Dong Keun Chung

US Patent:

20180039993, Feb 8, 2018

Filed:

Aug 2, 2017

Appl. No.:

15/667291

Inventors:

- Chicago IL, US
Jamil A. Merali - Princeton NJ, US
Dong Wook Chung - Princeton NJ, US

Assignee:

Raise Marketplace Inc. - Chicago IL

International Classification:

G06Q 30/00

Abstract:

A method includes initiating, by a first computing device, ownership acquisition of a good from a second computing device using a digital exchange item. The method further includes determining, by the second or a third computing device, whether a first warranty is applicable to the good. When the first warranty is applicable, the method further includes obtaining, by the second and/or the third computing device, a representation of the first warranty. The method further includes executing, by the second and/or the third computing device, the ownership acquisition of the good by the first computing device using the digital exchange item, wherein the executing includes updating a digital chain of custody of the digital exchange item. The method further includes updating, by the second and/or the third computing device, the digital chain of custody to include affiliation of the first warranty to the good and to the first computing device's user.