US 12,112,327 B2
Controlling a secure token for a contingent asset
Peter M. Shannon, III, Western Springs, IL (US); and Gary W. Grube, Barrington Hills, IL (US)
Assigned to Rebate Assets, LLC, Rockford, IL (US)
Filed by Rebate Assets, LLC, Rockford, IL (US)
Filed on Sep. 14, 2022, as Appl. No. 17/944,417.
Application 17/944,417 is a continuation in part of application No. 17/842,146, filed on Jun. 16, 2022.
Claims priority of provisional application 63/215,850, filed on Jun. 28, 2021.
Prior Publication US 2023/0020983 A1, Jan. 19, 2023
Int. Cl. G06Q 20/40 (2012.01); H04L 9/40 (2022.01)
CPC G06Q 20/401 (2013.01) [G06Q 2220/00 (2013.01)] 4 Claims
OG exemplary drawing
 
1. A computer-implemented method of using a computing infrastructure for utilizing an object distributed ledger, the method comprising:
issuing, by a requesting computing entity of the computing infrastructure to a marketplace computing entity of the computing infrastructure, a digital record representing a request to securely establish an instant asset solution for a secure first token representing a first pending transaction associated with a transaction item, wherein the secure first token includes a set of smart contracts of the first pending transaction, wherein the set of smart contracts pertains to a selected contingent asset of a set of candidate contingent assets for the first pending transaction, wherein the first pending transaction includes identity of the transaction item, identity of the requesting computing entity, identity of the marketplace computing entity, and an authenticated value of the transaction item, wherein the instant asset solution includes updating the secure first token to represent a selected instant asset to subsequently provide conversion of the selected contingent asset to complete the first pending transaction, wherein the set of smart contracts for the selected contingent asset includes an asset identifier, a lifecycle status indictor, a potential payer liability level, a payer identifier, a seller identifier, and an owner identifier, wherein the set of smart contracts further includes a representation that, for a particular asset identifier, the payer identifier is obligated for the potential payer liability level to at least one of the seller identifier and the owner identifier when the lifecycle status indictor transitions from a pending status level to an approved status level in response to a contingency aspect of the contingent asset being satisfied;
identifying, by the marketplace computing entity, an asset authenticity computing entity of the computing infrastructure based on at least one of the asset identifier, payer identifier, and the seller identifier of the selected contingent asset of the set of candidate contingent assets;
generating, by the asset authenticity computing entity, authenticity information for the selected contingent asset utilizing the at least one of the asset identifier, the payer identifier, and the seller identifier of the selected contingent asset from the marketplace computing entity;
determining, by the marketplace computing entity, that the authenticity information confirms the pending status level of the lifecycle status indictor of the selected contingent asset;
obtaining, by the marketplace computing entity in accordance with an instant asset selection approach, a selection of a first instant asset of a set of candidate instant assets as the selected instant asset that may be utilized to subsequently provide the conversion of the selected contingent asset to complete the first pending transaction, wherein at least one candidate instant asset of the set of candidate instant assets pertains to satisfying a portion of another liability in accordance with a digital record representing a delinquently paying consumer to the payer identifier of the selected contingent asset;
generating, by the marketplace computing entity, an updated set of smart contracts for an updated secure first token to represent the selection of the first instant asset to subsequently provide the conversion of the selected contingent asset to complete the first pending transaction;
obtaining, by the marketplace computing entity, a portion of a copy of the object distributed ledger;
hashing, by the marketplace computing entity, the updated set of smart contracts utilizing a receiving public key of the object distributed ledger to produce a next transaction hash value;
encrypting, by the marketplace computing entity, the next transaction hash value utilizing a private key of the marketplace computing entity to produce a next transaction signature;
generating, by the marketplace computing entity, a next block of a blockchain of the object distributed ledger to include the updated set of smart contracts and the next transaction signature; and
causing, by the marketplace computing entity, inclusion of the next block in the object distributed ledger as the updated secure first token for the instant asset solution.