UTILIZING A CONTINGENT ACTION TOKEN

Abstract: a method executed by a computing device includes detecting a change of contingency status of a first block of a blockchain of an object distributed ledger. the method further includes determining whether the triggered outcome is valid for a first contingency action token based on the change of contingency status of the first block. when the triggered outcome is valid for the first contingency action token, the method further includes updating the first contingency action token to indicate that the triggered outcome is valid for the first contingency action token to produce an updated first contingency action token. the method further includes adding a new block on the blockchain of the object distributed ledger in accordance with a securely passing process to represent the updated first contingency action token.

Inventor(s): Gary W. Grube

CPC Classification: H04L9/3213 ({using tickets or tokens, e.g. Kerberos (network architectures or network communication protocols for entities authentication using tickets in a packet data network )})

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