Systems and methods for autonomous device transacting

Abstract

A system and method for facilitating a transaction involving an autonomous device includes: receiving a transaction request from the initiating party; generating an addendum based on the transaction request; validating the one or more requests in the addendum by referencing the one or more claims in the exhibit; digitally signing the addendum by the autonomous transacting device with a cryptographic key and by the initiating transacting device with a cryptocurrency key; verifying a value of the cryptocurrency key; and performing the one or more requests of the transaction request based on the digitally signed addendum and once the value of the cryptocurrency key is verified.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application claims the benefit of U.S. Provisional Application No. 62 / 252,306, filed 6 Nov. 2015, which is incorporated in its entirety by this reference.TECHNICAL FIELD[0002]The inventions of the present application relate generally to the electronic connectivity and communications fields, and more specifically to improved systems and methods for implementing secure and private communications between devices.BACKGROUND[0003]In many centralized systems, many devices across great and small distances can achieve heightened levels of connectivity and interaction without being physically connected to each other and thus, are able to connect and communicate with one another wirelessly. These centralized systems for connecting these devices, however, are accompanied with several disadvantages that limit connectivity in remote locations, limit the autonomy of the devices operating in the centralized systems, and therefore, do not allow for ...

AI Technical Summary

Benefits of technology

The patent text describes a system and method for creating a secure and private environment for interactivity between devices. The technical effects of this invention include improved connectivity and communication between devices, increased autonomy and privacy of devices, and enhanced levels and quality of connectivity achievable with such networks and devices. The invention also addresses the need for a new and useful system and method for implementing an environment for interactivity of autonomous devices without or independent of a central authority for governing interaction there between. The invention uses a set of protocols called Distributed Sentient Transactions (DIST) to provide a minimum set of requirements necessary to realize autonomous, decentralized devices. The invention also ensures security and privacy by guaranteeing the identity of a device and the information transmitted by and between devices are what the device(s) states it is, without tampering, interference, and modification within transit, at the time of transmission and / or receipt.

Problems solved by technology

These centralized systems for connecting these devices, however, are accompanied with several disadvantages that limit connectivity in remote locations, limit the autonomy of the devices operating in the centralized systems, and therefore, do not allow for optimal connectivity, autonomous transacting, and communications between and through the devices.

While the ability to build connectivity between devices like these is novel, there is a possibility that it may not realize the full potential of digitally connecting the physical world of things together.

When a device can only connect with similarly-manufactured devices, and each of them can only connect with their manufacturer-approved cloud service, and thus, the vast majority of value that the device could have provided over its lifetime is severely hindered since it is strictly tied to a cloud-based interaction platform.

It can be a very risky proposition to continue to give central authority, whether a nation state or a corporation, the reach and control capable of this new type of connected device.

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