Blockchains (smart contracts, distributed ledgers) and rights management broadly construed are the themes of today's Spotlight Patents. Assigned to Trend Micro (JP), the first of today's patents addresses techniques for protected smart contracts for managing internet of things devices. Assigned to NB Ventures, the second patent addresses techniques for contract lifecycle management.
11,349,926, "Protected smart contracts for managing internet of things devices," assigned to Trend Micro (JP)
Abstract
A system includes Internet of things (IOT) devices that are paired with corresponding edge computers. Smart contracts are generated for edge computers, and deployed in a blockchain. Upon receipt of a message, a smart contract compares a sender of the message to a designated owner of the smart contract. The smart contract has a privilege checker that allows a message from the owner of the smart contract to initiate execution of a function that modifies a variable of the smart contract, but prevents messages from non-owners from initiating execution of the function.
11,348,352, "Contract lifecycle management," assigned to NB Ventures, Inc.
Abstract
The present invention discloses a method, a system and a computer program product for Contract management. The invention includes optical character recognition for extraction of data attributes from the contracts. The invention further provides AI engine configured for processing a contract creation request through a bot based on analysis of a set of parameters associated with the request.
