Oracle International Corporation (20240330899). BLOCKCHAIN TOKENS AS REAL ESTATE IN AUGMENTED REALITY ECOSYSTEMS simplified abstract
Contents
BLOCKCHAIN TOKENS AS REAL ESTATE IN AUGMENTED REALITY ECOSYSTEMS
Organization Name
Oracle International Corporation
Inventor(s)
Brian R. Ramos of Oud-Heverlee (BE)
BLOCKCHAIN TOKENS AS REAL ESTATE IN AUGMENTED REALITY ECOSYSTEMS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240330899 titled 'BLOCKCHAIN TOKENS AS REAL ESTATE IN AUGMENTED REALITY ECOSYSTEMS
Simplified Explanation: This patent application describes techniques for generating, encoding, and processing blockchain tokens as real estate in an augmented or virtual reality ecosystem. It involves encoding physical location coordinates to the unique identifier of a blockchain token, creating location-encoded blockchain tokens that represent geospatial information.
- The techniques involve encoding physical location coordinates, such as latitude and longitude, to the unique identifier of a blockchain token.
- The blockchain tokens with encoded geospatial information are referred to as location-encoded blockchain tokens.
- Token owners or renters can populate geographic spaces with curated content by encoding the physical location coordinates of a geographic location.
Key Features and Innovation:
- Encoding physical location coordinates to blockchain tokens for representing real estate in augmented or virtual reality.
- Creating location-encoded blockchain tokens with unique identifiers based on geospatial information.
- Allowing token owners or renters to populate geographic spaces with curated content using the encoded physical location coordinates.
Potential Applications: The technology can be applied in virtual or augmented reality environments for creating digital representations of real estate properties. It can also be used for location-based gaming, tourism applications, and interactive storytelling experiences.
Problems Solved: This technology addresses the need for a secure and transparent way to represent real estate properties in virtual or augmented reality environments. It also provides a method for users to interact with and customize digital spaces based on physical locations.
Benefits:
- Enhanced user engagement in virtual or augmented reality environments.
- Secure and transparent representation of real estate properties using blockchain technology.
- Customization and curation of digital spaces based on physical locations.
Commercial Applications: "Blockchain Technology for Location-Encoded Real Estate Tokens in Virtual Reality Environments"
This technology can be utilized in virtual real estate marketplaces, location-based advertising platforms, and virtual tourism applications. It has the potential to revolutionize how real estate is represented and interacted with in virtual and augmented reality settings.
Questions about Location-Encoded Blockchain Tokens 1. How does the encoding of physical location coordinates to blockchain tokens enhance user experiences in virtual reality environments? 2. What are the potential privacy implications of using location-encoded blockchain tokens in augmented reality applications?
Original Abstract Submitted
techniques are described herein for generating, encoding, and processing blockchain tokens as real estate in an augmented or virtual reality ecosystem. in some embodiments, the techniques include an encoding schema that encodes physical location coordinates to the unique identifier of a blockchain token. for example, the location coordinates may include the latitude and longitude of a physical space on earth. blockchain tokens that have unique token identifiers represented by encoded geospatial information are referred to herein as location-encoded blockchain tokens. by encoding the physical location coordinates of a geographic location, the token owner or renter may populate the geographic space with curated content.
