System and method for managing transactions in dynamic digital documents

US10529042B2 · kind B2 · utility

Assignee

• RS LTD. · US

Inventors

• Richard G. Brown · London, GB
• Michael Christopher Hearn · Zürich, CH
• James William George Carlyle · London, GB

Key dates

• Filing date: Aug 22, 2016
• Grant date: Jan 7, 2020
• Expiry date: Jan 17, 2038

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

System and methods for managing dynamic electronic documents on a private distributed ledger comprise establishing a dynamic electronic document comprising a first state object, wherein the state object references a prior approved first transaction; proposing a second transaction comprising as an input the first state object and as an output a transaction command to alter the state object as well as what parameters are required to validate the second transaction; validating the proposed second transaction; and updating the state object on a private distributed ledger to reference the second transaction.