17937942. SYSTEMS AND METHODS FOR FACILITATING CRYPTOGRAPHICALLY BACKED COORDINATION OF COMPLEX COMPUTER COMMUNICATIONS simplified abstract (Capital One Services, LLC)
Contents
- 1 SYSTEMS AND METHODS FOR FACILITATING CRYPTOGRAPHICALLY BACKED COORDINATION OF COMPLEX COMPUTER COMMUNICATIONS
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 SYSTEMS AND METHODS FOR FACILITATING CRYPTOGRAPHICALLY BACKED COORDINATION OF COMPLEX COMPUTER COMMUNICATIONS - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.9.1 Unanswered Questions
- 1.9.2 How does the novel cryptographic resource standard compare to existing cryptographic standards in terms of security and efficiency?
- 1.9.3 What are the potential challenges or limitations of implementing the novel cryptographic resource standard in real-world blockchain applications?
- 1.10 Original Abstract Submitted
SYSTEMS AND METHODS FOR FACILITATING CRYPTOGRAPHICALLY BACKED COORDINATION OF COMPLEX COMPUTER COMMUNICATIONS
Organization Name
Inventor(s)
Imren Johar of Clifton VA (US)
SYSTEMS AND METHODS FOR FACILITATING CRYPTOGRAPHICALLY BACKED COORDINATION OF COMPLEX COMPUTER COMMUNICATIONS - A simplified explanation of the abstract
This abstract first appeared for US patent application 17937942 titled 'SYSTEMS AND METHODS FOR FACILITATING CRYPTOGRAPHICALLY BACKED COORDINATION OF COMPLEX COMPUTER COMMUNICATIONS
Simplified Explanation
The patent application describes methods and systems for implementing a novel cryptographic resource standard in blockchain technology. This standard enables complex communications and various functions related to cryptographic resource transfers on the blockchain.
- The patent application introduces a novel cryptographic resource standard for blockchain technology.
- This standard allows for single cryptographic resource transfers, batch cryptographic resource transfers, and on-chain batching of cryptographic resources.
Potential Applications
The technology described in the patent application could be applied in various industries such as finance, supply chain management, healthcare, and more. It could streamline transactions, enhance security, and improve data integrity in these sectors.
Problems Solved
1. Streamlining transactions: The technology enables efficient and secure cryptographic resource transfers on the blockchain, reducing the complexity and time required for transactions. 2. Enhancing security: The novel cryptographic resource standard enhances the security of blockchain functions, making it more resistant to cyber threats and unauthorized access.
Benefits
1. Improved efficiency: The technology allows for faster and more streamlined transactions on the blockchain. 2. Enhanced security: The novel cryptographic resource standard enhances the security of blockchain functions, ensuring the integrity and confidentiality of data.
Potential Commercial Applications
Optimizing Blockchain Transactions for Enhanced Security and Efficiency
Possible Prior Art
There are no known prior art examples related to the specific implementation of a novel cryptographic resource standard for blockchain technology.
Unanswered Questions
How does the novel cryptographic resource standard compare to existing cryptographic standards in terms of security and efficiency?
The patent application does not provide a direct comparison between the novel cryptographic resource standard and existing cryptographic standards. Further research and analysis would be needed to evaluate the differences in security and efficiency between the two.
What are the potential challenges or limitations of implementing the novel cryptographic resource standard in real-world blockchain applications?
The patent application does not address potential challenges or limitations that may arise from implementing the novel cryptographic resource standard in real-world blockchain applications. Further exploration and testing would be necessary to identify and address any such issues.
Original Abstract Submitted
Methods and systems for uses and/or improvements to blockchain technology. In particular, the methods and systems described herein implement a novel cryptographic resource standard that provides functionality for complex communications. The novel cryptographic resource standard allows for blockchain functions that may involve single cryptographic resource transfers or batch cryptographic resource transfers as well as on-chain batching of one or more cryptographic resources.
