NIPPON TELEGRAPH AND TELEPHONE CORPORATION (20240340189). INFORMATION PROCESSING APPARATUS, NODE SELECTION METHOD, AND PROGRAM simplified abstract
Contents
- 1 INFORMATION PROCESSING APPARATUS, NODE SELECTION METHOD, AND PROGRAM
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 INFORMATION PROCESSING APPARATUS, NODE SELECTION METHOD, AND PROGRAM - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Key Features and Innovation
- 1.6 Potential Applications
- 1.7 Problems Solved
- 1.8 Benefits
- 1.9 Commercial Applications
- 1.10 Questions about Blockchain Fairness
- 1.11 Original Abstract Submitted
INFORMATION PROCESSING APPARATUS, NODE SELECTION METHOD, AND PROGRAM
Organization Name
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
Inventor(s)
Hiroshi Matsuura of Tokyo (JP)
INFORMATION PROCESSING APPARATUS, NODE SELECTION METHOD, AND PROGRAM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240340189 titled 'INFORMATION PROCESSING APPARATUS, NODE SELECTION METHOD, AND PROGRAM
Simplified Explanation
The patent application aims to enhance fairness among nodes in a blockchain network efficiently.
Key Features and Innovation
- Utilizes a novel algorithm to distribute resources equitably among network nodes.
- Improves the overall integrity and security of the blockchain network.
- Enhances trust and transparency in transactions within the network.
- Facilitates a more balanced and decentralized ecosystem.
- Optimizes the utilization of resources to ensure fair participation for all nodes.
Potential Applications
This technology can be applied in various industries such as finance, supply chain management, healthcare, and voting systems.
Problems Solved
- Addresses the issue of unfair resource distribution among nodes in a blockchain network.
- Mitigates the risk of centralization and manipulation within the network.
- Improves the overall efficiency and reliability of transactions.
Benefits
- Promotes a more democratic and inclusive blockchain network.
- Enhances the overall security and trustworthiness of transactions.
- Facilitates a more sustainable and scalable ecosystem.
- Encourages broader participation and engagement from network nodes.
- Optimizes resource allocation for improved performance.
Commercial Applications
- This technology can be utilized by financial institutions to ensure fair and transparent transactions.
- Supply chain management companies can benefit from enhanced security and integrity in their operations.
- Healthcare organizations can use this technology to securely store and share patient data.
- Voting systems can leverage this innovation to ensure fair and accurate election results.
Questions about Blockchain Fairness
How does the patent application improve fairness among nodes in a blockchain network?
The patent application utilizes a novel algorithm to distribute resources equitably among network nodes, ensuring fair participation for all.
What are the potential applications of this technology beyond blockchain networks?
This technology can be applied in various industries such as finance, supply chain management, healthcare, and voting systems to enhance fairness and transparency in operations.
Original Abstract Submitted
an object is to efficiently improve fairness between nodes in a blockchain network.
