Method and system to use a block chain infrastructure and Smart Contracts to monetize data transactions involving changes to data included into a data supply chain.

  • US 20150379510A1
  • Filed: 09/13/2015
  • Published: 12/31/2015
  • Est. Priority Date: 07/10/2012
  • Status: Abandoned Application
First Claim
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1. A method and system for a data producer to utilize a block chain infrastructure to monetize at least one change to a value of at least one data item;

  • wherein said data producer links at least one smart contract to said block chain infrastructure;

    wherein said data producer prepares said at least one change to a value of at least one data item for posting to the ledger of said block chain according to terms and specifications of said smart contract;

    wherein said data producer connects at least one electronic device to said block chain infrastructure in real time;

    wherein a data buyer accesses said at least one smart contract via an electronic device;

    wherein said data buyer endorses terms of said at least one smart contract;

    wherein said system links said prepared data item to at least one data buyer; and

    wherein said endorsement of said smart contract by said data buyer generates encrypted keys to enable said data producer and said data buyer to utilize said block chain infrastructure to exchange said at least one change to a value of at least one data item.

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