20240046256. INFORMATION PROCESSING METHOD, INFORMATION PROCESSING DEVICE, AND RECORDING MEDIUM simplified abstract (Panasonic Intellectual Property Corporation of America)
INFORMATION PROCESSING METHOD, INFORMATION PROCESSING DEVICE, AND RECORDING MEDIUM
Organization Name
Panasonic Intellectual Property Corporation of America
Inventor(s)
Junji Michiyama of Fukuoka (JP)
INFORMATION PROCESSING METHOD, INFORMATION PROCESSING DEVICE, AND RECORDING MEDIUM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240046256 titled 'INFORMATION PROCESSING METHOD, INFORMATION PROCESSING DEVICE, AND RECORDING MEDIUM
Simplified Explanation
The abstract of this patent application describes an information processing method executed by one device in a system of multiple devices, each holding a blockchain. The method involves generating a first block with transaction data and connecting it to the blockchain. When a certain number of blocks are connected downstream of the first block, a transaction data indicating a reward for generating the first block is generated. Finally, a second block is generated with the transaction data and connected to the blockchain.
- The method involves generating and connecting blocks in a blockchain system.
- A reward is provided for generating the first block.
- The method ensures the connection of a certain number of blocks before generating the reward.
- The transaction data indicating the reward is included in a second block.
Potential applications of this technology:
- Cryptocurrency systems: This method can be applied in cryptocurrency systems to incentivize the generation of new blocks and reward miners.
- Blockchain-based supply chain management: The method can be used to track and verify transactions within a supply chain, ensuring transparency and security.
- Decentralized finance (DeFi): This technology can be utilized in DeFi platforms to validate and record financial transactions.
Problems solved by this technology:
- Incentivizing block generation: The method provides a reward for generating the first block, encouraging participants to actively contribute to the blockchain system.
- Transaction verification: By connecting blocks and including transaction data, the method ensures the integrity and validity of transactions within the blockchain.
Benefits of this technology:
- Increased security: The use of blockchain technology provides a secure and tamper-proof method for recording and verifying transactions.
- Decentralization: The method allows for distributed processing and validation of transactions, eliminating the need for a central authority.
- Incentivization: By offering rewards for block generation, the method encourages participation and contributes to the overall stability and growth of the blockchain system.
Original Abstract Submitted
an information processing method that, in a system including a plurality of information processing devices each holding a blockchain, is executed by one information processing device out of the plurality of information processing devices, includes: generating a first block including one or more items of transaction data, and connecting the first block to the blockchain; generating transaction data indicating payment of a reward for generating the first block, when at least t blocks are connected downstream of the first block in the blockchain where t is an integer greater than or equal to 1; and generating a second block including the transaction data generated, and connecting the second block to the blockchain.
