Abstract: Described herein are various embodiments of methods and systems for distributing temporary control of an asset. For example, a method can include receiving an indication of an execution of a transfer of temporary control between a granting entity and a receiving entity of a unit of an asset comprising a plurality of units. Transaction data comprising a duration of the temporary control of the unit can be received and recorded in a distributed ledger of a blockchain network. Logic and rules corresponding to conditions of transfer of the temporary control of the unit of the asset can be identified. The method can include receiving a granting entity authentication key and determining that whether the transaction data meet the logic and the rules of the conditions of transfer.
Type:
Grant
Filed:
December 26, 2019
Date of Patent:
August 20, 2024
Assignee:
Love The Block, Inc.
Inventors:
Glenn R. Hanson, David Kaufman, John Falcone