Chapmp Titles, Inc. (20240430093). DIGITAL ASSET MANAGEMENT

DIGITAL ASSET MANAGEMENT

Organization Name

Chapmp Titles, Inc.

Inventor(s)

Bernardo Moreno of Westlake OH (US)

Shane M. Bigelow of Gates Mills OH (US)

Bo J. Shim of Avon OH (US)

Scott W. Barrett of Valley View OH (US)

Ian P. Lewis of Cleveland OH (US)

Daniel F. Crough, Jr. of Mentor OH (US)

Dante Giancola of Brecksville OH (US)

DIGITAL ASSET MANAGEMENT

This abstract first appeared for US patent application 20240430093 titled 'DIGITAL ASSET MANAGEMENT

Original Abstract Submitted

a method, system, and non-transitory computer-readable medium are provided for issuing a vehicle title that guards against title washing by utilizing blockchain technology. the method includes determining a global asset registry ledger (grl) entry for the vehicle title and obtaining a predictive validation index (pvi) value based on the grl entry. the title registration process is performed using the pvi value, which involves instantiating, deploying, and executing a plurality of smart contracts on a title issuance authority blockchain network. these smart contracts are deployed by digitally signing with a cryptographic private key and are executed to commit the transaction based on proof of attestation policies, resulting in the issuance of the vehicle title. the system further facilitates verifying the authenticity of the title and determining the owner of the vehicle through blockchain queries.