18587857. SYSTEM AND METHOD FOR A WEIGHTED SLOTTED SYNCHRONOUS BLOCKCHAIN CLIENT NETWORK simplified abstract (Tata Consultancy Services Limited)
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 18587857 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 network 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: - Secure and efficient transaction processing in blockchain networks. - Real-time monitoring and validation of transactions. - Improved scalability and reliability of blockchain systems.
Problems Solved: - Lack of synchronization assumptions in blockchain client networks. - Uncertainty in transaction confirmation times. - Inefficient transaction processing in blockchain networks.
Benefits: - Enhanced security and reliability of blockchain transactions. - Predictable transaction confirmation times. - Improved overall performance of blockchain networks.
Commercial Applications: Weight-based slotted synchronous blockchain client networks can be utilized in financial institutions, supply chain management, healthcare, and other industries requiring secure and efficient transaction processing.
Prior Art: Readers can explore existing research on blockchain consensus protocols and network synchrony assumptions to gain a deeper understanding of this technology.
Frequently Updated Research: Stay informed about the latest developments in blockchain consensus protocols and network synchronization to enhance the performance of blockchain client networks.
Questions about Weight-Based Slotted Synchronous Blockchain Client Network: 1. How does the weight-based approach improve transaction processing in blockchain networks? 2. What are the key advantages of maintaining synchrony between client nodes and blockchain nodes?
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.
