New pending patent applications are published by the USPTO on Thursdays. Both of today's Spotlight Applications continue the theme of blockchain (distributed ledger, smart contracts) and digital rights management broadly construed. Assigned to Securrency, the first application discloses techniques for compliance aware tokenization and control of asset value. Assigned to Mayne et al., the second application discloses techniques for matching renewable energy production to end-user consumption via blockchain systems.
20190164151, "Method, apparatus, and computer-readable medium for compliance aware tokenization and control of asset value," assigned to Securrency.
An apparatus, computer-readable medium, and computer-implemented method to facilitate scalable compliance and issuer governance of decentralized financial transactions especially for the trade and transfer of tokenized securities. The resulting Compliance Aware Tokens contain the rulesets to restrict transactions and facilitate regulatory reporting and oversight. The embodied process, includes of a novel combination of compliance workflows, attribute verification tools, smart contracts and other ledger controls, provides a decentralized Attribute Based Access Control (ABAC) capability. ABAC patterns are extended to govern global financial transactions without the need for an active intermediary.
20190164236, "Method of matching renewable energy production to end-user consumption via blockchain systems," assigned to Mayne et al.
This invention enables a transparent matching of the electricity produced from renewable sources with the electricity consumed by end-users that have a preference for clean energy. This goal is achieved through a system of tagging energy using blockchain tokens. The proposed system is transparent, incorruptible and efficient in managing energy blockchain tokens and creates a valuable information resource which can be leveraged to promote and support consumption and production of renewable energy.