17972294. METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER simplified abstract (Dell Products L.P.)
Contents
- 1 METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER - 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
- 1.10 Original Abstract Submitted
METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER
Organization Name
Inventor(s)
METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER - A simplified explanation of the abstract
This abstract first appeared for US patent application 17972294 titled 'METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER
Simplified Explanation
The method described in the patent application involves managing transactions in a distributed ledger by anonymizing transaction requests, shuffling them with other requests, and processing them using virtual user assignments.
- Verifying client information associated with the transaction request
- Anonymizing the transaction request to generate an anonymous transaction request
- Updating client payload mappings based on the anonymous transaction request
- Shuffling the anonymous transaction request with a batch of requests to generate a shuffle index
- Assigning the batch of requests to virtual users to generate virtual user assignments
- Processing the transaction request using the batch of requests
Potential Applications
This technology could be applied in various industries such as finance, supply chain management, and healthcare for secure and efficient transaction management.
Problems Solved
This technology solves the problem of ensuring the privacy and security of transaction requests in a distributed ledger system.
Benefits
The benefits of this technology include enhanced privacy, improved security, and increased efficiency in managing transactions in a distributed ledger.
Potential Commercial Applications
Potential commercial applications of this technology include blockchain platforms, financial institutions, and e-commerce companies looking to streamline their transaction processes.
Possible Prior Art
One possible prior art could be the use of blockchain technology for secure and transparent transactions in a distributed ledger system.
What are the potential scalability challenges of implementing this method in a large-scale distributed ledger system?
Implementing this method in a large-scale distributed ledger system may face challenges related to processing a high volume of transaction requests, ensuring the anonymity and security of transactions, and managing virtual user assignments efficiently.
How does this method compare to existing techniques for managing transactions in distributed ledgers in terms of speed and security?
This method offers a unique approach to managing transactions by anonymizing requests, shuffling them with other requests, and processing them using virtual user assignments. Compared to existing techniques, this method may provide enhanced security and privacy for transactions, but the speed of processing may vary depending on the complexity of the shuffle index generation and virtual user assignments.
Original Abstract Submitted
Techniques described herein relate to a method for managing transactions in a distributed ledger. The method includes obtaining a transaction request from a client; in response to obtaining the transaction request: verifying client information associated with the client and the transaction request; anonymizing the transaction request to generate an anonymous transaction request; updating client payload mappings based on the anonymous transaction request; shuffling the anonymous transaction request with a batch of requests to generate a shuffle index; assigning the batch of requests to virtual users to generate virtual user assignments; and processing the transaction request using the batch of requests.
