Invention Grant
- Patent Title: System for smart contract dependent resource transfer
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Application No.: US16268062Application Date: 2019-02-05
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Publication No.: US10963173B2Publication Date: 2021-03-30
- Inventor: Katherine Dintenfass
- Applicant: BANK OF AMERICA CORPORATION
- Applicant Address: US NC Charlotte
- Assignee: BANK OF AMERICA CORPORATION
- Current Assignee: BANK OF AMERICA CORPORATION
- Current Assignee Address: US NC Charlotte
- Agency: Moore & Van Allen PLLC
- Agent Michael A. Springs; R. W. McCord Rayburn
- Main IPC: G06F12/00
- IPC: G06F12/00 ; G06F13/00 ; G06F13/28 ; G06F3/06 ; G06F13/16 ; G06F9/50

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.
Public/Granted literature
- US20200249853A1 SYSTEM FOR SMART CONTRACT DEPENDENT RESOURCE TRANSFER Public/Granted day:2020-08-06
Information query