Patent ID: 11961138
Assignee: CREDIOT, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system for decentralized tracking and recording of information regarding an item of personal property, comprising:
at least one external server comprising a processor, a memory and machine-readable code stored in said memory and executable by said processor to cause said server to:
receive information which identifies said item of personal property;
create a record regarding said item of personal property, said record comprising an initial block having said information which identifies said item of personal property and first time information associated therewith;
transmit information regarding said initial block to at least one other computing device for decentralized storage;
receive information regarding a transfer in ownership or possession of said item of personal property;
create a second block for said record, said second block having said information regarding said transfer in ownership or possession of said item of personal property and second time information associated therewith;
transmit information regarding said second block to said at least one other computing device;
receive information regarding a location of said item of personal property after said transfer in ownership or possession;
create a third block for said record, said third block having said information regarding said location of said item of personal property and third time information associated therewith; and
transmit information regarding said third block to said at least one other computing device.