Blockchains (smart contracts, NFTs, distributed ledgers) and rights management broadly construed are the themes of today's Spotlight Applications. Apparently assigned to the inventor Mark Coast, the first application discloses techniques for performing agricultural transactions related to hemp. Assigned to ANT (KY), the second application discloses techniques for blockchain-based [legal] judgment execution.
20210264550, "Methods and apparatus for performing agricultural transactions," assigned to Mark Coast.
Systems, apparatus, and methods for transacting, recording, validating and/or verifying agricultural products. The 2018 Farm Act rescinded industrial hemp from Schedule I of the Controlled Substances Act (CSA). Although industrial hemp has a variety of uses ranging from concrete, insulation, paper products, and rope; the Government's biggest concern is the ingestion of tetrahydrocannabinol (THC) and cannabidiol (CBD). Commercial regulation typically balances a variety of factors: e.g., consumer protection, regulatory overhead, market competition, tax revenue, public policy, etc. In contrast, law enforcement has a singular purpose, and may go to extraordinary lengths to stop criminal activity. Various embodiments described herein provide a blockchain ledger-based supply chain that allows many commercial and regulatory entities to independently cooperate. Every transaction is permanently and transparently recorded within a chain-of-custody; the chain-of-custody enables a traceability. A variety of new applications are enabled by the blockchain ledger-based supply chain.
20210264547, "Blockchain-based judgment execution," assigned to Advanced New Technologies Co., Ltd. (KY).
Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media. One method includes: receiving a request associated with an account of a blockchain-based application for collecting a monetary award issued in an order of a court; determining a creditor, a debtor, and an amount of the monetary award; determining that the account is associated with the creditor based on data recorded on the blockchain; identifying, based on the data, a payment account of the creditor and one or more payment accounts of the debtor with an aggregated balance greater than or equal to the amount of the monetary award; transferring the amount of the monetary award from the one or more payment accounts of the debtor to the payment account of the creditor; and recording a verified time stamp representing a time the amount of the monetary award is transferred.