Smart contracts (blockchains, distributed ledgers) and rights management broadly construed are the themes of today's Spotlight Applications. Assigned to GridPlus, the first application discloses techniques for secure conditional transfer of cryptographic data allows transfer of cryptographically-based data from one party to another while mitigating failure of a counterparty to perform. Assigned to MR Innovations, the second application discloses an automated computerized trading system wherein a decentralized autonomous organization (DAO) includes a wallet having blockchain-based, smart-contract controlled cryptoassets associated with a commodity.
20230155839, “Peer-to-peer secure conditional transfer of cryptographic data,” assigned to GridPlus, Inc.
Abstract
Secure conditional transfer of cryptographic data allows transfer of cryptographically-based data from one party to another while mitigating failure of a counterparty to perform. A first party uses a first device to send a proposal to a second party's device. If the proposal is accepted, it is signed by the second device. A secure channel is established between the devices that also attests to their compliance during processing. Transaction identifiers associated with the proposal and other information are exchanged. Once exchanged, the first device creates and sends first transfer data (that may be signed) to the second device. The second device receives and determines the first transfer data is valid. In response, the second device creates and sends second transfer data (that may be signed) to the first device. If a communication or other failure prevents reciprocation by the second party, others may verify the transaction and confirm the failure.
20230153799, “Computerized trading system for asset-based, smart-contract tokens including automated decentralized autonomous organization token and asset transfer,” assigned to MRInnovations LLC
Abstract
An automated computerized trading system is provided wherein a decentralized autonomous organization (DAO) includes a wallet having blockchain-based, smart-contract controlled cryptoassets associated with a commodity. The DAO receives data infeed from Application Programming Interfaces (APIs) from the blockchain to obtain cryptoasset price data and from an exchange to obtain commodity price data. The DAO stores commodity price and cryptoasset price spread targets and automatically initiates trading activity based on the price spread targets. A governance smart contract automatically distributes governance cryptoassets to public wallets that have contributed the crytpoassets to the DAO wallet.
