Unknown Organization (20240330860). Smart Contract Integrated Collaborative Crowdwork System and Method simplified abstract

From WikiPatents
Revision as of 11:45, 8 October 2024 by Wikipatents (talk | contribs) (Creating a new page)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Smart Contract Integrated Collaborative Crowdwork System and Method

Organization Name

Unknown Organization

Inventor(s)

David Andrew Bulloch Hyde of Nashville TN (US)

Smart Contract Integrated Collaborative Crowdwork System and Method - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240330860 titled 'Smart Contract Integrated Collaborative Crowdwork System and Method

The abstract of the patent application describes a system and method for performing actions collaboratively and potentially continuously, with actions and rewards defined by a blockchain-based smart contract. Projects define the actions, data, and rewards, which are used to establish the smart contract. Agent computers receive data and interfaces to perform actions, with collaboration tools provided for communication and interaction.

  • Simplified Explanation:

The patent application outlines a system and method for collaborative and continuous action performance using blockchain-based smart contracts. Projects define actions, data, and rewards, with agent computers executing the actions and communicating through collaboration tools.

  • Key Features and Innovation:

- Actions and rewards defined by blockchain-based smart contracts - Projects define actions, data, and rewards - Agent computers receive data and interfaces for action execution - Collaboration tools for communication and interaction

  • Potential Applications:

- Collaborative project management - Continuous action performance in distributed systems - Incentivized task execution in decentralized networks

  • Problems Solved:

- Efficient coordination of collaborative actions - Transparent reward distribution in decentralized environments - Seamless communication between agent computers

  • Benefits:

- Increased efficiency in project execution - Enhanced transparency and trust in reward distribution - Improved collaboration and communication among agent computers

  • Commercial Applications:

"Blockchain-Based Collaborative Action System for Project Management and Task Execution"

  • Questions about the Technology:

1. How does the use of smart contracts enhance collaboration in project management? 2. What are the potential challenges in implementing this system in real-world projects?

  • Frequently Updated Research:

Stay updated on the latest developments in blockchain-based collaboration systems and smart contract technology to leverage advancements in project management and task execution.


Original Abstract Submitted

a system and method are presented for performing actions in a collaborative and potentially continuous manner. the actions and the reward for performing the actions can be defined by a blockchain-based smart contract. a project defines the actions to be performed, the data upon which to act, and reward. the project definition is used to establish the smart contract. multiple agent computers receive data and interfaces sufficient to perform the actions on the data. collaboration tools can be provided through the agent computer systems to allow communications and other interactions between agent computer systems.