Blockchain-implemented smart contract management for digital twin assets
AssigneeInternational Business Machines Corporation
InventorsJoseph G. Berti, Lisa Seacat DeLuca
Life of this patent
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Abstract
Managing digital asset representation of physical assets with smart contracts recorded in a blockchain ledger in IoT systems and environments using a blockchain ledger. Digital twin events are recorded in the blockchain ledger. The events are monitored to detect satisfaction of the smart contract. The digital twin is instantiated and appropriate actions are taken, such as indicating a length of time to maintain the digital twin.
Claims20
A method for managing a digital representation of a physical asset, comprising:
- writing data of respective electronic files associated with a digital representation of a physical asset as entries to a blockchain ledger accessible to a network of two or more blockchain participants;
- monitoring written entries of the blockchain ledger to detect satisfaction of one or more conditions defined in a smart contract associated with the digital representation of the physical asset;
- and
- performing an action on the digital representation based on detecting that the one or more conditions defined in the smart contract are satisfied.
A computer program product for managing a digital representation of a physical asset, comprising programming instructions stored on a tangible storage device of a computer, the programming instructions being executable by a processor of the computer to perform a method, the programming instructions comprising instructions for:
- writing, by the processor, data of respective electronic files associated with a digital representation of a physical asset as entries to a blockchain ledger accessible to a network of two or more blockchain participants;
- monitoring, by the processor, written entries of the blockchain ledger to detect satisfaction of one or more conditions defined in a smart contract associated with the digital representation of the physical asset;
- and
- performing, by the processor, an action on the digital representation based on detecting that the one or more conditions defined in the smart contract are satisfied.
A computer system for managing a digital representation of a physical asset, comprising:
- a processor;
- and
- a tangible storage device storing a plurality of programming instructions for execution by the processor to perform a method, the method comprising:
- writing data of respective electronic files associated with a digital representation of a physical asset as entries to a blockchain ledger accessible to a network of two or more blockchain participants;
- monitoring written entries of the blockchain ledger to detect satisfaction of one or more conditions defined in a smart contract associated with the digital representation of the physical asset;
- and
- performing an action on the digital representation based on detecting that the one or more conditions defined in the smart contract are satisfied.
Dependencies are inferred from the claim text.