Google LLC (20240273110). Authoritative Factual Service for Blockchain Smart Contracts simplified abstract
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 20240273110 titled 'Authoritative Factual Service for Blockchain Smart Contracts
The abstract of the patent application describes systems and methods for determining trigger events by processing blockchain data, generating queries based on the trigger events, searching a database for relevant data, and providing notifications for resulting actions.
- Processing blockchain data to determine trigger events
- Generating queries based on trigger events
- Searching a database for data descriptive of trigger events
- Providing notifications for resulting actions
- Recursive searching of database for relevant data
Potential Applications: - Financial transactions monitoring - Supply chain management - Fraud detection - Compliance monitoring
Problems Solved: - Efficient trigger event determination - Automated data processing - Real-time notifications
Benefits: - Improved decision-making - Enhanced security measures - Streamlined processes
Commercial Applications: Title: Blockchain Trigger Event Determination System for Financial Transactions Monitoring Description: This technology can be utilized by financial institutions to monitor transactions in real-time, ensuring compliance with regulations and detecting fraudulent activities.
Questions about Blockchain Trigger Event Determination System: 1. How does this technology improve data processing efficiency? 2. What are the key benefits of utilizing blockchain data for trigger event determination?
Frequently Updated Research: Stay updated on the latest advancements in blockchain technology and data processing algorithms to enhance the efficiency and accuracy of trigger event determination systems.
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.
