US 11,741,539 B2
Blockchain-based shared appreciation note
David Jette, Los Angeles, CA (US); and Brett Markinson, Sherman Oaks, CA (US)
Assigned to Homium, LLC, Sherman Oaks, CA (US)
Filed by Homium, LLC, Sherman Oaks, CA (US)
Filed on Mar. 28, 2022, as Appl. No. 17/706,280.
Application 17/706,280 is a division of application No. 16/372,547, filed on Apr. 2, 2019, granted, now 11,288,736.
Prior Publication US 2022/0215469 A1, Jul. 7, 2022
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/03 (2023.01); H04L 9/32 (2006.01); G06F 9/455 (2018.01); H04L 9/00 (2022.01); H04L 9/40 (2022.01); H04L 9/06 (2006.01)
CPC G06Q 40/03 (2023.01) [G06F 9/45558 (2013.01); H04L 9/50 (2022.05); H04L 63/123 (2013.01); G06F 2009/45595 (2013.01); H04L 9/0637 (2013.01); H04L 9/3213 (2013.01); H04L 2209/56 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A computerized system for processing tokenized loans and securely generating and distributing cryptographically secure, digital tokens for digitally representing ownership of an interest in a tokenized loan, the system comprising at least one node of a blockchain network, wherein the blockchain network comprises a distributed computer system, the at least one node comprising a processor and a memory storing instructions executable by the processor which when executed cause the processor to operate a virtual machine, wherein the virtual machine is configured to:
receive, from a third party validator smart contract, an authenticated digital confirmation, wherein the authenticated digital confirmation received from the third party validator smart contract is based on a validation of an asset value, wherein the asset value validation is based on information pertaining to a value of an asset, received from one or more sources not originating on the blockchain network and the loan origination transaction information;
receive, from an administrator of the system, an authenticated digital confirmation;
generate a token transaction smart contract responsive to receiving the authenticated digital confirmation from the administrator of the system, wherein the generated token transaction smart contract comprises a unique transaction identification and an identification of one or more parties to the token transaction smart contract, including at least a purchaser, the administrator, and the third party validator;
store permissions for the administrator of the system and for the third party validator smart contract, in the token transaction smart contract, wherein permissions for the administrator are exclusive permissions for the administrator to transmit confirmations to be received by the system, and permissions for the third party validator smart contract are exclusive permissions for the third party validator smart contract to provide an asset value validation to be received by the system;
determine distribution information associated with distribution of tokens to the one or more parties to the token transaction smart contract;
generate one or more cryptographically secure digital tokens based on the distribution information; and
deliver one or more of the cryptographically secure, digital tokens to a digital address of the one or more parties based on at least the distribution information associated with the distribution of tokens.