Smart contracts (blockchains, distributed ledgers) and rights management broadly construed are the themes of today's Spotlight Applications. A 3fer today. Assigned to Spangernberg et al., the first application discloses techniques for applying Ricardian contract principles to agreements. Assigned to B.G. Negav Technologies and Applications Ltd., the second application discloses techniques for fast, post-quantum blockchain concensus generation and smart contracts execution. Assigned to Virtual Hold Technology Solutions, LLC, the third patent application discloses techniques for callback management utilizing smart callbacks.
20230186418, “System and method for applying Ricardian contract principles to agreements,” assigned to Spangenberg et al.
The present invention is a system and method that applies Ricardian Contract Principles to agreements. Ricardian contracts are designed for the hyper ledger, and are comprised of three main components: contract, metadata, and ledger. The present invention collects data from a confidentiality agreement, and can draft the agreement to ensure high accuracy in data extraction. Contract terms can be organized in a hierarchy of importance that ranks contract statement in the general order, such as: obligations; restrictions; rights; and conditional statements. The present invention tracks episodic and conditional terms, such as a monthly payment or a disclosure requiring notification. The present invention connects agreement terms to an immutable contract ledger. A ledger of contract statements associated with the events or circumstances triggering such contract obligations, restrictions, and rights processed by an immutable historical log recording all events.
20230186293, “System and method for fast, post-quantum blockchain concensus generation and smart contracts execution,” assigned to B.G. Negev Technologies and Applications Ltd.
A system for performing real-time quantum-safe computation of a digital transaction using in a blockchain consensus protocol, comprising a plurality of permissioned verification servers being a plurality of distributed participants that are adapted to create common randomization to all of said participants which remains unrevealed until being used by said participants, by assigning to each participant a unique polynomial having a maximal degree being common to all participants; allowing each participant to select a random value; allowing each participant to send his selected random value to all other participants using a secret sharing scheme based on points on his unique polynomial, such that said secret hides the details of said selected random value and all other participants that receive shares of said selected random value will not be able to reconstruct said selected random value from the received shares; create a pool of all shares of all participants; build a quantum-safe consensus of honest participants, in rounds, by sharing symmetric keys between participants before a consensus round and recovering said keys after each consensus round; during each round, generate common random coins for which a consensus has been obtained, from shares belonging to at least one honest participant in said round, and locking new created coins by a quantum-safe asynchronous Byzantine Fault Tolerance (a BFT)-based blockchain consensus protocol, while the consensus itself provides the consensus ability on transactions in Block(s) for said a BFT protocol; at the end of each round, validate said transaction using the locked common random coin and revealing the secret to all participants.
20230188647, “System and method for callback management utilizing smart callbacks,” assigned to Virtual Hold Technology Solutions, LLC
A system and method for callback management, utilizing a callback cloud, a digital ledger, and smart callback contracts, brokering user to user communications and session establishment using an automated workflow built upon extensible root smart contract templates which can be configured to connect various users and brands. The system may comprise callback cloud, that may further comprise a callback manager, a brand interface server, an interaction manager, a media server, one or more blockchain digital ledgers, and various smart contracts which are used to autonomously respond to received user requests.