Nonfungible Token Management via Master Sub-Token Segmentation
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Solution Overview
Problem
Reliable proof of ownership for disparate nonfungible tokens remains elusive, as existing systems struggle to effectively manage and verify ownership across different tokens.
Innovation Solution
A system and method for managing nonfungible tokens involving a computing device that associates tokens with quantitative fields and verification data, identifies processes in a log, calculates proportions, and generates processes linking these proportions to verification data, utilizing cryptographic systems and immutable sequential listings to ensure secure and transparent ownership proof.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If existing systems are used to manage nonfungible tokens, then token management is attempted, but reliable proof of ownership across disparate tokens cannot be achieved
Solution Approach 1:
The patent merges multiple disparate nonfungible tokens into a unified framework by introducing a master token that encapsulates multiple sub-tokens. Each sub-token represents a portion of the master token's value or utility, allowing reliable proof of ownership across all sub-tokens through the master token's verification mechanism. This combining approach enables a single verification process to cover multiple tokens, resolving the reliability issue without requiring separate verification systems for each token.
Solution Approach 2:
The master token serves multiple functions simultaneously: it acts as a verification credential for sub-tokens, represents aggregated value from multiple source tokens, and provides a universal proof mechanism that works across different token types. This multi-functionality allows the system to achieve reliable ownership proof for disparate tokens through a single versatile token structure, reducing the need for token-specific verification mechanisms.
2Measurement precision
If tokens are associated with quantitative fields and verification data, then ownership verification is improved, but the complexity of managing token relationships increases
Solution Approach 1:
The patent segments the token management system into distinct components: master tokens that hold verification data and sub-tokens that inherit verification rights. Each sub-token is associated with a quantitative field indicating its relationship to the master token, while the master token maintains the master verification datum. This segmentation allows precise ownership verification through the hierarchical structure without requiring complex direct relationships between all tokens, as each sub-token's verification status is determined by its relationship to the master token rather than independent verification of all token connections.
Data Source
AI summary
A system for managing nonfungible tokens, comprising a computing device configured to receive an indication of a first process associating a first token with a first quantitative field, the first token linked to a first verification datum, identify at least a second process in a log, the at least a second process being associated with at least a second token, the at least a second token linked to a second verification datum, identify a first proportion of the quantitative field, the first proportion linked to the first verification datum, calculate at least a second proportion of the quantitative field, and generate at least a third process linking the at least a second proportion to the second verification datum.