US 12,243,048 B2
Techniques for redemption of digital tokens and fulfillment of items
Jonathan Yantis, Grants Pass, OR (US); William Edward Quigley, Pacific Palisades, CA (US); and Lukasz Jakub Sliwka, Long Beach, CA (US)
Assigned to VERONA HOLDINGS SEZC, George Town (KY)
Filed by VERONA HOLDINGS SEZC, George Town (KY)
Filed on Jun. 30, 2021, as Appl. No. 17/363,661.
Application 17/363,661 is a continuation of application No. 17/245,662, filed on Apr. 30, 2021.
Application 17/245,662 is a continuation of application No. PCT/US2019/059389, filed on Nov. 1, 2019.
Claims priority of provisional application 62/906,211, filed on Sep. 26, 2019.
Claims priority of provisional application 62/770,620, filed on Nov. 21, 2018.
Claims priority of provisional application 62/770,624, filed on Nov. 21, 2018.
Claims priority of provisional application 62/754,987, filed on Nov. 2, 2018.
Prior Publication US 2021/0326853 A1, Oct. 21, 2021
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/40 (2012.01); G06F 21/60 (2013.01); G06Q 20/12 (2012.01); G06Q 20/32 (2012.01); G06Q 20/34 (2012.01); G06Q 20/38 (2012.01); G06Q 30/018 (2023.01); G06Q 20/36 (2012.01)
CPC G06Q 20/123 (2013.01) [G06F 21/602 (2013.01); G06Q 20/326 (2020.05); G06Q 20/342 (2013.01); G06Q 20/38215 (2013.01); G06Q 20/40 (2013.01); G06Q 30/0185 (2013.01); G06Q 20/1235 (2013.01); G06Q 20/3672 (2013.01); G06Q 2220/00 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for facilitating transactions via a tokenization platform comprising:
maintaining by a set of processing devices:
a plurality of public addresses, wherein each respective public address corresponds to a respective account of a respective user of the tokenization platform;
a plurality of virtual representations of a plurality of respective physical items;
for each particular virtual representation, a set of non-fungible digital tokens that respectively correspond to a particular instance of a particular physical item represented by the particular virtual representation, whereby each respective non-fungible digital token is cryptographically linked with the corresponding virtual representation; and
ownership data that associates each respective digital token with the respective account of a respective owner of the respective digital token;
receiving, by the set of processing devices, a first message comprising a redemption request to redeem a non-fungible digital token of the set of non-fungible digital tokens from a user device of a user, the non-fungible digital token corresponding to an instance of a physical item to be redeemed;
in response to receiving the redemption request, verifying, by the set of processing devices, that the user is the owner of the non-fungible digital token based on the plurality of public addresses, the ownership data of the set of non-fungible digital tokens, and the redemption request;
in response to verifying that the user is the owner of the non-fungible digital token, automatically transmitting, by the set of processing devices and to the user device, a second message requesting fulfilment details pertaining to the physical item from the user, wherein the fulfilment details include information needed to satisfy fulfillment of the transaction for the physical item that were not provided at a time when the non-fungible digital token was transacted for, wherein the information comprises one or more of size information, color information, or constituent material information of the physical item;
receiving the fulfilment details from the user device of the user; and
in response to receiving the fulfilment details from the user device, outputting, by the set of processing devices, the fulfilment details to a fulfilment system that satisfies the fulfillment of transactions for physical items.