Patents Assigned to Masterworks.io, LLC
  • Publication number: 20190340607
    Abstract: Embodiments of the present invention provide a system for central authority-permissioned transfer of blockchain tokens. In particular, the a request is received to transfer a set of blockchain tokens that represent an ownership share in a physical asset from a first user to a second user. Information about the first user and second user is compared to a central authority repository that comprises a listing of vetted users permitted to perform transactions with blockchain tokens associated with the physical asset to determine that the first and second users are verified. In response to determining that the first and second users are verified a transaction function is built for the transfer of the set of blockchain tokens from a digital wallet of the first user to a digital wallet of the second user. Finally, the transaction function is published to a blockchain network associated with the set of blockchain tokens.
    Type: Application
    Filed: April 30, 2019
    Publication date: November 7, 2019
    Applicant: Masterworks.io, LLC
    Inventors: Scott William Lynn, Alberto Simon