PROCESSING A CONTINGENT ACTION TOKEN SECURELY

Organization Name

Inventor(s)

Gary W. Grube of Barrington Hills IL (US)

PROCESSING A CONTINGENT ACTION TOKEN SECURELY - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240221085 titled 'PROCESSING A CONTINGENT ACTION TOKEN SECURELY

The abstract of the patent application describes a method executed by a computing device that involves determining baseline content associated with a longevity-contingent instrument for a contingency-action token (CAT) for an object distributed ledger. The method further includes establishing CAT content to include the baseline content and additional CAT content to produce the CAT. Using a securely passing process, a new block affiliated with the CAT is generated via a blockchain of the object distributed ledger, where the new block includes the CAT content.

Method involves determining baseline content for a longevity-contingent instrument for a CAT on an object distributed ledger.
Establishing CAT content with baseline content and additional content to create the CAT.
Using a secure process to generate a new block on the blockchain of the object distributed ledger with the CAT content.

Potential Applications: - Securely passing process for generating new blocks on a blockchain. - Managing longevity-contingent instruments on object distributed ledgers.

Problems Solved: - Ensuring the authenticity and security of CAT content on object distributed ledgers.

Benefits: - Enhanced security and authenticity of CAT content. - Efficient generation of new blocks on the blockchain.

Commercial Applications: "Secure Blockchain Process for CAT Content Generation"

Frequently Updated Research: Stay updated on advancements in blockchain technology and secure content generation processes.

Questions about Secure Blockchain Process for CAT Content Generation: 1. How does the method ensure the security of CAT content on the object distributed ledger? 2. What are the potential applications of this technology beyond managing longevity-contingent instruments?

Original Abstract Submitted

a method executed by a computing device includes determining baseline content associated with a longevity-contingent instrument for a contingency-action token (cat) for an object distributed ledger. the method further includes establishing cat content to include the baseline content and further cat content to produce the cat. the method further includes using a securely passing process to generate a new block affiliated with the cat via a blockchain of the object distributed ledger, where the new block includes the cat content.