Systems and Methods for Transacting Units Derived from Non-Commodifiable Work Products

(U.S. Patent No. 11,823,266)

Authors

Alexander M. Economides, with Dorothy Haraminac, and Tri Nguyen

Purpose

This patent was developed by Kiribex Inc., co-invented by Alexander Economides, Tri Nguyen, and Dorothy Haraminac.

Its purpose was to establish a technological foundation for verifiable, market-ready carbon-credit transactions, providing a transparent, auditable bridge between digital ledgers and traditional compliance systems.

Summary

U.S. Patent No. 11,823,266, titled “Systems and Methods for Transacting Units Derived from Non-Commodifiable Work Products,” represents the core intellectual property behind the Kiribex carbon-credit issuance and exchange platform.

The patent describes a method for generating, verifying, subdividing, transacting, and retiring digital environmental assets—including carbon credits—linked to measurable, non-commodifiable activities such as verified emissions reductions or removals.
It introduces a cryptographically-secure architecture that:

• Validates claims of environmental benefit using third-party data and audit trails.
• Applies discounting factors to adjust unit value based on uncertainty or risk.
• Subdivides and tracks units across centralized or decentralized ledgers to ensure fractional integrity.
• Manages issuance, transfer, and destruction of digital units in a controlled registry environment.
• Supports integration with blockchain or distributed systems, ensuring transparency and tamper-resistance while maintaining compatibility with traditional accounting frameworks.

The system was designed to solve a fundamental market problem: the lack of a reliable, scalable mechanism to verify and transact carbon credits with full transparency and auditability.

By separating validation, issuance, and retirement functions into discrete but interlinked modules, the patent provides a framework for both compliance-grade and voluntary carbon markets to coexist securely.

The intellectual property supports Kiribex’s mission to modernize carbon markets by making each credit traceable, discount-adjusted, and independently auditable—addressing the industry’s long-standing challenges of double-counting, greenwashing, and unverifiable offsets.

Tags: Carbon Credits, Tokenization, Blockchain, Digital Assets, IP, Environmental Markets, Kiribex