Blockchain

Abstract

An Internet of Thing (IoT) device includes a transceiver coupled to a processor. Blockchain smart contracts can be used with the device to facilitate secure operation.

What is claimed is: 
     
         1 . An Internet of Things (IOT) device, comprising:
 a processor;   a memory coupled to the processor to store a legally enforceable electronic contract;   a transceiver; and   a module for processing a smart contract in a blockchain with the blockchain address, the processor storing tamperproof events on the blockchain or a side chain, the processor executing terms of the smart contract.   
     
     
         2 . The device of  claim 1 , comprising a blockchain accessed by the processor to store data for the device. 
     
     
         3 . The device of  claim 1 , wherein the side chain comprises a second blockchain operated parallel to the block chain where transactions or transaction outputs later merged back into the blockchain. 
     
     
         4 . The device of  claim 1 , comprising a module for forming a contract with another machine. 
     
     
         5 . The device of  claim 4 , wherein the module receives from another machine a manifestation of intent for a contract and assents to the contract. 
     
     
         6 . The device of  claim 4 , wherein the module checks an offer for vagueness and clarifies with an offeror. 
     
     
         7 . The device of  claim 4 , wherein the module accepts from another machine an advertisement with a quantity and recipient, a production contract, an output contract, or a requirement contract. 
     
     
         8 . The device of  claim 4 , wherein the module revokes or cancels the smart contract upon receiving a revocation from an offeror. 
     
     
         9 . The device of  claim 4 , wherein the module complies with Uniform Commercial Code. 
     
     
         10 . The device of  claim 4 , wherein the module sends another machine a seasonal expression of acceptance or a counter-offer. 
     
     
         11 . The device of  claim 4 , wherein the module separately accepts or rejects a counter-offer if the other machine is not an agent for a merchant. 
     
     
         12 . The device of  claim 4 , wherein the module assigns the smart contract to another machine. 
     
     
         13 . The device of  claim 4 , wherein the module performs terms of the smart contract as a unilateral contact with a second machine and then requests payment from the second machine. 
     
     
         14 . The device of  claim 4 , wherein the module processes an option to extend time. 
     
     
         15 . The device of  claim 14 , wherein the module processes the option without payment if the other machine is a merchant agent and otherwise receives payment to bind the option. 
     
     
         16 . The device of  claim 1 , comprising a module to process a real estate transaction or a rental transaction. 
     
     
         17 . The device of  claim 1 , comprising a module to process a sport event or fitness event. 
     
     
         18 . The device of  claim 1 , comprising a module to process a health transaction or medical transaction. 
     
     
         19 . The device of  claim 1 , comprising a module to process data for gaming transfer, gambling transfer, betting transfer, auction transfer, or money transfer. 
     
     
         20 . The device of  claim 1 , comprising a module to transfer data for Internet of Thing (IOT).