US Patent Issued to BAIDU ONLINE NETWORK TECHNOLOGY (BEIJING) on Jan. 28 for "Method for implementing smart contract based on blockchain" (Chinese Inventor)

ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,210,892, issued on Jan. 28, was assigned to BAIDU ONLINE NETWORK TECHNOLOGY (BEIJING) Co. LTD. (Beijing).

"Method for implementing smart contract based on blockchain" was invented by Wei Xiao (Beijing).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for implementing a smart contract based on a blockchain, a device, and a medium are provided. The detailed implementation includes: creating a resident process for a resident smart contract and creating a virtual machine by the resident process when achieving an enable condition of the resident smart contract; loading codes of the resident smart contract into a memory through the virtual machine; rece...