Abstract: A system and process for management of liabilities is disclosed. The embodiments mitigate variance in the assessment of liability values. In an exemplary embodiment, a liability may be created under rules stored in the form of an digital token. The rules may form a smart contract wherein the terms within the contract change automatically based on criteria being met. The token associated with the smart contract may have tangible value that can appreciate/depreciate and may thus be a tradeable asset or commodity. The inventory of liabilities associated with an issuer may thus be tracked and value precisely assessed.
Type:
Grant
Filed:
October 3, 2016
Date of Patent:
February 27, 2024
Assignee:
Loyyal Holdings Incorporated
Inventors:
Shannon Code, Sean Dennis, Gregory Simon