MUMBAI, India, April 20 -- Intellectual Property India has published a patent application (202411076438 A) filed by Lovely Professional University, Phagwara, Punjab, on Oct. 9, 2024, for 'method for dynamically managing tokenized assets in a blockchain-based enterprise system.'
Inventor(s) include Dr. Manik Rakhra; Dr. Gagandeep Singh Cheema; and Dr. Babli Dhiman.
The application for the patent was published on April 17, under issue no. 16/2026.
According to the abstract released by the Intellectual Property India: "The present invention disclosesa method (100) for dynamically managing tokenized assets in a blockchain-based enterprise system, including defining, modifying, and managing token attributes, including supply, fungibility, compliance requirements, and financial parameters, through an adaptive token definition module (110). In some embodiments, the attributes may be governed by smart contracts. Embodiments may also include automatically updating token attributes in real-time based on event-driven triggers, external data inputs, or predefined schedules, including regulatory updates and market conditions (120). Embodiments may also include integrating a compliance engine that continuously monitors jurisdictional regulatory requirements using real-time data from external regulatory feeds or legal databases (130). Embodiments may also include dynamically adjusting token compliance rules and enforcement mechanisms through smart contracts, ensuring automatic adherence to evolving jurisdiction-specific regulations without manual intervention (140)."
Disclaimer: Curated by HT Syndication.
