METHODS AND APPARATUS FOR TITLE STRUCTURE AND MANAGEMENT
First Claim
1. A computer-implemented method for effecting transfer of title objects using one or more computing devices, comprising:
- using a first subset of the one or more computing devices, storing a first title object received from a first entity with a lockbox programmed to securely execute transfer of title objects between parties, the first title object having been previously encoded with title data representing a plurality of rights, the first title object being encoded to effect redemption of each of the rights by presentation of the first title object to a title-enabled process, the first title object also having been previously encoded with an associated title object state corresponding to a first value which corresponds to an externally stored state that is stored separately from the title object state;
transferring ownership of one or more of the rights represented by the first title object to a second entity by releasing the first title object from the lockbox to the second entity upon satisfaction of at least one criterion; and
using a second subset of the one or more computing devices, updating both the associated title object state and the externally stored state to correspond to a new value in conjunction with releasing the first title object to the second entity, thereby ensuring that only a single valid instance of the first title object is in circulation.
5 Assignments
0 Petitions
Accused Products
Abstract
A title management apparatus resident on a first computer including a memory for storing a control program and data, and a processor for executing the control program and for managing the data. The apparatus includes user data resident in the memory including a set of user security indicia. The apparatus also includes a first title object resident in the memory including a title structure, the title structure further comprising a content element, a set of attributes, and a set of title object security indicia. The apparatus further includes a set of stub objects coupled to the title object, wherein the set of stub objects can further optimize the title structure; an authorization structure configured to selectively redeem the content element based at least in part of the user security indicia; and, a title management structure configured to associate a user with the first title object based at least in part of the user data and the title attributes.
-
Citations
1 Claim
-
1. A computer-implemented method for effecting transfer of title objects using one or more computing devices, comprising:
-
using a first subset of the one or more computing devices, storing a first title object received from a first entity with a lockbox programmed to securely execute transfer of title objects between parties, the first title object having been previously encoded with title data representing a plurality of rights, the first title object being encoded to effect redemption of each of the rights by presentation of the first title object to a title-enabled process, the first title object also having been previously encoded with an associated title object state corresponding to a first value which corresponds to an externally stored state that is stored separately from the title object state; transferring ownership of one or more of the rights represented by the first title object to a second entity by releasing the first title object from the lockbox to the second entity upon satisfaction of at least one criterion; and using a second subset of the one or more computing devices, updating both the associated title object state and the externally stored state to correspond to a new value in conjunction with releasing the first title object to the second entity, thereby ensuring that only a single valid instance of the first title object is in circulation.
-
Specification