US2014019372A1PendingUtilityA1

Methods and apparatus for title structure & management

Assignee: ONCIRCLE INCPriority: May 15, 2002Filed: Sep 19, 2013Published: Jan 16, 2014
Est. expiryMay 15, 2022(expired)· nominal 20-yr term from priority
G06Q 20/401G06Q 20/027G06Q 20/0855G06Q 50/18G06Q 30/06G06F 21/10G06Q 20/1235G06Q 10/10G06Q 20/382G06Q 20/12
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Claims

Abstract

A title management apparatus resident on a first computer including a memory for storing a control program and data, and a processor for executing the control program and for managing the data. The apparatus includes user data resident in the memory including a set of user security indicia. The apparatus also includes a first title object resident in the memory including a title structure, the title structure further comprising a content element, a set of attributes, and a set of title object security indicia. The apparatus further includes a set of stub objects coupled to the title object, wherein the set of stub objects can further optimize the title structure; an authorization structure configured to selectively redeem the content element based at least in part of the user security indicia; and, a title management structure configured to associate a user with the first title object based at least in part of the user data and the title attributes.

Claims

exact text as granted — not AI-modified
What is claimed is: 
     
         1 . A computer-implemented method for effecting transfer of title objects using one or more computing devices, comprising:
 using a first subset of the one or more computing devices, storing a first title object received from a first entity with a lockbox programmed to securely execute transfer of title objects between parties, the first title object having been previously encoded with title data representing a plurality of rights, the first title object being encoded to effect redemption of each of the rights by presentation of the first title object to a title-enabled process, the first title object also having been previously encoded with an associated title object state corresponding to a first value which corresponds to an externally stored state that is stored separately from the title object state;   transferring ownership of one or more of the rights represented by the first title object to a second entity by releasing the first title object from the lockbox to the second entity upon satisfaction of at least one criterion; and   using a second subset of the one or more computing devices, updating both the associated title object state and the externally stored state to correspond to a new value in conjunction with releasing the first title object to the second entity, thereby ensuring that only a single valid instance of the first title object is in circulation.

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