20240029055. METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS simplified abstract (MASTERCARD INTERNATIONAL INCORPORATED)

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METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS

Organization Name

MASTERCARD INTERNATIONAL INCORPORATED

Inventor(s)

Sarala Buradagunta of West Orange NJ (US)

Rakesh Yadav of Cape Elizabeth ME (US)

Dmytro Kryvoshei of Edison NJ (US)

Steven C. Davis of Saint Peters MO (US)

Sébastien Le Callonnec of Greystones (IE)

METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240029055 titled 'METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS

Simplified Explanation

The patent application describes a system that enables communication between different blockchains on a heterogeneous blockchain network. Here is a simplified explanation of the abstract:

  • The system consists of a sending blockchain network and a receiving blockchain network.
  • The sending blockchain network includes a sending blockchain with multiple blocks, each containing a block header and transaction values associated with an identification request.
  • A directory service node receives the identification request from the sending blockchain and identifies a receiving blockchain within the receiving blockchain network.
  • An identity service node receives a trust request from the directory service node to determine if a valid trust certificate is available for the receiving blockchain.
  • If a valid trust certificate is available, communication is enabled between the sending blockchain and the receiving blockchain.

Potential applications of this technology:

  • Interoperability between different blockchain networks.
  • Facilitating communication and data transfer between blockchains.
  • Enabling cross-chain transactions and smart contract interactions.

Problems solved by this technology:

  • Overcoming the limitations of isolated blockchains by enabling communication between them.
  • Simplifying the process of identifying and connecting different blockchains.
  • Ensuring trust and security in cross-chain communication.

Benefits of this technology:

  • Increased efficiency and scalability by leveraging the strengths of different blockchains.
  • Enhanced interoperability and compatibility between blockchain networks.
  • Improved trust and security in cross-chain transactions and data transfers.


Original Abstract Submitted

a system for enabling communication between blockchains on heterogeneous blockchain networks. the system can include a sending blockchain network comprised of a sending blockchain that includes a plurality of blocks, each block including a block header and one or more transaction values associated with an identification request transmitted by the sending blockchain. the system can include a directory service node configured to receive the identification request from the sending blockchain, and identify a receiving blockchain, which forms part of a receiving blockchain network. the system can include an identity service node configured to receive a trust request from the directory service node to determine whether a valid trust certificate is available for the receiving blockchain, and enable communication between the sending blockchain and the receiving blockchain, when the valid trust certificate is determined to be available.

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