NChain Licensing AG (20240348442). MAINTAINING BLOCKS OF A BLOCKCHAIN IN A PARTITIONED BLOCKCHAIN NETWORK simplified abstract
Contents
MAINTAINING BLOCKS OF A BLOCKCHAIN IN A PARTITIONED BLOCKCHAIN NETWORK
Organization Name
Inventor(s)
Bassem Ammar of Lancaster (GB)
MAINTAINING BLOCKS OF A BLOCKCHAIN IN A PARTITIONED BLOCKCHAIN NETWORK - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240348442 titled 'MAINTAINING BLOCKS OF A BLOCKCHAIN IN A PARTITIONED BLOCKCHAIN NETWORK
The abstract describes a computer-implemented method and system for maintaining blocks of a blockchain across nodes of a sharded blockchain network.
- The method involves a given node generating data representing a new block of the blockchain and storing the data.
- The data includes a list of transaction identifiers for transactions in the new block and a partial Merkle tree for the new block.
Potential Applications:
- This technology can be applied in various industries such as finance, supply chain management, and healthcare for secure and efficient transaction processing.
- It can also be used in voting systems, digital identity verification, and smart contracts.
Problems Solved:
- Ensures the integrity and security of transactions across a sharded blockchain network.
- Improves scalability and performance of blockchain networks by distributing data processing across multiple nodes.
Benefits:
- Enhanced security and transparency in transaction processing.
- Increased efficiency and scalability of blockchain networks.
- Facilitates the adoption of blockchain technology in various industries.
Commercial Applications:
- This technology can be utilized by financial institutions, logistics companies, and government agencies for secure and efficient data management.
- It can also benefit blockchain platforms and developers looking to enhance the performance of their networks.
Prior Art:
- Researchers and developers can explore existing patents and publications related to sharded blockchain networks, transaction processing, and data storage techniques.
Frequently Updated Research:
- Stay informed about the latest advancements in sharded blockchain technology, distributed ledger systems, and decentralized applications.
Questions about Sharded Blockchain Networks: 1. How does sharding improve the scalability of blockchain networks?
Sharding divides the blockchain network into smaller, manageable parts called shards, allowing for parallel processing of transactions and data.
2. What are the key challenges in implementing sharded blockchain networks?
Some challenges include ensuring data consistency across shards, managing cross-shard transactions, and maintaining network security.
Original Abstract Submitted
a computer-implemented method and system is provided that maintains blocks of a blockchain across nodes of a sharded blockchain network, wherein each node is a member of one or more shards of a plurality of active shards. the method and system employ a given node that is a member of a particular subset of the plurality of active shards to generate data representing a new block of the blockchain and store the data representing the new block. such data includes i) a list of transaction identifiers for transactions that are part of the new block and associated with the particular subset of the plurality of active shards, and/or ii) a partial merkle tree for the new block.
