Thomas L High

US Patent:

20210103997, Apr 8, 2021

Filed:

Oct 1, 2020

Appl. No.:

17/061184

Inventors:

Thomas Zachary High - Winter Springs FL, US

International Classification:

G06Q 50/16
G06Q 20/36
G06Q 20/38

Abstract:

A real estate platform for transferring fractional ownership interests of real property over a network includes a plurality of interface devices and a platform provider environment comprising at least one computer system, at least one database, at least one distributed ledger environment. The platform generating interfaces to facilitate an initial purchase of real property from an original seller to the platform provider, along with the generation of asset-based tokens for the transferred property. The platform providing options for allowing system users to buy and sell fractional ownership of the transferred property via the tokens. Each token holder is granted a legal interest in the property, each transaction is recorded by a distributed ledger, and the original seller's ownership percentage diminishes as tokens are purchased. Fractional owners are provided with landlord options for managing and profiting from the subject property.