Nested conditions for blockchain-enforced contracts
US11295359B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 29, 2018 |
| Grant date | Apr 5, 2022 |
| Priority date | — |
| Expiry date | Aug 12, 2038 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In one embodiment, a method includes receiving one or more selected options for one or more of multiple contract conditions generated based on transaction information associated with a request to create a blockchain-related invoice and generating instructions for a blockchain-enforced contract based on the transaction information and the one or more selected options. The instructions for the blockchain-enforced contract correspond to a first nested contract including a first contract condition required for a transfer of a value and a second nested contract including a second contract condition required for at least a partial reversal of the transfer of the value. The method also includes, in response to receiving an input regarding the second contract condition, cause the instructions for the blockchain-enforced contract to be executed on a blockchain network.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.