Smart Contract Negotiation via Blockchain Intermediary Agent
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Solution Overview
Problem
Current blockchain technology primarily focuses on recording and verifying transactions, but lacks a seamless mechanism for contract development and negotiation, requiring technical expertise and not facilitating online contract negotiation without such knowledge.
Innovation Solution
A method and device for broadcasting and accepting contract proposals in a telecommunications network using smart contracts, allowing for the generation, signing, and recording of personalized contracts in a blockchain, enabling contract negotiation without requiring expertise in blockchain technology, utilizing a computer agent to assist in drafting and implementing contracts.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain technology is used to record contracts, then contract security and immutability are improved, but the complexity of contract development and negotiation increases due to required technical expertise
Solution Approach 1:
The patent introduces a computer agent as an intermediary between users and the blockchain system. This agent automatically handles the complex tasks of contract generation, signing, and recording on the blockchain, while presenting a simplified user interface. The agent translates user-friendly contract terms into smart contract code and manages all technical interactions with the blockchain network, thereby maintaining security while reducing complexity for end users.
Solution Approach 2:
The system enables self-service contract negotiation through automated smart contracts that execute automatically when conditions are met. The blockchain network itself provides the mechanisms for verification, recording, and enforcement without requiring manual intervention or technical expertise from the users. The automated nature of smart contracts eliminates the need for complex manual contract development while maintaining security through the blockchain's inherent properties.
2Stability of the object's composition
If blockchain technology is used for contract recording, then contract immutability is improved, but ease of operation deteriorates due to lack of user-friendly interface
Solution Approach 1:
The computer agent serves as a mediator that translates complex blockchain operations into simple user interactions. Users can create and negotiate contracts through intuitive interfaces without needing to understand blockchain technology. The agent handles all technical details including smart contract generation, cryptographic signing, and blockchain transactions, making the system as easy to use as traditional contract tools while maintaining blockchain's immutability benefits.
3Ease of operation
If traditional contract negotiation is used, then ease of operation is maintained, but security and immutability deteriorate due to lack of blockchain verification
Solution Approach 1:
The smart contract system provides self-service verification through the blockchain network. Once a contract is recorded on the blockchain, its immutability and security are automatically enforced by the distributed ledger technology. The system automatically verifies contract terms, tracks performance, and ensures enforcement without requiring third-party intermediaries or complex verification processes, thereby maintaining ease of operation while significantly improving security.
Data Source
AI summary
A method is described for negotiating a contract between two parties in a telecommunications network, as well as devices implementing the method. The method includes distributing, by a first party, a smart contract comprising: a subscription method allowing a second party to distribute a transaction for subscribing to the contract proposal, a method for generating a personalised contract between the parties and requesting their registration in the blockchain, the personalised contract being generated on the basis of parameters included in the transaction, executing the subscription method by a terminal of the second party, the execution triggering the distribution of a transaction comprising parameters representing the acceptance of the contract proposal by the second party, and executing, by a mining device, the method for generating a personalised contract with these parameters.