BLOCKCHAIN SYSTEM

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BLOCKCHAIN SYSTEM - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240223390 titled 'BLOCKCHAIN SYSTEM

Simplified Explanation: The method described in the abstract involves sending private key signatures between two blockchain networks in response to successful consensus and verification processes.

Key Features and Innovation:
- Sending private key signatures between blockchain networks
- Recording information on a blockchain in response to successful verification
- Ensuring secure communication and data integrity between blockchain networks

Potential Applications: This technology can be applied in various industries such as finance, healthcare, supply chain management, and more where secure and verified data transfer is crucial.

Problems Solved: This technology addresses the challenges of secure communication and data integrity between different blockchain networks.

Benefits:

Enhanced security and data integrity
Efficient and reliable data transfer between blockchain networks
Streamlined verification processes

Commercial Applications: The technology can be utilized in cross-border transactions, secure data sharing platforms, supply chain tracking systems, and more, enhancing trust and security in various industries.

Prior Art: Readers can explore prior research on blockchain interoperability, secure data transfer, and cryptographic key exchange protocols for related information.

Frequently Updated Research: Stay updated on the latest advancements in blockchain interoperability, secure data transfer protocols, and cryptographic key management systems for relevant insights.

Questions about Blockchain Interoperability: 1. How does the method ensure the authenticity of private key signatures between blockchain networks? 2. What are the potential challenges in implementing this technology in real-world applications?

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Original Abstract Submitted

a method includes sending first information that includes a private key signature of a first blockchain to another apparatus in response to a consensus of another node in the first blockchain network on the first information being successful. the first blockchain includes an apparatus. the second blockchain includes the another apparatus. the method further includes receiving second information that includes a private key signature of the second blockchain network. the second information corresponds to the first information. the method further includes recording the second information on the first blockchain in response to verification on the private key signature of the second blockchain network being successful.