Bank of America Corporation
LOGISTICS SENSORS FOR SMART CONTRACT ARBITRATION

Abstract:

Systems and methods for electronic arbitration of a smart contract in response to environmental sensor data are provided. An environmental sensor signal may include an electronic sensor identifier. A signal context matcher may process the sensor signal at the IOT edge and route sensor signal data to a remote electronic arbitrator. The arbitrator may identify a smart contract on a distributed ledger based on the sensor signal data. The arbitrator may identify a smart contract modification based on the sensor signal data. The arbitrator may instruct a smart contract reviser to validate and execute modified smart contract code corresponding to the smart contract modification using DLT protocols.