Recommending conditions for blockchain-enforced contracts

US11423398B1 · kind B1 · utility

Assignee

• Block, Inc. · US

Inventors

• Brian Mullins · San Francisco, US
• Kay Sueru Feker · San Francisco, US
• Steffano Santiago Chavez · Clayton, US
• Michael Tomkins · San Francisco, US
• Nicole Antonio Maulino · San Ramon, US
• Ryan Tai · Mountain View, US

Key dates

• Filing date: May 29, 2018
• Grant date: Aug 23, 2022
• Expiry date: Sep 18, 2038

Classification

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

Abstract

In one embodiment, techniques include receiving, from a device associated with a merchant, a request to create blockchain-enforced contract corresponding to a new transaction between the merchant and a customer. Techniques include generating a condition of the blockchain-enforced contract requisite for completion of the new transaction. Techniques include receiving a selection of at least one option for determining that the condition is satisfied. Techniques include generating the blockchain-enforced contract and providing the blockchain-enforced contract to one or more nodes in the blockchain network. Techniques include receiving an input comprising information regarding the condition, creating a blockchain transaction addressed to the blockchain-enforced contract and sending the blockchain transaction to nodes in the blockchain network. Techniques include transferring a corresponding to the new transaction from an escrow account to a merchant account.