System and method for controlling asset-related actions via a block chain

This invention describes a computer system that uses a blockchain to manage and transfer ownership of an asset. It works by defining the asset with private cryptographic keys linked to its owner, creating a public registry, and setting up a "smart contract." This contract contains rules that automatically trigger blockchain transactions to transfer *currency* related to the asset, for example, following a predefined payment schedule.

Why it matters: Filed in 2023, the core blockchain technology was already mature. However, regulatory clarity for digital currency transfers and the development of institutional-grade blockchain platforms for real-world asset tokenization have advanced significantly, making the implementation of such payment schedules more feasible and legally robust.

Status: Not in forceListed as no longer active.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 integration, cryptography

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