US 12,293,357 B2
Deploying physical diamond tokens on a blockchain
Cormac L. Kinney, New York, NY (US)
Assigned to DIAMOND STANDARD INC., New York, NY (US)
Filed by Diamond Standard Inc., New York, NY (US)
Filed on Feb. 7, 2024, as Appl. No. 18/435,365.
Application 18/435,365 is a continuation of application No. 18/153,989, filed on Jan. 12, 2023, granted, now 11,928,674.
Application 18/153,989 is a continuation of application No. 17/089,541, filed on Nov. 4, 2020, granted, now 11,580,536, issued on Feb. 14, 2023.
Claims priority of provisional application 62/930,396, filed on Nov. 4, 2019.
Claims priority of provisional application 62/930,391, filed on Nov. 4, 2019.
Claims priority of provisional application 62/930,405, filed on Nov. 4, 2019.
Claims priority of provisional application 62/930,420, filed on Nov. 4, 2019.
Claims priority of provisional application 62/930,483, filed on Nov. 4, 2019.
Claims priority of provisional application 62/930,425, filed on Nov. 4, 2019.
Prior Publication US 2024/0311812 A1, Sep. 19, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/38 (2012.01); G06F 16/22 (2019.01); G06F 16/2457 (2019.01); G06F 16/28 (2019.01); G06Q 20/06 (2012.01); G06Q 20/36 (2012.01); G06Q 30/018 (2023.01); G06Q 30/08 (2012.01); G06Q 40/04 (2012.01); H04L 9/06 (2006.01); H04L 9/14 (2006.01); H04L 9/30 (2006.01); H04L 9/32 (2006.01); H04W 12/06 (2021.01); H04L 9/00 (2022.01)
CPC G06Q 20/3825 (2013.01) [G06F 16/2264 (2019.01); G06F 16/24578 (2019.01); G06F 16/28 (2019.01); G06F 16/285 (2019.01); G06Q 20/0658 (2013.01); G06Q 20/3672 (2013.01); G06Q 20/3674 (2013.01); G06Q 20/3678 (2013.01); G06Q 20/3829 (2013.01); G06Q 30/0185 (2013.01); G06Q 30/08 (2013.01); G06Q 40/04 (2013.01); H04L 9/0618 (2013.01); H04L 9/0637 (2013.01); H04L 9/14 (2013.01); H04L 9/30 (2013.01); H04L 9/3213 (2013.01); H04L 9/3278 (2013.01); H04W 12/06 (2013.01); G06Q 20/0655 (2013.01); G06Q 20/389 (2013.01); G06Q 30/018 (2013.01); G06Q 2220/00 (2013.01); H04L 9/50 (2022.05)] 17 Claims
OG exemplary drawing
 
1. A method comprising:
interrelating tokens of two separate blockchain data structures and a physical diamond commodity, the physical diamond commodity including a secured container that houses one or more diamonds, a plurality of visual taggants, an encryption chip, the two separate blockchain data structures including an issuance blockchain and a cryptocurrency blockchain, the issuance blockchain including a cryptographic token that corresponds to the physical diamond commodity and the cryptocurrency blockchain including currency backed by the physical diamond commodity;
wherein the cryptographic token is indicative of a single physical diamond commodity of multiple physical diamond commodities such that a one-to-one correspondence exists between the cryptographic token and the physical diamond commodity, and
wherein the currency of the cryptocurrency blockchain has a variable exchange rate with the cryptographic token;
generating a smart contract on the issuance blockchain configured to enable a cryptographic event in response to:
a verification of the physical diamond commodity based on an initial visual layout received of the secured container and availability of a private cryptographic key currently associated with the secured container; and
writing the smart contract to the issuance blockchain.