International business machines corporation (20240232877). NON-FUNGIBLE TOKEN (NFT)-DISTRIBUTED EVENTS FOR PEER-TO-PEER EXCHANGE simplified abstract
Contents
NON-FUNGIBLE TOKEN (NFT)-DISTRIBUTED EVENTS FOR PEER-TO-PEER EXCHANGE
Organization Name
international business machines corporation
Inventor(s)
Zachary A. Silverstein of Georgetown TX (US)
Jacob Ryan Jepperson of St. Paul MN (US)
Melanie Dauber of Oceanside NY (US)
Jeremy R. Fox of Georgetown TX (US)
Logan Bailey of Atlanta GA (US)
NON-FUNGIBLE TOKEN (NFT)-DISTRIBUTED EVENTS FOR PEER-TO-PEER EXCHANGE - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240232877 titled 'NON-FUNGIBLE TOKEN (NFT)-DISTRIBUTED EVENTS FOR PEER-TO-PEER EXCHANGE
Simplified Explanation:
This patent application describes a method, computer system, and computer program product for event NFT distribution. It involves generating unique non-fungible tokens (NFTs) associated with events, recording information on a blockchain, modifying events, identifying additional NFT owners for communication, and establishing blockchain-based messaging sessions for transferring NFTs.
- The method involves generating unique NFTs in response to user event registration.
- NFTs contain event information recorded on a blockchain.
- Users can modify events and communicate with additional NFT owners over a blockchain-based messaging protocol.
- Additional NFT owners are identified based on service provider criteria associated with the NFT.
- Blockchain-based messaging sessions are established between users and permitted additional NFT owners.
- Transferred NFTs are recorded on the blockchain without provider confirmation.
Key Features and Innovation:
- Generation of unique NFTs for events.
- Recording event information on a blockchain.
- Identification of additional NFT owners based on criteria.
- Establishment of blockchain-based messaging sessions.
- Recording transferred NFTs on the blockchain without provider confirmation.
Potential Applications:
This technology can be applied in event management, ticketing systems, digital asset ownership, and secure communication protocols.
Problems Solved:
This technology addresses the challenges of securely distributing event-related NFTs, facilitating communication between NFT owners, and recording NFT transfers on a blockchain.
Benefits:
The benefits of this technology include enhanced event security, improved communication between NFT owners, and transparent recording of NFT transfers.
Commercial Applications:
Event management companies, ticketing platforms, blockchain developers, and digital asset marketplaces can leverage this technology for secure event NFT distribution and communication.
Questions about Event NFT Distribution:
1. How does this technology improve event security and communication among NFT owners? 2. What are the potential implications of using blockchain-based messaging protocols for NFT transfers?
Original Abstract Submitted
a method, computer system, and computer program product for event nft distribution is provided. the embodiment may include generating, in response to a user registering an event with a provider, a unique non-fungible token (nft), where the nft includes information associated with the event recorded on a blockchain. the embodiment may also include, responsive to receiving an indication from the user to modify the event, identifying additional nft owners that the user is permitted to communicate with over a blockchain-based messaging protocol, where the additional nft owners are identified based on a set of service provider criteria associated with the nft, and establishing a blockchain-based messaging session with the user and one or more of the permitted additional nft owners. the embodiment may further include, responsive to the user and an additional nft owner agreeing to transfer nfts, recording the transferred nfts on the blockchain without confirmation from the provider.
