Method and system for recording forward royalties using a distributed ledger

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United States of America Patent

PATENT NO 11514410
SERIAL NO

17746606

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Abstract

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To manage property records using a multi-layered hybrid distributed ledger architecture, identification information for a particular property is obtained and transmitted to at least one participant in a public distributed ledger network for a public distributed ledger layer. Ownership information for the same particular property is obtained and transmitted to at least one participant in a federated distributed ledger network for a federated distributed ledger layer. Transaction-related documents for the same particular property are obtained and transmitted to at least one participant in a private distributed ledger network for a private distributed ledger. The distributed ledger layers are different layers of a property distributed ledger each having a separate set of consensus rules for appending distributed ledger data to the respective layer. This allows for the immutable preservation of royalty terms and conditions for a property or asset using the distributed ledger.

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Patent Owner(s)

Patent OwnerAddress
COPYFORWARD INC150 INVERNESS DRIVE WINSTON-SALEM NC 27107

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Livesay, Jeff Winston-Salem, US 20 110

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