17747141. LEASING DIGITAL ASSETS simplified abstract (INTERNATIONAL BUSINESS MACHINES CORPORATION)

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LEASING DIGITAL ASSETS

Organization Name

INTERNATIONAL BUSINESS MACHINES CORPORATION

Inventor(s)

Aaron K. Baughman of Cary NC (US)

Shikhar Kwatra of San Jose CA (US)

Kavitha Hassan Yogaraj of Bangalore (IN)

Vinod A. Valecha of Pune (IN)

Tiberiu Suto of Franklin NY (US)

LEASING DIGITAL ASSETS - A simplified explanation of the abstract

This abstract first appeared for US patent application 17747141 titled 'LEASING DIGITAL ASSETS

Simplified Explanation

The abstract describes a patent application that involves determining a price for using a digital asset from a repository and leasing it out for a specific time slot. The leased digital asset is integrated with the characteristics of a virtualized user and presented in a virtual environment during the time slot.

  • The patent application focuses on determining the price for using a digital asset from a set of digital assets stored in a repository.
  • It involves leasing out the digital asset for a specific time slot, allowing users to use it during that time in exchange for payment of the determined price.
  • The leased digital asset is integrated with the base characteristics of a virtualized user, enhancing the user's experience in a virtual environment.
  • The integrated leased digital asset is presented in a virtual environment during the specified time slot, providing users with access to the digital asset within the virtual environment.

Potential Applications

  • This technology could be applied in the gaming industry, allowing users to lease and use digital assets within virtual games or simulations.
  • It could also be utilized in virtual reality experiences, where users can lease and integrate digital assets into their virtual environments.
  • The technology may find applications in digital art or design, enabling users to lease and incorporate digital assets into their creative projects.

Problems Solved

  • The technology solves the problem of determining a fair price for using digital assets from a repository, ensuring that both the asset owner and the user are satisfied with the transaction.
  • It addresses the challenge of integrating leased digital assets with the characteristics of a virtualized user, providing a seamless and immersive experience in virtual environments.
  • The technology solves the issue of managing and presenting leased digital assets within a specified time slot, allowing users to access and utilize them during the designated period.

Benefits

  • Users can access and use a variety of digital assets without the need for long-term ownership, reducing costs and providing flexibility.
  • The integration of leased digital assets with the characteristics of a virtualized user enhances the user's experience and immersion in virtual environments.
  • The technology enables asset owners to monetize their digital assets by leasing them out, creating new revenue streams.


Original Abstract Submitted

A price for use of a digital asset in a set of digital assets is determined. The set of digital assets stored in a digital asset repository. A time slot during which the digital asset is available for use is determined. The digital asset is leased out at the price and during the time slot, the leasing allowing use of the digital asset during the time slot in return for payment of the price. the leased digital asset is integrated with a set of base characteristics of a virtualized user. The integrated leased digital asset is presented in a virtual environment during the time slot.

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