METHOD FOR DIGITALLY SECURING AN ASSET
A computer-implemented method for automatically and digitally securing an asset is disclosed. The computer-implemented method includes hashing a secret preimage to produce a secret hash. The computer-implemented method further includes locking a digital collateral asset with the secret hash for a fi...
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Main Authors | , , , , |
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Format | Patent |
Language | English |
Published |
27.06.2024
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Subjects | |
Online Access | Get full text |
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Summary: | A computer-implemented method for automatically and digitally securing an asset is disclosed. The computer-implemented method includes hashing a secret preimage to produce a secret hash. The computer-implemented method further includes locking a digital collateral asset with the secret hash for a first predetermined period of time. The computer-implemented method further includes locking a digital loan asset with the secret hash for a second predetermined period of time, wherein the second predetermined period of time is less than the first predetermined period of time. The computer-implemented method further pledging a digital loan repayment up to the amount of time of the first predetermined period of time plus the second predetermined period of time. The computer-implemented method further includes responsive to receiving a pledge for the digital loan repayment, automatically unlocking the digital collateral asset for a borrower of the digital loan asset. |
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Bibliography: | Application Number: US202218146479 |