Granted Patent B2

US 12,586,124 · App. 18/072,215 · Granted Mar 24, 2026

Inventor: Joshua Simmons (Chatsworth, GA)

Assignee: All-Tag Corporation

G06Q30/0641G06Q30/0283G06Q2220/00

Abstract

Claims (43)

1 . A system for facilitating the resale of goods on an Online Retail Marketplace by confirming the authenticity of the goods through the purchase of an NFT digital twin of the goods at the first point of sale of the goods from an Original Product Retailer comprising

a Vendor having a Vendor Central Server used to facilitate the resale of an Original Good, wherein the Vendor Central Server includes a non-transitory computer-readable medium;

the Original Product Retailer having an account with the Vendor;

the Online Retail Marketplace having an account with the Vendor;

a Blockchain Network having an account with the Vendor;

the Vendor Central Server having a computer network connected with the computer network of the Original Product Retailer, the Blockchain Network and the Online Retail Marketplace;

wherein, the Original Product Retailer sells the Original Good to an Original Customer and allows the Original Customer to opt to obtain the NFT digital twin (“NFT”) of the Original Good;

wherein, if the Original Customer opts to obtain the NFT, the Original Customer provides identification information to the Vendor and the identification information is entered into and stored on the Vendor Central Server;

wherein, the Vendor Central Server thereafter notifies the Blockchain Network that the Original Customer has opted to obtain the NFT of the Original Good and the Blockchain Network creates and stores the NFT of the Original Good in a Blockchain Network ledger having a non-transitory computer-readable medium;

wherein, if the Original Customer resells the Original Good and the NFT thereof on the Online Retail Marketplace to a Resale Customer for an agreed upon price, the transaction is recorded and stored on the Vendor Central Server;

wherein, the Original Customer is given the option of receiving either the agreed upon price minus an Online Retail Marketplace commission for brokering the sale or an agreed upon merchandise credit redeemable from the Original Product Retailer or a partner of the Original Product Retailer;

wherein, when the Original Customer selects the merchandise credit, the Original Product Retailer receives a share of the agreed upon purchase price as an advance on a future sale to the Original Customer using the merchandise credit, and the Online Resale Marketplace receives an agreed upon commission from the agreed upon purchase price for brokering the resale of the Original Good; and

optionally the Resale Customer's identification information is entered and stored into the Vendor Central Server and the NFT entered into the Blockchain Network ledger in the name of the Resale Customer.

2 . The system for facilitating the resale of goods of claim 1 wherein when the Original Customer selects paying a commission to the Online Retail Marketplace and the Online Retail Marketplace pays an agreed upon amount of the commission to the Original Product Retailer.

3 . The system for facilitating the resale of goods of claim 1 wherein the agreed upon merchandise credit redeemable from the Original Product Retailer or partner of the Original Product Retailer is the full resale price of the Original Good.

4 . The system for facilitating the resale of goods of claim 1 wherein the agreed upon merchandise credit redeemable from the Original Product Retailer or partner of the Original Product Retailer is greater than the resale price of the Original Good.

5 . The system for facilitating the resale of goods of claim 1 wherein the Original Customer redeems the merchandise credit from the Original Product Retailer or a partner of the Original Product Retailer and purchases a new Original Good from the Original Product Retailer and opts to obtain an NFT for the new Original Good and the system repeats itself.

6 . A method for facilitating the resale of goods on an Online Retail Marketplace by confirming the authenticity of the goods through the purchase of an NFT digital twin of the goods at the first point of sale of the goods from an Original Product Retailer comprising

a. providing the following participants

a Vendor having a Vendor Central Server used to facilitate the resale of an Original Good, wherein the Vendor Central Server includes a non-transitory computer-readable medium;

the Original Product Retailer having an account with the Vendor;

the Online Retail Marketplace having an account with the Vendor;

a Blockchain Network having an account with the Vendor;

b. wherein the Vendor Central Server having a computer network connected with the computer network of the Original Product Retailer, the Blockchain Network and the Online Retail Marketplace;

c. wherein the Original Product Retailer sells the Original Good to an Original Customer and allows the Original Customer to opt to obtain an NFT digital twin (“NFT”) of the Original Good;

d. wherein, if the Original Customer opts to obtain the NFT, the Original Customer provides identification information to the Vendor and the identification information is entered into and stored on the Vendor Central Server;

e. wherein the Vendor Central Server thereafter notifies the Blockchain Network that the Original Customer has opted to obtain the NFT of the Original Good and the Blockchain Network creates and stores the NFT of the Original Good in a Blockchain Network ledger having a non-transitory computer-readable medium;

f. wherein, if the Original Customer resells the Original Good and the NFT thereof on the Online Retail Marketplace to a Resale Customer for an agreed upon price, the transaction is recorded and stored on the Vendor Central Server;

g. wherein the Original Customer is given the option of receiving either the agreed upon price minus an Online Retail Marketplace commission for brokering the sale or an agreed upon merchandise credit redeemable from the Original Product Retailer or a partner of the Original Product Retailer;

h. wherein, if when the Original Customer selects the merchandise credit, the Original Product Retailer receives a share of the agreed upon purchase price as an advance on a future sale to the Original Customer using the merchandise credit, and the Online Resale Marketplace receives an agreed upon commission from the agreed upon purchase price for brokering the resale of the Original Good; and

i. optionally the Resale Customer's identification information is entered into and stored on the Vendor Central Server and the NFT entered into the Blockchain Network ledger in the name of the Resale Customer.

7 . The method for facilitating the resale of goods of claim 6 wherein when the Original Customer selects paying a commission to the Online Retail Marketplace and the Online Retail Marketplace pays an agreed upon amount of the commission to the Original Product Retailer.

8 . The method for facilitating the resale of goods of claim 6 wherein the agreed upon merchandise credit redeemable from the Original Product Retailer or partner of the Original Product Retailer is the full resale price of the Original Good.

9 . The method for facilitating the resale of goods of claim 6 wherein the agreed upon merchandise credit redeemable from the Original Product Retailer or partner of the Original Product Retailer is greater than the resale price of the Original Good.

10 . The method for facilitating the resale of goods of claim 6 wherein the Original Customer redeems the merchandise credit from the Original Product Retailer or a partner of the Original Product Retailer and purchases a new Original Good from the Original Product Retailer and opts to obtain an NFT for the new Original Good and the method repeats itself.

11 . A non-transitory computer-readable medium of a Vendor that, when executed by a Vendor Central Server computing system, causes the computer system to perform a method comprising:

receiving from an Original Product Retailer a request from an Original Customer purchasing an Original Good to obtain an NFT digital twin (“NFT”) of the Original Good for authenticating the subsequent resale of the Original Good on an Online Retail Marketplace;

receiving the Original Customer's identifying information and storing it in the Vendor Central Server;

generating instructions from the Vendor Central Server to a Blockchain Network having an account with the Vendor to create and store the NFT of the Original Good and wherein the Blockchain Network generates the NFT of the Original Good and stores the NFT in a Blockchain Network ledger having a non-transitory computer-readable medium;

wherein, if the Original Customer resells the Original Good and the NFT thereof on the Online Retail Marketplace to a Resale Customer for an agreed upon price, the transaction is recorded and stored on the Vendor Central Server;

wherein, the Original Customer is given the option of receiving either the agreed upon price minus an Online Retail Marketplace commission for brokering the sale or an agreed upon merchandise credit redeemable from the Original Product Retailer or a partner of the Original Product Retailer;

wherein, when the Original Customer selects the merchandise credit, the Original Product Retailer receives a share of the agreed upon purchase price as an advance on a future sale to the Original Customer using the merchandise credit, and the Online Resale Marketplace receives an agreed upon commission from the agreed upon purchase price for brokering the resale of the Original Good; and

optionally the Resale Customer's identification information is entered into and stored on the Vendor Central Server and the NFT entered into the Blockchain Network ledger in the name of the Resale Customer.

Continuity (2)

References Cited (23)