US 2022/0284419 A1 · SYSTEMS AND METHODS FOR AUTOMATIC ASSET TRANSFER USING SMART CONTRACTS

Abstract

Examples of the present disclosure describe systems and methods for automatically transferring assets based on a smart contract. In one example, a smart contract is constructed between a consumer and a service provider. The smart contract is stored on a blockchain. Financial data associated with the consumer may be received by the system, and based on the financial data associated with the consumer, the system may construct an investment profile for the consumer. The system may receive a deposit of assets (e.g., cryptocurrency). The funds may be placed into an escrow wallet, where the funds may be drawn upon based on the rules of the smart contract. At least a portion of the funds may also be automatically invested based on the investment profile of the consumer. The system may receive a trigger event, which may cause a transfer of assets from the escrow wallet to the service-provider wallet.

Claims20

Dependent claims

A system comprising:

at least one processor;
and
memory coupled to the at least one processor, the memory comprising computer executable instructions that, when executed by the at least one processor, performs a method comprising:
receiving at least one contract term, wherein the at least one contract term is in the form of program code;
constructing, on a blockchain, at least one smart contract based on the at least one contract term;
receiving financial data associated with at least one consumer;
based on the financial data associated with the at least one consumer, constructing at least one consumer investment profile;
receiving a deposit of assets;
recording the deposit of assets on the blockchain;
storing the assets in at least one escrow wallet;
automatically transferring a portion of the assets to at least one investment vehicle based on the at least one consumer investment profile;
receiving at least one trigger event associated with the smart contract;
and
in response to receiving the at least one trigger event, executing the at least one contract term.

11 more elements

A computer-readable media storing computer executable instructions that when executed cause a computing system to perform a method comprising:

receiving at least one contract term, wherein the at least one contract term is in the form of program code and wherein the at least one contract term specifies a transfer of assets from an escrow wallet to a service-provider wallet;
constructing, on a blockchain, at least one smart contract based on the at least one contract term, wherein the at least one smart contract is between at least one consumer and at least one service provider;
receiving financial data associated with the at least one consumer, wherein the financial data is at least one of:
a financial record, a bank statement, a credit report, a background check, and a response to a questionnaire;
receiving financial data associated with at least one database of historical financial data;
based on the financial data associated with the at least one consumer and the financial data associated with the at least one database of historical financial data, constructing at least one consumer investment profile, wherein constructing at least one consumer investment profile further comprises applying at least one machine-learning model to the financial data associated with the at least one consumer;
receiving a deposit of at least one stablecoin;
recording the deposit of the at least one stablecoin on the blockchain;
storing the at least one stablecoin in the at least one escrow wallet;
automatically investing a first portion of the at least one stablecoin in at least one investment vehicle based on the at least one consumer investment profile;
receiving at least one trigger event associated with the smart contract;
in response to receiving the at least one trigger event, transferring a second portion of the at least one stablecoin to the at least one service-provider wallet;
and
recording the transfer of the second portion of the at least one stablecoin to the at least one service-provider wallet on the blockchain.

11 more elements

Dependencies are inferred from the claim text.

Systems and methods for automatic asset transfer using smart contracts

Life of this patent

Systems and methods for automatic asset transfer using smart contracts

Life of this patent

Abstract

Claims20