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Patent drawing for System and method for semantic representation and execution of agreements on a distributed ledger
US 11,393,024 B1
Business & commerce US 11,393,024 B1 Not in force

System and method for semantic representation and execution of agreements on a distributed ledger

This system helps manage financial derivatives contracts by automatically turning their terms into a structured data map, called a knowledge graph. This map is then stored on a blockchain. It uses artificial intelligence to analyze the contract's rules and can automatically trigger actions, like moving collateral, when specific financial market events happen.

Why it matters: Filed before large language models could effectively parse and rationalize complex legal text. The AI components for understanding and automating financial agreements are now significantly more powerful and accessible.

Status
Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build
SpecializedAI, blockchain, and complex software logic.

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