Capital One Services, LLC (20240289444). SYSTEMS AND METHODS FOR PREVENTING COMMUNICATIONS WITH MALICIOUS CRYPTOGRAPHY-BASED STORAGE APPLICATION ADDRESSES USING CONSENSUS simplified abstract
SYSTEMS AND METHODS FOR PREVENTING COMMUNICATIONS WITH MALICIOUS CRYPTOGRAPHY-BASED STORAGE APPLICATION ADDRESSES USING CONSENSUS
Organization Name
Inventor(s)
Hazar Alsahnawi of McLean VA (US)
Austin Erickson of Herndon VA (US)
Shannon Yogerst of New York NY (US)
John E. Jones, Iv of Alexandria VA (US)
Michael Mossoba of Great Falls VA (US)
SYSTEMS AND METHODS FOR PREVENTING COMMUNICATIONS WITH MALICIOUS CRYPTOGRAPHY-BASED STORAGE APPLICATION ADDRESSES USING CONSENSUS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240289444 titled 'SYSTEMS AND METHODS FOR PREVENTING COMMUNICATIONS WITH MALICIOUS CRYPTOGRAPHY-BASED STORAGE APPLICATION ADDRESSES USING CONSENSUS
The abstract of this patent application describes systems and methods for preventing blockchain functions associated with malicious entities.
- A first blockchain status update is received from a first authorizing entity.
- A first counter and a first plurality of authorizing entities are determined.
- The first counter and the first plurality of authorizing entities are updated.
- The first counter is compared to a consensus threshold.
- A first instruction to block requests for communications to the first entity address is generated.
- A confirmation of the first instruction is generated for display.
Potential Applications: - Preventing malicious entities from exploiting blockchain functions. - Enhancing security and trust in blockchain transactions. - Safeguarding sensitive information stored on the blockchain.
Problems Solved: - Mitigating the risk of unauthorized access to blockchain data. - Protecting the integrity of blockchain networks. - Ensuring the reliability of blockchain transactions.
Benefits: - Increased security and transparency in blockchain operations. - Reduced vulnerability to cyber attacks and fraud. - Enhanced trust among users of blockchain technology.
Commercial Applications: Title: Blockchain Security System for Preventing Malicious Activities This technology can be applied in industries such as finance, healthcare, supply chain management, and legal sectors to secure sensitive data and transactions on the blockchain. It can also be utilized by blockchain service providers and cybersecurity firms to offer enhanced security solutions to their clients.
Questions about Blockchain Security System for Preventing Malicious Activities: 1. How does this technology contribute to the overall security of blockchain networks? - This technology enhances security by preventing malicious entities from exploiting blockchain functions and accessing sensitive data.
2. What are the potential implications of this technology for industries using blockchain technology? - Industries such as finance, healthcare, and supply chain management can benefit from increased security and trust in blockchain transactions.
Original Abstract Submitted
systems and methods for preventing blockchain functions associated with malicious entities are disclosed herein. a first blockchain status update may be received from a first authorizing entity. a first counter and a first plurality of authorizing entities can be determined. the first counter and the first plurality of authorizing entities can be updated. the first counter can be compared to a consensus threshold. a first instruction to block requests for communications to the first entity address can be generated. a confirmation of the first instruction can be generated for display.
