Smart Contract Generation from Text via Intermediary Server
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Solution Overview
Problem
Current blockchain technology lacks an efficient interface for generating and deploying smart contracts from text documents and does not provide tools for intelligent, automatic execution based on digital event triggers.
Innovation Solution
A system and method that includes a graphical user interface and a backend code library allowing users to generate and deploy smart contracts, with automatic execution based on digital event triggers, using a network node to render a GUI with contract and document components, generate assembled contract text, retrieve executable codes, and deploy smart contract blocks to the blockchain, executing them upon trigger detection.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of manufacture
If conventional blockchain technology is used to store smart contracts, then data integrity is guaranteed through cryptographic hashing and distributed storage, but the system lacks an efficient interface for generating and deploying smart contracts from text documents
Solution Approach 1:
The patent introduces an intermediary application server that mediates between users and the blockchain network. This server provides a graphical user interface and backend code library that enables users to generate smart contracts from text documents without directly interacting with the complex blockchain infrastructure. The intermediary translates user-friendly text inputs into executable smart contract code and handles deployment to the blockchain network.
Solution Approach 2:
The system implements self-service capabilities through automated smart contract generation from text documents. The application server automatically parses text documents, generates corresponding smart contract code, and deploys it to the blockchain without requiring manual coding or complex configuration by users. This self-service approach simplifies the contract creation process while maintaining system security and integrity.
2Extent of automation
If smart contracts are stored as text documents in the blockchain, then human readability is maintained, but automatic and intelligent execution based on digital event triggers cannot be achieved
Solution Approach 1:
The patent segments the smart contract system into distinct components: text document representation for human readability and executable code representation for machine execution. The application server maintains both representations and can switch between them based on operational needs. This segmentation allows the system to preserve human-readable text documents while simultaneously enabling automatic execution through compiled executable code.
Solution Approach 2:
The system changes the parameter state of smart contracts from static text documents to dynamic executable code with digital event trigger capabilities. The application server compiles text documents into executable smart contract code that can automatically detect and respond to digital events on the blockchain network, transforming the contract from a passive storage format to an active execution format.
3Ease of operation
If a graphical user interface is provided for smart contract generation, then user accessibility is improved, but the complexity of the system architecture increases
Solution Approach 1:
The application server implements a universal interface that handles multiple functions: displaying text documents, generating smart contract code, deploying contracts to the blockchain, and managing digital event triggers. This multi-functional design consolidates what could be separate complex systems into a single unified platform, improving ease of operation while containing overall system complexity through functional integration.
Data Source
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AI summary
There is provided a method comprising: receiving, by an application server, a text-based contract; parsing (302), by the application server, the text-based contract; determining, by the application server, whether the text-based contract contains a predetermined word, a phrase, a sentence, or a paragraph; retrieving, by the application server, a component that matches the predetermined word, the phrase, the sentence, or the paragraph from a contract library stored in a database; generating (303), by the application server, a smart contract based on the component that matches the predetermined word, the phrase, the sentence, or the paragraph, wherein the smart contract includes a code that can be executed by a computing device; and deploying (304), by the application server, the smart contract as a code block in a private blockchain.