US 12,271,892 B2
System and method for implementing a blockchain platform that creates and manages secured tokens
Anupam Sarwaikar, Morganville, NJ (US); and Bhaktavatsalam Yadlapalli, Mechanicsburg, PA (US)
Assigned to Livegage, Inc., Morganville, NJ (US)
Filed by Livegage, Inc., Morganville, NJ (US)
Filed on Apr. 27, 2023, as Appl. No. 18/140,276.
Prior Publication US 2024/0362620 A1, Oct. 31, 2024
Int. Cl. G06Q 20/36 (2012.01); G06Q 40/03 (2023.01); G06Q 50/163 (2024.01); H04L 9/32 (2006.01)
CPC G06Q 20/36 (2013.01) [G06Q 40/03 (2023.01); G06Q 50/163 (2013.01); H04L 9/3213 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A system that implements a secured token marketplace on a distributed ledger system, the system comprising:
an interface that communicates with one or more client systems via a communication network; and
a server comprising a computer processor coupled to the interface and in communication with a distributed ledger system, wherein the distributed ledger system comprises a blockchain system, the computer processor further configured to:
receive, via the interface, a request for a first secured token that represents a property wherein the property is uniquely identified by a set of property attributes;
based on the set of property attributes, generate a first secured digital token for the property by encrypting the set of property attributes and further generate a first hash value using the encrypted set of property attributes;
process a request for a loan on the property represented by the first secured digital token to generate a loan note for the property wherein the loan note is uniquely identified by a set of loan attributes;
based on the set of loan attributes, generate a second secured digital token for the loan note by encrypting the set of loan attributes and further generate a second hash value using the encrypted set of loan attributes;
associate the first secured digital token and the second digital token to a borrower of the loan;
transmit the first secured digital token and the second digital token to the distributed ledger system in an encrypted format that comprises the first and second hash values and a unique key value; and
associate the first secured digital token and the second digital token with a digital wallet that enables one or more transactions to be made on the first secured digital token and the second digital token in a digital marketplace.