Patent ID: 11928674
Assignee: DIAMOND STANDARD INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  E  H | IPC G  H

Claim 19:
20. A system comprising:
a processor; and
a memory including instructions that when executed cause the processor to:
interrelate tokens of two separate blockchain data structures and a physical diamond commodity, the physical diamond commodity including a secured container that houses one or more diamonds, a plurality of visual taggants, an encryption chip, the two separate blockchain data structures include an issuance blockchain and a cryptocurrency blockchain, the issuance blockchain including a cryptographic token that corresponds to the physical diamond commodity and the cryptocurrency blockchain including currency backed by the physical diamond commodity;
receive an initial visual layout of the secured container;
generate a smart contract on the issuance blockchain that incorporates the initial visual layout of the secured container, the generated smart contract configured to enable a transaction associated with the cryptographic token of the issuance blockchain in response to an authorization including:
a first validation of a current visual layout of the secured container received from an optical capture system of a mobile device and the initial visual layout of the secured container,
a second validation of the encryption chip of the physical diamond commodity, and
availability of a private cryptographic key currently associated with the secured container; and

write the smart contract to the issuance blockchain.