17858560. ESTABLISHING A CHAIN OF OWNERSHIP OF A DEVICE simplified abstract (Micron Technology, Inc.)

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ESTABLISHING A CHAIN OF OWNERSHIP OF A DEVICE

Organization Name

Micron Technology, Inc.

Inventor(s)

Sourin Sarkar of Bangalore (IN)

ESTABLISHING A CHAIN OF OWNERSHIP OF A DEVICE - A simplified explanation of the abstract

This abstract first appeared for US patent application 17858560 titled 'ESTABLISHING A CHAIN OF OWNERSHIP OF A DEVICE

Simplified Explanation

The abstract describes a method for establishing a chain of ownership for a device using blockchain technology. Here are the key points:

  • The device determines ownership metadata based on ownership data associated with the device.
  • The ownership metadata is split into two portions: one stored in the device's memory and the other transmitted to a server for storage in a blockchain ledger.
  • By combining the ownership metadata stored in the device and the blockchain ledger, a chain of ownership for the device is established.

Potential Applications

  • This technology can be applied to various industries where establishing a secure and verifiable chain of ownership is important, such as supply chain management, asset tracking, and intellectual property protection.

Problems Solved

  • Establishing a reliable and tamper-proof chain of ownership has been a challenge in many industries. This technology solves this problem by utilizing blockchain technology to securely store ownership metadata.

Benefits

  • The use of blockchain technology ensures the immutability and transparency of ownership records, reducing the risk of fraud and disputes.
  • By decentralizing ownership records in a blockchain ledger, there is no single point of failure, enhancing the security and reliability of the chain of ownership.
  • This method simplifies the process of establishing and verifying ownership, saving time and resources for businesses and individuals.


Original Abstract Submitted

Implementations described herein relate to establishing a chain of ownership of a device. In some implementations, the device may determine first ownership metadata based on first ownership data associated with the device. The device may split the first ownership metadata into a first portion of first ownership metadata and a second portion of first ownership metadata. The device may store, in the memory of the device, the first portion of first ownership metadata. The device may transmit, to a server, the second portion of first ownership metadata for storage in a blockchain ledger of a blockchain node. A chain of ownership associated with the device may be established based on a combination of the first portion of first ownership metadata stored in the memory of the device and the second portion of first ownership metadata stored in the blockchain ledger.

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