IP Library Patent Application 19073147
Patent Application
App. No. 19/073,147

SYSTEM DIGITAL ASSET-BACKED DATA INTERACTION SYSTEM

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Quick Facts
Patent No.
US None
App. No.
19/073,147
Abstract

A method executed by a system digital asset-backed data interaction system includes facilitating, by a data interaction computing entity of the system digital asset-backed data interaction system, a data interaction between a first computing entity providing data to a second computing entity. The facilitating the data interaction includes executing a real-time data interaction process and a nonreal-time data interaction process. The method further includes providing, by one or more staking computing entities of the system digital asset-backed data interaction system, system digital assets to a data interaction backing account of a plurality of data interaction backing accounts of a data interaction backing computing entity of the system digital asset-backed data interaction system to back the data interaction, and managing, by the data interaction backing account, the system digital assets in accordance with the real-time data interaction process and the nonreal-time data interaction process.

Claims (39)

1 . A method executed by a system digital asset-backed data interaction system, the method comprises:

facilitating, by a data interaction computing entity of the system digital asset-backed data interaction system, a data interaction between a first computing entity of the system digital asset-based data interaction system and a second computing entity of the system digital asset-based data interaction system, wherein the data interaction includes the first computing entity providing data to the second computing entity, and wherein the facilitating the data interaction includes executing a real-time data interaction process and a nonreal-time data interaction process;

providing, by one or more staking computing entities of the system digital asset-backed data interaction system, system digital assets to a data interaction backing account of a plurality of data interaction backing accounts of a data interaction backing computing entity of the system digital asset-backed data interaction system to back the data interaction; and

managing, by the data interaction backing account, the system digital assets in accordance with the real-time data interaction process and the nonreal-time data interaction process, wherein the data interaction backing computing entity is associated with the data interaction computing entity.

2 . The method of claim 1 , wherein the executing the real-time data interaction process comprises:

obtaining, by the data interaction computing entity, first computing entity real-time information and second computing entity real-time information;

instructing, by the data interaction computing entity, the data interaction backing computing entity to lock an amount of the system digital assets for the data interaction;

obtaining, by the data interaction computing entity, the data from the first computing entity; and

providing, by the data interaction computing entity, the data to the second computing entity.

3 . The method of claim 2 , wherein the executing the real-time data interaction process further comprises:

obtaining, by the data interaction computing entity, the data from the first computing entity;

converting, by the data interaction computing entity, the data to second data, wherein the data includes a first data format and the second data includes a second data format, and wherein the second data format is preferred by the second computing entity; and

providing, by the data interaction computing entity, the second data to the second computing entity.

4 . The method of claim 3 , wherein the converting the data to the second data comprises:

when the data is a digital asset:

connecting to one or more digital asset exchange entities to exchange the digital asset to a substantially equivalent amount of a desired asset, wherein the desired asset is the second data.

5 . The method of claim 2 , wherein the executing the nonreal-time data interaction process comprises:

connecting, by the data interaction computing entity, to a plurality consensus network computing entities associated with a distributed ledger technology, wherein the plurality of consensus network computing entities performs a verification process to verify the data interaction;

when the verification process is successful:

determining, by the data interaction computing entity, that the data interaction is successful; and

instructing, by the data interaction computing entity, the data interaction backing computing entity to unlock the amount of system digital assets; and

when the verification process is unsuccessful:

determining, by the data interaction computing entity, that the data interaction is unsuccessful; and

instructing, by the data interaction computing entity, the data interaction backing computing entity to facilitate a consume instruction of the amount of system digital assets.

6 . The method of claim 5 further comprises one or more of:

wherein the data is a digital asset, and wherein the distributed ledger technology is a digital asset blockchain associated with the digital asset; and

wherein data interaction terms regarding the data interaction are maintained by a data interaction smart contract, and the distributed ledger technology is a data interaction smart contract blockchain associated with the smart contract.

7 . The method of claim 2 , wherein the executing the real-time data interaction process further comprises:

determining, by the data interaction computing entity, data interaction terms based on the first and second computing entity real-time information and a type of the data interaction.

8 . The method of claim 7 , wherein the type of the data interaction includes one of:

a digital asset-based payment, wherein the first computing entity provides a digital asset and the second computing entity accepts a desired asset;

a loan agreement;

a contract; and

sending confidential data.

9 . The method of claim 8 , wherein the data interaction terms include one or more of:

a time frame;

a performance requirement;

an acknowledgment; and

an action.

Assignments (2)
CHANGE OF NAME Recorded Mar 10, 2025
From: FLEXA NETWORK INC.
To: FLEXA INC.
Reel/Frame 070459/0238 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Mar 7, 2025
From: FILTER, TREVOR; KILGORE, ZACHARY; SPALDING, TYLER ROBERT
To: FLEXA NETWORK INC.
Reel/Frame 070435/0986 →