18343797. Concept for Performing Operations on an Asset simplified abstract (Intel Corporation)
Contents
- 1 Concept for Performing Operations on an Asset
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 Concept for Performing Operations on an Asset - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Original Abstract Submitted
Concept for Performing Operations on an Asset
Organization Name
Inventor(s)
Clair Michael Bowman of Boise ID (US)
Prakash Narayana Moorthy of Beaverton OR (US)
Bruno Vavala of Hillsboro OR (US)
Marcela S. Melara of Beaverton OR (US)
Concept for Performing Operations on an Asset - A simplified explanation of the abstract
This abstract first appeared for US patent application 18343797 titled 'Concept for Performing Operations on an Asset
Simplified Explanation
The abstract describes a method involving a non-fungible token (NFT) smart contract executed in a trusted environment to perform operations using an asset.
- Obtaining a request to perform an operation using the asset through the NFT smart contract.
- Providing the request for a service to access the asset if obtained from the current owner of the NFT smart contract.
- Obtaining a result from the service based on the request.
- Providing the result to the current owner of the NFT smart contract.
Potential Applications
This technology could be applied in various industries such as digital art, collectibles, gaming, and real estate for secure and transparent transactions.
Problems Solved
1. Ensuring ownership and authenticity of digital assets. 2. Facilitating secure and efficient transactions using NFTs.
Benefits
1. Increased security and trust in asset transactions. 2. Streamlined processes for asset management and transfer.
Potential Commercial Applications
Optimizing digital asset management systems for industries like art, gaming, and real estate.
Possible Prior Art
Prior art in the field of blockchain technology and smart contracts may exist, but specific examples are not provided in the abstract.
Unanswered Questions
How does this method ensure the security of asset transactions using NFTs?
The method utilizes a trusted execution environment to execute the NFT smart contract, ensuring secure operations and access to assets.
What are the potential limitations or challenges of implementing this method in real-world applications?
The abstract does not mention any potential limitations or challenges that may arise when implementing this method in practical scenarios.
Original Abstract Submitted
Various examples relate to methods, apparatuses, device, computer programs, computer systems and systems. A method comprises obtaining, by a non-fungible token (NFT) smart contract being executed in a trusted execution environment, a request to perform an operation using the asset, providing, by the NFT smart contract, the request for a service for providing access to the asset if the request is obtained from a current owner of the NFT smart contract, obtaining, by the NFT smart contract, a result provided by the service for providing access to the asset, the result being based on the request, and providing, by the NFT smart contract, the result for the current owner of the NFT smart contract.
