Smart device
An Internet of Thing (IoT) device includes a camera coupled to a processor; and a wireless transceiver coupled to the processor. Blockchain smart contracts can be used with the device to facilitate secure operation.
1. An Internet of Things (IOT) device, comprising:
a device unit having a blockchain address;
an accelerometer coupled to the unit to detect acceleration;
a wireless transceiver;
a module for forming a smart contract with offer and acceptance terms with another machine; and
a processor to identify the unit in a blockchain with the blockchain address and coupled to the transceiver and the accelerometer, the processor storing tamperproof events on the blockchain and executing terms of the smart contract stored in the blockchain generated by another machine.
2. The device of claim 1 , comprising a blockchain accessed by the processor to store data for the device.
3. The device of claim 1 , comprising a module for forming a contract with another machine.
4. The device of claim 3 , wherein the module receives from another machine a manifestation of intent for a contract and assents to the contract.
5. The device of claim 3 , wherein the module checks an offer for vagueness and clarifies with an offeror.
6. The device of claim 3 , wherein the module accepts from another machine an advertisement with a quantity and recipient, a production contract, an output contract, or a requirement contract.
7. The device of claim 3 , wherein the module revokes or cancels the smart contract upon receiving a revocation from an offeror.
8. The device of claim 3 , wherein the module complies with Uniform Commercial Code.
9. The device of claim 3 , wherein the module sends another machine a seasonal expression of acceptance or a counter-offer.
10. The device of claim 3 , wherein the module separately accepts or rejects a counter-offer if the other machine is not an agent for a merchant.
11. The device of claim 3 , wherein the module assigns the smart contract to another machine.
12. The device of claim 3 , wherein the module performs terms of the smart contract as a unilateral contact with a second machine and then requests payment from the second machine.
13. The device of claim 3 , wherein the module processes an option to extend time.
14. The device of claim 13 , wherein the module processes the option without payment if the other machine is a merchant agent and otherwise receives payment to bind the option.
15. The device of claim 1 , comprising a module to process a real estate transaction or a rental transaction.
16. The device of claim 1 , comprising a module to process a sport event or fitness event.
17. The device of claim 1 , comprising a module to process a health transaction or medical transaction.
18. The device of claim 1 , comprising a module to process data for gaming transfer, gambling transfer, betting transfer, auction transfer, or money transfer.
19. The device of claim 1 , comprising a module to transfer data for Internet of Thing (IOT).