20240029056. USER-SIDE NON-FUNGIBLE TOKEN STORAGE USING SUPER NON-VOLATILE RANDOM ACCESS MEMORY simplified abstract (BANK OF AMERICA CORPORATION)

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USER-SIDE NON-FUNGIBLE TOKEN STORAGE USING SUPER NON-VOLATILE RANDOM ACCESS MEMORY

Organization Name

BANK OF AMERICA CORPORATION

Inventor(s)

Elvis Nyamwange of Little Elm TX (US)

USER-SIDE NON-FUNGIBLE TOKEN STORAGE USING SUPER NON-VOLATILE RANDOM ACCESS MEMORY - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240029056 titled 'USER-SIDE NON-FUNGIBLE TOKEN STORAGE USING SUPER NON-VOLATILE RANDOM ACCESS MEMORY

Simplified Explanation

The patent application describes a system that utilizes local/user-side resources, specifically non-volatile random access memory (NVRAM), to store and process non-fungible tokens (NFTs). This is achieved through a resource-sharing protocol, such as the network block device (NBD) protocol, which connects the user's NFT digital wallet to distributed trust computing networks.

  • The system leverages local/user-side resources (NVRAM) for storing and processing NFTs.
  • A resource-sharing protocol (e.g., NBD protocol) is used to connect the user's NFT digital wallet with distributed trust computing networks.
  • The NVRAM operates in accordance with the resource-sharing protocol, enabling resource sharing capabilities.
  • The system facilitates the generation/minting and exchange of NFTs by conducting the necessary computational processes.
  • The user's NFT digital wallet is registered with the resource-sharing protocol, allowing it to access and utilize the local/user-side resources (NVRAM).

Potential Applications:

  • Efficient storage and processing of NFTs on user devices with NVRAM.
  • Seamless integration of NFT digital wallets with distributed trust computing networks.
  • Facilitating the generation/minting and exchange of NFTs on user devices.

Problems Solved:

  • Limited storage capacity and computational capabilities of user devices for handling NFTs.
  • Lack of efficient resource sharing between user devices and distributed trust computing networks.
  • Difficulty in conducting the necessary computational processes for generating/minting and exchanging NFTs.

Benefits:

  • Enhanced storage and processing capabilities for NFTs on user devices.
  • Improved efficiency and scalability in handling NFT-related computational processes.
  • Seamless integration of user devices with distributed trust computing networks for resource sharing.
  • Empowering users to actively participate in the NFT ecosystem.


Original Abstract Submitted

a system for leveraging local/user-side resources (i.e., memory) to store non-fungible tokens (nfts) and conduct nft-related computational processes required for generating/minting or exchanging an nft. the local/user device is equipped with super non-volatile random access memory (nvram), which operates in accordance with a resource-sharing protocol, such as network block device (nbd) protocol or the like. the resource-sharing protocol is registered with the user's nft digital wallet, which is in communication with the distributed trust computing networks and, thus links the local/user-side resources (i.e., nvram) with the distributed trust computing network for resource sharing capabilities.

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