System And Process For Tokenization And Management Of Liability

  • Published: Apr 6, 2017
  • Earliest Priority: Oct 02 2015
  • Family: 1
  • Cited Works: 0
  • Cited by: 7
  • Cites: 0
  • Additional Info: Full text

A system and process for management of liabilities is disclosed. The embodiments mitigate variance in the assessment of liability values. In an exemplary embodiment, a liability may be created under rules stored in the form of an digital token. The rules may form a smart contract wherein the terms within the contract change automatically based on criteria being met. The token associated with the smart contract may have tangible value that can appreciate/depreciate and may thus be a tradeable asset or commodity. The inventory of liabilities associated with an issuer may thus be tracked and value precisely assessed.

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Document History
  • Publication: Apr 6, 2017
  • Application: Oct 3, 2016
    US US 201615284457 A
  • Priority: Oct 3, 2016
    US US 201615284457 A
  • Priority: Oct 2, 2015
    US US 201562236241 P

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