View source for 18006191. METHOD OF PROCESSING AGREEMENT TASK simplified abstract (BOE TECHNOLOGY GROUP CO., LTD.)

=METHOD OF PROCESSING AGREEMENT TASK=


==Organization Name==

[[:Category:BOE TECHNOLOGY GROUP CO., LTD.|BOE TECHNOLOGY GROUP CO., LTD.]]


[[Category:BOE TECHNOLOGY GROUP CO., LTD.]]

==Inventor(s)==

[[:Category:Mingyuan Ma of Beijing (CN)|Mingyuan Ma of Beijing (CN)]][[Category:Mingyuan Ma of Beijing (CN)]]

[[:Category:Hongxiang Shen of Beijing (CN)|Hongxiang Shen of Beijing (CN)]][[Category:Hongxiang Shen of Beijing (CN)]]

==METHOD OF PROCESSING AGREEMENT TASK - A simplified explanation of the abstract==


This abstract first appeared for US patent application 18006191 titled 'METHOD OF PROCESSING AGREEMENT TASK

==Simplified Explanation==

The present disclosure describes a method for processing an agreement task in the field of Internet technology. The method involves determining event configuration information, generating an agreement task event, performing legitimacy verification, and on-chaining the event and response data in a blockchain.

* Determining event configuration information:
  - In response to an acquired agreement task request, the method determines a task event model and task event data associated with the request.
  - This information is used to call a target smart contract to generate an agreement task event matching the request.

* Performing legitimacy verification:
  - After acquiring event response data from a target business node for the agreement task event, the method performs a legitimacy verification on the data.
  - If the verification is successful, the agreement task event and event response data are on-chained in a blockchain.

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### Potential Applications of this Technology
This technology could be applied in various industries such as finance, legal, supply chain management, and real estate for automating agreement tasks and ensuring transparency and security in transactions.

### Problems Solved by this Technology
1. Streamlining agreement task processing
2. Enhancing security and transparency in transactions

### Benefits of this Technology
1. Increased efficiency in agreement task processing
2. Improved trust and security in transactions
3. Automation of tasks leading to cost savings

### Potential Commercial Applications of this Technology
#### Optimizing Agreement Task Processing with Blockchain Technology

### Possible Prior Art
There are existing systems for processing agreements and transactions, but the use of blockchain technology for on-chaining agreement task events and response data may be a novel approach.

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#### Unanswered Questions

### How does this technology handle data privacy and confidentiality?
The abstract does not provide details on how data privacy and confidentiality are maintained in the processing of agreement tasks. It would be important to understand the mechanisms in place to protect sensitive information.

### What scalability challenges might arise with the implementation of this technology?
The abstract does not address potential scalability issues that could arise as the volume of agreement tasks increases. It would be beneficial to explore how the system can handle a large number of tasks efficiently.


==Original Abstract Submitted==

The present disclosure provides a method of processing an agreement task, which relates to a field of an Internet technology. The method includes: determining, in response to an acquired agreement task request, a task event model and task event data associated with the agreement task request as an event configuration information; calling a target smart contract associated with the event configuration information, so as to generate an agreement task event matching the agreement task request based on the target smart contract; performing, in response to acquired event response data of a target business node for the agreement task event, a legitimacy verification on the event response data; and on-chaining, in response to the verification being successful, the agreement task event and the event response data in a blockchain.



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