New pending patent applications are published on Thursdays by the USPTO. Both of today's Spotlight Applications concern aspects of blockchains (distributed ledgers, smart contracts) and rights management broadly construed. Assigned to Bootstrap Legal, Inc, the first application discloses techniques for creating and managing a smart contract on a distributed ledger. Assigned to IBM, the second application discloses techniques for unlinking ownership of successive asset transfers on a blockchain.
20190392536, "Method and system for creating and managing a smart contract on a distributed ledger," assigned to Bootstrap Legal, Inc.
The invention relates to a system and method for creating and managing smart contracts on a blockchain. More specifically, the invention relates to a method and system that provides a set of tools for users to create, monitor, manage, modify, terminate, trigger disputes, communicate with contracting parties, and if necessary resolve a dispute over a smart contract. Additionally, the system also records and manages contract history documents and records them with the smart contract such that if there are disputes that need to be handled, the system can provide the parties and third parties with an complete set of contract documents including historical contract documents to aid in the resolution of the dispute.
20190394179, "Unlinking ownership of successive asset transfers on a blockchain, assigned to IBM.
An example operation may include one or more of receiving an export identifier to initiate an asset ownership transfer of an asset from a current owner to a new owner, identifying an asset identifier assigned to the asset and a current asset ownership session stored in a blockchain transaction, responsive to identifying the export identifier, assigning a new asset identifier to the asset, assigning a random number to an import identifier used to identify the asset transfer to the new owner, and creating a new blockchain transaction including the new asset identifier, the random number, and a new asset ownership session.