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Tokens or crypto currency using smart contracts and blockchains

a technology of applied in the field of tokens or crypto currencies using smart contracts and blockchains, can solve the problem that the contract code once deployed cannot be changed, and achieve the effect of convenient production deployment suppor

Active Publication Date: 2019-03-14
MADISETTI VIJAY
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The patent is about a system that allows creation and deployment of scalable blockchain applications that use a large number of smart contracts interacting with each other. The system can be accessed through a cloud-based or blockchain-based billboard architecture and supports various programming models for production deployment. The system also allows for seamless integration of the real-world with the systems of smart contracts and oracles through the use of linked smart contracts. Additionally, it allows users to securely send and receive payments and receive the change into their mobile application wallet.

Problems solved by technology

However, such calls and variable references must be coded in the smart contract and the contract code once deployed cannot be changed.

Method used

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  • Tokens or crypto currency using smart contracts and blockchains
  • Tokens or crypto currency using smart contracts and blockchains
  • Tokens or crypto currency using smart contracts and blockchains

Examples

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Embodiment Construction

[0075]The present invention will now be described more fully hereinafter with reference to the accompanying drawings, in which preferred embodiments of the invention are shown. This invention may, however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein. Rather, these embodiments are provided so that this disclosure will be thorough and complete, and will fully convey the scope of the invention to those skilled in the art. Those of ordinary skill in the art realize that the following descriptions of the embodiments of the present invention are illustrative and are not intended to be limiting in any way. Other embodiments of the present invention will readily suggest themselves to such skilled persons having the benefit of this disclosure. Like numbers refer to like elements throughout.

[0076]Although the following detailed description contains many specifics for the purposes of illustration, anyone of ordinary skill in th...

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Abstract

A method of exchanging value across a blockchain network comprising receiving first and second transaction smart contracts, recording the first transaction smart contract to the second transaction smart contract, and registering global variable names and defining values thereof. The method further comprises receiving a transaction notification and recording the transaction to the second transaction smart contract.

Description

RELATED APPLICATIONS[0001]This application claims the benefit under 35 U.S.C. § 119(e) of U.S. Provisional Patent Application Ser. No. 62 / 557,820 filed on Sep. 13, 2017 and titled Tokens or Crypto Currency for Change Using Smart Contracts and Blockchains, and U.S. Provisional Patent Application Ser. No. 62 / 618,784 filed on Jan. 18, 2018 and titled Additional Features of CoinBank and nCash NCC Tokens, the entire contents of which is herein by reference.FIELD OF THE INVENTION[0002]The present invention relates to systems and methods for improving the linking smart contracts in transactions on a blockchain network.BACKGROUND[0003]Blockchain is a distributed and public ledger which maintains records of all the transactions. A blockchain network is a truly peer-to-peer network and it does not require a trusted central authority or intermediaries to authenticate or to settle the transactions or to control the network infrastructure. Users can interact and transact with the blockchain netw...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): H04L9/32H04L9/06G06Q20/40G06Q40/02
CPCH04L9/3213H04L9/0637G06Q20/401G06Q40/02G06Q2220/00H04L9/3239H04L9/3247H04L2209/56H04L9/50
Inventor MADISETTI, VIJAY K.BAHGA, ARSHDEEP
Owner MADISETTI VIJAY
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