20240036950. STANDARDIZED INTERACTIONS ACROSS DIFFERENT BLOCKCHAINS simplified abstract (BlockJoy, Inc.)

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STANDARDIZED INTERACTIONS ACROSS DIFFERENT BLOCKCHAINS

Organization Name

BlockJoy, Inc.

Inventor(s)

Sean Carey of Boston MA (US)

Christopher Bruce of Boston MA (US)

STANDARDIZED INTERACTIONS ACROSS DIFFERENT BLOCKCHAINS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240036950 titled 'STANDARDIZED INTERACTIONS ACROSS DIFFERENT BLOCKCHAINS

Simplified Explanation

The abstract of the patent application describes a system that consists of blockchain modules and interaction mechanism handlers. These components are designed to convert a unified set of system commands into blockchain-specific commands for different blockchains and/or blockchain nodes.

  • The system includes blockchain modules and interaction mechanism handlers.
  • The blockchain modules are responsible for handling blockchain-related tasks.
  • The interaction mechanism handlers are configured to convert system commands into blockchain-specific commands.
  • The system can work with multiple blockchains and blockchain nodes.
  • The purpose of the system is to streamline the interaction between different blockchains and the system commands.
  • The system ensures that the system commands are properly translated and executed on the respective blockchains.

Potential Applications:

  • Cross-chain transactions: The system can facilitate seamless transactions between different blockchains.
  • Interoperability: It enables interoperability between various blockchain networks, allowing them to communicate and share data.
  • Decentralized applications (DApps): The system can support the development and deployment of DApps across multiple blockchains.
  • Supply chain management: It can be used to track and verify the authenticity of goods across different blockchain networks.

Problems Solved:

  • Lack of interoperability: The system addresses the challenge of interoperability between different blockchains by providing a unified interface.
  • Complex command conversion: It simplifies the process of converting system commands into blockchain-specific commands, reducing complexity and potential errors.
  • Fragmented blockchain networks: The system helps connect fragmented blockchain networks, enabling seamless communication and data sharing.

Benefits:

  • Improved efficiency: The system streamlines the interaction between the system and different blockchains, enhancing overall efficiency.
  • Enhanced scalability: It allows for the scalability of applications across multiple blockchains, accommodating increased transaction volumes.
  • Increased security: By leveraging blockchain technology, the system provides enhanced security and immutability of data.
  • Expanded possibilities: The system opens up new possibilities for cross-chain transactions, interoperability, and decentralized application development.


Original Abstract Submitted

in variants, the system can include a set of blockchain modules and a set of interaction mechanism handlers configured to convert a unified set of system commands into blockchain-specific commands for each of a set of blockchains and/or blockchain nodes.

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