Granted Patent B2

US 12,348,651 · App. 18/648,430 · Granted Jul 1, 2025

Inventor: Manu Jacob Kurian (Dallas, TX)

Assignee: BANK OF AMERICA CORPORATION

H04L9/3263G06Q40/08H04L2209/64

Abstract

Claims (76)

1. A system for distributing electronic digital certificates, the system comprising:

one or more non-transitory memory devices having computer readable code stored thereon;

one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute the computer readable code to:

generate electronic digital certificates associated with artifacts by generating, for each artifact of the artifacts, an electronic digital certificate, wherein each artifact, of the artifacts, is owned by a user of a group of users;

store the electronic digital certificates on a distributed ledger;

record, on the distributed ledger, interests of the group of users in the electronic digital certificates;

receive, from at least one user of the group of users, a request to combine the electronic digital certificates, wherein the request comprises information identifying the electronic digital certificates;

generate, based on the request and based on the electronic digital certificates, a combined electronic digital certificate;

store the combined electronic digital certificate on the distributed ledger, wherein the combined electronic digital certificate comprises a smart contract, and wherein the smart contract links each of the electronic digital certificates to the combined electronic digital certificate;

record, on the distributed ledger, interests of the group of users in the combined electronic digital certificate;

receive, from a second group of users, a request to generate a second electronic digital certificate associated with a second artifact owned by the second group of users;

generate the second electronic digital certificate having a subset of properties of the electronic digital certificate including information about shares assigned to each user in the second group of users; and

link, in the distributed ledger, interest from the electronic digital certificate and the second electronic digital certificate.

2. The system according to claim 1 , wherein the one or more processing devices are configured to execute the computer readable code to, after receiving the request to combine the electronic digital certificates:

verify, based on the distributed ledger, ownership of the electronic digital certificates; and

when generating the combined electronic digital certificate, only generate the combined electronic digital certificate based on verifying the ownership.

3. The system according to claim 1 , wherein the one or more processing devices are configured to execute the computer readable code to:

determine, based on the request, shares in the combined electronic digital certificate for the group of users by determining for each user of the group of users a share of the shares; and

record, on the distributed ledger and based on the shares, interests of the group of users in the combined electronic digital certificate.

4. The system according to claim 3 , wherein the one or more processing devices are configured to execute the computer readable code to:

determine values for the electronic digital certificates; and

when determining the shares in the combined electronic digital certificate for the group of users, determine, for each user of the group of users, the share of the shares based on the values for the electronic digital certificates.

5. The system according to claim 1 , wherein the smart contract comprises:

an assignment of rights to a verified authority of the combined electronic digital certificate, wherein the rights comprise a right to determine whether to authorize a proposed transfer of ownership of the electronic digital certificates and the combined electronic digital certificate; and

a set of rules governing proposed transfers of the electronic digital certificates and the combined electronic digital certificate.

6. The system according to claim 1 , wherein the one or more processing devices are further configured to execute the computer readable code to:

receive another request, from a first user of the group of users, to transfer ownership of the combined electronic digital certificate to a new user or a new group of users;

compress the recorded interests of the group of users;

store the compressed recorded interests of the group of users on the distributed ledger; and

record, on the distributed ledger and based on the other request, other interests of the new user or the new group of users in the combined electronic digital certificate.

7. The system according to claim 1 , wherein the distributed ledger comprises a compressed chain of ownership of the electronic digital certificates.

8. The system according to claim 1 , wherein the one or more processing devices are further configured to execute the computer readable code to:

provide, to another system associated with an insuring entity, unique identifiers of the electronic digital certificates;

receive, from the other system, information identifying an insurance policy;

store, on the distributed ledger, the information identifying the insurance policy; and

associate, on the distributed ledger, the stored information identifying the insurance policy with the electronic digital certificates.

9. A computer program product for distributing electronic digital certificates, the computer program product comprising a non-transitory computer-readable medium comprising code causing a first apparatus to:

generate electronic digital certificates associated with artifacts by generating, for each artifact of the artifacts, an electronic digital certificate, wherein each artifact, of the artifacts, is owned by a user of a group of users;

store the electronic digital certificates on a distributed ledger;

record, on the distributed ledger, interests of the group of users in the electronic digital certificates;

receive, from at least one user of the group of users, a request to combine the electronic digital certificates, wherein the request comprises information identifying the electronic digital certificates;

generate, based on the request and based on the electronic digital certificates, a combined electronic digital certificate;

store the combined electronic digital certificate on the distributed ledger, wherein the combined electronic digital certificate comprises a smart contract, and wherein the smart contract links each of the electronic digital certificates to the combined electronic digital certificate;

record, on the distributed ledger, interests of the group of users in the combined electronic digital certificate;

receive, from a second group of users, a request to generate a second electronic digital certificate associated with a second artifact owned by the second group of users;

generate the second electronic digital certificate having a subset of properties of the electronic digital certificate including information about shares assigned to each user in the second group of users; and

link, in the distributed ledger, interest from the electronic digital certificate and the second electronic digital certificate.

10. The computer program product according to claim 9 , wherein the non-transitory computer-readable medium comprises code causing the first apparatus to, after receiving the request to combine the electronic digital certificate:

verify, based on the distributed ledger, ownership of the electronic digital certificates; and

when generating the combined electronic digital certificate, only generate the combined electronic digital certificate based on verifying the ownership.

11. The computer program product according to claim 9 , wherein the non-transitory computer-readable medium comprises code causing the first apparatus to:

determine, based on the request, shares in the combined electronic digital certificate for the group of users by determining for each user of the group of users a share of the shares; and

record, on the distributed ledger and based on the shares, interests of the group of users in the combined electronic digital certificate.

12. The computer program product according to claim 11 , wherein the non-transitory computer-readable medium comprises code causing the first apparatus to:

determine values for the electronic digital certificates; and

when determining the shares in the combined electronic digital certificate for the group of users, determine, for each user of the group of users, the share of the shares based on the values for the electronic digital certificates.

13. The computer program product according to claim 9 , wherein the smart contract comprises:

an assignment of rights to a verified authority of the combined electronic digital certificate, wherein the rights comprise a right to determine whether to authorize a proposed transfer of ownership of the electronic digital certificates and the combined electronic digital certificate; and

a set of rules governing proposed transfers of the electronic digital certificates and the combined electronic digital certificate.

14. The computer program product according to claim 9 , wherein the non-transitory computer-readable medium comprises code causing the first apparatus to:

receive another request, from a first user of the groups of users, to transfer ownership of the combined electronic digital certificate to a new user or a new group of users;

compress the recorded interests of the group of users;

store the compressed recorded interests of the group of users on the distributed ledger; and

record, on the distributed ledger and based on the other request, other interests of the new user or the new group of users in the combined electronic digital certificate.

15. The computer program product according to claim 9 , wherein the distributed ledger comprises a compressed chain of ownership of the electronic digital certificates.

16. A method for distributing electronic digital certificates, the method comprising:

generating electronic digital certificates associated with artifacts by generating, for each artifact of the artifacts, an electronic digital certificate, wherein each artifact, of the artifacts, is owned by a user of a group of users;

storing the electronic digital certificates on a distributed ledger;

recording, on the distributed ledger, interests of the group of users in the electronic digital certificates;

receiving, from at least one user of the group of users, a request to combine the electronic digital certificates, wherein the request comprises information identifying the electronic digital certificates;

generating, based on the request and based on the electronic digital certificates, a combined electronic digital certificate;

storing the combined electronic digital certificate on the distributed ledger, wherein the combined electronic digital certificate comprises a smart contract, and wherein the smart contract links each of the electronic digital certificates to the combined electronic digital certificate;

recording, on the distributed ledger, interests of the group of users in the combined electronic digital certificate;

receiving, from a second group of users, a request to generate a second electronic digital certificate associated with a second artifact owned by the second group of users;

generating the second electronic digital certificate having a subset of properties of the electronic digital certificate including information about shares assigned to each user in the second group of users; and

linking, in the distributed ledger, interest from the electronic digital certificate and the second electronic digital certificate.

Assignments (1)

Continuity (2)

References Cited (50)