17457650. COMPRESSIBLE BLOCKCHAINS simplified abstract (INTERNATIONAL BUSINESS MACHINES CORPORATION)

From WikiPatents
Revision as of 06:58, 4 January 2024 by Wikipatents (talk | contribs) (Creating a new page)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

COMPRESSIBLE BLOCKCHAINS

Organization Name

INTERNATIONAL BUSINESS MACHINES CORPORATION

Inventor(s)

Francis Mcnamee of Newry (GB)

Paula May Tomaszko of Belfast (GB)

Andrew Jack Bell of Belfast (GB)

Robert Kerr of Cambridge (GB)

COMPRESSIBLE BLOCKCHAINS - A simplified explanation of the abstract

This abstract first appeared for US patent application 17457650 titled 'COMPRESSIBLE BLOCKCHAINS

Simplified Explanation

The abstract of this patent application describes a process for a node in a blockchain network to receive operations, determine account dispositions, and generate an account disposition block.

  • The node receives one or more operations to be included in a block.
  • The node also receives a previous Merkle root, which represents previously determined account dispositions from a previous block.
  • The node resolves the operations based on the previous account dispositions to determine current account dispositions.
  • The node creates a current Merkle root for the current account dispositions.
  • The node hashes the current data, which includes the current Merkle root and the previous Merkle root, to generate an account disposition block.

Potential Applications

  • This technology can be applied in various industries that require secure and transparent record-keeping, such as finance, supply chain management, and healthcare.
  • It can be used to track and verify transactions, ownership, and other important data in a decentralized and tamper-resistant manner.

Problems Solved

  • The technology solves the problem of maintaining an accurate and trustworthy record of transactions and account dispositions in a blockchain network.
  • It ensures that the account dispositions are resolved correctly based on the previous state, preventing any inconsistencies or fraudulent activities.

Benefits

  • The use of blockchain technology provides transparency, immutability, and security to the record-keeping process.
  • The process described in the patent application allows for efficient and reliable determination of current account dispositions.
  • The generation of account disposition blocks ensures the integrity and consistency of the blockchain network.


Original Abstract Submitted

A node in a blockchain network may invoke a process comprising receiving one or more operations for inclusion in a block, receiving a previous Merkle root created from previously determined account dispositions from a previous block, resolving the one or more operations based on the previous account dispositions to determine one or more current account dispositions, creating a current Merkle root for the one or more current account dispositions, and hashing current data for the current block, the data comprising the current Merkel root and the previous Merkle root to generate an account disposition block.

Retrieved from "http://wikipatents.org/index.php?title=17457650._COMPRESSIBLE_BLOCKCHAINS_simplified_abstract_(INTERNATIONAL_BUSINESS_MACHINES_CORPORATION)&oldid=25823"