BANCO DAVIVIENDA S.A. (20240232862). METHOD FOR TRANSFERRING DATA OVER A BLOCKCHAIN NETWORK FOR DIGITAL TRANSACTIONS simplified abstract

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METHOD FOR TRANSFERRING DATA OVER A BLOCKCHAIN NETWORK FOR DIGITAL TRANSACTIONS

Organization Name

BANCO DAVIVIENDA S.A.

Inventor(s)

Charly Agudelo of Mosquera (CO)

[[:Category:Daniel Ricardo G�lvan of Bogotá (CO)|Daniel Ricardo G�lvan of Bogotá (CO)]][[Category:Daniel Ricardo G�lvan of Bogotá (CO)]]

[[:Category:Oscar Andrés Le�n of Medellín (CO)|Oscar Andrés Le�n of Medellín (CO)]][[Category:Oscar Andrés Le�n of Medellín (CO)]]

[[:Category:Yesika Padilla Ya�ez of Bogotá (CO)|Yesika Padilla Ya�ez of Bogotá (CO)]][[Category:Yesika Padilla Ya�ez of Bogotá (CO)]]

[[:Category:Alejandro Clavijo S�nchez of Bogotá (CO)|Alejandro Clavijo S�nchez of Bogotá (CO)]][[Category:Alejandro Clavijo S�nchez of Bogotá (CO)]]

METHOD FOR TRANSFERRING DATA OVER A BLOCKCHAIN NETWORK FOR DIGITAL TRANSACTIONS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240232862 titled 'METHOD FOR TRANSFERRING DATA OVER A BLOCKCHAIN NETWORK FOR DIGITAL TRANSACTIONS

    • Simplified Explanation:**

The patent application is about methods and systems for transferring data in a blockchain network, specifically focusing on creating and encrypting electronic wallets in blockchain networks and carrying out data transactions.

    • Key Features and Innovation:**
  • Computer-implemented methods for creating and encrypting electronic wallets in blockchain networks.
  • Systems and methods for data transactions in the blockchain network.
    • Potential Applications:**

This technology can be applied in various industries such as finance, supply chain management, healthcare, and more where secure data transactions are essential.

    • Problems Solved:**

The technology addresses the need for secure and efficient data transfer in blockchain networks, ensuring the protection of sensitive information.

    • Benefits:**
  • Enhanced security for electronic wallets in blockchain networks.
  • Efficient data transactions in the blockchain network.
  • Improved trust and transparency in data exchanges.
    • Commercial Applications:**

The technology can be utilized in financial institutions, e-commerce platforms, healthcare organizations, and other sectors requiring secure data transactions in a blockchain network.

    • Prior Art:**

Readers can start searching for prior art related to this technology by exploring patents and research papers in the field of blockchain technology, data encryption, and secure data transactions.

    • Frequently Updated Research:**

Stay updated on the latest advancements in blockchain technology, data encryption methods, and secure data transactions to enhance the effectiveness of this innovation.

    • Questions about Blockchain Data Transfer:**

1. How does this technology improve the security of electronic wallets in blockchain networks? 2. What are the potential commercial applications of this innovation in different industries?


Original Abstract Submitted

the present disclosure relates to methods and systems for transferring data in a blockchain network. specifically, the present disclosure relates to computer-implemented methods for creating and encrypting electronic wallets in blockchain networks and systems and methods configured to carry out data transactions in the blockchain network.

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