Granted Patent B1

US 10,243,743 · App. 16/127,283 · Granted Mar 26, 2019

Inventors: Vijay K. Madisetti (Johns Creek, GA); Arshdeep Bahga (Chandigarh, IN)

H04L9/3213G06Q20/401G06Q40/02H04L9/0637

Abstract

Claims (123)

1. A method of exchanging value across a blockchain network comprising:

receiving a first transaction smart contract comprising a transaction amount global variable name request and a transaction amount;

recording the first transaction to a second transaction smart contract on a first blockchain network;

registering the first transaction amount global variable name to a global variable name system, defining a transaction amount global variable;

defining a value of the transaction amount global variable responsive to the transaction amount;

receiving a second transaction smart contract comprising a second transaction global variable name request and a second transaction amount;

registering the second transaction global variable name request to the global variable name system, defining a second transaction global variable;

defining a value of the second transaction global variable responsive to the second transaction amount;

receiving a transaction notification comprising the second transaction global variable name and a transaction value;

recording the transaction notification to the second smart contract; and

updating the value of the second transaction global variable responsive to the transaction value.

2. The method of exchanging value of claim 1 wherein updating the value of the second transaction global variable comprises:

publishing the updated value of the second transaction global variable to a first managed topic on a first messaging server; and

transmitting the content published to the managed topic to a first subscriber;

wherein the receipt of the content published to the first managed topic by the first subscriber initiates a smart contract transaction for a first smart contract, the first smart contract being recorded on a first blockchain network.

3. The method of exchanging value of claim 1 wherein registering the transaction amount global variable, registering the second transaction global variable, and registering the registering the second transaction global variable each comprise performing a global variable registration process comprising:

receiving a request for to register a global variable name at a global variable name registrar from a user, defining a new global variable;

defining an owner for the new global variable at a global variable name registry;

defining a resolver for the new global variable at the global variable name registry; and

defining a value of the new global variable.

4. The method of claim 3 further comprising performing an updating procedure to update the value of the new global variable, the updating procedure comprising:

receiving a trigger generated by a smart contract data source on a first messaging server, the trigger comprising an updated value of the new global variable;

publishing the updated value comprised by the trigger to a first managed topic associated with the new global variable on the first messaging server; and

transmitting the updated value comprised by the trigger that is published to the managed topic to a first subscriber;

wherein receipt of the content published to the first managed topic by the first subscriber initiates a smart contract transaction for a first smart contract, the first smart contract being recorded on the first blockchain network.

5. The method of exchanging value of claim 1 further comprising:

receiving a collateral input; and

recording the collateral input to a collateral smart contract on the first blockchain network.

6. The method of claim 5 wherein the collateral input is a collateral token generated by:

receiving a tangible asset collateral deposit;

generating a collateral token associated with the tangible asset collateral deposit; and

transmitting the collateral token.

7. The method of claim 6 wherein the tangible asset is received by a third party and the collateral token is generated by the third party.

8. The method of exchanging value of claim 5 further comprising:

receiving a repayment notification;

recording the repayment notification to the second transaction smart contract;

updating the value of the second transaction global variable; and

recording a collateral release to the collateral smart contract.

9. The method of claim 5 further comprising:

receiving a default notification;

recording the default notification to the second transaction smart contract;

updating the value of the second transaction global variable; and

recording a collateral release to the collateral smart contract directed to the second transaction global variable.

10. The method of claim 5 wherein the collateral input comprises at least one of cryptocurrency or a collateral token.

11. The method of claim 1 further comprising:

receiving an installation payment;

recording an installation payment notification to the second transaction smart contract;

updating the second transaction global variable responsive to a value of the installation payment; and

transferring at least a portion of the value of the installation payment to an entity associated with the second transaction global variable.

12. The method of claim 1 wherein the first transaction smart contract further comprises a loan duration and a loan interest rate, collectively defining borrower conditions, the method further comprising:

registering a loan duration global variable name to the global variable name system, defining a loan duration global variable;

defining a value of the loan duration global variable responsive to the transaction amount;

registering a loan interest rate global variable name to the global variable name system, defining a loan interest rate global variable; and

defining a value of the loan interest rate global variable responsive to the loan interest rate.

13. The method of claim 12 further comprising:

receiving a plurality of lending offers from a plurality of lenders, each lending offer comprising an amount to lend, a loan duration, and expected returns, collectively defining lending pool conditions;

recording the plurality of lending offers, defining a lending pool, to a second transaction smart contract on the first blockchain network, the values of the lending offers of the plurality of lending offers defining lending pool conditions;

determining if the borrower conditions match the lending pool conditions;

matching a lending offer from the second transaction smart contract to the first transaction;

recording a borrower smart contract between the borrower and the second transaction smart contract; and

recording a lender smart contract between the lender associated with the matched lending offer and the second transaction smart contract.

14. The method of claim 12 further comprising:

receiving multiple pluralities of lending offers from a plurality of lenders, each lending offer comprising an amount to lend, a loan duration, and expected returns;

recording each plurality of lending offers, defining a lending pool, to a second transaction smart contract on the first blockchain network, the values of the lending offers of the plurality of lending offers defining lending pool conditions;

recording a plurality of second transaction smart contracts to a pool of pools smart contract on the first blockchain network;

determining if the borrower conditions match the lending pool conditions of any of the plurality of second transaction smart contracts comprised by the pool of pools smart contract;

matching a lending offer from the pool of pools smart contract to the first transaction;

recording a borrower smart contract between the borrower and the pool of pools smart contract;

recording a pool-to-pool smart contract between the pool of pools smart contract and the second transaction smart contract; and

recording a lender smart contract between the lender associated with the matched lending offer and the second transaction smart contract.

15. The method of claim 1 further comprising:

receiving borrower identity information associated with a borrower;

receiving a borrower credit rating; and

recording the borrower credit rating to a credit rating and reputation smart contract on the first blockchain network.

16. A method of exchanging value across a blockchain network comprising:

receiving a first transaction smart contract comprising a transaction amount global variable name request and a transaction amount;

recording the first transaction to a second transaction smart contract on a first blockchain network;

registering the first transaction amount global variable name to a global variable name system, defining a transaction amount global variable;

defining a value of the transaction amount global variable responsive to the transaction amount;

receiving a second transaction smart contract comprising a second transaction global variable name request and a second transaction amount;

registering the second transaction global variable name request to the global variable name system, defining a second transaction global variable;

defining a value of the second transaction global variable responsive to the second transaction amount;

receiving a transaction notification comprising the second transaction global variable name and a transaction value;

receiving a transaction notification;

recording the transaction notification to the second transaction smart contract;

updating a value of the second transaction global variable responsive to the transaction notification comprising the steps of:

publishing the updated value of the second transaction global variable to a first managed topic on a first messaging server; and

transmitting the content published to the managed topic to a first subscriber; and

transferring at least a portion of the value of the transaction notification to an entity associated with the second transaction global variable;

wherein the receipt of the content published to the first managed topic by the first subscriber initiates a smart contract transaction for a first smart contract, the first smart contract being recorded on a first blockchain network.

17. The method of claim 16 wherein the first transaction further comprises a loan duration and a loan interest rate, the method further comprising:

registering a loan duration global variable name to the global variable name system, defining a loan duration global variable;

defining a value of the loan duration global variable responsive to the transaction amount;

registering a loan interest rate global variable name to the global variable name system, defining a loan interest rate global variable; and

defining a value of the loan interest rate global variable responsive to the loan interest rate.

18. The method of claim 17 wherein the first transaction further comprises a loan duration and a loan interest rate, collectively defining borrower conditions, the method further comprising:

receiving a plurality of lending offers from a plurality of lenders, each lending offer comprising an amount to lend, a loan duration, and expected returns, collectively defining lending pool conditions;

recording the plurality of lending offers, defining a lending pool, to a second transaction smart contract on the first blockchain network, the values of the lending offers of the plurality of lending offers defining lending pool conditions;

determining if the borrower conditions match the lending pool conditions;

matching a lending offer from the second transaction smart contract to the first transaction;

recording a borrower smart contract between the borrower and the second transaction smart contract; and

recording a lender smart contract between the lender associated with the matched lending offer and the second transaction smart contract.

19. The method of claim 17 wherein the first transaction further comprises a loan duration and a loan interest rate, collectively borrower conditions, the method further comprising:

receiving multiple pluralities of lending offers from a plurality of lenders, each lending offer comprising an amount to lend, a loan duration, and expected returns;

recording each plurality of lending offers, defining a lending pool, to a second transaction smart contract on the first blockchain network, the values of the lending offers of the plurality of lending offers defining lending pool conditions;

recording a plurality of second transaction smart contracts to a pool of pools smart contract on the first blockchain network;

determining if the borrower conditions match the lending pool conditions of any of the plurality of second transaction smart contracts comprised by the pool of pools smart contract;

matching a lending offer from the pool of pools smart contract to the first transaction;

recording a borrower smart contract between the borrower and the pool of pools smart contract;

recording a pool-to-pool smart contract between the pool of pools smart contract and the second transaction smart contract; and

recording a lender smart contract between the lender associated with the matched lending offer and the second transaction smart contract.

20. A system for exchanging value across a blockchain network comprising:

a processor;

a data store positioned in communication with the processor; and

a network communication device positioned in communication with each of the processor, the data store, and a network;

wherein the network communication device is operable to receive a first transaction smart contract comprising a transaction amount global variable name request and a transaction amount;

wherein the processor is operable to record the first transaction to a second transaction smart contract on a first blockchain network;

wherein the processor is operable to register the first transaction amount global variable name to a global variable name system, defining a transaction amount global variable;

wherein the network communication device is operable to receive a second transaction smart contract comprising a second transaction global variable name request and a second transaction amount;

wherein the processor is operable to register the second transaction global variable name request to the global variable name system, defining a second transaction global variable;

wherein the network communication device is operable to receive a transaction notification comprising the second transaction global variable name and a transaction value;

wherein the processor is operable to record the transaction notification to the second transaction smart contract; and

wherein the processor is operable to update a value of the second transaction global variable responsive to the transaction value.

Assignments (3)

Continuity (2)

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