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

Claim 7:
8. One or more non-transitory computer-readable media comprising computer-executable instructions that, when executed by a computing system, cause the computing system to perform a method for one or more online transactions comprising:
establishing a first digital contract in a natural language format based on an encrypted online negotiation between a seller and a buyer, wherein the establishing includes creating the first digital contract by the seller, the buyer, or both the seller and the buyer, 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 converting 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;
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 first 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.