20240028702. BLOCKCHAIN IMPLEMENTED COUNTING SYSTEM AND METHOD FOR USE IN SECURE VOTING AND DISTRIBUTION simplified abstract (nChain Licensing AG)

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BLOCKCHAIN IMPLEMENTED COUNTING SYSTEM AND METHOD FOR USE IN SECURE VOTING AND DISTRIBUTION

Organization Name

nChain Licensing AG

Inventor(s)

Craig Steven Wright of London (GB)

Stephane Savanah of London (GB)

BLOCKCHAIN IMPLEMENTED COUNTING SYSTEM AND METHOD FOR USE IN SECURE VOTING AND DISTRIBUTION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240028702 titled 'BLOCKCHAIN IMPLEMENTED COUNTING SYSTEM AND METHOD FOR USE IN SECURE VOTING AND DISTRIBUTION

Simplified Explanation

The abstract of the patent application describes techniques for implementing automated processes, such as device/system control, process control, distributed computing and storage, and event detecting, monitoring, and/or counting mechanisms. The application presents a counting solution where a computing resource manages a loop-based operation parallel to the blockchain. The computing resource continuously monitors the state of the blockchain and other off-blockchain input data. Each iteration of the loop is recorded in a transaction written to the blockchain.

  • The patent application presents techniques for implementing automated processes.
  • It introduces a counting solution managed by a computing resource parallel to the blockchain.
  • The computing resource continuously monitors the state of the blockchain and off-blockchain input data.
  • Each iteration of the loop executed by the computing resource is recorded in a transaction on the blockchain.

Potential Applications

  • Voting systems that require automated vote counting and monitoring.
  • Decision-making processes that need automated event detection and monitoring.
  • Systems requiring distributed computing and storage for efficient processing.

Problems Solved

  • Manual counting and monitoring of events or decisions can be time-consuming and prone to errors.
  • Lack of automated mechanisms for event detection and monitoring.
  • Inefficient processing and management of distributed computing and storage.

Benefits

  • Automation of processes leads to increased efficiency and accuracy.
  • Real-time monitoring and detection of events or decisions.
  • Improved management of distributed computing and storage resources.


Original Abstract Submitted

techniques are presented for the implementation of automated processes, such as device/system control, process control, distributed computing and storage, and event detecting, monitoring and/or counting mechanism. the event may be, for example, a vote, decision or selection which is made by a given entity. a counting solution is presented in which a computing resource, running simultaneously and in parallel to the blockchain, manages a loop-based operation. the computing resource continuously monitors the state of the blockchain as well as any other off-blockchain input data or source. the execution of the loop is influenced by the state of the blockchain. each iteration of the loop that is executed by the computing resource is recorded in a transaction that is written to the blockchain.

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