Creating a smart contract on a blockchain ledger

This invention describes a system for managing product pre-orders using a smart contract on a public blockchain. A seller can launch a campaign with a minimum order quantity, and buyers commit to purchases. Once enough buyers collectively meet the minimum quantity, the seller is instructed to manufacture and distribute the product.

Why it matters: Filed before widespread adoption of Layer 2 solutions. Lower transaction costs and improved developer tooling make blockchain-based systems more practical now.

Status: ExpiredProtection ended and was never renewed
How hard to build: SpecializedSoftware logic, blockchain, smart contract development

3 AI reinvention directions for this patent

See all three

AI gives you a few directions you could take this. Pick one, and we check whether your version is different enough to patent, then write the filing.

Reinvent this with AI

Where this one came from

Every morning we go through millions of abandoned patents and pick out 15 worth your time. This was one of today’s.

This one

+10