Automated Donative Transfer Settlement Platform
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Solution Overview
Problem
Current methods for encouraging donative transfers during contract negotiations or legal disputes often fail to provide a seamless and efficient way to include charitable, governmental, or political organizations as recipients, lacking publicly available information and secure transaction evidence, which can lead to delayed or unsuccessful settlements due to minor differences in proposed prices.
Innovation Solution
A computer-implemented system and method that automates donative transfers by providing negotiating parties with access to publicly available information on charitable, governmental, and political organizations, allowing for electronic donative transfers as part of contract performance, utilizing conditional computer program instructions and modern cryptography, including blockchain for secure transaction evidence.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If parties negotiate settlement amounts manually without automated donative transfer integration, then they can reach agreements on price, but the settlement process is delayed or fails due to minor differences in proposed prices and lack of seamless donative transfer mechanisms
Solution Approach 1:
The patent combines the settlement negotiation process with automated donative transfer functionality into a single integrated system. The settlement platform merges contract negotiation, dispute resolution, and charitable donation execution, allowing parties to simultaneously agree on settlement amounts and automatically execute donative transfers to selected charitable organizations without separate manual processes.
Solution Approach 2:
The system pre-configures donative transfer parameters, charitable organization selections, and automated execution rules before settlement negotiations begin. Parties can pre-select charitable organizations and establish donative transfer conditions in advance, so that when settlement is reached, the donative transfer executes automatically without requiring additional negotiation or manual intervention.
2Reliability
If donative transfers are included in settlement agreements, then parties can resolve disputes more efficiently, but the system lacks publicly available information on charitable organizations and secure transaction evidence
Solution Approach 1:
The settlement platform acts as an intermediary that provides a centralized database of verified charitable organizations with publicly available information, including organization details, tax statuses, and performance metrics. This intermediary system bridges the gap between settling parties and charitable organizations, ensuring transparency and providing secure transaction evidence through automated record-keeping and public verification mechanisms.
Solution Approach 2:
The system implements feedback mechanisms that provide real-time confirmation and public verification of donative transfer transactions. Settlement parties receive automated confirmation of their donative transfers, and the system maintains public records that can be verified by third parties, creating a feedback loop that ensures transparency and builds trust in the transaction process.
3Extent of automation
If manual processes are used for donative transfers, then parties can make charitable contributions, but the process lacks automation and requires separate negotiation and execution steps
Solution Approach 1:
The system enables self-service automated donative transfers where the platform automatically executes charitable contributions based on pre-configured parameters and settlement agreements. Once parties reach a settlement agreement through the platform, the system automatically calculates the donative transfer amount, selects the appropriate charitable organization, and executes the transfer without requiring manual intervention, thereby reducing complexity through automation rather than increasing it.
4Productivity
If parties focus on resolving minor price differences through extended negotiation, then they can maximize settlement value, but the negotiation process becomes too long and costly
Solution Approach 1:
The system implements partial automation where routine aspects of settlement negotiation and donative transfer execution are automated, while allowing parties to focus on substantive negotiation points. The automated system handles calculation, verification, and execution of donative transfers, freeing parties from micromanaging these details and enabling faster finalization of settlements without sacrificing negotiation quality on key issues.
Data Source
AI summary
A system and method of encouraging donative transfers through settlements are disclosed. Example embodiments include establishing, by use of a data processor and a data network, a data connection with a plurality of transaction party platforms involved in settlement of a negotiation or transaction for which completion of performance is necessary for settlement, the performance including completion of a donative transfer of value from one or more of the plurality of transaction party platforms to one or more donees; establishing a data connection between the plurality of transaction party platforms and a central database storing donee information related to available donees; enabling the plurality of transaction party platforms to access the donee information and enabling selection of one or more donees to receive the donative transfer of value; establishing a data connection between the plurality of transaction party platforms and the selected one or more donees to receive the donative transfer of value; effecting the donative transfer of value from the one or more of the plurality of transaction party platforms to the selected one or more donees; and generating evidentiary information as contractual performance evidence verifying completion of contractual or transaction performance.