Systems And Methods For Autonomous Device Transacting

  • Published: May 11, 2017
  • Earliest Priority: Nov 06 2015
  • Family: 5
  • Cited Works: 0
  • Cited by: 9
  • Cites: 0
  • Additional Info: Full text
Abstract

A system and method for facilitating microtransaction involving an autonomous transacting device includes generating a plurality of key pairs and sharing a key of each of the plurality of key pairs with the transacting entity; establishing an escrow at the blockchain and providing the plurality of key pairs to the blockchain; exchanging one or more of the key pairs using a sidechain; requesting a release or a refund of funds from the escrow; and presenting one or more exchange key pairs to the blockchain thereby establishing a percent completion of the sidechain.


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Document History
  • Publication: May 11, 2017
  • Application: Nov 7, 2016
    US US 201615345424 A
  • Priority: Nov 7, 2016
    US US 201615345424 A
  • Priority: Nov 6, 2015
    US US 201562252306 P

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