U.S. Bank National Association (20240330927). SMART CONTRACT GENERATION AND VALIDATION simplified abstract

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SMART CONTRACT GENERATION AND VALIDATION

Organization Name

U.S. Bank National Association

Inventor(s)

AHMED M. Abdelrahman of Dallas TX (US)

SAMUEL Assefa of Watertown MA (US)

SMART CONTRACT GENERATION AND VALIDATION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240330927 titled 'SMART CONTRACT GENERATION AND VALIDATION

The abstract of the patent application describes a method for generating and validating a smart contract. This method involves receiving text input describing the desired operation of a smart contract, processing the text input with a language model to output a smart contract logic description and synthetic data for validation, generating smart contract code using a generative artificial intelligence model, validating the smart contract code with synthetic data to simulate transactions, and deploying the smart contract code on a blockchain upon successful validation.

  • Receiving text input to describe the desired operation of a smart contract
  • Processing text input with a language model to generate a smart contract logic description and synthetic data for validation
  • Generating smart contract code using a generative artificial intelligence model
  • Validating the smart contract code with synthetic data to simulate transactions
  • Deploying the validated smart contract code on a blockchain

Potential Applications: - Automated smart contract generation and validation - Enhanced security and reliability in blockchain transactions - Streamlined development process for smart contracts

Problems Solved: - Complexities in manually writing and validating smart contract code - Ensuring accuracy and security in smart contract transactions - Improving efficiency in deploying smart contracts on a blockchain

Benefits: - Increased efficiency and accuracy in smart contract development - Enhanced security and reliability in blockchain transactions - Streamlined deployment process for smart contracts

Commercial Applications: Smart contract development platforms, blockchain technology companies, financial institutions, legal firms specializing in smart contracts

Questions about smart contract generation and validation: 1. How does the method described in the patent application streamline the process of smart contract development? 2. What are the potential implications of using artificial intelligence models in generating and validating smart contracts?


Original Abstract Submitted

a method for generating and validating a smart contract is disclosed. the method may include receiving text input describing a desired operation of a smart contract and processing the text input with a language model to output a smart contract logic description and synthetic data for validating the smart contract. the method may further include processing the smart contract logic description with a generative artificial intelligence model to generate smart contract code, validating the smart contract code using the synthetic data to simulate transactions with the smart contract, and deploying the smart contract code on a blockchain upon successful validation of the smart contract code.

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