Implementation of payroll smart contract on a distributed ledger

A computer comprising:

• a processor;
• and
• a non-transitory computer-recordable storage medium connected to a processor and storing program code which, when executed by the processor, performs a computer-implemented method of increasing security and accessibility of data on a computer using a distributed ledger, consisting of a blockchain, and maintained solely on at least one non-transitory computer-recordable storage medium in a computer network, the program code comprising:
• program code for storing a first smart contract on the blockchain maintained in the computer network, wherein the blockchain prevents any alterations to the first smart contract, wherein the first smart contract contains a redirection clause in an event of authorized changes to the first smart contract, and wherein the first smart contract contains a second clause to pay first wages to an employee upon receipt of a trigger event;
• program code for thereafter storing a modification to the first smart contract as a second smart contract on the blockchain prior to executing instructions to pay the wages, the second smart contract containing a clause to pay second wages to the employee, and wherein the blockchain prevents any alterations to the second smart contract;
• program code for thereafter receiving the trigger event;
• program code for thereafter executing the first smart contract, including executing the redirection clause prior to executing the second clause;
• program code for thereafter executing the second smart contract and directing that the second wages be paid, whereby computer security is increased by providing for payment of updated wages via the blockchain in which neither the first smart contract nor the second smart contract may be modified.

A non-transitory computer-recordable storage medium connected to a processor and storing program code which, when executed by the processor, performs a computer-implemented method of increasing security and accessibility of data on a computer using a distributed ledger, consisting of a blockchain, and maintained solely on at least one non-transitory computer-recordable storage medium in a computer network, the program code comprising:

• program code for storing a first smart contract on the blockchain maintained in the computer network, wherein the blockchain prevents any alterations to the first smart contract, wherein the first smart contract contains a redirection clause in an event of authorized changes to the first smart contract, and wherein the first smart contract contains a second clause to pay first wages to an employee upon receipt of a trigger event;
• program code for thereafter storing a modification to the first smart contract as a second smart contract on the blockchain prior to executing instructions to pay the wages, the second smart contract containing a clause to pay second wages to the employee, and wherein the blockchain prevents any alterations to the second smart contract;
• program code for thereafter receiving the trigger event;
• program code for thereafter executing the first smart contract, including executing the redirection clause prior to executing the second clause;
• program code for thereafter executing the second smart contract and directing that the second wages be paid, whereby computer security is increased by providing for payment of updated wages via the blockchain in which neither the first smart contract nor the second smart contract may be modified.