First Genesis, Inc. (20240267201). BLOCKCHAIN PLATFORM SERVICE simplified abstract

BLOCKCHAIN PLATFORM SERVICE

Organization Name

First Genesis, Inc.

Inventor(s)

Cedric Harris of Sugar Land TX (US)

Ronald Watty of Sugar Land TX (US)

BLOCKCHAIN PLATFORM SERVICE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240267201 titled 'BLOCKCHAIN PLATFORM SERVICE

The present invention introduces an architecture that enhances blockchain performance by utilizing a virtual actor model to deliver stateful services that are highly scalable and responsive to events, enabling the support of publishing and/or subscribing to streaming messages and/or events. The architecture leverages established distributed design practices to achieve efficiency without the need for costly hardware resources.

• Utilizes a virtual actor model to improve blockchain performance
• Provides stateful services that are scalable and responsive to events
• Supports publishing and/or subscribing to streaming messages and/or events
• Leverages established distributed design practices
• Reduces the need for expensive hardware resources

Potential Applications: - Enhancing blockchain performance - Supporting real-time messaging and event handling - Improving scalability and responsiveness in distributed systems

Problems Solved: - Costly hardware requirements for blockchain operations - Inefficiencies in handling streaming messages and events - Limited scalability and responsiveness in current systems

Benefits: - Increased blockchain performance - Enhanced scalability and responsiveness - Cost-effective solution for distributed systems

Commercial Applications: Title: Virtual Actor Model for Blockchain Performance Enhancement This technology can be applied in industries such as finance, supply chain management, and healthcare to optimize blockchain operations and improve real-time data processing capabilities.

Questions about Virtual Actor Model for Blockchain Performance Enhancement: 1. How does the virtual actor model improve blockchain performance? The virtual actor model enhances blockchain performance by providing stateful services that are highly scalable and responsive to events, enabling efficient handling of streaming messages and events.

2. What are the potential applications of this technology beyond blockchain? This technology can also be applied in various industries such as finance, supply chain management, and healthcare to enhance real-time data processing capabilities and improve scalability in distributed systems.

Original Abstract Submitted

the present invention describes an architecture for increasing the performance of blockchain using a virtual actor model to provide stateful services that are highly scalable and responsive to events as they support publishing and/or subscribing to streaming messages and/or events. the architecture as described leverages established distributed design practices to achieve what would otherwise require costly resource intensive hardware.