Recommending conditions for blockchain-enforced contracts

US12165140B2 · kind B2 · 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: Jul 21, 2022
• Grant date: Dec 10, 2024
• Expiry date: Jul 21, 2042

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, by a computing device associated with a payment service system, a request to create a blockchain-enforced contract corresponding to a new transaction between a merchant and a customer. Techniques include generating, based on analysis using machine-learned models of a transaction history associated with the merchant, a condition of the blockchain-enforced contract requisite for completion of the new transaction. Techniques includes generating the blockchain-enforced contract including the condition. Techniques include providing the blockchain-enforced contract to nodes in a blockchain network. Techniques include creating a blockchain transaction addressed to the blockchain-enforced contract and including information regarding the condition. Techniques include providing the blockchain transaction to the nodes. Techniques include receiving confirmation that the nodes have validated the blockchain transaction. Techniques include causing a value associated with the new transaction to be transferred to a merchant account associated with the merchant.