Distributed ledger-based system for generating and automatically executing liquidation events for non-ownership-based securities
A platform receives selection of details of a non-ownership-based security from an administrator profile, such as participation rules, distribution rules, and liquidation value rules. The system automatically integrates with an internal database or external database to record parameters of potential participants in the security on an immutable, distributed ledger. The platform automatically transmits update messages to each potential participant, providing information regarding updates to details regarding the security. At the time of liquidation, the platform utilizes a ledger oracle to automatically identify owners of the security, relative distribution to each owner, and subsequently executes payouts to the owners of the security.
1 . A system for generating a non-ownership-based security and automatically executing a liquidation event for the non-ownership-based security, comprising:
a server platform, including a processor and a memory, operable to generate a plurality of user profiles associated with a plurality of user devices;
wherein the server platform receives selection from one or more of the plurality of user devices of parameters for the non-ownership-based security, including a start date, an end date, one or more participation rules, and/or one or more distribution rules, and wherein the server platform generates the non-ownership-based security based on the parameters;
wherein the parameters are recorded on an immutable, distributed ledger;
wherein the server platform connects to at least one internal database or at least one external database and receives information regarding one or more participants in the non-ownership-based security from the at least one internal database or the at least one external database;
wherein the server platform determines a liquidation trigger event;
wherein the server platform utilizes a ledger oracle to automatically determine the one or more participation rules for the non-ownership-based security and determines one or more designated beneficiaries of the non-ownership-based security, wherein the one or more designated beneficiaries become identifiable upon the liquidation trigger event, wherein the determination of the one or more designated beneficiaries of the non-ownership-based security is based on the one or more participation rules;
wherein the server platform utilizes the ledger oracle to determine the one or more distribution rules for the non-ownership-based security and determines an amount to distribute to the one or more designated beneficiaries based on the one or more distribution rules; and
wherein the server platform automatically distributes funds and/or other benefits to one or more financial accounts associated with the one or more designated beneficiaries.
2 . The system of claim 1 , wherein the server platform receives updated information from the at least one internal database or the at least one external database at regular intervals based on selection from the one or more of the plurality of user devices.
3 . The system of claim 1 , wherein the at least one external database includes at least one human resource information system (HRIS).
4 . The system of claim 1 , wherein the liquidation trigger event includes at least one company meeting at least financial objective.
5 . The system of claim 1 , wherein the server platform is operable to automatically transmit update messages to the one or more participants, and wherein the update messages include a value of the non-ownership-based security, a potential distribution value to each of the one or more participants, and/or progress toward the liquidation trigger event.
6 . The system of claim 1 , wherein the server platform further utilizes the ledger oracle to determine liquidation value rules to determine a total value of the non-ownership-based security.
7 . The system of claim 1 , wherein the server platform further utilizes the ledger oracle to determine when the liquidation trigger event occurs.
8 . The system of claim 1 , wherein the one or more of the plurality of user devices is associated with at least one administrator profile.
9 . A method for generating a non-ownership-based security and automatically executing a liquidation event for the non-ownership-based security, comprising:
a server platform, including a processor and a memory, generating a plurality of user profiles associated with a plurality of user devices;
wherein the server platform receiving selection from one or more of the plurality of user devices of parameters for the non-ownership-based security, including a start date, an end date, one or more participation rules, and/or one or more distribution rules, and generating the non-ownership-based security based on the parameters;
recording the parameters on an immutable, distributed ledger;
the server platform connecting to at least one internal database or at least one external database and receiving information regarding one or more participants in the non-ownership-based security from the at least one internal database or the at least one external database;
the server platform determining a liquidation trigger event;
the server platform utilizing a ledger oracle to determine the one or more participation rules for the non-ownership-based security and automatically determining one or more designated beneficiaries of the non-ownership-based security, the one or more designated beneficiaries becoming identifiable upon the liquidation trigger event, and the determination of the one or more designated beneficiaries of the non-ownership-based security being based on the one or more participation rules;
the server platform utilizing the ledger oracle to determine the one or more distribution rules for the non-ownership-based security and determining an amount to distribute to the one or more designated beneficiaries based on the one or more distribution rules; and
the server platform automatically distributing funds and/or other benefits to one or more financial accounts associated with the one or more designated beneficiaries.
10 . The method of claim 9 , further comprising the server platform receiving updated information from the at least one internal database or the at least one external database at regular intervals based on selection from the one or more of the plurality of user devices.
11 . The method of claim 9 , wherein the at least one external database includes at least one human resource information system (HRIS).
12 . The method of claim 9 , wherein the liquidation trigger event includes at least one company meeting at least financial objective.
13 . The method of claim 9 , further comprising the server platform automatically transmitting update messages to the one or more participants, wherein the update messages include a value of the non-ownership-based security, a potential distribution value to each of the one or more participants, and/or progress toward the liquidation trigger event.
14 . The method of claim 9 , further comprising the server platform utilizing the ledger oracle to determine liquidation value rules to determine a total value of the non-ownership-based security.
15 . The method of claim 9 , further comprising the server platform utilizing the ledger oracle to determine when the liquidation trigger event occurs.
16 . The method of claim 9 , wherein the one or more of the plurality of user devices is associated with at least one administrator profile.
17 . A system for generating a non-ownership-based security and automatically executing a liquidation event for the non-ownership-based security, comprising:
a server platform, including a processor and a memory, operable to generate a plurality of user profiles associated with a plurality of user devices;
wherein the server platform receives selection from one or more of the plurality of user devices of parameters for the non-ownership-based security, including a start date, an end date, one or more participation rules, one or more liquidation value rules, and/or one or more distribution rules, and wherein the server platform generates the non-ownership-based security based on the parameters;
wherein the parameters are recorded on an immutable, distributed ledger;
wherein the server platform determines a liquidation trigger event;
wherein the server platform utilizes a ledger oracle to determine the one or more liquidation value rules to determine a total value of the non-ownership-based security,
wherein the server platform utilizes the ledger oracle to automatically determine the one or more participation rules for the non-ownership-based security and determines one or more designated beneficiaries of the non-ownership-based security, wherein the one or more designated beneficiaries become identifiable upon the liquidation trigger event, wherein the determination of the one or more designated beneficiaries of the non-ownership-based security based on the one or more participation rules;
wherein the server platform utilizes the ledger oracle to determine the one or more distribution rules for the non-ownership-based security and determines an amount to distribute to the one or more designated beneficiaries based on the one or more distribution rules; and
wherein the server platform automatically distributes funds and/or other benefits to one or more financial accounts associated with the one or more designated beneficiaries.
18 . The system of claim 17 , wherein the liquidation trigger event includes at least one company meeting at least financial objective.
19 . The system of claim 17 , wherein the server platform further utilizes the ledger oracle to determine when the liquidation trigger event occurs.
20 . The system of claim 17 , wherein the one or more of the plurality of user devices is associated with at least one administrator profile.