Dell products l.p. (20240135372). METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER simplified abstract
Contents
- 1 METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Original Abstract Submitted
METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER
Organization Name
Inventor(s)
METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240135372 titled 'METHOD AND SYSTEM FOR OBFUSCATING ASSET TRANSACTIONS IN A DISTRIBUTED LEDGER
Simplified Explanation
The method described in the patent application involves managing transactions in a distributed ledger by verifying client information, anonymizing transaction requests, updating client payload mappings, shuffling requests, assigning requests to virtual users, and processing the transaction request using a batch of requests.
- Verifying client information associated with the transaction request
- Anonymizing the transaction request to generate an anonymous transaction request
- Updating client payload mappings based on the anonymous transaction request
- Shuffling the anonymous transaction request with a batch of requests to generate a shuffle index
- Assigning the batch of requests to virtual users to generate virtual user assignments
- Processing the transaction request using the batch of requests
Potential Applications
The technology described in this patent application could be applied in various industries such as finance, healthcare, supply chain management, and more where secure and efficient transaction management is crucial.
Problems Solved
This technology solves the problem of securely managing transactions in a distributed ledger while maintaining client privacy and data integrity.
Benefits
The benefits of this technology include enhanced security, improved transaction processing efficiency, and increased privacy protection for clients.
Potential Commercial Applications
One potential commercial application of this technology could be in the development of secure and efficient blockchain-based payment systems for businesses.
Possible Prior Art
One possible prior art for this technology could be existing methods for managing transactions in distributed ledgers, such as traditional blockchain protocols and transaction processing systems.
Unanswered Questions
How does this technology compare to existing transaction management systems in terms of efficiency and security?
The article does not provide a direct comparison between this technology and existing transaction management systems in terms of efficiency and security.
What are the potential limitations or challenges of implementing this technology in real-world applications?
The article does not address the potential limitations or challenges of implementing this technology in real-world applications.
Original Abstract Submitted
techniques described herein relate to a method for managing transactions in a distributed ledger. the method includes obtaining a transaction request from a client; in response to obtaining the transaction request: verifying client information associated with the client and the transaction request; anonymizing the transaction request to generate an anonymous transaction request; updating client payload mappings based on the anonymous transaction request; shuffling the anonymous transaction request with a batch of requests to generate a shuffle index; assigning the batch of requests to virtual users to generate virtual user assignments; and processing the transaction request using the batch of requests.
