17984543. Proof of Cache Using Argon2d Cryptographic Hashing in Payment Processing simplified abstract (Bank of America Corporation)
Contents
- 1 Proof of Cache Using Argon2d Cryptographic Hashing in Payment Processing
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 Proof of Cache Using Argon2d Cryptographic Hashing in Payment Processing - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Original Abstract Submitted
Proof of Cache Using Argon2d Cryptographic Hashing in Payment Processing
Organization Name
Inventor(s)
Elvis Nyamwange of Little Elm TX (US)
Proof of Cache Using Argon2d Cryptographic Hashing in Payment Processing - A simplified explanation of the abstract
This abstract first appeared for US patent application 17984543 titled 'Proof of Cache Using Argon2d Cryptographic Hashing in Payment Processing
Simplified Explanation
The patent application describes a method, system, and apparatus for improving transaction processing speed in payment systems using a proof of cache system. This system validates transactions using cached keys stored on Directed Acyclic Graph (DAG) nodes, which are encrypted using Argon2d cryptographic hashing.
- The proof of cache system is utilized to enhance transaction processing speed in payment systems.
- Cached keys stored on DAG nodes are used to validate transactions.
- The cached keys are encrypted using Argon2d cryptographic hashing.
Potential Applications
The technology described in the patent application could be applied in various industries such as finance, e-commerce, and blockchain.
Problems Solved
The innovation addresses the issue of slow transaction processing in payment systems by implementing a proof of cache system that utilizes cached keys stored on DAG nodes.
Benefits
The benefits of this technology include improved transaction processing speed, enhanced security through encryption, and increased efficiency in payment systems.
Potential Commercial Applications
A potential commercial application of this technology could be in developing faster and more secure payment processing systems for online retailers.
Possible Prior Art
One possible prior art could be the use of blockchain technology for secure transactions, but the specific implementation of a proof of cache system using DAG nodes and Argon2d cryptographic hashing may be novel.
Unanswered Questions
How does the proof of cache system handle scalability in high-volume transaction environments?
The patent application does not provide details on how the proof of cache system can scale to handle a large number of transactions efficiently.
What are the potential limitations or vulnerabilities of using cached keys stored on DAG nodes for transaction validation?
The patent application does not discuss any potential drawbacks or vulnerabilities associated with using cached keys on DAG nodes for transaction validation.
Original Abstract Submitted
Aspects of the disclosure relate to methods, systems, and apparatuses for improving speed of transaction processing in payment systems using a proof of cache system. The proof of cache system may be used to validate transactions using cached keys stored on Directed Acyclic Graph (DAG) nodes that are available. The cached keys may be encrypted using Argon2d cryptographic hashing.
