New pending patent applications are published by the USPTO on Thursdays. Today's Spotlight Applications continue our theme of blockchains (smart contracts, distributed ledgers) and rights management broadly construed. Assigned to Elixsys, the first application discloses techniques for using smart contracts to control the trade, supply, manufacture, and distribution of commodities. Assigned to Mastercard, the second application discloses techniques for management of digital media rights via blockchain.
20210019792, "Systems and methods for using smart contracts to control the trade, supply, manufacture, and distribution of commodities," assigned to Elixsys Inc.
Abstract
The present principles are directed to systems and methods for providing a trading system cooperatively integrated with manufacturing control and distribution systems, and, more specifically, to provide a trading, clearance, settlement, and depository for securities, commodities, and their derivatives (collectively "securities") that utilize asset-backed, virtualized data tokens and blockchain technology to facilitate price discovery and automated transactions at all stages of the asset development, manufacturing, and distribution of commodities.
20210019717, "Method and system for management of digital media rights via blockchain," assigned to Mastercard.
Abstract
A method for storing platform-agnostic digital media rights on a blockchain includes: receiving a transaction message related to a payment transaction, wherein the transaction message is formatted according to one or more standards and includes at least a plurality of data elements, the plurality of data elements including a first data element storing a primary account number and a second data element storing a product identifier; identifying a digital content identifier mapped to the product identifier; identifying a digital token mapped to the primary account number; generating a new blockchain data entry, wherein the blockchain data entry includes at least the digital token and the digital content identifier; and transmitting the new blockchain data entry to at least one node of a plurality of nodes comprising a blockchain network.
