View source for 20240029055. METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS simplified abstract (MASTERCARD INTERNATIONAL INCORPORATED)

=METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS=


==Organization Name==

[[:Category:MASTERCARD INTERNATIONAL INCORPORATED|MASTERCARD INTERNATIONAL INCORPORATED]]


[[Category:MASTERCARD INTERNATIONAL INCORPORATED]]

==Inventor(s)==

[[:Category:Sarala Buradagunta of West Orange NJ (US)|Sarala Buradagunta of West Orange NJ (US)]][[Category:Sarala Buradagunta of West Orange NJ (US)]]

[[:Category:Rakesh Yadav of Cape Elizabeth ME (US)|Rakesh Yadav of Cape Elizabeth ME (US)]][[Category:Rakesh Yadav of Cape Elizabeth ME (US)]]

[[:Category:Dmytro Kryvoshei of Edison NJ (US)|Dmytro Kryvoshei of Edison NJ (US)]][[Category:Dmytro Kryvoshei of Edison NJ (US)]]

[[:Category:Steven C. Davis of Saint Peters MO (US)|Steven C. Davis of Saint Peters MO (US)]][[Category:Steven C. Davis of Saint Peters MO (US)]]

[[:Category:Sébastien Le Callonnec of Greystones (IE)|Sébastien Le Callonnec of Greystones (IE)]][[Category:Sébastien Le Callonnec of Greystones (IE)]]

==METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240029055 titled 'METHOD AND SYSTEM FOR ENABLING COMMUNICATION BETWEEN BLOCKCHAINS ON HETEROGENEOUS BLOCKCHAIN NETWORKS

==Simplified Explanation==

The patent application describes a system that enables communication between different blockchains on a heterogeneous blockchain network. Here is a simplified explanation of the abstract:

* The system consists of a sending blockchain network and a receiving blockchain network.
* The sending blockchain network includes a sending blockchain with multiple blocks, each containing a block header and transaction values associated with an identification request.
* A directory service node receives the identification request from the sending blockchain and identifies a receiving blockchain within the receiving blockchain network.
* An identity service node receives a trust request from the directory service node to determine if a valid trust certificate is available for the receiving blockchain.
* If a valid trust certificate is available, communication is enabled between the sending blockchain and the receiving blockchain.

Potential applications of this technology:

* Interoperability between different blockchain networks.
* Facilitating communication and data transfer between blockchains.
* Enabling cross-chain transactions and smart contract interactions.

Problems solved by this technology:

* Overcoming the limitations of isolated blockchains by enabling communication between them.
* Simplifying the process of identifying and connecting different blockchains.
* Ensuring trust and security in cross-chain communication.

Benefits of this technology:

* Increased efficiency and scalability by leveraging the strengths of different blockchains.
* Enhanced interoperability and compatibility between blockchain networks.
* Improved trust and security in cross-chain transactions and data transfers.


==Original Abstract Submitted==

a system for enabling communication between blockchains on heterogeneous blockchain networks. the system can include a sending blockchain network comprised of a sending blockchain that includes a plurality of blocks, each block including a block header and one or more transaction values associated with an identification request transmitted by the sending blockchain. the system can include a directory service node configured to receive the identification request from the sending blockchain, and identify a receiving blockchain, which forms part of a receiving blockchain network. the system can include an identity service node configured to receive a trust request from the directory service node to determine whether a valid trust certificate is available for the receiving blockchain, and enable communication between the sending blockchain and the receiving blockchain, when the valid trust certificate is determined to be available.



[[Category:G06Q20/36]]
[[Category:H04L9/06]]
[[Category:G06N20/00]]
[[Category:H04L67/133]]