- Patent Title: Implementation of payroll smart contract on a distributed ledger
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Application No.: US15588607Application Date: 2017-05-06
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Publication No.: US10657607B2Publication Date: 2020-05-19
- Inventor: Anna Linne
- Applicant: ADP, LLC
- Applicant Address: US NJ Roseland
- Assignee: ADP, LLC
- Current Assignee: ADP, LLC
- Current Assignee Address: US NJ Roseland
- Agency: Yee & Associates, P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; H04L29/06 ; G06Q50/18

Abstract:
A method of increasing security and accessibility of data on a computer using a blockchain. A first smart contract is stored on the blockchain. The blockchain prevents alterations to the first smart contract. The first smart contract contains a redirection clause. The first smart contract contains a second clause to pay first wages to an employee upon receipt of a trigger event. A modification to the first smart contract is stored as a second smart contract on the blockchain prior to executing the instructions to pay the wages. The second smart contract contains a clause to pay second wages to the employee. The blockchain prevents any alterations to the second smart contract. Responsive to a trigger event, the first smart contract is executed, including executing the redirection clause prior to executing the second clause. Thereafter the second smart contract is executed and the second wages are directed be paid.
Public/Granted literature
- US20180322588A1 IMPLEMENTATION OF PAYROLL SMART CONTRACT ON A DISTRIBUTED LEDGER Public/Granted day:2018-11-08
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