The method of management of property rights to Assets has been successfully implemented in the Bitbon System, which includes a network of hardware-software complexes containing the Blockchain, data on nominal value, Bitbon System User identifiers, data on transaction history, exact time module, transaction processing module, publication module:
Blockchain (contains data on the Accounts of Bitbon System Users, as well as the Projectbon Public Contract, evaluation of nominal value of property rights to Assets).
Ledger object identifier generator (a separate device with the ability to interact with the exact time module using cryptographic algorithms for data processing).
Exact time module (provides synchronization with the network-wide time of the hardware-software complexes network, which differs from the global time due to the speed corrections of the signal propagation across the network segments between the hardware-software complexes).
Transaction processing module (processes a request to form a record on the transfer or redistribution of property rights to Assets in the Blockchain).
Validation module (allows verifying the correctness of the evaluation results of property rights to Assets, the Projectbon Public Contract, nominal value, Bitbon System User identifiers).
User terminal (a hardware-software complex used to create the Projectbon Public Contract, as well as an instruction to transfer property rights to Assets).
Publication module (a pool of hardware-software complexes combined with each other in the network for the purpose of publishing records in the Blockchain).
Let us consider concrete examples of the practical use of the Bitbon System described in patent PCT/UA2017/000050 “The Method of Management of Property Rights to Assets and the System for Its Implementation”.
- Example 1Bitbon Evaluation and Issuing as Property Rights to Assets
- Example 2Evaluation, Accounting and Control of Assets Using Bitbon
- Example 3Transfer of Property Rights to Assets Using Bitbon
- Example 4Bitbon Exchange for Goods
- Example 5Fundraising for Project Implementation
- Example 6Contributing
- Example 7Receiving Income by the Contributor
User 1 creates the Projectbon Public Contract, where he/she defines the objectives, conditions and frequency of project evaluation, as well as the required total amount of Bitbons for its implementation, and the procedure for receiving income by Contributors according to their shares, which are determined while exchanging their Bitbons for Projectbons of this Projectbon Public Contract.
User 2 (Contributor) when exchanging Bitbons for Projectbons becomes the owner of a certain project share and can receive a separate income according to the conditions specified by User 1 in the Projectbon Public Contract.
Materials of the article Bitbon System As a Separate Independent Asset largely explain the interaction principle of the Bitbon System components.
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The inventions are patented through the international patent system РСТ (Patent Cooperation Treaty), which helps applicants to patent their inventions in many countries by means of the Patent Cooperation Treaty (PCT). Thus, by filing an international patent application under the PCT, an applicant can provide protection to his/her invention in 152 РСТ Contracting States.
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