US 12,438,954 B2
Methods and systems for transmitting information
Michael Diesch, Niwot, CO (US); Tim Enneking, La Jolla, CA (US); and Christopher Diesch, Niwot, CO (US)
Assigned to QUARTER, Inc., Niwot, CO (US)
Filed by QUARTER, Inc., Niwot, CO (US)
Filed on Oct. 14, 2022, as Appl. No. 18/046,689.
Application 18/046,689 is a continuation of application No. 17/121,510, filed on Dec. 14, 2020, granted, now 11,582,324.
Claims priority of provisional application 62/948,136, filed on Dec. 13, 2019.
Prior Publication US 2023/0067446 A1, Mar. 2, 2023
Int. Cl. H04L 67/60 (2022.01); G06F 16/182 (2019.01); G06Q 10/20 (2023.01); G06Q 20/38 (2012.01); G06Q 30/018 (2023.01); G06Q 30/02 (2023.01); G06Q 30/0645 (2023.01); G06Q 40/03 (2023.01); G06Q 40/06 (2012.01); G06Q 40/08 (2012.01); G06Q 50/16 (2024.01); H04L 9/32 (2006.01); H04L 67/1074 (2022.01)
CPC H04L 67/60 (2022.05) [G06F 16/182 (2019.01); H04L 9/3236 (2013.01); H04L 67/108 (2013.01); G06Q 10/20 (2013.01); G06Q 20/3827 (2013.01); G06Q 20/389 (2013.01); G06Q 30/018 (2013.01); G06Q 30/0278 (2013.01); G06Q 30/0645 (2013.01); G06Q 40/03 (2023.01); G06Q 40/06 (2013.01); G06Q 40/08 (2013.01); G06Q 50/167 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for performing a real property transaction via asset tokens and a blockchain based smart contract, comprising:
issuing a plurality of tokens using blockchain, on a decentralized network, wherein the tokens are cryptographically secured using public key infrastructure, wherein a portion of the plurality of tokens are fungible and represent ownership in the real property, and wherein at least one of the plurality of tokens is non-fungible and represents a right to occupancy of the real property and a right to transact in fractional equity, represented by the portion of the plurality of tokens, of the real property;
transmitting, by a first computing device associated with a holder of one of the at least one non-fungible tokens, a first network function request related to the real property transaction to the decentralized network, the first network function request comprising a payment;
using an algorithm to determine which of the plurality of tokens are included in the real property transaction; and
creating a secure record of the real property transaction and a secure chain of title for the real property,
wherein the blockchain based smart contract, associated with the non-fungible token, enables a first investor to purchase equity from a second investor over time until a minimum equity threshold is met, wherein the minimum equity threshold is based on at least one of a homeowner's credit score and a debt to income ratio.