20240037503. SYSTEM OR METHOD OF VERIFYING AN ASSET USING BLOCKCHAIN AND COLLECTED ASSET AND DEVICE INFORMATION simplified abstract (Salesforce, Inc.)

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SYSTEM OR METHOD OF VERIFYING AN ASSET USING BLOCKCHAIN AND COLLECTED ASSET AND DEVICE INFORMATION

Organization Name

Salesforce, Inc.

Inventor(s)

Prithvi Krishnan Padmanabhan of San Ramon CA (US)

SYSTEM OR METHOD OF VERIFYING AN ASSET USING BLOCKCHAIN AND COLLECTED ASSET AND DEVICE INFORMATION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240037503 titled 'SYSTEM OR METHOD OF VERIFYING AN ASSET USING BLOCKCHAIN AND COLLECTED ASSET AND DEVICE INFORMATION

Simplified Explanation

The patent application describes a method of asset verification using a computing device and a blockchain system. Here is a simplified explanation of the abstract:

  • The method involves verifying assets by utilizing unique identifying information.
  • Asset information is collected from both the user and the computing device.
  • A unique identifier is generated from the asset information.
  • The unique identifier and asset information are added to a blockchain.
  • The asset information is stored in a distributed storage system.

Potential Applications:

  • Asset verification in financial transactions.
  • Authentication of ownership in real estate or intellectual property.
  • Verification of authenticity in luxury goods or collectibles.

Problems Solved:

  • Preventing fraud and counterfeit by verifying the authenticity of assets.
  • Ensuring accurate ownership records and preventing disputes.
  • Streamlining asset verification processes by utilizing blockchain technology.

Benefits:

  • Increased trust and transparency in asset transactions.
  • Improved security and reduced risk of fraud.
  • Efficient and reliable asset verification process.
  • Simplified record-keeping and ownership tracking.


Original Abstract Submitted

a method of asset verification implemented by a computing device as part of an asset verification system. the asset verification utilizes unique identifying information of the asset. the method collects asset information from a user, collects asset information from the computing device, generates a unique identifier from the asset information, adds the unique identifier and the asset information to a blockchain, and stores the asset information in a distributed storage system.

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