17984497. 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 17984497 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. The proof of cache 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 cryptocurrency for faster and more secure transaction processing.
Problems Solved
This technology addresses the issue of slow transaction processing in payment systems by utilizing a proof of cache system to validate transactions quickly and efficiently.
Benefits
The benefits of this technology include improved transaction processing speed, enhanced security through encryption, and increased efficiency in payment systems.
Potential Commercial Applications
The technology could be commercially applied in payment processing companies, financial institutions, e-commerce platforms, and cryptocurrency exchanges to streamline transaction processing and enhance security measures.
Possible Prior Art
One possible prior art could be the use of cryptographic hashing algorithms in transaction processing systems to secure and validate transactions. However, the specific implementation of a proof of cache system using DAG nodes and Argon2d encryption may be a novel approach.
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 addresses scalability challenges in scenarios with a large number of transactions. Further information on this aspect would be beneficial for understanding the system's performance in real-world applications.
What measures are in place to prevent unauthorized access to the cached keys stored on DAG nodes?
The patent application does not elaborate on the security measures implemented to protect the cached keys from unauthorized access. Additional information on the encryption protocols or access control mechanisms would be essential for assessing the system's robustness against potential security threats.
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.
