Smart contracts, blockchains ( distributed ledgers) and rights management broadly construed are the themes of today's Spotlight Patents. Assigned to MSFT, the first patent addresses techniques for blockchain smart contracts for digital asset access. Assigned to Bprotocol Foundation (CH), the second patent addresses techniques for smart contract on a blockchain for management of cryptocurrencies.
11,190,520, "Blockchain smart contracts for digital asset access," assigned to Microsoft.
Abstract
A computing device includes a communications interface that communicatively couples the computing device with a plurality of other computing devices that collectively maintain a blockchain. A storage machine holds a plurality of blocks comprising the blockchain, where a particular block of the plurality defines a smart contract. The smart contract includes: (i) a first access criterion granted to an entity for a digital asset, and (ii) one or more functions that, when an associated condition is satisfied, change the first access criterion to a second access criterion, the condition being satisfied when one or more variables have specific values. A logic machine is configured to receive a current value of a variable and determine that the current value satisfies the associated condition. A request is transmitted to the plurality of computing devices to update the first access criterion to the second access criterion.
11,188,896, "Smart contract of a blockchain for management of cryptocurrencies," assigned to Bprotocol Foundation (CH)
Abstract
There is provided a processor(s) executing a blockchain smart contract, for: managing a primary reserve of primary tokens and a secondary reserve of secondary tokens, receiving a transaction request, obtaining an external price of the primary token, compute an updated value of the primary reserve according to the external price, in response to the updated total value of primary reserve being unequal to an initial staked value of the primary reserve, adjust primary and secondary dynamic reserve weights, wherein a total value computed by a function of the primary reserve after being increased or decreased by a target amount of primary tokens and using the adjusted primary and secondary dynamic reserve weights, is equal to the initial staked value of the primary reserve, and the total value of the primary reserve is maintained at a predefined ratio to a total value of the secondary reserve, and executing the transaction request.
