Geoff found this patent at https://www.lens.org/lens/patent/196-037-387-314-503/frontpage?l=en.
Method and System for Tracking and Using Carbon Credits via Blockchain
US 2020/0111105 A1
Patent Application
Family Jurisdictions: US
Legal Status: Discontinued
Application No: 201816152530
Filed: Oct 5, 2018
Published: Apr 9, 2020
Earliest Priority: Oct 5, 2018
Owners: Mastercard International Incorporated
Applicants: Mastercard International Inc
Inventors: Gupta Pulkit , Jain Ashish , Narang Bhupinder Singh , Sengupta Shuvam
Additional Info: Discontinued; Full text; Owners; Abstract; Claim; Description; Published
{NOTE: I clicked on Discontinued above, i.e. on the webpage, because Bing A.I. said below that this patent was abandoned, and this note came up, which seems to confirm what Bing A.I. said.}
Calculated Legal Status
Discontinued - Application discontinued, withdrawn or rejected, i.e. discontinuation before grant
Application Filing Date: 2018-10-05
INFORMATION ON STATUS: APPLICATION DISCONTINUATION: 2022-01-03
How do we calculate Patent Legal Status?
{NOTE: Geoff had a hunch that this patent might still be important, so I’m posting it anyway as follows.}
Abstract
A method for rewarding carbon sequestration includes: receiving a carbon sequestration notification, wherein the carbon sequestration notification includes at least an amount of sequestered carbon dioxide and an entity identifier associated with an entity that sequestered the amount of sequestered carbon dioxide; receiving a verification message, wherein the verification message includes at least the entity identifier and an indication of successful verification of the entity as sequestering the amount of sequestered carbon dioxide; generating a digital signature using a private key of a cryptographic key pair; identifying a destination address associated with the entity based on at least the entity identifier; and transmitting at least the digital signature, destination address, one or more source addresses, and a currency amount based on the amount of sequestered carbon dioxide to a node in a blockchain network.
Claims
1. A method for rewarding carbon sequestration, comprising:
receiving, by a receiver of a processing server, a carbon sequestration notification from a first computing system, wherein the carbon sequestration notification includes at least an amount of sequestered carbon dioxide and an entity identifier associated with an entity that sequestered the amount of sequestered carbon dioxide;
receiving, by the receiver of the processing server, a verification message from a second computing system, wherein the verification message includes at least the entity identifier and an indication of successful verification of the entity as sequestering the amount of sequestered carbon dioxide;
generating, by a processing device of the processing server, a digital signature using a private key of a cryptographic key pair;
identifying, by the processing device of the processing server, a destination address associated with the entity based on at least the entity identifier; and
transmitting, by a transmitter of the processing server, at least the digital signature, destination address, one or more source addresses, and a currency amount based on the amount of sequestered carbon dioxide to a node in a blockchain network.
2. The method of claim 1, further comprising:
storing, in a memory of the processing server, the private key of the cryptographic key pair.
3. The method of claim 1, wherein each of the one or more source addresses was generated using a public key of the cryptographic key pair.
4. The method of claim 1, wherein
the entity identifier is a public key of a key pair associated with the entity, and
identifying the destination address includes generating the destination address using the public key.
5. The method of claim 1, further comprising:
storing, in a memory of the processing server, an entity profile associated with the entity, wherein the entity profile includes at least the entity identifier and a public key of a key pair associated with the entity, wherein
identifying the destination address includes generating the destination address using the public key.
6. The method of claim 1, wherein
the carbon sequestration notification further includes a geographic area, and
the currency amount is further based on the geographic area.
7. The method of claim 1, further comprising:
receiving, by the receiver of the processing server, a withdrawal request, wherein the withdrawal request includes at least a specified blockchain amount and a transaction account number; and
initiating, by the processing device of the processing server, a payment transaction for payment of an amount of fiat currency based on the specified blockchain amount from a first transaction account to a second transaction account, wherein the second transaction account is associated with the transaction account number.
8. The method of claim 7, wherein
the withdrawal request further includes a transaction notification,
the transaction notification includes an identification value associated with a blockchain transaction, and
the blockchain transaction includes a recipient address generated using a public key of the cryptographic key pair and the specified blockchain amount.
9. A system for rewarding carbon sequestration, comprising:
a receiver of a processing server configured to receive
a carbon sequestration notification from a first computing system, wherein the carbon sequestration notification includes at least an amount of sequestered carbon dioxide and an entity identifier associated with an entity that sequestered the amount of sequestered carbon dioxide, and
a verification message from a second computing system, wherein the verification message includes at least the entity identifier and an indication of successful verification of the entity as sequestering the amount of sequestered carbon dioxide;
a processing device of the processing server configured to
generate a digital signature using a private key of a cryptographic key pair, and
identify a destination address associated with the entity based on at least the entity identifier; and
a transmitter of the processing server configured to transmit at least the digital signature, destination address, one or more source addresses, and a currency amount based on the amount of sequestered carbon dioxide to a node in a blockchain network.
10. The system of claim 9, further comprising:
a memory of the processing server configured to store the private key of the cryptographic key pair.
11. The system of claim 9, wherein each of the one or more source addresses was generated using a public key of the cryptographic key pair.
12. The system of claim 9, wherein
the entity identifier is a public key of a key pair associated with the entity, and
identifying the destination address includes generating the destination address using the public key.
13. The system of claim 9, further comprising:
a memory of the processing server configured to store an entity profile associated with the entity, wherein the entity profile includes at least the entity identifier and a public key of a key pair associated with the entity, wherein
identifying the destination address includes generating the destination address using the public key.
14. The system of claim 9, wherein
the carbon sequestration notification further includes a geographic area, and
the currency amount is further based on the geographic area.
15. The system of claim 9, wherein
the receiver of the processing server is further configured to receive a withdrawal request, wherein the withdrawal request includes at least a specified blockchain amount and a transaction account number, and
the processing device of the processing server is further configured to initiate a payment transaction for payment of an amount of fiat currency based on the specified blockchain amount from a first transaction account to a second transaction account, wherein the second transaction account is associated with the transaction account number.
16. The system of claim 15, wherein
the withdrawal request further includes a transaction notification,
the transaction notification includes an identification value associated with a blockchain transaction, and
the blockchain transaction includes a recipient address generated using a public key of the cryptographic key pair and the specified blockchain amount.
Bing A.I. Summary
I asked Bing A.I. to summarize the webpage for the patent. Here's what it said.
"The patent US20200111105A1 is for a method and system for tracking and using carbon credits via blockchain. The method includes receiving a carbon sequestration notification and a verification message, generating a digital signature using a private key of a cryptographic key pair, identifying a destination address associated with the entity based on the entity identifier, and transmitting the digital signature, destination address, one or more source addresses, and a currency amount based on the amount of sequestered carbon dioxide to a node in a blockchain network. The patent was filed by Mastercard International Inc. and is currently abandoned. The inventors are Pulkit Gupta, Ashish Jain, Bhupinder Singh Narang and Shuvam Sengupta.”
{NOTE:} Bing A.I. is often unreliable, at least when it summarizes non-mainstream material.
See also: rfk4president.substack.com/p/peoples-comments-on-rfk-jr
CARBON CREDITS BLOCKCHAIN PATENT
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