20240054141. Authoritative Factual Service for Blockchain Smart Contracts simplified abstract (GOOGLE LLC)
Authoritative Factual Service for Blockchain Smart Contracts
Organization Name
Inventor(s)
Ibrahim Badr of New York NY (US)
Authoritative Factual Service for Blockchain Smart Contracts - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240054141 titled 'Authoritative Factual Service for Blockchain Smart Contracts
Simplified Explanation
The abstract describes systems and methods for determining trigger events by processing blockchain data, generating queries, searching a database, and providing notifications for resulting actions.
- Processing blockchain data to determine trigger events
- Generating queries based on data associated with trigger events
- Recursively searching a database for data descriptive of trigger events
- Providing notifications to instruct resulting actions to be performed
Potential Applications
This technology can be applied in various industries such as finance, supply chain management, and healthcare for automating processes based on trigger events.
Problems Solved
1. Automating the identification and response to trigger events 2. Efficiently processing blockchain data for decision-making 3. Streamlining database searches for relevant information
Benefits
1. Improved efficiency in responding to trigger events 2. Enhanced accuracy in data processing and decision-making 3. Automation of actions based on trigger events for increased productivity
Original Abstract Submitted
systems and methods for trigger event determination can include processing blockchain data to determine a trigger event. data associated with the trigger event can be processed to determine a query. the query can then be utilized to recursively search a database for data descriptive of the trigger event occurring. a notification can then be provided to instruct a resulting action to be performed.
