wherein the other of the first and second entities is implemented upon the second blockchain network at a network location separate from a corresponding network location of the first blockchain network.
6 . The computer-based system of claim 1 , wherein the other of the first and second entities is an offline entity.
7 . The computer-based system of claim 1 , wherein the multiple nodes are configured to create a token representing the digital asset, and wherein the preset rule encoded in the digital asset is configured to influence a transaction value of the digital asset.
8 . The computer-based system of claim 1 , wherein the preset rule encoded in the digital asset includes a threshold value pertaining to a transaction value of the digital asset.
9 . The computer-based system of claim 8 , wherein the preset rule encoded in the digital asset is configured to implement a transaction value floor for the transfer of the digital asset.
10 . The computer-based system of claim 8 , wherein the preset rule encoded in the digital asset is configured to require a transaction value of the digital asset to remain within a bounded percentage of a transaction value change from a prior transaction.
11 . The computer-based system of claim 1 , wherein the first blockchain network is decentralized and the preset rule encoded in the digital asset comprises a smart contract.
12 . A computer-implemented method of enforcing conditional transfer of digital assets, the computer-implemented method comprising:
implementing, upon a blockchain network, a cross-chain clearinghouse control system configured to: (i) approve a transfer of a digital asset from a first entity to a second entity in response to the transfer satisfying a preset rule encoded in the digital asset or (ii) disapprove the transfer in response to the transfer not satisfying the rule, the cross-chain clearinghouse control system being embedded on a cryptoprocessor of at least one of multiple nodes of the blockchain network;
wherein one of the first and second entities is a digital wallet implemented upon the blockchain network, and an other of the first and second entities is implemented apart from the blockchain network.
13 . The computer-implemented method of claim 12 , further comprising configuring the preset rule encoded in the digital asset to specify a royalty to be paid to a creator or prior owner of the digital asset upon transfer of the digital asset.
14 . The computer-implemented method of claim 13 , further comprising configuring the preset rule encoded in the digital asset to implement a fractionalized royalty model that requires enforcement of a distributed royalty arrangement.
15 . The computer-implemented method of claim 14 , wherein the blockchain network is a first blockchain network, and the other of the first and second entities is implemented upon a second blockchain network, the computer-implemented method further comprising:
configuring the first and second blockchain networks to respectively support first and second digital asset platforms.
16 . The computer-implemented method of claim 12 , wherein the other of the first and second entities is implemented upon the blockchain network at a network location separate from a corresponding network location of the one of the first and second entities.
17 . The computer-implemented method of claim 12 , wherein the other of the first and second entities is an offline entity.
18 . The computer-implemented method of claim 12 , further comprising:
creating a token representing the digital asset; and
establishing a threshold value pertaining to a transaction value of the digital asset, the preset rule encoded in the digital asset configured to analyze the threshold value.
19 . The computer-implemented method of claim 18 , further comprising at least one of: (i) implementing, via the threshold value, a transaction value floor for the transfer of the digital asset and (ii) implementing a condition whereby the transaction value of the digital asset remains within a bounded percentage of a transaction value change from a prior transaction, wherein the threshold value is based on the bounded percentage.
20 . A non-transitory computer program product for enforcing conditional transfer of digital assets, the non-transitory computer program product comprising a computer-readable medium with computer code instructions stored thereon, the computer code instructions being configured, when executed by a processor, to cause the processor to:
implement, upon a blockchain network, a cross-chain clearinghouse control system configured to: (i) approve a transfer of a digital asset from a first entity to a second entity in response to the transfer satisfying a preset rule encoded in the digital asset or (ii) disapprove the transfer in response to the transfer not satisfying the rule, the cross-chain clearinghouse control system being embedded on a cryptoprocessor of at least one of multiple nodes of the blockchain network;
wherein one of the first and second entities is a digital wallet implemented upon the blockchain network, and an other of the first and second entities is implemented apart from the blockchain network.