Patent ID: 11935048
Assignee: ALIPAY (HANGZHOU) INFORMATION TECHNOLOGY CO., LTD.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G

Claim 11:
12. The system of claim 1, wherein the corresponding smart contract further comprises an order status update function that automatically updates a status of the order in response to determining the status of the order is changed based on order status data uploaded to the corresponding blockchain, and
wherein the status of the order indicates at least one of:
products associated with the order having been prepared or shipped by the seller,
the products having been inspected by a customs office,
the products being transported by at least one logistics provider,
a bill of lading associated with the order having been submitted by the seller on the trading platform,
the submitted bill of lading having been confirmed by the buyer on the trading platform,
an invoice associated with the order having been generated by the blockchain network,
the generated invoice having been confirmed by the buyer,
a consensus having been reached between the buyer and the seller on the order,
an automatic payment having been made by the buyer financial institution,
the automatic payment having been received by the seller, or
the products having been received by the buyer.