Zero invoicing by replicated state
US11615447B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 5, 2020 |
| Grant date | Mar 28, 2023 |
| Priority date | — |
| Expiry date | Nov 5, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/3821
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Example implementations are directed to eliminating or reducing the invoicing business process by using replicated states as single truth for sub-groups participating in a supply chain network involving a large number of transient partners in a low trust ecosystem. All activities of the business process such as invoicing are shared as single truth of replicated states for the subgroup. The confidential data involving terms of reference for business process is shared separately as single truth of replicated states among such partners. The validations for business process such as invoicing can be derived by executing smart contracts on such replicated states that have single truth about transactions among different sub-groups/channels in supply chain, thereby reducing/eliminating need for invoice generation that need to be manually verified, validated and acknowledged among supplier and customers for payments.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.