US 12,354,082 B2
Secure storage and/or transfer of distributed ledger token through a possession token storing a private key controlling the ledger token
Dhryl Anton, Paradise Valley, AZ (US); and Michael McFall, Paradise Valley, AZ (US)
Assigned to THE ONLI CORPORATION
Filed by THE ONLI CORPORATION, Miami, FL (US)
Filed on Jun. 18, 2024, as Appl. No. 18/747,420.
Application 18/747,420 is a continuation of application No. 17/993,973, filed on Nov. 24, 2022, granted, now 12,020,238.
Application 17/993,973 is a continuation of application No. 16/789,441, filed on Feb. 13, 2020, granted, now 11,544,701, issued on Jan. 3, 2023.
Application 16/789,441 is a continuation of application No. 16/361,256, filed on Mar. 22, 2019, granted, now 10,600,050, issued on Mar. 24, 2020.
Prior Publication US 2024/0338682 A1, Oct. 10, 2024
Int. Cl. G06Q 20/36 (2012.01); G06Q 20/02 (2012.01); G06Q 20/06 (2012.01); G06Q 20/38 (2012.01); H04L 9/00 (2022.01); H04L 9/06 (2006.01); H04L 9/08 (2006.01); H04L 9/32 (2006.01)
CPC G06Q 20/3672 (2013.01) [H04L 9/0637 (2013.01); H04L 9/0643 (2013.01); H04L 9/0825 (2013.01); H04L 9/085 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for rapid and secure ledger-less transfer of a ledger token, the method comprising:
generating a first public-private key pair comprising a public key usable as a public address of the ledger token of a distributed ledger network and a private key usable to transfer the ledger token of the distributed ledger network from the public address to a different public address;
verifying that a ledger transaction occurred on the distributed ledger network at least one of (i) associated an asset with the public address, and (ii) transferred the asset to the public address;
generating a possession token storable in physical memory and having a state of the possession token indicated by a state indicator,
wherein the state of the possession token evolves upon transfer between two computing devices over a network;
cryptographically associating the ledger token and the possession token through incorporation of the public address into data generating the state indicator of the state of the possession token;
encrypting the private key to form an encrypted private key; and
storing the encrypted private key in the possession token.