20240012807. MULTIUSER SYNCHRONOUS CONCLAVE BLOCKCHAIN TECHNOLOGY simplified abstract (Bank of America Corporation)

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MULTIUSER SYNCHRONOUS CONCLAVE BLOCKCHAIN TECHNOLOGY

Organization Name

Bank of America Corporation

Inventor(s)

Saurabh Gupta of New Delhi (IN)

MULTIUSER SYNCHRONOUS CONCLAVE BLOCKCHAIN TECHNOLOGY - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240012807 titled 'MULTIUSER SYNCHRONOUS CONCLAVE BLOCKCHAIN TECHNOLOGY

Simplified Explanation

The patent application describes an apparatus and methods for multiple smart glasses to collaborate on modifying documents using a distributed ledger network, such as a blockchain. Here are the key points:

  • Multiple smart glasses can enter a distributed ledger network to modify documents concurrently.
  • The networked smart glasses can store the document and any changes made to it in the distributed ledger.
  • The smart glasses can communicate the changes to each other and request approval or disapproval of the changes.
  • Each smart glass or user can approve or disapprove the changes suggested by others.
  • The document can only be finalized when all suggested changes are approved or disapproved.

Potential applications of this technology:

  • Collaborative document editing: Multiple users wearing smart glasses can work together on editing documents in real-time.
  • Document version control: The distributed ledger can track and record all changes made to a document, providing a transparent and auditable history.
  • Secure document sharing: The distributed ledger ensures that only approved changes are applied to the document, preventing unauthorized modifications.

Problems solved by this technology:

  • Lack of real-time collaboration: Traditional document editing methods often require users to take turns, leading to delays and inefficiencies.
  • Lack of transparency and accountability: With the distributed ledger, all changes and approvals/disapprovals are recorded, ensuring transparency and accountability.
  • Unauthorized document modifications: The approval process ensures that only authorized changes are applied to the document, preventing unauthorized modifications.

Benefits of this technology:

  • Real-time collaboration: Users can work together on documents simultaneously, improving productivity and efficiency.
  • Transparency and accountability: The distributed ledger provides a transparent and auditable record of all document changes and approvals.
  • Enhanced document security: The approval process ensures that only authorized changes are applied, reducing the risk of unauthorized modifications.


Original Abstract Submitted

apparatus and methods are provided for multiple smart glasses to enter in a distributed ledger network such as a blockchain to concurrently modify documents. these networked smart glasses may store the document and any changes made to the document in a distributed ledger, communicate the changes to the other smart glasses and request approval or disapproval of the changes. each smart glass or user may approve or disapprove the changes suggested by other users. the document may only be finalized when all suggested changes are approved or disapproved.

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