20240029830. BLOCKCHAIN-BASED SYSTEMS AND METHODS FOR TRACKING GENETIC MATERIAL STORAGE simplified abstract (Eggschain, Inc.)

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BLOCKCHAIN-BASED SYSTEMS AND METHODS FOR TRACKING GENETIC MATERIAL STORAGE

Organization Name

Eggschain, Inc.

Inventor(s)

Wei Escala of Austin TX (US)

BLOCKCHAIN-BASED SYSTEMS AND METHODS FOR TRACKING GENETIC MATERIAL STORAGE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240029830 titled 'BLOCKCHAIN-BASED SYSTEMS AND METHODS FOR TRACKING GENETIC MATERIAL STORAGE

Simplified Explanation

The patent application describes systems and methods for using blockchain-based technologies to track the provenance of genetic material. Immutable records of transactions associated with the genetic material are generated, creating an audit trail for the material.

  • The patent application focuses on tracking the provenance of genetic material using blockchain technology.
  • Immutable records of transactions associated with the genetic material are generated.
  • These records can be used to create an audit trail for the genetic material.
  • The technology utilizes blockchain-based technologies to ensure the integrity and transparency of the tracking process.
  • The system provides a secure and reliable method for tracking the origin and movement of genetic material.

Potential Applications:

  • Genetic research and studies can benefit from a transparent and traceable system for tracking the provenance of genetic material.
  • The technology can be used in the agricultural industry to track the origin and movement of genetically modified crops or livestock.
  • Pharmaceutical companies can utilize the system to ensure the authenticity and traceability of genetic material used in drug development.
  • Conservation efforts can benefit from the ability to track the provenance of genetic material in endangered species.

Problems Solved:

  • Lack of transparency and traceability in the tracking of genetic material.
  • Difficulty in verifying the authenticity and origin of genetic material.
  • Potential for fraud or misrepresentation in the genetic material supply chain.
  • Inefficient and time-consuming processes for tracking the movement of genetic material.

Benefits:

  • Increased transparency and traceability in the tracking of genetic material.
  • Enhanced security and integrity of genetic material transactions.
  • Improved efficiency and accuracy in tracking the movement of genetic material.
  • Ability to verify the authenticity and origin of genetic material.


Original Abstract Submitted

systems and methods are provided for tracking the provenance of genetic material using blockchain-based technologies. immutable records of transactions associated with the genetic material are generated. these records can be utilized to create an audit trail for the genetic material.

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