Vehicle value as a token

A system and method for tracking and validating value of a vehicle, includes a memory device, a wireless communication device, authentication processor that authenticates the vehicle and generates one or more security keys, and a processor maintaining a token linked to the vehicle that designates th...

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Bibliographische Detailangaben
Hauptverfasser:	Gardner, Mathew D, Denthumdas, Shravanthi
Format:	Patent
Sprache:	eng
Schlagworte:	ARRANGEMENTS, SYSTEMS OR APPARATUS FOR CHECKING NOT PROVIDEDFOR ELSEWHERE CALCULATING CHECKING-DEVICES COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC COMMUNICATION TECHNIQUE ELECTRICITY GENERATING RANDOM NUMBERS PHYSICS REGISTERING OR INDICATING THE WORKING OF MACHINES SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR TIME OR ATTENDANCE REGISTERS TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION VOTING OR LOTTERY APPARATUS
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Beschreibung
Zusammenfassung:	A system and method for tracking and validating value of a vehicle, includes a memory device, a wireless communication device, authentication processor that authenticates the vehicle and generates one or more security keys, and a processor maintaining a token linked to the vehicle that designates the vehicle as a stake. The processor executes instructions to when a condition change event of the vehicle occurs, receive information of a change of state from the vehicle, generate a message including the change of state information, sign the message with a private key, transmit the signed message using the wireless communication device, choosing a node of a blockchain distributed network, evaluating, via the chosen node, the signed message in accordance with distributed contract rules to determine an updated token value and a residual token, and receive and maintain the updated token value and the residual token.