Patent ID: 11893578
Assignee: nan
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 4:
5. A method for one or more online transactions, comprising:
establishing a first digital contract in a natural language format to a second digital contract in a legal format having one or more contractual clauses, the one or more contractual clauses including the one or more contractual preconditions and the one or more offerings;
generating a smart contract that includes one or more computer instructions corresponding to at least one contractual precondition of the one or more contractual preconditions;
generating a cryptographic digital token corresponding to the one or more offerings in the first or second digital contract;
assigning a symbolic monetary value equivalent to a cumulative price of the one or more offerings to the cryptographic digital token generated;
storing timestamped records of the digital contract, the second digital contract, the smart contract, and the cryptographic digital token respectively in a plurality of digital ledgers simultaneously;
executing the smart contract when the at least one contractual precondition is fulfilled by the seller, the buyer, or both the seller and the buyer; and
transferring the cryptographic digital token from a payer digital account of the buyer to a payee digital account of the seller upon execution.