Smart device

Patent metadata

Field	Value
Publication number	US-10022613-B2
Application number	US-201715594311-A
Country	US
Kind code	B2
Filing date	May 12, 2017
Priority date	May 2, 2016
Publication date	Jul 17, 2018
Grant date	Jul 17, 2018

Abstract

An Internet of Thing (IoT) device includes a camera coupled to a processor; and a wireless transceiver coupled to the processor. Blockchain smart contracts can be used with the device to facilitate secure operation.

First claim

What is claimed is:

1. An Internet of Things (IOT) device, comprising:
a device unit having an address;
an accelerometer coupled to the unit to detect acceleration;
a wireless transceiver; and
a processor to identify the unit in a distributed ledger with the address and coupled to the transceiver and the accelerometer, the processor storing tamperproof events on the distributed ledger and executing terms of a smart contract in the ledger generated by another machine using a module for forming a contract with the other machine when the module receives from the other machine a manifestation of intent to contract and responds with an assent to accept the contract.

2. The device of claim 1 , comprising a blockchain accessed by the processor to store data for the device.

3. The device of claim 1 , wherein the assent to accept the contract is issued after resolving zero or more ambiguity.

4. The device of claim 1 , comprising a module to process a real estate transaction, a rental transaction, a sport event, a fitness event, a health transaction, a medical transaction, an insurance transaction, a gaming transaction, a gambling transaction, a betting transaction, an auction transaction, or a money transfer transaction.

5. The device of claim 1 , wherein the module processes a smart contract option without payment if the other machine is a merchant agent and otherwise makes a payment to bind the smart contract option.

6. The device of claim 1 , comprising a module to transfer data for Internet of Thing (IOT).

7. The device of claim 1 , comprising one machine ordering goods or services from another machine using the smart contract.

8. The device of claim 1 , wherein the smart contract makes a royalty payment.

9. The device of claim 1 , wherein one machine delegates to another machine, or assigns the contract to another machine.

10. The device of claim 1 , wherein the processor comprises a bona fide purchaser (BFP) machine.

11. The device of claim 1 , wherein the processor performs tasks on behalf of a smart contract beneficiary machine selected from the following: a creditor beneficiary machine, a donee beneficiary machine, an intended beneficiary machine, or an incidental beneficiary machine.

12. The device of claim 1 , wherein the processor records the smart contract as a security interest.

13. The device of claim 1 , wherein the processor looks up a blockchain title prior to payment to check against multiple security interests, a transferal of a collateral, or a bankruptcy.

14. The device of claim 1 , wherein the processor records a purchase money security interest (PMSI) prior to or contemporaneous with payment.

15. The device of claim 1 , wherein the smart contract protects the body from unexpected damage or events by restoring the body to a predetermined condition after damage.

16. The device of claim 1 , wherein the smart contract protects against unexpected damage or events through future offering, hedging or trading.

17. The device of claim 1 , wherein the smart contract protects against unexpected damage or events with a smart future.

18. The device of claim 1 , wherein the smart contract provides identity for a person.

19. The device of claim 1 , wherein the processor deposits or withdrawals from a rotating credit association (RCA) or a micro-lending network.

20. The device of claim 1 , wherein the smart contract updates a credit database after a transaction.

Assignees

• Tran Bao

Inventors

• Tran Bao
• Tran Ha

Classifications

• G06F3/015

  Input arrangements based on nervous system activity detection, e.g. brain waves [EEG] detection, electromyograms [EMG] detection, electrodermal response detection · CPC title

• G06F3/011

  Arrangements for interaction with the human body, e.g. for user immersion in virtual reality (blind teaching G09B21/00) · CPC title

• G06F1/163

  Wearable computers, e.g. on a belt · CPC title

• G06F3/0304

  Detection arrangements using opto-electronic means (constructional details of pointing devices not related to the detection arrangement using opto-electronic means G06F3/033; optical digitisers G06F3/042) · CPC title

• A61B2503/10

  Athletes · CPC title