Tata Consultancy Services Limited (20240323030). SYSTEM AND METHOD FOR A WEIGHTED SLOTTED SYNCHRONOUS BLOCKCHAIN CLIENT NETWORK simplified abstract
Contents
SYSTEM AND METHOD FOR A WEIGHTED SLOTTED SYNCHRONOUS BLOCKCHAIN CLIENT NETWORK
Organization Name
Tata Consultancy Services Limited
Inventor(s)
Vigneswaran Ramachandran of Chennai (IN)
Rajan Mindigal Alasingara Bhattachar of Bangalore (IN)
Sachin Premsukh Lodha of Pune (IN)
SYSTEM AND METHOD FOR A WEIGHTED SLOTTED SYNCHRONOUS BLOCKCHAIN CLIENT NETWORK - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240323030 titled 'SYSTEM AND METHOD FOR A WEIGHTED SLOTTED SYNCHRONOUS BLOCKCHAIN CLIENT NETWORK
The present disclosure introduces a weight-based slotted synchronous blockchain client network. This innovation addresses the lack of attention given to synchrony assumptions on blockchain client networks, which are crucial for determining transaction confirmation times.
- The blockchain client network is slotted, allowing only one transaction per slot from a client node.
- Synchrony is maintained between client nodes and blockchain nodes.
- Each submitted transaction has an upper-bound on the number of slots before being received by a blockchain node.
Potential Applications: - Financial transactions - Supply chain management - Voting systems - Smart contracts - Digital identity verification
Problems Solved: - Improving transaction confirmation times - Enhancing network synchrony - Increasing blockchain scalability
Benefits: - Faster and more reliable transactions - Enhanced security through synchrony - Scalability for growing networks
Commercial Applications: Title: "Revolutionizing Transaction Speeds: The Future of Blockchain Networks" This technology could be utilized by financial institutions, logistics companies, government agencies, and any organization requiring secure and efficient transaction processing.
Questions about Weight-Based Slotted Synchronous Blockchain Client Network: 1. How does this innovation improve transaction confirmation times compared to traditional blockchain networks?
This technology ensures that transactions are processed in a timely manner by limiting the number of transactions per slot, enhancing network synchrony.
2. What are the key benefits of maintaining synchrony between client nodes and blockchain nodes?
Synchrony ensures that transactions are processed consistently across the network, reducing the risk of delays or discrepancies in transaction confirmations.
Original Abstract Submitted
the present disclosure provides weight based slotted synchronous blockchain client network. conventional blockchain consensus protocols heavily rely on synchrony assumptions of the underlying network. however, little attention has so far been given to similar assumptions on blockchain client networks. such assumptions would be useful in deriving bounds on confirmation times of transactions through the blockchain protocol. to overcome the challenges of the conventional approaches, the present disclosure provides a weight based slotted synchronous blockchain client network. the blockchain client network of the present disclosure is slotted, wherein at most one transaction is submitted in each slot by one of the client nodes. further, there exists a notion of synchrony in the peering between the client nodes and the blockchain nodes. in an embodiment, for each submitted transaction, there is an upper-bound on the number of slots on the reception of the said transaction at an arbitrary blockchain node.
