18043930. Identifying Non-Fungible Tokens and Related Content for Indexing simplified abstract (Google LLC)

Identifying Non-Fungible Tokens and Related Content for Indexing

Organization Name

Google LLC

Inventor(s)

Daniel Patt of Saratoga CA (US)

Ibrahim Badr of New York NY (US)

Identifying Non-Fungible Tokens and Related Content for Indexing - A simplified explanation of the abstract

This abstract first appeared for US patent application 18043930 titled 'Identifying Non-Fungible Tokens and Related Content for Indexing

The abstract describes systems and methods for identifying token data by processing blockchain data to determine candidate token data associated with non-fungible tokens. The output action of a blockchain trigger event is analyzed to determine if it acts similarly to a non-fungible token based on certain standards. The identified token data is indexed and can be surfaced in response to search queries.

• Processing blockchain data to identify candidate token data
• Analyzing output actions of blockchain trigger events to determine similarity to non-fungible tokens
• Indexing identified token data for search query responses
• Surfacing index data in search results pages
• Association with non-fungible tokens based on standards

Potential Applications: - Token authentication and verification systems - Blockchain-based asset management platforms - Digital asset tracking and monitoring solutions

Problems Solved: - Efficient identification of token data associated with non-fungible tokens - Streamlining search queries for specific token information

Benefits: - Enhanced security and authenticity verification for token data - Improved search functionality for blockchain-based assets

Commercial Applications: Title: Blockchain Token Data Identification System This technology could be utilized in various industries such as finance, digital art, gaming, and supply chain management to authenticate and track token data efficiently. Market implications include increased trust in token transactions and improved asset management processes.

Questions about Blockchain Token Data Identification System: 1. How does this technology improve the security of token data? 2. What are the key differences between fungible and non-fungible tokens in this context?

Original Abstract Submitted

Systems and methods for identifying token data can include processing blockchain data to determine candidate token data, which can be processed to determine whether the candidate token data is associated with a blockchain trigger event that is associated with a non-fungible token. The systems and methods can process the output action of a blockchain trigger event to determine whether the output action acts similar to the output action of a non-fungible token. The determination may be based on the candidate token data being associated with one or more standards. The identified token data can be indexed and can then be surfaced in response to a search query. The surfaced index data can be provided for display in a search results page.