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

Claim 0:
1. A system for one or more online transactions, comprising:
a plurality of interconnected transaction servers, wherein each interconnected transaction server includes a digital ledger;
a first electronic device of a seller in communication with at least one interconnected transaction server of the plurality of interconnected transaction servers via a network;
a second electronic device of a buyer in communication with the at least one interconnected transaction server via the network; and
an online transaction platform provided by the at least one interconnected transaction server to facilitate the one or more online transactions between the seller and the buyer via the network, wherein the at least one interconnected transaction server comprises a processor configured to:
facilitate establishment of a first digital contract in a natural language format based on an encrypted online negotiation between the seller and the buyer on the online transaction platform via the first electronic device and the second electronic device respectively, the first digital contract including one or more contractual preconditions and one or more offerings to be exchanged between the seller and the buyer;
automatically convert the first digital contract in the 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;
generate a smart contract that includes one or more computer instructions corresponding to at least one contractual precondition of the one or more contractual preconditions;
generate a cryptographic digital token corresponding to the one or more offerings in the first or second digital contract;
assign a symbolic monetary value equivalent to a cumulative price of the one or more offerings to the cryptographic digital token generated;
store timestamped records of the first digital contract, the second digital contract, the smart contract, and the cryptographic digital token respectively in the digital ledger of the at least one interconnected transaction server and the plurality of interconnected transaction servers simultaneously; and
execute 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 facilitate an online transfer of the cryptographic digital token from a payer digital wallet of the buyer to a payee digital wallet of the seller.