18616169. METADATA PROCESS, WITH STATIC AND EVOLVING ATTRIBUTES, INTRODUCED INTO TOKENIZATION STANDARDS simplified abstract (TRETE Inc.)
Contents
- 1 METADATA PROCESS, WITH STATIC AND EVOLVING ATTRIBUTES, INTRODUCED INTO TOKENIZATION STANDARDS
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 METADATA PROCESS, WITH STATIC AND EVOLVING ATTRIBUTES, INTRODUCED INTO TOKENIZATION STANDARDS - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Key Features and Innovation
- 1.6 Potential Applications
- 1.7 Problems Solved
- 1.8 Benefits
- 1.9 Commercial Applications
- 1.10 Prior Art
- 1.11 Frequently Updated Research
- 1.12 Questions about Tokenization
- 1.13 Original Abstract Submitted
METADATA PROCESS, WITH STATIC AND EVOLVING ATTRIBUTES, INTRODUCED INTO TOKENIZATION STANDARDS
Organization Name
Inventor(s)
Damien Patton of Plano TX (US)
METADATA PROCESS, WITH STATIC AND EVOLVING ATTRIBUTES, INTRODUCED INTO TOKENIZATION STANDARDS - A simplified explanation of the abstract
This abstract first appeared for US patent application 18616169 titled 'METADATA PROCESS, WITH STATIC AND EVOLVING ATTRIBUTES, INTRODUCED INTO TOKENIZATION STANDARDS
Simplified Explanation
The patent application describes a computer-implemented method that associates tokens with metadata, updates the metadata as attributes change, and publishes real-time token values with information about the changes.
- The method involves associating tokens with token identifications.
- It updates and logs changes in the metadata as attributes evolve.
- The token value is updated based on the changes.
- Real-time token values are published with selected information about the changes.
Key Features and Innovation
- Association of tokens with token identifications.
- Updating and logging changes in metadata.
- Real-time publishing of token values with information about changes.
Potential Applications
This technology could be applied in financial systems, data management, and blockchain technology.
Problems Solved
This technology addresses the need for real-time updates and tracking of changes in metadata associated with tokens.
Benefits
- Improved transparency and accuracy in tracking token values.
- Real-time information on changes in metadata.
- Enhanced security and reliability in data management systems.
Commercial Applications
- Financial institutions for real-time tracking of asset values.
- Blockchain companies for transparent and secure data management.
- Data analytics firms for accurate and up-to-date information tracking.
Prior Art
Readers can explore prior art related to tokenization, metadata management, and real-time data publishing in computer systems.
Frequently Updated Research
Stay informed about the latest developments in tokenization, metadata management, and real-time data publishing in computer systems.
Questions about Tokenization
How does this technology improve data management processes?
This technology enhances data management processes by providing real-time updates and tracking of changes in metadata associated with tokens.
What are the potential applications of this technology beyond financial systems?
This technology can also be applied in data management systems, blockchain technology, and other industries requiring real-time information tracking.
Original Abstract Submitted
In certain aspects of the disclosure, a computer-implemented method includes associating a token with a token identification and associating the token identification with corresponding metadata of the token. The method includes updating and logging changes in the metadata as attributes evolve. The method includes updating token value based on the changes and publishing a real-time token value with selected information about the changes.
