SYSTEM AND PROCESS FOR TOKENIZATION AND MANAGEMENT OF LIABILITY

摘要

A system and process for management of liabilities is disclosed. The embodiments mitigate variance in the assessment of liability values. In an exemplary embodiment, a liability may be created under rules stored in the form of an digital token. The rules may form a smart contract wherein the terms within the contract change automatically based on criteria being met. The token associated with the smart contract may have tangible value that can appreciate/depreciate and may thus be a tradeable asset or commodity. The inventory of liabilities associated with an issuer may thus be tracked and value precisely assessed.

主权项

1. A system for tokenization and management of liability, comprising:
a computer readable medium including:
a digital token comprising a set of stored rules stored related to a liability, the set of rules including terms of a contract between an issuer and a creditor, anda hash function tracking changes to the terms of the contract; and a host server configured to update the status of the digital token within an electronic distributed ledger in response to detected changes in the terms of the contract tracked by the hash function, the host server including a set of instructions to reassess a value associated with the liability in response to the detected changes in the terms of the contract and broadcast an update of the digital token to the electronic distributed ledger.