AT&T Intellectual Property I, LP. (20240250802). METHODS, SYSTEMS, AND DEVICES FOR CONFIGURING A FEDERATED BLOCKCHAIN NETWORK simplified abstract
Contents
METHODS, SYSTEMS, AND DEVICES FOR CONFIGURING A FEDERATED BLOCKCHAIN NETWORK
Organization Name
AT&T Intellectual Property I, LP.
Inventor(s)
Thyge Knuhtsen of Dallas TX (US)
Humayun Arif of Frisco TX (US)
METHODS, SYSTEMS, AND DEVICES FOR CONFIGURING A FEDERATED BLOCKCHAIN NETWORK - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240250802 titled 'METHODS, SYSTEMS, AND DEVICES FOR CONFIGURING A FEDERATED BLOCKCHAIN NETWORK
The patent application involves a method for setting up a federated blockchain network by obtaining a master-slave agreement and a network configuration from a user device, transmitting this configuration to a cloud service provider node, generating credentials, and configuring blockchain nodes based on these credentials and configurations.
- Obtaining a master-slave agreement and a network configuration from a user device
- Transmitting the network configuration to a cloud service provider node
- Generating credentials and transmitting them to the cloud service provider node
- Configuring a group of blockchain nodes based on the credentials and network configuration
- Transmitting credentials to a public server, which sends them to a public blockchain node for further configuration
- Creating a federated blockchain network comprising multiple groups of blockchain nodes
Potential Applications: - Secure and efficient setup of federated blockchain networks - Decentralized and transparent data management systems - Enhanced collaboration and trust among multiple parties in a network
Problems Solved: - Simplifying the process of setting up federated blockchain networks - Ensuring secure and reliable configuration of blockchain nodes - Facilitating interoperability between private and public blockchain networks
Benefits: - Improved data security and integrity - Streamlined network configuration process - Enhanced trust and collaboration among network participants
Commercial Applications: Title: "Efficient Setup of Federated Blockchain Networks for Enhanced Data Security" Potential commercial uses include: - Financial institutions for secure transaction processing - Supply chain management for transparent tracking of goods - Healthcare industry for secure and private patient data management
Questions about Federated Blockchain Networks: 1. How does the method ensure the security of credentials transmitted to cloud service provider nodes? 2. What are the advantages of using a federated blockchain network over a traditional centralized system?
Frequently Updated Research: Stay updated on the latest advancements in federated blockchain network technology to ensure optimal network performance and security.
Original Abstract Submitted
aspects of the subject disclosure may include, for example, obtaining, from a user device, a master-slave agreement and a first network configuration for a federated blockchain network, transmitting to a cloud service provider (csp) node the first network configuration, generating first credentials, and transmitting the first credentials to the csp node. the csp node configures a first group of blockchain nodes according to the first network configuration and the first credentials. further embodiments include transmitting the first credentials to a public server that sends it to a public blockchain node and an indication to generate a portion of the federated blockchain network. the public blockchain node configures a second group of blockchain nodes according to a second network configuration based on a public blockchain smart contract. the federated blockchain network comprises the first group of blockchain nodes and the second group of blockchain nodes. other embodiments are disclosed.
