Abstract
The present subject matter describes a method for tokenizing a commodity receivable based on a contract. Particularly, the present disclosure provides a method for tokenizing a commodity receivable based on a contract. The method comprises receiving, by a computing system, a request for a tokenized commodity receivable from a client device, where the commodity receivable is based on a contract for a future sale of the commodity. The method also comprises validating, by the computer system, ownership of the commodity to be tokenized based on credentials submitted by a presumed owner of the commodity, liquidity of the presumed owner, and insurance coverage on the commodity. The method also comprises filtering, by the computing system, public or private ledgers on a plurality of blockchains for existing tokenized commodities. The method further comprises consolidating, by the computing system, the tokenized commodity receivable on a first blockchain of the plurality of blockchains.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Smith, Stuart; Gu, Wanyun; Zamani, Mahdi; Kant, Akshay; Minaei, Mohammad Mohsen Bidgoli; and Leite, Alessandro, "TOKENIZATION OF COMMODITY RECEIVABLE", Technical Disclosure Commons, (February 19, 2024)
https://www.tdcommons.org/dpubs_series/6699