Methods and Apparatus for Generating A Contract-Based Transactions Machine

Abstract

Provided are methods and apparatus for performing a contract-based transaction of a specified number of assets represented in a digital form. In an example, a computer-implemented method can include (i) receiving, at a computing device and from a contract originator user, information describing: (a) commitments for a contract, where the commitments comprise at least a transfer of a specified number of assets represented in a digital form, (b) conditions for a contract, and (c) an additional participant of the contract; (ii) saving, to a contract proposal data structure, information describing: (a) contract data comprising a universally unique transaction reference, (b) a list of participants by public cryptographic key, and (c) a commitment group comprising an expiration date and one or more commitments; and (iii) electronically sending the contract proposal data structure to the additional participant of the contract, wherein the contract proposal data structure is encrypted using public key cryptography.

CPC Classifications