PATENT CLAIM ANALYSIS

Application Number: 16078605
Application Type: Utility
Filing Date: 2018-08
Publication Date: 2019-02
Patent Classification: ["705", "069000"]

Abstract:
The invention relates to the fields of tokenisation, blockchain and smart contract technologies. It provides a technical arrangement which simplifies the automated management of contracts. The invention comprises a method and system which use a computer-based repository for storage of the contract. The contract is then represented by a transaction on the blockchain. Metadata within the transaction's script includes a hash of the contract and a means of identifying its location within the repository. The transaction also includes an unspent output (UTXO) which indicates its status as an open (ie not terminated) contract. The contract is terminated by spending the output at a later point in time, for example, using n Lock Time+Check Lock Time Verify (CLTV). By combining this concept with other techniques and computing components, the invention can provide a powerful mechanism for implementing various tasks such as renewing or rolling over the contract, or dividing it into sub-contracts or conditions. Furthermore, as the status and existence of the contract is evidence via the blockchain, this provides a permanent, publicly visible and non-alterable record of the contract.

Claim (Index 5):
A method according to  claim 1 , wherein the contract defines:\n i) at least one condition; and ii) at least one action whose performance is dependent upon the evaluation of the condition.

Metadata:
- Claim Count in Document: 29.0
- Percentile: 96.0
- Lexical Diversity: 1.8125
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: True
- Related Applications: ['16101452', '16300929', '15200756', '15397576', '15296953']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1255202054002088
- 35 USC 102 Novelty (BERT): 0.5302146662268545
- Combined Prediction Score: 0.1659896514828734
- Mean Citation Score: 261.76902400000006
- Max Citation Score: 320.24362
- Similarity Product: 208.7104468853879

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test