US 12,079,824 B1
Digital asset management
Bernardo Moreno, Westlake, OH (US); Shane M. Bigelow, Gates Mills, OH (US); Bo J. Shim, Avon, OH (US); Scott W. Barrett, Valley View, OH (US); Ian P. Lewis, Aurora, OH (US); Daniel F. Crough, Jr., Mentor, OH (US); and Dante Giancola, Brecksville, OH (US)
Assigned to Champ Titles, Inc., Cleveland, OH (US)
Filed by Champ Titles, Inc., Cleveland, OH (US)
Filed on Jan. 29, 2024, as Appl. No. 18/425,555.
Application 18/425,555 is a continuation of application No. 17/542,204, filed on Dec. 3, 2021, granted, now 11,909,881.
Application 17/542,204 is a continuation of application No. 16/689,741, filed on Nov. 20, 2019, granted, now 11,223,474, issued on Jan. 11, 2022.
Claims priority of provisional application 62/769,971, filed on Nov. 20, 2018.
This patent is subject to a terminal disclaimer.
Int. Cl. G06F 21/00 (2013.01); G06Q 30/018 (2023.01); H04L 9/00 (2022.01)
CPC G06Q 30/0185 (2013.01) [H04L 9/50 (2022.05); G06Q 2220/00 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for issuing a title for a vehicle that guards against title washing, the method comprising:
receiving a request to perform a transaction from a user, wherein the transaction creates a global asset registry ledger (GRL) entry for the title of the vehicle;
instantiating a plurality of smart contracts that commit the transaction;
deploying the plurality of smart contracts by digitally signing the plurality of smart contracts with a cryptographic private key not assigned to the user in response to establishing a proof of claim to the vehicle;
invoking a service discovery that identifies availability of an on-line certified attesting peer nodes to attest to the transaction in accordance with proof of attestation policies associated with the vehicle;
executing the plurality of smart contracts on a title issuance authority blockchain network hosted by an issuance authority in response to the invoking of the service discovery, wherein the executing commits the transaction; and
issuing the title to the vehicle in response to the transaction being committed.