US Patent Issued to Capital One Services on Sept. 9 for "System and techniques for utilizing a smart contracts library" (Texas Inventors)

ALEXANDRIA, Va., Sept. 10 -- United States Patent no. 12,412,180, issued on Sept. 9, was assigned to Capital One Services LLC (McLean, Va.).

"System and techniques for utilizing a smart contracts library" was invented by Stephen Wylie (Carrollton, Texas) and Qiaochu Tang (The Colony, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are techniques and an apparatus for accessing a smart contract library that may include a number of templates of different legal contracts implementable as a smart contract between respective parties. Each template may include a number of sections having different contractual terms and conditions and fillable fields for specific contract terms. Each respective sectio...