18077482. Authoritative Factual Service for Blockchain Smart Contracts simplified abstract (GOOGLE LLC)
Authoritative Factual Service for Blockchain Smart Contracts
Organization Name
Inventor(s)
Ibrahim Badr of New York NY (US)
Authoritative Factual Service for Blockchain Smart Contracts - A simplified explanation of the abstract
This abstract first appeared for US patent application 18077482 titled 'Authoritative Factual Service for Blockchain Smart Contracts
Simplified Explanation
Systems and methods for trigger event determination involve processing blockchain data to identify a trigger event, then using this data to generate a query to search a database for relevant information, and finally sending a notification to prompt a specific action.
- Processing blockchain data to identify trigger events
- Generating a query based on the trigger event data
- Searching a database recursively for information related to the trigger event
- Sending a notification to prompt a specific action to be taken
Potential Applications
This technology could be applied in various industries such as finance, supply chain management, and healthcare to automate processes based on specific trigger events.
Problems Solved
This technology streamlines the process of identifying trigger events and taking appropriate actions, reducing manual effort and potential errors in decision-making.
Benefits
- Automation of processes based on trigger events
- Improved efficiency in decision-making
- Reduction of manual effort and potential errors
Original Abstract Submitted
Systems and methods for trigger event determination can include processing blockchain data to determine a trigger event. Data associated with the trigger event can be processed to determine a query. The query can then be utilized to recursively search a database for data descriptive of the trigger event occurring. A notification can then be provided to instruct a resulting action to be performed.
