AU2018100149A4 - Abcde - Google Patents
Abcde Download PDFInfo
- Publication number
- AU2018100149A4 AU2018100149A4 AU2018100149A AU2018100149A AU2018100149A4 AU 2018100149 A4 AU2018100149 A4 AU 2018100149A4 AU 2018100149 A AU2018100149 A AU 2018100149A AU 2018100149 A AU2018100149 A AU 2018100149A AU 2018100149 A4 AU2018100149 A4 AU 2018100149A4
- Authority
- AU
- Australia
- Prior art keywords
- contract
- hash
- parties
- blockchain
- smart contract
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
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Classifications
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/32—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols including means for verifying the identity or authority of a user of the system or for message authentication, e.g. authorization, entity authentication, data integrity or data verification, non-repudiation, key authentication or verification of credentials
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- H—ELECTRICITY
- H04—ELECTRIC COMMUNICATION TECHNIQUE
- H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
- H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
- H04L9/50—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols using hash chains, e.g. blockchains or hash trees
Landscapes
- Engineering & Computer Science (AREA)
- Computer Security & Cryptography (AREA)
- Computer Networks & Wireless Communication (AREA)
- Signal Processing (AREA)
- Management, Administration, Business Operations System, And Electronic Commerce (AREA)
Abstract
Abstract Storing the hash of an agreed form of contract on the blockchain in a private format only the parties can access. The contract itself will be stored on an online repository accessible to anyone in possession of the login credentials. Any person in possession of the credentials for the relevant online repository, the hash and the original contract can verify that the hash is a representation of the original document. The contract document will be stored privately with controlled access (e.g. on an online repository) while the hash is stored within a smart contract on the Ethereum (or similar) blockchain. This allows anyone to take the original document that's on the github repo to reproduce the hash to verify that what has been put onto the chain represents the original document with non-repudiation; Agreement to the terms of the contract by parties who do so by utilising their wallets - the use of wallets means that the signing of the contract is traced to the parties; and The parties use their public key to publicly declare who they are in the smart contract, and use an open source Ethereum (or similar) wallet such as MEW (or similar) to send a transaction to the smart contract, including the hash they wish to agree to and a message that includes their name, the date and their intention to sign the contract. The smart contract verifies both the document hashes and that they are a signatory to the hash. The smart contract then emits an event to the blockchain as well as stores the state within the contract. This process holds true under the assumption that the private keys of the participants (and their encryption passwords) remain secret.
Description
Description
Since the invention of Contract Law by the common law courts, parties have negotiated written contracts as a way to avoid disputation over their bargain. The advent of word processing has aided drafting and negotiations of contracts such that contracts are regularly reduced to writing in very detailed form. Certain requirements exist for the execution of contracts such that they must follow a process for risk not being legally binding. Redenbach Lee has developed a way to both satisfy the very particular legal requirements that exist in various justifications, commonly those pertaining to the execution of deeds, by use of the Auditable Blockchain Contract Documentation Execution System (ABCDE). Byu reason of the fusion of the usual standard way of the negotiating and preparing executable versions of the contract, together with the latest Blockchain technology based on the Ethereum (or similar) platform Redenbach Lee has created an impervious system of auditing the execution of contract in such a way as has never been created in commercial use or production before. The system which is described below in the Abstract has the potential to revolutionise and streamline existing systems and methods by: 1. Creating a verifiable, auditable system of contract management and execution; 2. Facilitating the execution of contracts to occur in a secure and encrypted Blockchain Environment; 3. Enable large-scale contracts to be executed regardless of each parties’ location.
Claims (1)
- Claim ABODE is a decentralised, Ethereum (or similar) blockchain-based, smart-contract execution medium that allows parties to securely verify and execute agreements.
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2018100149A AU2018100149A4 (en) | 2018-02-02 | 2018-02-02 | Abcde |
Applications Claiming Priority (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2018100149A AU2018100149A4 (en) | 2018-02-02 | 2018-02-02 | Abcde |
Publications (1)
Publication Number | Publication Date |
---|---|
AU2018100149A4 true AU2018100149A4 (en) | 2018-03-08 |
Family
ID=61512117
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
AU2018100149A Active AU2018100149A4 (en) | 2018-02-02 | 2018-02-02 | Abcde |
Country Status (1)
Country | Link |
---|---|
AU (1) | AU2018100149A4 (en) |
Cited By (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
CN112997446A (en) * | 2018-11-13 | 2021-06-18 | 社理透高头 | Contract terminal and contract signing method using block chain mode of position information |
US11138590B2 (en) | 2017-12-11 | 2021-10-05 | Titan Seal, Inc. | Apparatus and method for embedding digital certifications within documents |
CN113497823A (en) * | 2020-07-06 | 2021-10-12 | 国网青海省电力公司 | Labor service subpackage personnel management system based on block chain |
CN114465887A (en) * | 2021-12-23 | 2022-05-10 | 杭州溪塔科技有限公司 | Method and device for block chain configuration management based on git |
EP4311156A1 (en) * | 2022-07-18 | 2024-01-24 | Wei Yeh | Device and method for securing and verifying business data via a blockchain system |
-
2018
- 2018-02-02 AU AU2018100149A patent/AU2018100149A4/en active Active
Cited By (7)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US11138590B2 (en) | 2017-12-11 | 2021-10-05 | Titan Seal, Inc. | Apparatus and method for embedding digital certifications within documents |
CN112997446A (en) * | 2018-11-13 | 2021-06-18 | 社理透高头 | Contract terminal and contract signing method using block chain mode of position information |
CN113497823A (en) * | 2020-07-06 | 2021-10-12 | 国网青海省电力公司 | Labor service subpackage personnel management system based on block chain |
CN113497823B (en) * | 2020-07-06 | 2023-01-10 | 国网青海省电力公司 | Labor service subcontracting personnel management system based on block chain |
CN114465887A (en) * | 2021-12-23 | 2022-05-10 | 杭州溪塔科技有限公司 | Method and device for block chain configuration management based on git |
CN114465887B (en) * | 2021-12-23 | 2024-01-23 | 杭州溪塔科技有限公司 | Block chain configuration management method and device based on git |
EP4311156A1 (en) * | 2022-07-18 | 2024-01-24 | Wei Yeh | Device and method for securing and verifying business data via a blockchain system |
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Legal Events
Date | Code | Title | Description |
---|---|---|---|
FGI | Letters patent sealed or granted (innovation patent) | ||
DA2 | Applications for amendment section 104 |
Free format text: THE NATURE OF THE AMENDMENT IS: AMEND THE PATENTEE TO KEITH STEWART ALISTAIR REDENBACH |
|
HB | Alteration of name in register |
Owner name: REDENBACH, K. Free format text: FORMER NAME(S): REDENBACH LEE LAWYERS PTY LTD |