Method and System for Monitoring a Smart Contract on a Distributed Ledger
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United States of America
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Jun 26, 2018
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Jun 26, 2018
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Abstract
The invention relates to a system and method for creating and managing smart contracts on a blockchain. More specifically, the invention relates to a method and system that provides a set of tools for users to create, monitor, manage, modify, terminate, trigger disputes, communicate with contracting parties, and if necessary resolve a dispute over a smart contract. Additionally, the invention provides a server that monitors activity on a distributed ledger and reports it to interested parties so that they can take appropriate action such as authorize, freeze, dispute, ro communicate regarding the smart contract.
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