Systems and methods for smart contract intervention
US11250439B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 18, 2018 |
| Grant date | Feb 15, 2022 |
| Priority date | — |
| Expiry date | Feb 21, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q2220/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of remedying erroneous transactions in a distributed ledger system may include: determining, by a court system associated with the distributed ledger system, a judgment that a transferring, by a contract of the distributed ledger system during a conducting of a financial transaction, of a quantity of tokens of the distributed ledger system, from a first account corresponding to a first counterparty to a second account corresponding to a second counterparty, is erroneous; and in response to determining the judgment, executing, by a court contract of the distributed ledger system, a transfer function, configured to be responsive to the court contract, to transfer at least a portion of the quantity of tokens from the second account to the first account.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.