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 an address;
an accelerometer coupled to the unit to detect acceleration;
a wireless transceiver; and
a processor to identify the unit in a distributed ledger with the address and coupled to the transceiver and the accelerometer, the processor storing tamperproof events on the distributed ledger and executing terms of a smart contract in the ledger generated by another machine using a module for forming a contract with the other machine when the module receives from the other machine a manifestation of intent to contract and responds with an assent to accept the contract.
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 , wherein the assent to accept the contract is issued after resolving zero or more ambiguity.
4. The device of claim 1 , comprising a module to process a real estate transaction, a rental transaction, a sport event, a fitness event, a health transaction, a medical transaction, an insurance transaction, a gaming transaction, a gambling transaction, a betting transaction, an auction transaction, or a money transfer transaction.
5. The device of claim 1 , wherein the module processes a smart contract option without payment if the other machine is a merchant agent and otherwise makes a payment to bind the smart contract option.
6. The device of claim 1 , comprising a module to transfer data for Internet of Thing (IOT).
7. The device of claim 1 , comprising one machine ordering goods or services from another machine using the smart contract.
8. The device of claim 1 , wherein the smart contract makes a royalty payment.
9. The device of claim 1 , wherein one machine delegates to another machine, or assigns the contract to another machine.
10. The device of claim 1 , wherein the processor comprises a bona fide purchaser (BFP) machine.
11. The device of claim 1 , wherein the processor performs tasks on behalf of a smart contract beneficiary machine selected from the following: a creditor beneficiary machine, a donee beneficiary machine, an intended beneficiary machine, or an incidental beneficiary machine.
12. The device of claim 1 , wherein the processor records the smart contract as a security interest.
13. The device of claim 1 , wherein the processor looks up a blockchain title prior to payment to check against multiple security interests, a transferal of a collateral, or a bankruptcy.
14. The device of claim 1 , wherein the processor records a purchase money security interest (PMSI) prior to or contemporaneous with payment.
15. The device of claim 1 , wherein the smart contract protects the body from unexpected damage or events by restoring the body to a predetermined condition after damage.
16. The device of claim 1 , wherein the smart contract protects against unexpected damage or events through future offering, hedging or trading.
17. The device of claim 1 , wherein the smart contract protects against unexpected damage or events with a smart future.
18. The device of claim 1 , wherein the smart contract provides identity for a person.
19. The device of claim 1 , wherein the processor deposits or withdrawals from a rotating credit association (RCA) or a micro-lending network.
20. The device of claim 1 , wherein the smart contract updates a credit database after a transaction.