AutoInvent
Turn abandoned patents
into your own filing
Get Started
Patent drawing for Tokenization platform
US 12,271,876 B2
Business & commerce US 12,271,876 B2 Not in force

Tokenization platform

This describes a computer system that helps you create digital tokens for physical or digital items. You input details about an item, like its type and quantity, and the system creates a digital stand-in for it and a smart contract with rules for its sale. It then generates a unique digital token linked to this stand-in, all recorded on a secure digital ledger. When the rules in the smart contract are met, the system automatically transfers the token to the buyer.

Why it matters: Filed when enterprise blockchain solutions were nascent, the intervening years have seen significant maturation in smart contract platforms and developer tooling. This makes building robust, scalable tokenization systems for diverse item types more feasible and cost-effective now.

Status
Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build
SpecializedSoftware logic, blockchain, smart contract development

3 AI reinvention directions for this patent

See all three

AI gives you a few directions you could take this. Pick one, and we check whether your version is different enough to patent, then write the filing.

Reinvent this with AI

Where this one came from

Every morning we go through millions of abandoned patents and pick out 15 worth your time. This was one of today’s.