Unknown Organization (20240311934). INTERMEDIARY SYSTEM, TRANSACTION SYSTEM, AND REQUESTING METHOD simplified abstract

INTERMEDIARY SYSTEM, TRANSACTION SYSTEM, AND REQUESTING METHOD

Organization Name

Unknown Organization

Inventor(s)

Mikiro Kuroda of Kanagawa (JP)

INTERMEDIARY SYSTEM, TRANSACTION SYSTEM, AND REQUESTING METHOD - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240311934 titled 'INTERMEDIARY SYSTEM, TRANSACTION SYSTEM, AND REQUESTING METHOD

Simplified Explanation: The patent application describes an intermediary system that facilitates transactions of a specific asset through a blockchain network. The system tracks the supply of the asset from various suppliers and the usage of the asset by users, enabling seamless transfers to address shortages.

• The system includes circuitry to manage transactions of a specific asset.
• It tracks the supply of the asset from multiple suppliers within a fixed period.
• The system monitors the usage of the asset by predetermined users.
• It identifies shortages based on the difference between supply and usage.
• The system requests transfers of the asset to address shortages.

Key Features and Innovation:

• Circuitry for managing transactions of a specific asset.
• Tracking supply from multiple suppliers and usage by users.
• Real-time monitoring of asset shortages.
• Automated requests for transfers to address shortages.
• Utilization of blockchain network for secure transactions.

Potential Applications: The technology can be applied in various industries such as supply chain management, finance, and logistics to streamline asset transactions and ensure efficient allocation based on demand.

Problems Solved: The system addresses issues related to asset shortages, inefficient allocation, and manual intervention in transaction processes. It provides a seamless solution for managing asset transfers based on real-time supply and demand data.

Benefits:

• Improved efficiency in asset transactions.
• Real-time monitoring of supply and demand.
• Automated processes for addressing shortages.
• Enhanced security through blockchain technology.
• Streamlined allocation of assets based on usage data.

Commercial Applications: Potential commercial applications include asset management platforms, financial services for asset trading, and inventory control systems for businesses looking to optimize their supply chain operations.

Prior Art: Readers can explore existing patents related to blockchain-based asset management systems, supply chain intermediaries, and automated transaction platforms for further insights into prior art in this field.

Frequently Updated Research: Stay informed about the latest developments in blockchain technology, supply chain management innovations, and asset tracking systems to understand the evolving landscape of intermediary systems for asset transactions.

Questions about Intermediary Systems for Asset Transactions: 1. How does the intermediary system ensure secure transactions through the blockchain network? 2. What are the potential challenges in implementing automated asset transfers to address shortages?

Original Abstract Submitted

an intermediary system of an intermediary for intermediating transactions of an asset includes circuitry. the circuitry receives, through a blockchain network, each of a plurality of amounts of supply for a specific asset produced by a specific type of production method. each of the plurality of amounts of supply is supplied by a corresponding one of a plurality of suppliers within a fixed period. the circuitry receives, through the blockchain network, an amount of usage of the specific asset used by a predetermined user within the fixed period, transmits, to another intermediary system of another intermediary, a request for transfer of the specific asset corresponding to an amount of shortage of the specific asset based on a shortage of the specific asset to be intermediated to the predetermined user. the shortage is indicated by a difference between a sum of the plurality of amounts of supply and the amount of usage.