VERONA HOLDINGS SEZC (20240346014). SYSTEMS AND METHODS FOR CRAWLING AND ANALYZING DISTRIBUTED LEDGER DATA simplified abstract

SYSTEMS AND METHODS FOR CRAWLING AND ANALYZING DISTRIBUTED LEDGER DATA

Organization Name

VERONA HOLDINGS SEZC

Inventor(s)

William Edward Quigley of Pacific Palisades CA (US)

Lukasz Jakub Sliwka of Las Vegas NV (US)

Jonathan Yantis of Grants Pass OR (US)

Jason Seldon of Los Angeles CA (US)

Charles Howard Cella of Pembroke MA (US)

Teymour El-tahry of Detroit MI (US)

Brent Bliven of Austin TX (US)

SYSTEMS AND METHODS FOR CRAWLING AND ANALYZING DISTRIBUTED LEDGER DATA - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240346014 titled 'SYSTEMS AND METHODS FOR CRAWLING AND ANALYZING DISTRIBUTED LEDGER DATA

The present disclosure involves systems and methods that utilize smart contracts and distributed ledgers, such as blockchains, to create a trustless or substantially trustless ecosystem. This ecosystem includes functions like distributed ledger crawler functions, advertising functions, risk mitigation for secondary sales of distributed ledger tokens, and various methods of acquiring and using distributed ledger tokens.

• Leveraging smart contracts and distributed ledgers for a trustless ecosystem
• Inclusion of distributed ledger crawler functions and advertising functions
• Risk mitigation for secondary sales of distributed ledger tokens
• Various methods of acquiring and using distributed ledger tokens
• Utilization of blockchains for enhanced security and transparency

Potential Applications: The technology can be applied in various industries such as finance, supply chain management, healthcare, and more where secure and transparent transactions are crucial.

Problems Solved: The technology addresses the issues of trust and security in transactions, especially in secondary sales of distributed ledger tokens.

Benefits: Enhanced security, transparency, and trust in transactions, reduced risk in secondary sales, and improved efficiency in acquiring and using distributed ledger tokens.

Commercial Applications: The technology can be utilized by financial institutions, e-commerce platforms, supply chain companies, and other businesses looking to streamline their transactions and enhance security.

Questions about the technology: 1. How does the use of smart contracts and distributed ledgers improve trust in transactions? 2. What are the potential risks associated with secondary sales of distributed ledger tokens and how does this technology mitigate them?

Original Abstract Submitted

the present disclosure relates to systems and methods that leverage smart contracts and distributed ledgers, such as blockchains, to provide a trustless or substantially trustless ecosystem that includes distributed ledger crawler functions, advertising functions, risk mitigation for secondary sales of distributed ledger tokens, and various methods of acquiring and using distributed ledger tokens, among other uses.