Abstract: A processor-implemented method for the ownership transfer and tracking of tangible assets using a blockchain is described. In an embodiment, the method includes generating a root node associated with a tangible asset via a processor. The root node has a first hash value that represents a storage location of the root node, data associated with a tangible asset, and a second hash value that represents a storage location of the subsidiary node. The method also includes storing a hierarchical hash-linked tree structure in a non-transitory, processor-readable memory. The hierarchical hash-linked tree structure can include multiple nodes. The multiple nodes include the root node and the subsidiary node. The subsidiary node has the second hash value, and data associated with a tangible sub-asset of the tangible asset.
Type:
Application
Filed:
March 29, 2021
Publication date:
October 21, 2021
Applicants:
Ernst & Young U.S. LLP, Ernst & Young Services (UK) Limited
Inventors:
Paul Richard BRODY, Duncan James WESTLAND, Chaitanya Reddy KONDA
Abstract: A processor-implemented method for the ownership transfer and tracking of tangible assets using a blockchain is described. In an embodiment, the method includes generating a root node associated with a tangible asset via a processor. The root node has a first hash value that represents a storage location of the root node, data associated with a tangible asset, and a second hash value that represents a storage location of the subsidiary node. The method also includes storing a hierarchical hash-linked tree structure in a non-transitory, processor-readable memory. The hierarchical hash-linked tree structure can include multiple nodes. The multiple nodes include the root node and the subsidiary node. The subsidiary node has the second hash value, and data associated with a tangible sub-asset of the tangible asset.
Type:
Application
Filed:
July 24, 2018
Publication date:
January 30, 2020
Applicants:
Ernst & Young U.S.LLP, Ernst & Young Services (UK) Limited
Inventors:
Paul Richard BRODY, Duncan James WESTLAND, Chaitanya KONDA