JINAN UNIVERSITY (20250061458). METHOD AND SYSTEM FOR ERROR-RESILIENT ASSET TRANSFER IN BLOCKCHAIN

METHOD AND SYSTEM FOR ERROR-RESILIENT ASSET TRANSFER IN BLOCKCHAIN

Organization Name

JINAN UNIVERSITY

Inventor(s)

Yongdong Wu of Guangzhou (CN)

Jiao Lu of Guangzhou (CN)

Shishi Huang of Guangzhou (CN)

Tong Li of Guangzhou (CN)

Jian Weng of Guangzhou (CN)

Zhiquan Liu of Guangzhou (CN)

Ming Li of Guangzhou (CN)

METHOD AND SYSTEM FOR ERROR-RESILIENT ASSET TRANSFER IN BLOCKCHAIN

This abstract first appeared for US patent application 20250061458 titled 'METHOD AND SYSTEM FOR ERROR-RESILIENT ASSET TRANSFER IN BLOCKCHAIN

Original Abstract Submitted

a fault-tolerant asset transferring method is provided to prevent financial losses caused by human errors, specifically unintentional mistakes made by the payer. the system introduces a new definition for blockchain transaction parameters, allowing for multi-input transactions. each payment transaction includes the payee's signature for confirmation and the payer's signature. in addition, a system is designed to handle multi-input asset transfer transactions which incorporate the payer's confirmation. upon reaching an agreement on the transaction content, each participant generates an independent off-chain signature on the transaction's content. in the event that participants generate a signature on the erroneous content of a transaction, the transaction will be accepted in the blockchain with very low probability due to transaction validation.