New pending patent applications are published by the USPTO on Thursdays. Both of today's Spotlight Applications concern aspects of blockchains (smart contracts, distributed ledgers) and rights management broadly construed. Assigned to Robert Vanzetta, the first application discloses techniques to facilitate gamified arbitration of smart contracts. Assigned to Rocket Lawyer, the second application discloses techniques for a cryptographic contract payment and dispute resolution system.
20190378227, "Method and system to facilitate gamified arbitration of smart contracts," assigned to Robert Vanzetta.
Abstract
Disclosed herein is a system to facilitate gamified arbitration of smart contracts. Further, the system includes a communication device configured for receiving a smart contract data associated with a disputed smart contract from an external system, transmitting an arbitration request to a plurality of arbitrator devices to arbitrate the disputed smart contract, receiving an acceptance of the arbitration request from two or more arbitrator devices in the plurality of arbitrator devices, receiving an arbitration stake from the two or more arbitrator accounts associated with the two or more arbitrator devices, transmitting the smart contract data to the two or more arbitrator devices, and receiving an arbitration result from the two or more arbitrator devices, and a processing device configured for allocating the security deposit fund amongst the plurality of participants and the two or more arbitrators corresponding to the two or more arbitrator devices based on the arbitration result.
20190378128, "Cryptographic contract payment and dispute resolution system," assigned to Rocket Lawyer Inc.
Abstract
Disclosed embodiments may include systems and methods for the creation of self-executing smart contract computer programs ("Smart Contracts") recorded on one or more blockchains as "on chain" contracts comprising machine extracted terms from non-blockchain recorded ("off chain") digital contracts. Disclosed systems include means of conversion of fiat currencies to cryptographically generated and unique tokens ("crypto-tokens") at a pre-set market exchange rate that does not fluctuate after the initial exchange and until directly exchanged back to the original fiat currency. Disclosed systems facilitate automated digital performance of the payment terms of off-chain contracts via on-chain smart contracts and crypto-tokens. Upon the performance of an on-chain self executing smart contract, the system will automatically release crypto-tokens or other consideration that is either held in escrow or held by an interested party. In case of a contract dispute, the system will issue a judgment using electronic data, pre-defined rules and machine logic.
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