20240028610. RESTRICTED BLOCKCHAIN CLUSTER simplified abstract (LendingClub Bank, National Association)
Contents
RESTRICTED BLOCKCHAIN CLUSTER
Organization Name
LendingClub Bank, National Association
Inventor(s)
Jianju Liu of Kentfield CA (US)
Aaron Jimenez of San Diego CA (US)
Wenxuan Xu of San Mateo CA (US)
Jianglan Han of San Francisco CA (US)
RESTRICTED BLOCKCHAIN CLUSTER - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240028610 titled 'RESTRICTED BLOCKCHAIN CLUSTER
Simplified Explanation
The patent application describes techniques for tracking specific transactions in a blockchain using a control blockchain. When a request to perform an action is received, the system checks the control blockchain to determine the current number of transactions of interest in the transaction-recording blockchain and the maximum allowed number.
If the current number of transactions of interest is less than the maximum allowed, the action is allowed to occur. A new block is added to the transaction-recording blockchain, and the control blockchain is updated to indicate the new number of transactions of interest.
If the current number of transactions of interest is at least at the maximum allowed, the addition of a new block to the transaction-recording blockchain is prohibited.
Potential applications of this technology:
- Tracking specific transactions in a blockchain network
- Ensuring compliance with transaction limits in a blockchain system
Problems solved by this technology:
- Efficiently tracking and managing specific transactions in a blockchain
- Enforcing transaction limits in a blockchain system
Benefits of this technology:
- Improved transparency and accountability in blockchain transactions
- Enhanced control and management of transaction limits in a blockchain network
Original Abstract Submitted
techniques are provided for tracking a number of transactions-of-interest in a transaction-recording blockchain using a control blockchain. a transaction-of-interest is a transactions that is in a particular state. a request to perform an action is received. upon receiving the request and determining that the action corresponds to a new transaction-of-interest, a control blockchain is checked to determine the current number of transactions-of-interest in the transaction-recording blockchain and maximum allowed number of transaction-of-interest for the transaction-recording blockchain. in response to determining that the current number of transaction-of-interest in the transaction-recording blockchain are less than the maximum allowed: allowing the action to occur, adding a new block to the transaction-recording blockchain, and updating the control blockchain to indicate the new number of transaction-of-interest. in response to determining that the current number of transaction-of-interest are at least at the maximum allowed number, prohibiting the addition of a new block to the transaction-recording blockchain.
