Application US20200302527

BLOCKCHAIN SMART CONTRACTS FOR EMPLOYEE STOCK OPTION TOKENS
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US20200302527

1. A method for generating a blockchain data structure for executing an employee stock ownership plan, the method comprising: (8) (3)

allocating a plurality of equity tokens to a first electronic wallet associated with a company, wherein each equity token represents a stake in equity in the company;

generating a first transaction data structure storing an employee stock ownership plan (ESOP) smart contract module, wherein the ESOP smart contract module is associated with a subset of the plurality of equity tokens and comprises computer-executable instructions configured to: execute, at a server-side node, constructor functionality that creates a plurality of stock option tokens corresponding to the subset of the equity tokens in the first electronic wallet associated with the company,

execute, at the server-side node, transfer functionality that converts at least a portion of the stock option tokens stored at a second electronic wallet to a corresponding amount of equity tokens; and

publishing the first transaction data structure storing the ESOP smart contract module to a decentralized ledger maintained by a network of server-side nodes.

2. The method of claim 1, further comprising: (0) (1)

3. The method of claim 1, wherein the transfer functionality of the ESOP smart contract module comprises computer-executable instructions configured to: (0) (3)

4. The method of claim 1, wherein the ESOP smart contract module further comprises computer-executable instructions configured to verify that a receipt datetime of an invocation of the transfer functionality that converts a stock option token to an equity token is not earlier than a predefined datetime value. (1) (0)

6. The method of claim 1, wherein the ESOP smart contract module further comprises computer-executable instructions configured to verify that an amount of stock option tokens requested for conversion does not exceed a predefined amount of allowed number of equity tokens for a current datetime. (0)

7. The method of claim 1, wherein the ESOP smart contract module further comprises computer-executable instructions configured to verify that an amount of cryptocurrency coins is transferred to the first electronic wallet associated with the company. (0)

8. The method of claim 1, wherein allocating the plurality of equity tokens comprises deploying a tokens smart contract sub-module to the distributed ledger. (0)

9. The method of claim 1, wherein the transfer functionality of the ESOP smart contract module comprises computer-executable instructions configured to: (0) (1)

10. The method of claim 1, wherein the ESOP smart contract module specifies a total supply value that equals the number of tokens in the subset of equity tokens. (0)

11. A system for generating a blockchain data structure for executing an employee stock ownership plan, the system comprising: (8) (2)

a memory; and

a hardware processor coupled to the memory and configured to: allocate a plurality of equity tokens to a first electronic wallet associated with a company, wherein each equity token represents a stake in equity in the company;

generate a first transaction data structure storing an employee stock ownership plan (ESOP) smart contract module, wherein the ESOP smart contract module is associated with a subset of the plurality of equity tokens and comprises computer-executable instructions configured to: execute, at a server-side node, constructor functionality that creates a plurality of stock option tokens corresponding to the subset of the equity tokens in the first electronic wallet associated with the company,

publish the first transaction data structure storing the ESOP smart contract module to a decentralized ledger maintained by a network of server-side nodes.

12. The system of claim 11, wherein the hardware processor is further configured to: (0) (1)

13. The system of claim 11, wherein the transfer functionality of the ESOP smart contract module comprises computer-executable instructions configured to: (0) (3)

14. The system of claim 11, wherein the ESOP smart contract module further comprises computer-executable instructions configured to verify that a receipt datetime of an invocation of the transfer functionality that converts a stock option token to an equity token is not earlier than a predefined datetime value. (1) (0)

16. The system of claim 11, wherein the ESOP smart contract module further comprises computer-executable instructions configured to verify that an amount of stock option tokens requested for conversion does not exceed a predefined amount of allowed number of equity tokens for a current datetime. (0)

17. The system of claim 11, wherein the ESOP smart contract module further comprises computer-executable instructions configured to verify that an amount of cryptocurrency coins is transferred to the first electronic wallet associated with the company. (0)

18. The system of claim 11, wherein the processor configured to allocate the plurality of equity tokens is further configured to deploy a tokens smart contract sub-module to the distributed ledger. (0)

19. The system of claim 11, wherein the transfer functionality of the ESOP smart contract module comprises computer-executable instructions configured to: (0) (1)

20. The system of claim 11, wherein the ESOP smart contract module specifies a total supply value that equals the number of tokens in the subset of equity tokens. (0)

21. A non-transitory computer readable medium comprising computer-executable instructions for generating a blockchain data structure for executing an employee stock ownership plan, including instructions for: (2) (3)

allocating a plurality of equity tokens to a first electronic wallet associated with a company, wherein each equity token represents a stake in equity in the company;

publishing the first transaction data structure storing the ESOP smart contract module to a decentralized ledger maintained by a network of server-side nodes.

22. The non-transitory computer readable medium of claim 21, further comprising computer-executable instructions for: (0) (1)

23. The non-transitory computer readable medium of claim 21, wherein the transfer functionality of the ESOP smart contract module comprises computer-executable instructions configured to: (0) (3)

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Application US20200302527

BLOCKCHAIN SMART CONTRACTS FOR EMPLOYEE STOCK OPTION TOKENS

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