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1. (WO2018220541) PROTOCOL-BASED SYSTEM AND METHOD FOR ESTABLISHING A MULTI-PARTY CONTRACT

Pub. No.:    WO/2018/220541    International Application No.:    PCT/IB2018/053833
Publication Date: Fri Dec 07 00:59:59 CET 2018 International Filing Date: Thu May 31 01:59:59 CEST 2018
IPC: G06Q 20/38
G06Q 20/02
G06Q 10/10
Applicants: ENTERSEKT INTERNATIONAL LIMITED
Inventors: BESTER, Daniël Deetlefs
Title: PROTOCOL-BASED SYSTEM AND METHOD FOR ESTABLISHING A MULTI-PARTY CONTRACT
Abstract:
A protocol-based system and method for establishing a multi-party contract are disclosed. In a method conducted at a computing device associated with an entity, a set of contract data elements relating to a contract to be established is received from either one of another entity or a deal negotiation component associated with the entity. The contract data elements are validated using an associated contract schema and a schema-based validation algorithm. If the contract data elements are valid, the contract data elements are transmitted to the other of the deal negotiation component or another entity. Transmitting the contract data elements to another entity includes generating a digital signature associated with the contract data elements by digitally signing the contract data elements or a representation thereof and transmitting the digital signature and either of the contract data elements or the representation thereof to the other entity.