Blockchain Token Splitting Equitable Rights Transfer
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Solution Overview
Problem
Traditional blockchain systems are limited in their ability to split and merge tokens based on equitable rights, allowing only quantity-based transactions, which restricts the transfer of partial ownership or rights, such as membership rights in a movie theater or land rights, and cannot effectively represent complex rights like those associated with unique items like artworks.
Innovation Solution
A blockchain method that allows tokens to contain a value and a right set, enabling the splitting and merging of rights, where values can be numbers, geometric objects, or monodromies, and rights can be divided or merged into complementary subsets, enabling more complex transaction verification and integrity checks.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional numerical tokens are used in blockchain, then the system maintains simplicity in token structure, but the system cannot split and merge tokens by equitable rights, only by quantity
Solution Approach 1:
The patent segments a token's rights into multiple independent equitable rights (e.g., ownership right, usage right, disposal right). Each right can be independently transferred, split, or merged. This segmentation enables partial rights transfer while maintaining a structured organizational framework for managing complex rights relationships.
Solution Approach 2:
The patent creates a composite token structure that combines traditional numerical value with a set of equitable rights. This composite structure integrates the simplicity of numerical tokens with the complexity of rights management, allowing the system to handle both quantity-based and rights-based transactions within a unified framework.
2Adaptability or versatility
If tokens can only be transferred in entirety, then the system maintains simplicity in transaction processing, but the system cannot transfer partial ownership rights
Solution Approach 1:
By dividing a token's rights into separable equitable rights, the patent enables selective transfer of specific rights without transferring the entire token. Users can transfer only certain rights (e.g., usage right) while retaining others (e.g., ownership right), achieving partial rights transfer functionality.
Solution Approach 2:
The patent introduces dynamic right allocation where the composition of equitable rights in a token can change over time. Rights can be added, removed, split, or merged based on transaction needs, making the token structure adaptable to different operational scenarios while maintaining systematic management.
3Adaptability or versatility
If the blockchain system supports complex rights representation, then the system can better represent ownership structures of unique items, but the system increases complexity in transaction verification
Solution Approach 1:
The patent segments complex ownership rights into standardized equitable right categories (ownership, usage, disposal, etc.). This segmentation creates a systematic framework that simplifies the representation of complex ownership structures while enabling automated verification through structured right comparisons.
Solution Approach 2:
The patent changes the parameter structure of tokens from simple numerical values to composite structures including equitable rights sets. This parameter transformation enables the system to represent complex ownership attributes while maintaining verifiable structural integrity through defined right relationships and validation rules.
Data Source
AI summary
The present invention is a system and method for recording right transfer in blockchain. There are three types of tokens, each of which may include a definition of rights. The rights can also be split or merged during circulation of tokens. The blockchain system ensures totality of rights does not increase nor decrease before and after circulation.