SYSTEMS AND METHODS FOR A COMMODITY CONTRACTS MARKET USING A SECURE DISTRIBUTED TRANSACTION LEDGER

摘要

Aspects of the present invention provide systems and methods that solved the problems of how to participate in a marketplace exchange without using a centralized intermediary. In embodiments, a secure distributed transaction ledger may be used as an integration framework that supports communications between parties, the transfer of funds from one party to another party, and the ability to for the provisioning or transfer of deliverables by a seller to a buyer or for the benefit of a buyer. In embodiments, a buyer, a seller, and an escrow entity have defined functions that facilitate transactions and help build in more trust into the marketplace.

主权项

1. A computer-implemented method for a computing device participating as a seller, the method comprising:
connecting to one or more nodes of a distributed peer-to-peer network that maintains a block chain, the block chain comprising a cryptographically linked sets of data blocks; obtaining at least part of the block chain; examining one or more of the data blocks of the block chain for a message relevant to the seller; responsive to identifying a relevant message within a specified time period, executing one or more instructions related to the relevant message; and responsive to not identifying a relevant message within a specified time period:
determining whether any deliverables are ready for their intended recipients; andresponsive to determining that a deliverable is ready for its intended recipient:
sending the deliverable to the intended recipient; andsending a “funds payout request” message to an escrow entity via the block chain, the “funds payout request” message requesting payment of funds for sending the deliverable to the intended recipient according to an agreement.