Granted Patent B2

US 12,294,659 · App. 18/441,657 · Granted May 6, 2025

Inventors: Michael Robert Young (Davidson, NC); James J. Siekman (Charlotte, NC); Richard Seymour Scot (Huntersville, NC)

Assignee: BANK OF AMERICA CORPORATION

H04L9/3247H04L9/50

Abstract

Claims (73)

1. A system for tracking resources using non-fungible tokens (NFTs), the system comprising:

at least one processing device; and

at least one non-transitory storage device containing instructions that, when executed by the at least one processing device, cause the at least one processing device to:

electronically receive, over a distributed computing network from a computing device of a user, a request for a non-fungible token (NFT) for a resource, wherein the resource is a physical object;

initiate a non-fungible token (NFT) generator on the resource in response to receiving the request;

generate a unique digital signature for the resource, wherein generating the unique signature further comprises:

generating, using a resource scanner, an image of the resource; and

identifying one or more features of the resource from the image of the resource, wherein the one or more features comprise dimensionality information of the resource, color schema of the resource, surface topography of the resource, and physical density of the resource;

generate, using the NFT generator, the NFT, wherein the NFT comprises at least the unique digital signature for the resource;

determine a physical condition of the resource using the one or more features;

store the physical condition of the resource in a first metadata layer associated with the NFT; and

record the NFT for the resource on a distributed ledger, wherein recording the NFT on the distributed ledger further comprises:

generating a new transaction object for the NFT; and

deploying the new transaction object on the distributed ledger.

2. The system of claim 1 , wherein generating an image of the resource comprises generating a high-resolution three-dimensional image of the resource.

3. The system of claim 2 , wherein identifying one or more features of the resource comprises identifying one or more features of the resource from the high-resolution three-dimensional image.

4. The system of claim 1 , wherein the at least one non-transitory storage device further comprises instructions that, when executed by the at least one processing device, cause the at least one processing device to:

determine a value of the resource based on at least the physical condition of the resource.

5. The system of claim 1 , wherein the at least one non-transitory storage device further comprises instructions that, when executed by the at least one processing device, cause the at least one processing device to:

determine that the resource is stored in a storage facility;

receive storage information associated with the resource, wherein the storage information comprises at least location of the storage facility, ambient conditions of the storage facility, and/or security information of the storage facility;

generate, using the NFT generator, a second metadata layer for the resource; and

store the storage information associated with the resource in the second metadata layer.

6. The system of claim 1 , wherein deploying the new transaction object further comprises:

capturing a distributed ledger address associated with the recording; and

generating a notification indicating that the new transaction object has been created for the NFT in the distributed ledger, wherein the notification comprises at least the distributed ledger address; and

transmitting control signals configured to cause the computing device of the user to display the notification.

7. A computer program product for tracking resources using non-fungible tokens, the computer program product comprising a non-transitory computer-readable medium comprising code causing a first apparatus to:

electronically receive, over a distributed computing network from a computing device of a user, a request for a non-fungible token (NFT) for a resource, wherein the resource is a physical object;

initiate a non-fungible token (NFT) generator on the resource in response to receiving the request;

generate a unique digital signature for the resource, wherein generating the unique signature further comprises:

generating, using a resource scanner, an image of the resource; and

identifying one or more features of the resource from the image of the resource, wherein the one or more features comprise dimensionality information of the resource, color schema of the resource, surface topography of the resource, and physical density of the resource;

generate, using the NFT generator, the NFT, wherein the NFT comprises at least the unique digital signature for the resource;

determine a physical condition of the resource using the one or more features;

store the physical condition of the resource in a first metadata layer associated with the NFT; and

record the NFT for the resource on a distributed ledger, wherein recording the NFT on the distributed ledger further comprises:

generating a new transaction object for the NFT; and

deploying the new transaction object on the distributed ledger.

8. The computer program product of claim 7 , wherein generating an image of the resource comprises generating a high-resolution three-dimensional image of the resource.

9. The computer program product of claim 8 , wherein identifying one or more features of the resource comprises identifying one or more features of the resource from the high-resolution three-dimensional image.

10. The computer program product of claim 7 , wherein the non-transitory computer-readable medium comprises code that, when executed, further causes the apparatus to:

determine a value of the resource based on at least the physical condition of the resource.

11. The computer program product of claim 7 , wherein the non-transitory computer-readable medium comprises code that, when executed, further causes the apparatus to:

determine that the resource is stored in a storage facility;

receive storage information associated with the resource, wherein the storage information comprises at least location of the storage facility, ambient conditions of the storage facility, and/or security information of the storage facility;

generate, using the NFT generator, a second metadata layer for the resource; and

store the storage information associated with the resource in the second metadata layer.

12. The computer program product of claim 7 , wherein deploying the new transaction object further comprises:

capturing a distributed ledger address associated with the recording; and

generating a notification indicating that the new transaction object has been created for the NFT in the distributed ledger, wherein the notification comprises at least the distributed ledger address; and

transmitting control signals configured to cause the computing device of the user to display the notification.

13. A method for tracking resources using non-fungible tokens, the method comprising:

electronically receiving, over a distributed computing network from a computing device of a user, a request for a non-fungible token (NFT) for a resource, wherein the resource is a physical object;

initiating a non-fungible token (NFT) generator on the resource in response to receiving the request;

generating a unique digital signature for the resource, wherein generating the unique signature further comprises:

generating, using a resource scanner, an image of the resource; and

identifying one or more features of the resource from the image of the resource, wherein the one or more features comprise dimensionality information of the resource, color schema of the resource, surface topography of the resource, and physical density of the resource;

generating, using the NFT generator, the NFT, wherein the NFT comprises at least the unique digital signature for the resource;

determining a physical condition of the resource using the one or more features;

storing the physical condition of the resource in a first metadata layer associated with the NFT; and

recording the NFT for the resource on a distributed ledger, wherein recording the NFT on the distributed ledger further comprises:

generating a new transaction object for the NFT; and

deploying the new transaction object on the distributed ledger.

14. The method of claim 13 , wherein generating an image of the resource comprises generating a high-resolution three-dimensional image of the resource.

15. The method of claim 14 , wherein identifying one or more features of the resource comprises identifying one or more features of the resource from the high-resolution three-dimensional image.

16. The method of claim 13 , wherein the method further comprises:

determining a value of the resource based on at least the physical condition of the resource.

17. The method of claim 13 , wherein the method further comprises:

determining that the resource is stored in a storage facility;

receiving storage information associated with the resource, wherein the storage information comprises at least location of the storage facility, ambient conditions of the storage facility, and/or security information of the storage facility;

generating, using the NFT generator, a second metadata layer for the resource; and

storing the storage information associated with the resource in the second metadata layer.

Assignments (1)

Continuity (2)

References Cited (34)