VERONA HOLDINGS SEZC (20240346087). 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 20240346087 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 trustless ecosystem
• Functions like distributed ledger crawler and advertising functions
• Risk mitigation for secondary sales of distributed ledger tokens
• Methods for acquiring and using distributed ledger tokens
• Utilization of blockchains for various purposes

Potential Applications: - Secure and transparent transactions - Improved supply chain management - Enhanced digital identity verification - Streamlined asset tokenization - Efficient decentralized applications

Problems Solved: - Lack of trust in traditional systems - Vulnerability to fraud and manipulation - Complexities in verifying transactions - Limited accessibility to tokenized assets - Inefficiencies in current advertising models

Benefits: - Increased security and transparency - Reduced risk of fraud and manipulation - Simplified transaction verification process - Enhanced accessibility to tokenized assets - Improved efficiency in advertising functions

Commercial Applications: Title: "Enhancing Trust and Efficiency with Distributed Ledger Technology" This technology can be applied in industries such as finance, supply chain management, advertising, digital identity verification, and decentralized applications. It can revolutionize how transactions are conducted, assets are tokenized, and trust is established in various ecosystems.

Questions about Distributed Ledger Technology: 1. How does this technology improve transparency in transactions? - This technology utilizes distributed ledgers to record transactions in a transparent and immutable manner, ensuring that all parties have access to the same information. 2. What are the key advantages of using smart contracts in a trustless ecosystem? - Smart contracts automate and enforce the terms of agreements, reducing the need for intermediaries and increasing efficiency in transactions.

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.