US 12,443,977 B2
Carbon credit tokenization
Alfred Blair Blaikie, III, Tinton Falls, NJ (US); Nathaniel T. Bradley, Tucson, AZ (US); and Joshua S. Paugh, Tucson, AZ (US)
Assigned to DATAVAULT AI INC., Beaverton, OR (US)
Filed by Datavault AI Inc., Beaverton, OR (US)
Filed on Jul. 26, 2022, as Appl. No. 17/874,069.
Application 17/874,069 is a continuation in part of application No. 17/704,905, filed on Mar. 25, 2022.
Application 17/704,905 is a continuation of application No. 16/870,689, filed on May 8, 2020, granted, now 11,315,150, issued on Apr. 26, 2022.
Claims priority of provisional application 63/242,123, filed on Sep. 9, 2021.
Claims priority of provisional application 62/908,252, filed on Sep. 30, 2019.
Claims priority of provisional application 62/845,057, filed on May 8, 2019.
Prior Publication US 2022/0358547 A1, Nov. 10, 2022
Int. Cl. G06Q 30/02 (2023.01); G06Q 30/0251 (2023.01)
CPC G06Q 30/0269 (2013.01) [G06Q 30/0255 (2013.01); G06Q 30/0261 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method for managing carbon credits utilizing tokens, comprising:
receiving, by a data platform, carbon credits associated with a unit of carbon emissions;
executing a smart contract on a blockchain network in communication with the data platform to manage utilization of the carbon credits;
tokenizing, by the data platform, the carbon credits to create tokens associated with each of the carbon credits, wherein the tokens are blockchain tokens;
marketing, via the block chain network, the carbon credits to authorized parties;
verifying the authenticity of the tokens associated with the carbon credits prior to authorizing any transactions for the tokens;
performing transactions for the tokens associated with the carbon credits in accordance with the smart contract utilizing the data platform; and
documenting the transactions for the tokens in a distributed ledger associated with the data platform to ensure transparency and efficient utilization of the carbon credits.