Systems and methods to track, store, and manage events, rights and liabilities
View Patent ↗Aspects herein relate to storing information concerning rights and liabilities or other records on distributed ledgers. A method disclosed can include identifying a transferor blockchain associated with rights and liabilities for transfer from a transferor to an acquirer, identifying an acquirer blockchain associated with the acquirer, creating an interim blockchain including the rights and liabilities, generating entries to the transferor blockchain removing the rights and liabilities, and generating entries to the acquirer blockchain adding the rights and liabilities. Another method disclosed can include identifying a critical record of a party, identifying a blockchain associated with the party, and generating an entry on the blockchain associated with the critical record, the entry having permissions related to at least the party.
1. A method, comprising:
identifying a transferor blockchain associated with rights and liabilities for transfer from a transferor to an acquirer;
identifying an acquirer blockchain associated with the acquirer;
creating an interim blockchain including the rights and liabilities;
generating a first set of entries to the transferor blockchain removing the rights and liabilities;
generating a second set of entries to the acquirer blockchain adding the rights and liabilities; and
terminating the transferor blockchain when the transferor blockchain is constructively empty.
2. The method of claim 1 , wherein the interim blockchain is a sidechain.
3. The method of claim 1 , further comprising terminating the interim blockchain after generating the second set of entries to the acquirer blockchain adding the rights and liabilities.
4. The method of claim 3 , further comprising reconciling the acquirer blockchain to the interim blockchain before terminating the interim blockchain.
5. The method of claim 1 , further comprising reconciling the interim blockchain to the transferor blockchain before generating the first set of entries to the transferor blockchain removing the rights and liabilities.
6. The method of claim 1 , wherein a block of the transferor blockchain associated with the rights and liabilities includes information on accessing or controlling assets associated with the rights and liabilities.
7. The method of claim 1 , wherein the transferor is involved in a dissolution.
8. A system, comprising:
a non-transitory computer-readable medium containing instructions for implementing:
a transferor identification component that identifies a transferor blockchain recording rights and liabilities of an entity transferring the rights and liabilities;
an acquirer identification component that identifies an acquirer blockchain associated with an acquirer acquiring the rights and liabilities;
a blockchain transfer component that transfers the rights and liabilities from the transferor blockchain to the acquirer blockchain; and
a termination component that terminates the transferor blockchain when the transferor blockchain is constructively empty.
9. The system of claim 8 , non-transitory computer-readable medium further containing instructions for implementing:
an interim blockchain component that creates an interim blockchain including the rights and liabilities, the interim blockchain possesses the rights and liabilities between the transferor blockchain and the acquirer blockchain.
10. The system of claim 8 , the non-transitory computer-readable medium further containing instructions for implementing:
a reconciliation component that reconciles the rights and liabilities to one or both of the transferor blockchain and the acquirer blockchain.
11. The system of claim 8 , non-transitory computer-readable medium further containing instructions for implementing:
a control component that leverages a blockchain entry associated with the rights and liabilities to control an asset associated with the rights and liabilities.
12. The system of claim 8 , non-transitory computer-readable medium further containing instructions for implementing:
a security component that manages permissions concerning blockchain entries associated with the rights and liabilities.