View source for CHINA UNIONPAY CO., LTD. (20240320668). TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM simplified abstract

=TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM=


==Organization Name==

[[:Category:CHINA UNIONPAY CO., LTD.|CHINA UNIONPAY CO., LTD.]]


[[Category:CHINA UNIONPAY CO., LTD.]]

==Inventor(s)==

[[:Category:Yuzhuang Xu of Shanghai (CN)|Yuzhuang Xu of Shanghai (CN)]][[Category:Yuzhuang Xu of Shanghai (CN)]]

==TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240320668 titled 'TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM

'''Simplified Explanation:'''
The patent application describes a method for processing transactions that involves communication between a blockchain and an off-chain payment system.

* When a transaction request is received from a blockchain, a corresponding pre-processing request is sent to the off-chain payment system.
* The off-chain payment system performs a pre-processing operation and sends the outcome back to the blockchain.
* Once the blockchain generates an on-chain transaction outcome, an instruction note is sent to the off-chain payment system to perform an off-chain processing operation.

'''Key Features and Innovation:'''
* Communication between blockchain and off-chain payment system for transaction processing.
* Pre-processing of transactions by the off-chain payment system.
* Coordination between on-chain and off-chain processing for transaction outcomes.

'''Potential Applications:'''
This technology can be applied in various industries such as finance, e-commerce, and supply chain management for secure and efficient transaction processing.

'''Problems Solved:'''
This technology addresses the need for seamless integration between blockchain and off-chain payment systems for transaction processing.

'''Benefits:'''
* Improved transaction processing efficiency.
* Enhanced security through coordination between on-chain and off-chain systems.
* Streamlined communication for transaction outcomes.

'''Commercial Applications:'''
The technology can be utilized by financial institutions, online retailers, and logistics companies to optimize transaction processing and enhance security measures.

'''Prior Art:'''
Readers can explore prior research on blockchain transaction processing methods and off-chain payment system integration to understand the evolution of this technology.

'''Frequently Updated Research:'''
Stay updated on the latest advancements in blockchain technology and off-chain payment system integration for transaction processing to leverage the most current innovations in the field.

'''Questions about Transaction Processing Technology:'''
1. How does this technology improve transaction processing efficiency compared to traditional methods?
2. What are the key security benefits of integrating blockchain and off-chain payment systems for transaction processing?


==Original Abstract Submitted==

a transaction processing method includes, when receiving a transaction request sent by a blockchain, sending a corresponding transaction pre-processing request to an off-chain payment system, so that the off-chain payment system performs a corresponding transaction pre-processing operation, to obtain a transaction pre-processing outcome; receiving the transaction pre-processing outcome sent by the off-chain payment system, and sending the transaction pre-processing outcome to the blockchain; and when it is detected that the blockchain has generated an on-chain transaction outcome corresponding to the transaction request, sending a transaction instruction note to the off-chain payment system, where the transaction instruction note is used to instruct the off-chain payment system to perform a corresponding off-chain processing operation to obtain an off-chain transaction outcome corresponding to the transaction request. the on-chain transaction outcome is obtained by the blockchain that performs an on-chain processing operation corresponding to the transaction request based on the transaction pre-processing outcome.



[[Category:G06Q20/38]]
[[Category:CPC_G06Q20/389]]