Blockdaemon Inc. (20240311777). METHOD AND APPARATUS FOR BLOCKCHAIN MANAGEMENT simplified abstract
Contents
METHOD AND APPARATUS FOR BLOCKCHAIN MANAGEMENT
Organization Name
Inventor(s)
Matthew Benjamin Smith of Marina Del Rey CA (US)
Julian Vergel De Dios of Los Angeles CA (US)
Sivasubramanian Hyderabadkannan of Redondo Beach CA (US)
Joshua Lederman of Playa Vista CA (US)
METHOD AND APPARATUS FOR BLOCKCHAIN MANAGEMENT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240311777 titled 'METHOD AND APPARATUS FOR BLOCKCHAIN MANAGEMENT
The system described in the abstract is a versatile platform for creating, deploying, and managing distributed applications that interact with multiple blockchain technologies. It utilizes microservices to encapsulate functionality, protect sensitive data, enable efficient scaling, and support future improvements and blockchain technologies. The system employs an event-driven architecture to build responsive systems while offering flexibility for different modes of operation. It provides high-level abstractions in a familiar programming environment to simplify development of extensions, adapters, and applications.
- Scalable, flexible, and extensible platform for building distributed applications
- Utilizes microservices to encapsulate functionality and protect sensitive data
- Implements event-driven architecture for fast and responsive systems
- Provides high-level abstractions for simplified development
- Supports future improvements and new blockchain technologies
Potential Applications: - Building decentralized applications - Managing transactions securely - Implementing smart contracts - Creating blockchain-based financial systems
Problems Solved: - Simplifying development of distributed applications - Ensuring scalability and flexibility in blockchain technology - Protecting sensitive data in decentralized systems
Benefits: - Efficient scaling of distributed applications - Simplified development process - Enhanced security for blockchain interactions
Commercial Applications: The system can be used in industries such as finance, healthcare, supply chain management, and more to create secure and efficient decentralized applications.
Prior Art: Readers can explore prior research on microservices, event-driven architecture, and blockchain technology to understand the background of this system.
Frequently Updated Research: Stay informed about the latest advancements in blockchain technology, microservices, and event-driven architecture to enhance the functionality of the system.
Questions about the system: 1. How does the system ensure the security of sensitive data in distributed applications? The system utilizes microservices to isolate and protect sensitive data, ensuring secure interactions with blockchain technologies.
2. Can the system support future improvements and new blockchain technologies? Yes, the system is designed to be flexible and extensible, allowing for easy integration of new blockchain technologies and enhancements in the future.
Original Abstract Submitted
the system is a scalable, flexible, and extensible platform for building, deploying, and managing distributed applications that interact with multiple blockchain technologies. the system implements well-defined and well-managed microservices to encapsulate functionality, isolate sensitive data, enable responsive and efficient scaling, and provide a framework for future improvements and support for future blockchain technologies. the system in one embodiment uses an event-driven architecture to construct fast, responsive systems, but still provide support for alternate modes of operation. the system exposes high-level abstractions of the foundational elements of distributed applications in a powerful, well-understood programming environment to simplify development of extensions, adapters, and applications.
