BLOCKDAEMON INC. (20240380604). BLOCKCHAIN OPERATION AUTHORIZATION AND VERIFICATION simplified abstract
Contents
BLOCKCHAIN OPERATION AUTHORIZATION AND VERIFICATION
Organization Name
Inventor(s)
Christopher Sharp of Los Angeles CA (US)
Petar Kirov of Los Angeles CA (US)
Guillaume Lethuillier of Los Angeles CA (US)
Vincent Kobel of Los Angeles CA (US)
Morten Vaerum of Los Angeles CA (US)
BLOCKCHAIN OPERATION AUTHORIZATION AND VERIFICATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240380604 titled 'BLOCKCHAIN OPERATION AUTHORIZATION AND VERIFICATION
The abstract describes a system involving a remote server and an on-premises node for carrying out blockchain operations. The server receives parameters defining the operation, generates an operation payload, and sends it to the on-premises node. The node decodes the payload, compares the parameters, signs the payload if they match, and transmits it back to the server for broadcasting to the blockchain.
- The system involves a remote server and an on-premises node for blockchain operations.
- Parameters defining the operation are received and used to generate an operation payload.
- The payload is decoded by the on-premises node to extract parameters for comparison.
- If the parameters match, the node signs the payload and sends it back to the server for broadcasting to the blockchain.
- This process ensures secure and accurate execution of blockchain operations.
Potential Applications: - Secure and efficient execution of blockchain operations in various industries. - Streamlining processes that require verification and authorization through blockchain technology.
Problems Solved: - Ensures the accuracy and security of blockchain operations. - Simplifies the process of verifying and authorizing transactions on the blockchain.
Benefits: - Enhanced security and accuracy in blockchain operations. - Streamlined processes for verifying and authorizing transactions. - Increased efficiency in executing blockchain operations.
Commercial Applications: Title: Secure Blockchain Operation System This technology can be applied in industries such as finance, healthcare, supply chain management, and more for secure and efficient execution of blockchain operations. It can also be used by blockchain service providers to offer enhanced security and accuracy to their clients.
Prior Art: Further research can be conducted in the field of blockchain technology, specifically focusing on systems that involve remote servers and on-premises nodes for executing blockchain operations.
Frequently Updated Research: Stay updated on the latest advancements in blockchain technology, particularly in systems that enhance security and accuracy in blockchain operations.
Questions about Secure Blockchain Operation System: 1. How does the system ensure the accuracy of blockchain operations? The system compares parameters to verify the authenticity of the operation before signing and broadcasting it to the blockchain.
2. What industries can benefit from this technology? Various industries such as finance, healthcare, and supply chain management can benefit from the secure and efficient execution of blockchain operations provided by this system.
Original Abstract Submitted
a system may include a remote server and an on-premises node. the server may receive a first set of parameters defining a blockchain operation. the server may generate an operation payload based on the parameters. the on-premises node may receive the operation payload from the computing server and decode the operation payload to extract a second set of parameters reflected in the operation payload. the on-premises node may compare the second set of parameters to the first set of parameters to determine whether the second set matches the first set. if the parameters match, the on-premises node may sign cryptographically the operation payload and transmit the operation payload to the computing server for the computing server to broadcast the operation payload to a blockchain to carry out the blockchain operation.
