Patent ID: 11915332
Assignee: LOYYAL HOLDINGS INCORPORATED
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. A computer program product for hosting an online portal for tokenization and management of liability in a blockchain environment, the computer program product comprising a non-transitory computer readable storage medium having computer readable program code embodied therewith, the computer readable program code when executed by a computer processor causes the computer processor to:
generate a digital token comprising a set of stored rules related to a liability associated with the digital token, the set of rules including terms of a contract between an issuer and a creditor and actuarial redemption assumptions built into the set of rules, wherein the digital token includes computer executable instructions, which are implemented in the blockchain environment;
generate a hash function associated with the digital token, the hash function tracking changes to statuses of terms of the contract;
identify, by the computer processor, an update to a status of one of the terms of the contract tracked by the hash function;
modify, by the computer processor, the terms of the contract in the digital token based on the updated status of one of the terms of the contract tracked by the hash function in the blockchain environment;
modify by the computer processor, elements associated with the liability of the digital token based on the actuarial redemption assumptions in response to the updated status of one of the terms of the contract in the blockchain environment; and
cause a host server that provides tokenization and management of the liability to broadcast, to an electronic distributed ledger, the modified terms of the contract in the digital token and the modified elements associated with the liability associated with the digital token in the blockchain environment.