Both of today's Spotlight Applications continue the theme of blockchains (smart contracts, distributed ledgers) and rights management broadly construed. Assigned to Atrium Separate IP Holdings, the first application discloses blockchain techniques for automated cybersecurity and data privacy law compliance with a partitioned replication protocol. Assigned to nChain, the second application discloses techniques for a registry and automated management of blockchain-enforced smart contracts.
20210092185, "Blockchain architecture, system, method and device for automated cybersecurity and data privacy law compliance with a partitioned replication protocol," assigned to Atrium Separate IP Holdings Number 1, LLC
A distributed transaction and data storage platform including a distributed notary ledger or blockchain and one or more individual user micro-identifier chains that together enable the secure effectuation and recordation of one or more transactions, and/or storage of data in an automated, real-time, zero-trust, globally data law and privacy law centric manner while maintaining transaction party confidentiality and preventing chain poisoning.
20210090076, "Registry and automated management method for blockchain-enforced smart contracts," assigned to nChain Holdings Limited (AG)
The invention relates to the fields of tokenisation, blockchain and smart contract technologies. It provides a technical arrangement which simplifies the automated management of contracts. The invention comprises a method and system which use a computer-based repository for storage of the contract. The contract is then represented by a transaction on the blockchain. Metadata within the transaction's script includes a hash of the contract and a means of identifying its location within the repository. The transaction also includes an unspent output (UTXO) which indicates its status as an open (ie not terminated) contract. The contract is terminated by spending the output at a later point in time, for example, using nLockTime+CheckLockTimeVerify (CLTV). By combining this concept with other techniques and computing components, the invention can provide a powerful mechanism for implementing various tasks such as renewing or rolling over the contract, or dividing it into sub-contracts or conditions. Furthermore, as the status and existence of the contract is evidence via the blockchain, this provides a permanent, publicly visible and non-alterable record of the contract.