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

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


==Organization Name==

[[:Category:Salesforce, Inc.|Salesforce, Inc.]]


[[Category:Salesforce, Inc.]]

==Inventor(s)==

[[:Category:Prithvi Krishnan Padmanabhan of San Ramon CA (US)|Prithvi Krishnan Padmanabhan of San Ramon CA (US)]][[Category: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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