US 2019/0318349 A1Published application

Method for controlling a smart contract in a network implementing a distributed ledger

AssigneeJur AG

InventorsAlessandro PALOMBO, Giotto DE FILIPPI, Pietro BONOMO

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Abstract

A method for controlling a smart contract in a network implements a distributed ledger. The network includes a plurality of transaction addresses and a plurality of voting addresses. The method includes defining details of a smart contract. The details include at least an escrow amount and conditions for dispersing the escrow amount. The method also includes accepting the details of the smart contract and evaluating fulfillment of the conditions. Based on the result of the evaluating step, the method disperses the escrow amount or enters a dispute resolution step.

Claims8

Dependent claims

A method (3000) for controlling a smart contract (4000) in a network (2000) implementing a distributed ledger, the network (2000) comprising a plurality of transaction addresses (1101-1103) and a plurality of voting addresses (2301-2303), the method (3000) comprising the steps of:

defining (S3100) details (4500, 4600, 4700) of a smart contract (4000), wherein the details (4500, 4600, 4700) comprise at least an escrow amount (4700) and conditions (4500) for dispersing the escrow amount (4700),
accepting (S3200) the details (4500, 4600, 4700) of the smart contract (4000),
evaluating (S3300) fulfillment of the conditions (4500),
based on the result of the evaluating step (S3300) dispersing the escrow amount (S3400) or entering a dispute resolution step (S3500).

1 more element

Dependencies are inferred from the claim text.

Facts

Application: 16/382,941Filed 12 Apr 2019
Priority: EP 18167043.112 Apr 2018
Published: 17 Oct 2019
Term ends: Not estimatedThe source records don’t support an estimate.

Classification12 codes

G06Q 20/389
Payment protocols; Details thereof: keeping log of transactions for guaranteeing non-repudiation of a transaction
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q 20/085
Payment architectures: involving remote charge determination or related payment systems
G06Q 20/223
Payment schemes or models: based on the use of peer-to-peer networks

Family

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