Title registration system and protocol

Abstract

A method for registering title to a precious stone to provide verified ownership information of the precious stone, comprising: a) performing at least one of associating or updating information, including ownership information, with respect to the precious stone on a distributed ledger; and, b) recording the associated and/or updated information on at least one medium, wherein the precious stone has been previously tagged or marked with an identification and that identification has been registered on the distributed ledger.

1 . A method for registering title to a precious stone to provide verified ownership information of the precious stone, comprising:
 a) performing at least one of associating or updating information, including ownership information, with respect to the precious stone on a distributed ledger; and,   b) recording the associated and/or updated information on at least one medium,   wherein the precious stone has been previously tagged or marked with a tag at a sub-surface site irrespective of the presence of any defects or impurities at the sub-surface site within the precious stone, the tag associated with an identification and that identification has been registered on the distributed ledger.   
     
     
         2 . The method according to  claim 1 , further comprising incorporating the information on at least one of an Internet of Things or cloud-based storage. 
     
     
         3 . The method according to  claim 1 , further comprising providing the at least one medium to an owner of the precious stone. 
     
     
         4 . The method according to  claim 3 , wherein the medium is a digital token, a recorded chip or on a portable data storage device. 
     
     
         5 . The method according to  claim 1 , further comprising encrypting at least one of the identification or information. 
     
     
         6 . The method according to  claim 1 , wherein the identification is a public key, machine-readable code, a non-fungible token, a fungible token, or human-readable code with magnification. 
     
     
         7 . The method according to  claim 1 , wherein the tagging or marking is performed on the surface of the precious stone. 
     
     
         8 . The method according to  claim 1 , wherein the distributed ledger is a blockchain. 
     
     
         9 . The method according to  claim 1 , wherein the information, in addition to ownership, includes at least one of, name of a buyer or other identity information, means of payment information, bank transaction information, precious stone details, gemological lab certificate number, invoice of sale, payment verification information, physical location of the asset, or custodian of the asset. 
     
     
         10 . The method according to  claim 1 , further comprising requiring the provision of a minimum amount of information regarding the precious stone before assigning the precious stone an identification. 
     
     
         11 . The method according to  claim 1 , further comprising rating an individual or entity responsible for at least one of tagging, registering, performing, or recording with respect to the precious stone, based on at least one of trustworthiness, accuracy and honesty. 
     
     
         12 . The method according to  claim 1 , further comprising verifying ownership information of the precious stone included on the distributed ledger to enable a trust-based transaction involving the precious stone on an online marketplace. 
     
     
         13 . A system for registering title to a precious stone to provide verified ownership information of the precious stone, comprising:
 a distributed ledger including at least identification information and ownership information associated with the precious stone; and,   at least one medium for recording information associated with the precious stone thereon,   wherein the precious stone has been previously tagged or marked with a tag at a sub-surface site irrespective of the presence of any defects or impurities at the sub-surface site within the precious stone, where the tag is associated with the information.   
     
     
         14 . The system according to  claim 13 , further comprising at least one of an Internet of Things or cloud-based storage for recording information regarding the precious stone thereon. 
     
     
         15 . The system according to  claim 13 , wherein the at least one medium is a digital token, a recorded chip or on a portable data storage device. 
     
     
         16 . The system according to  claim 13 , wherein the identification is a public key, machine-readable code, a non-fungible token, a fungible token, or human-readable code with magnification. 
     
     
         17 . The system according to  claim 13 , wherein the tagging or marking is performed on the surface of the precious stone. 
     
     
         18 . The system according to  claim 13 , wherein the information, in addition to ownership, includes at least one of, name of a buyer or other identity information, means of payment information, bank transaction information, asset details, gemological lab certificate number, invoice of sale, payment verification information, physical location of the asset, or custodian of the asset. 
     
     
         19 . The system according to  claim 13 , further comprising at least one reading device for reading at least one of the identification of the precious stone or the at least one medium. 
     
     
         20 . The system according to  claim 19 , further comprising an online marketplace wherein ownership information included on the distributed ledger, verified by the at least one reading device, enables a trust-based transaction with the precious stone.