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US-20260127644-A1 - SYSTEMS AND METHODS FOR USING SMART CONTRACTS TO CONTROL THE TRADE, SUPPLY, MANUFACTURE, AND DISTRIBUTION OF COMMODITIES

US20260127644A1US 20260127644 A1US20260127644 A1US 20260127644A1US-20260127644-A1

Abstract

The present principles are directed to systems and methods for providing a trading system cooperatively integrated with manufacturing control and distribution systems, and, more specifically, to provide a trading, clearance, settlement, and depository for securities, commodities, and their derivatives (collectively “securities”) that utilize asset-backed, virtualized data tokens and blockchain technology to facilitate price discovery and automated transactions at all stages of the asset development, manufacturing, and distribution of commodities.

Inventors

  • Joseph D. Preston
  • Dan Alan Preston
  • Trinitie Marie Vance
  • Brett C. Simpson
  • Peter Albert Madakson
  • William R. Rieger

Assignees

  • CLAROVIA HOLDINGS, LLC

Dates

Publication Date
20260507
Application Date
20251229

Claims (20)

  1. 1 . A system for pricing and creating one or more asset backed Tokens, comprising: at least one asset-backed Token representing an interest in at least one asset; at least one distributed ledger, the distributed ledger selected from at least one of a private ledger, a public ledger, or a hybrid ledger; at least one smart contract recorded on the distributed ledger; and at least one processor configured to execute the smart contract, the processor being further configured to: associate process control logic with an asset creation process associated with the asset; obtain asset-related data and determine one or more market-based values associated with the asset or the asset-backed Token; compare the one or more market-based values to one or more criteria; responsively adjust one or more steps of the asset creation process based on the comparison; and record execution results of the asset creation process on the distributed ledger, wherein ownership, control, or value of the asset-backed Token is validated through ledger-based state transitions enabling participation in a distributed exchange.
  2. 2 . The system of claim 1 , wherein the distributed ledger comprises a blockchain-based ledger.
  3. 3 . The system of claim 1 , wherein the distributed ledger comprises a private ledger, a public ledger, or a hybrid ledger.
  4. 4 . The system of claim 1 , wherein the asset-backed Token represents an interest in a plurality of underlying assets.
  5. 5 . The system of claim 1 , wherein the asset creation process comprises aggregation of multiple asset components into the asset-backed Token.
  6. 6 . The system of claim 1 , wherein the asset-related data comprises market data associated with at least one underlying asset component.
  7. 7 . The system of claim 1 , wherein the one or more market-based values are derived from one or more market data sources.
  8. 8 . The system of claim 1 , wherein the one or more criteria comprise valuation thresholds, pricing ranges, or risk parameters.
  9. 9 . The system of claim 1 , wherein responsively adjusting the asset creation process comprises modifying allocation, composition, or execution timing.
  10. 10 . The system of claim 1 , wherein the ledger-based state transitions correspond to changes in ownership, control, or value of the asset-backed Token.
  11. 11 . The system of claim 1 , wherein the asset-backed Token is exchangeable in a market environment.
  12. 12 . The system of claim 1 , wherein the smart contract enforces execution conditions associated with the asset creation process.
  13. 13 . A system for creating, valuing, and exchanging an asset, comprising: an asset representation corresponding to an asset, the asset comprising property owned by a person or entity and having economic value; at least one distributed ledger configured to record ownership, control, or value of the asset representation; at least one valuation mechanism configured to derive a value of the asset representation from a plurality of underlying asset components; and at least one processor configured to: aggregate the plurality of underlying asset components into the asset representation; determine a net asset value (NAV) of the asset representation based on current values of the underlying asset components; enable exchange of the asset representation in a market environment such that deviations between a trading value and the net asset value generate corrective market activity; and record ownership or value state transitions of the asset representation on the distributed ledger, wherein the asset representation is exchangeable independent of a form of the underlying asset components.
  14. 14 . The system of claim 13 , wherein the asset representation comprises a composite representation of a plurality of underlying asset components.
  15. 15 . The system of claim 13 , wherein the plurality of underlying asset components comprises physical assets, financial instruments, digital assets, or combinations thereof.
  16. 16 . The system of claim 13 , wherein determining the net asset value (NAV) comprises aggregating current values of the plurality of underlying asset components.
  17. 17 . The system of claim 13 , wherein the market environment supports intraday exchange of the asset representation.
  18. 18 . The system of claim 13 , wherein deviations between the trading value and the net asset value give rise to corrective market activity.
  19. 19 . The system of claim 13 , wherein the corrective market activity comprises buying or selling of the asset representation.
  20. 20 . The system of claim 13 , wherein ownership or value state transitions are recorded on the distributed ledger as validated ledger entries.

Description

Joseph D. PrestonUS CitizenUS ResidentBainbridgeIsland, WADan Alan PrestonUS CitizenUS ResidentBainbridgeIsland, WATrinitie Marie VanceUS CitizenUS ResidentIndianola, WABrett C. SimpsonUS CitizenUS ResidentRichland, WAPeter Albert MadaksonUS CitizenUS ResidentTacoma, WAWilliam R. RiegerUS CitizenUS ResidentAtlanta, GA COPYRIGHT NOTICE Contained herein is material that is subject to copyright protection. The copyright owner has no objection to the facsimile reproduction by anyone of the patent document or the patent disclosure, as it appears in the United States Patent and Trademark Office patent file or records, but otherwise reserves all rights to the copyright whatsoever. The following notice applies to the software, screenshots and data as described below and in the drawings hereto and All Rights Reserved. RELATED FILINGS This application is a Continuation of U.S. patent application Ser. No. 18/376,909, filed Oct. 5, 2023, entitled Systems and Methods for Using Smart Contracts to Control the Trade, Supply, Manufacture, and Distribution of Commodities, which is a Continuation of U.S. patent application Ser. No. 17/892,684, filed Aug. 22, 2022, entitled Systems and Methods for Using Smart Contracts to Control the Trade, Supply, Manufacture, and Distribution of Commodities, now U.S. Pat. No. 11,810,162, which is a Continuation of U.S. patent application Ser. No. 17/328,396, filed May 24, 2021, now U.S. Pat. No. 11,423,450, entitled Systems and Methods for Using Smart Contracts to Control the Trade, Supply, Manufacture, and Distribution of Commodities, which is a Continuation of U.S. patent application Ser. No. 15/675,697, filed Aug. 11, 2017, now U.S. Pat. No. 11,037,211, entitled Systems and Methods for Using Smart Contracts to Control the Trade, Supply, Manufacture, and Distribution of Commodities, which is a Continuation-In-Part of U.S. patent application Ser. No. 15/669,870, now U.S. Pat. No. 11,017,469, filed Aug. 4, 2017, entitled System and Method for Manufacturing and Trading Securities and Commodities, which claims priority to U.S. Provisional Patent Application No. 62/371,098, filed Aug. 4, 2016, entitled System and Method for Interconnectivity of Servers Within a Distributed Network, all of which are incorporated herein by reference in their entirety. U.S. patent application Ser. No. 15/675,697 also claims priority to U.S. Provisional Patent Application No. 62/373,839, filed Aug. 11, 2016, entitled Benefication of Metal Bearing Waste Streams and Conversion into Commercial Products, which is incorporated herein by reference in its entirety. Due to the complexity and diversity of the topic it is necessary to disclose the enablement in a four-patent-application process, whereby the series of applications will be together incorporated by reference in their entirety. TECHNICAL FIELD The present principles are directed to systems and methods for providing a trading system cooperatively integrated with manufacturing control and distribution systems, and, more specifically, to provide a trading, clearance, settlement, and depository for securities, commodities, and their derivatives (collectively “securities”) that utilize asset-backed, virtualized data tokens and blockchain technology to facilitate price discovery and automated transactions at all stages of the asset development, manufacturing, and distribution of commodities. BACKGROUND Disclosed herein are various embodiments of systems and methods for analyzing feasibility of a metals extraction process. The various embodiments disclosed are not intended as limitations, and may be combined or implemented individually, in part or in whole. The metals extraction process may be performed on any type of input source material containing metal including, but not limited to, coal fly ash, bottom ash, metal slurry, and any other ash, sand, contaminated soil, contaminated granular material, or combinations thereof. The method comprises calculations, display, and export of cost, process, effectiveness, and outputs, among others. The method further comprises using a pre-programmed calculator which interprets user inputs and returns information such as, but not limited to, process flow sheets, the cost of materials needed, the heat required, pH at specified locations in the process, material values, and estimated costs and revenue analyses. The user may input information such as elements present in the input, desired outputs, quantities of inputs, quantities of outputs, extraction potential, efficiencies, assumptions, and the values of materials. Variables that may affect the process may vary depending on the input type and composition. The user may have the opportunity to choose pre-loaded input types or scenarios which may be loaded as-is or may be used as a starting point which the user may edit. Data may be pulled from various internal and or external databases. So as to reduce the complexity and length of the Detailed Specification, Applicant(s) herein expr