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System and method for tracking authenticated items

  • US 8,898,077 B2
  • Filed: 07/23/2012
  • Issued: 11/25/2014
  • Est. Priority Date: 01/04/2002
  • Status: Expired due to Fees
First Claim
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1. A method for tracking an authenticated item comprising:

  • reading authentication device data from an authentication device affixed to an item;

    storing the authentication device data and item description data;

    receiving owner registration data;

    generating confirmation data if the owner registration data and the item description data are correlated to the authentication device data;

    receiving seller data, buyer data and payment confirmation data;

    modifying the owner registration data as a function of the seller data, the buyer data and the payment confirmation data using a processor;

    receiving item transfer data from a current owner;

    receiving transfer confirmation data from a prospective owner; and

    storing the prospective owner data as the owner registration data after receiving the transfer confirmation data, wherein an item registration system is configured to receive the identifier, location data and time data and to associate the location data and the time data with the associated item data using a processor;

    an event verification system is configured to determine whether the location data matches event location data using a processor; and

    an owner registration system is configured to store the owner registration data as authenticated owner registration data if the location data matches the event location data.

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