Ripple Wins US Patent for New Oracle-Based Smart Contract Design...Good for XRP too?

Blockchain payments technology firm Ripple has won a patent for a design that can execute smart contracts based on data collected from the outside world.

• Earlier this week, Ripple Labs received a patent (No. 10,789,068) for a smart contract that can use oracles to connect a distributed platform to a variety of different real-world data.
• Originally filed in June 2018, one example of a use case provided includes using the smart contracts to automatically settle options contracts when pre-agreed conditions are met, such as a company's debt-to-equity ratio hitting a certain threshold.