Patent ID: 11882205
Assignee: TASSAT GROUP INC.
Field: Digital communication (Electrical engineering)
Classification: CPC H | IPC H

Claim 0:
1. A system for performing at least one operation regarding an asset between a first user, associated with a first entity-specific distributed ledger of a first entity, and a second user, associated with a second entity-specific distributed ledger of a second entity, wherein the first entity is different from the second entity, the system comprising:
a first entity-specific platform comprising a first entity-specific ledger of the first entity defining a first user encrypted storage and a first entity encrypted storage;
a controller and a computer readable storage medium storing instructions, which when operated by the controller, cause the controller to:
determine a first quantity of first tokens on the first entity-specific ledger that represents an equivalence to the asset;

a common member platform comprising a common distributed ledger operatively linked to the first entity-specific ledger of the first entity, the common distributed ledger comprising a first common distributed ledger encrypted storage and second common distributed ledger encrypted storage;
wherein the controller and the computer readable storage medium storing instructions which when operated by the controller, cause the controller to:
determine a second quantity of common tokens having equivalent value to the first quantity of first entity-specific tokens;
bum the first quantity of first tokens from the first entity-specific ledger;
mint the second quantity of common tokens in the first common distributed ledger encrypted storage;
transfer the second quantity of common tokens from the first common distributed ledger encrypted storage to the second common distributed ledger encrypted storage;
instruct the first entity-specific platform to transfer the asset from the first entity-specific platform to a second entity-specific platform; and
burn the second quantity of common tokens from the second common distributed ledger encrypted storage following a minting of a third quantity of second entity-specific tokens; and

the second entity-specific platform comprising a second entity-specific ledger of the second entity operatively linked to the common distributed ledger, the second entity-specific ledger defining a second entity encrypted storage and a second user encrypted storage;
wherein the controller and the computer readable storage medium storing instructions, which when operated by the controller, cause the controller to:
determine a third quantity of second entity-specific tokens having an equivalent value to the second quantity of common tokens;
minting the third quantity of second entity-specific tokens on the second entity encrypted storage; and
transfer the third quantity of second entity-specific tokens from the second entity encrypted storage to the second user encrypted storage.