Abstract: A decentralized property system and method allow ownership rights to be transferred directly from one party to another without requiring a central authority to operate or secure the system. Digital signatures provide a method to issue and transfer titles (“bitmarks”) within the system. Using a blockchain algorithm, distributed consensus on asset ownership can be achieved.
Type:
Grant
Filed:
February 22, 2021
Date of Patent:
November 29, 2022
Assignee:
BITMARK, INC.
Inventors:
Sean Moss-Pultz, Casey Alt, Christopher Hall, Le Quy Quoc Cuong, Yu-Chiang Frank Wang, Tzu-Yun Eddie Lin