{"id":255,"date":"2023-11-21T12:00:00","date_gmt":"2023-11-21T12:00:00","guid":{"rendered":"https:\/\/economidesconsultants.com\/?p=255"},"modified":"2025-10-11T01:17:11","modified_gmt":"2025-10-11T01:17:11","slug":"systems-and-methods-for-transacting-units-derived-from-non-commodifiable-work-products","status":"publish","type":"post","link":"https:\/\/economidesconsultants.com\/index.php\/2023\/11\/21\/systems-and-methods-for-transacting-units-derived-from-non-commodifiable-work-products\/","title":{"rendered":"Systems and Methods for Transacting Units Derived from Non-Commodifiable Work Products"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_post_title author=&#8221;off&#8221; comments=&#8221;off&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; content__hover_enabled=&#8221;off|desktop&#8221;]<\/p>\n<p data-start=\"1019\" data-end=\"1045\"><span>(U.S. Patent No. 11,823,266)<\/span><\/p>\n<h4 data-start=\"1019\" data-end=\"1045\"><strong data-start=\"2537\" data-end=\"2551\">Authors<\/strong><span><\/span><\/h4>\n<p class=\"p1\"><span><strong>Alexander M. Economides<\/strong>, with Dorothy Haraminac, and Tri Nguyen<\/span><br \/><strong data-start=\"4476\" data-end=\"4496\"><\/strong><\/p>\n<h4 data-start=\"4476\" data-end=\"4815\"><strong data-start=\"4476\" data-end=\"4496\">Purpose<\/strong><\/h4>\n<p data-start=\"4476\" data-end=\"4815\"><span>This patent was developed by <\/span>Kiribex Inc., co-invented by Alexander Economides, Tri Nguyen, and Dorothy Haraminac.<\/p>\n<p data-start=\"4476\" data-end=\"4815\"><span>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.<\/span><span><\/span><\/p>\n<p data-start=\"5266\" data-end=\"5332\">\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/economidesconsultants.com\/wp-content\/uploads\/2025\/10\/11823266.pdf&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Click here to download the patent&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_color=&#8221;gcid-f1b41f2a-9fe6-4545-9f39-3e1f32baae69&#8243; button_bg_color=&#8221;gcid-04688e39-81a3-4cbb-93fd-ff74f7c4e35c&#8221; button_border_width=&#8221;2px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{%22gcid-f1b41f2a-9fe6-4545-9f39-3e1f32baae69%22:%91%22button_text_color%22%93,%22gcid-04688e39-81a3-4cbb-93fd-ff74f7c4e35c%22:%91%22button_bg_color%22%93}&#8221;][\/et_pb_button][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; content__hover_enabled=&#8221;off|desktop&#8221;]<\/p>\n<h4 data-start=\"4817\" data-end=\"5264\"><strong data-start=\"4817\" data-end=\"4839\">Summary<\/strong><\/h4>\n<p data-start=\"1503\" data-end=\"1746\">U.S. Patent No. 11,823,266, titled <em data-start=\"1542\" data-end=\"1633\">\u201cSystems and Methods for Transacting Units Derived from Non-Commodifiable Work Products,\u201d<\/em> represents the core intellectual property behind the Kiribex carbon-credit issuance and exchange platform.<\/p>\n<p data-start=\"1748\" data-end=\"2067\">The patent describes a method for generating, verifying, subdividing, transacting, and retiring digital environmental assets\u2014including carbon credits\u2014linked to measurable, non-commodifiable activities such as verified emissions reductions or removals.<br data-start=\"2003\" data-end=\"2006\" \/>It introduces a cryptographically-secure architecture that:<\/p>\n<ul>\n<li data-start=\"2071\" data-end=\"2159\">Validates claims of environmental benefit using third-party data and audit trails.<\/li>\n<li data-start=\"2162\" data-end=\"2246\">Applies discounting factors to adjust unit value based on uncertainty or risk.<\/li>\n<li data-start=\"2249\" data-end=\"2358\">Subdivides and tracks units across centralized or decentralized ledgers to ensure fractional integrity.<\/li>\n<li data-start=\"2361\" data-end=\"2465\">Manages issuance, transfer, and destruction of digital units in a controlled registry environment.<\/li>\n<li data-start=\"2468\" data-end=\"2650\">Supports integration with blockchain or distributed systems, ensuring transparency and tamper-resistance while maintaining compatibility with traditional accounting frameworks.<\/li>\n<\/ul>\n<p data-start=\"2652\" data-end=\"3064\">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.<\/p>\n<p data-start=\"2652\" data-end=\"3064\">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.<\/p>\n<p data-start=\"3066\" data-end=\"3339\">The intellectual property supports Kiribex\u2019s mission to modernize carbon markets by making each credit traceable, discount-adjusted, and independently auditable\u2014addressing the industry\u2019s long-standing challenges of double-counting, greenwashing, and unverifiable offsets.<\/p>\n<p data-start=\"1401\" data-end=\"1901\"><strong data-start=\"612\" data-end=\"621\">Tags:<\/strong><span> Carbon Credits, Tokenization, Blockchain, Digital Assets, IP, Environmental Markets, Kiribex<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kiribex\u2019s foundational patent, U.S. Patent 11,823,266, defines a secure, verifiable system for creating, transacting, and retiring digital environmental credits on or off blockchain networks. It establishes the technology framework that underpins transparent, tokenized carbon-credit marketplaces.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[45,46,47,44],"tags":[51,48,49,50,53,54,52],"class_list":["post-255","post","type-post","status-publish","format-standard","hentry","category-blockchain","category-carbon-markets","category-kiribex","category-patents","tag-blockchain","tag-carbon-credits","tag-digital-assets","tag-environmental-markets","tag-ip","tag-kiribex","tag-tokenization"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/posts\/255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/comments?post=255"}],"version-history":[{"count":6,"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/posts\/255\/revisions"}],"predecessor-version":[{"id":266,"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/posts\/255\/revisions\/266"}],"wp:attachment":[{"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/media?parent=255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/categories?post=255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economidesconsultants.com\/index.php\/wp-json\/wp\/v2\/tags?post=255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}