System for smart contract dependent resource transfer
Abstract:
A system, computer program product, and computer-implemented method for smart contract dependent resource transfer are disclosed. The system is configured to establish a smart contract between a first storage location and a second storage location, the smart contract being configured for conditionally transferring resources between the first storage location and the second storage location; monitor the first storage location to determine that a first transfer condition has been met; based on determining that the first transfer condition has been met, automatically transfer a number of resources from the second storage location to the first storage location; determine that a second transfer condition has been met; and automatically transfer the number of resources from the first storage location to the second storage location based on determining that the second transfer condition has been met.
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