20240046293. DYNAMIC BLOCKCHAIN-DRIVEN TRADING DATA FEEDS simplified abstract (Tradegen LLC)

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DYNAMIC BLOCKCHAIN-DRIVEN TRADING DATA FEEDS

Organization Name

Tradegen LLC

Inventor(s)

Xavier Enrique Negron of Austin TX (US)

DYNAMIC BLOCKCHAIN-DRIVEN TRADING DATA FEEDS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240046293 titled 'DYNAMIC BLOCKCHAIN-DRIVEN TRADING DATA FEEDS

Simplified Explanation

The patent application describes a method and system for providing a dynamic, blockchain-driven data feed associated with a virtual trading environment (VTE). Here is a simplified explanation of the abstract:

  • The method involves using self-executing contracts deployed on a blockchain network to generate the VTE and associate it with a performance tracking data feed.
  • A trading entity can perform simulated trades in the VTE.
  • When a simulated trade is detected, the performance data of the VTE is updated in the performance tracking data feed using the self-executing contracts.
  • Controlled access is provided to the performance tracking data feed, allowing a requesting entity to utilize the performance data.
  • A message containing the performance data of the VTE can be transmitted to a user device.

Potential applications of this technology:

  • Virtual trading environments for financial markets, allowing users to simulate trades and track performance.
  • Performance tracking systems for virtual currencies or assets.
  • Real-time monitoring and analysis of trading activities in a decentralized manner.

Problems solved by this technology:

  • Lack of transparency and trust in traditional trading environments.
  • Difficulty in tracking and analyzing performance in virtual trading environments.
  • Limited access to real-time trading data and performance metrics.

Benefits of this technology:

  • Enhanced transparency and trust through the use of blockchain technology.
  • Real-time tracking and analysis of performance in virtual trading environments.
  • Improved accessibility to performance data for users and requesting entities.


Original Abstract Submitted

example methods and systems are directed to providing a dynamic, blockchain-driven data feed, such as a performance tracking data feed associated with a virtual trading environment (vte). a method may include causing one or more self-executing contracts deployed on a blockchain network to generate the virtual trading environment (vte) and associate the vte with the performance tracking data feed on the blockchain network. a trading entity may perform a simulated trade in the vte. responsive to detecting the simulated trade, performance data of the vte is updated in the performance tracking data feed via the one or more self-executing contracts. the method may include providing controlled access to the performance tracking data feed to enable a requesting entity to utilize the performance data. a message indicative of the performance data of the vte may be transmitted to a user device.

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