CHINA UNIONPAY CO., LTD. (20240320668). TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM simplified abstract
Contents
TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM
Organization Name
Inventor(s)
TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240320668 titled 'TRANSACTION PROCESSING METHOD AND APPARATUS, AND DEVICE AND STORAGE MEDIUM
Simplified Explanation: The patent application describes a method for processing transactions that involves communication between a blockchain and an off-chain payment system.
- When a transaction request is received from a blockchain, a corresponding pre-processing request is sent to the off-chain payment system.
- The off-chain payment system performs a pre-processing operation and sends the outcome back to the blockchain.
- Once the blockchain generates an on-chain transaction outcome, an instruction note is sent to the off-chain payment system to perform an off-chain processing operation.
Key Features and Innovation:
- Communication between blockchain and off-chain payment system for transaction processing.
- Pre-processing of transactions by the off-chain payment system.
- Coordination between on-chain and off-chain processing for transaction outcomes.
Potential Applications: This technology can be applied in various industries such as finance, e-commerce, and supply chain management for secure and efficient transaction processing.
Problems Solved: This technology addresses the need for seamless integration between blockchain and off-chain payment systems for transaction processing.
Benefits:
- Improved transaction processing efficiency.
- Enhanced security through coordination between on-chain and off-chain systems.
- Streamlined communication for transaction outcomes.
Commercial Applications: The technology can be utilized by financial institutions, online retailers, and logistics companies to optimize transaction processing and enhance security measures.
Prior Art: Readers can explore prior research on blockchain transaction processing methods and off-chain payment system integration to understand the evolution of this technology.
Frequently Updated Research: Stay updated on the latest advancements in blockchain technology and off-chain payment system integration for transaction processing to leverage the most current innovations in the field.
Questions about Transaction Processing Technology: 1. How does this technology improve transaction processing efficiency compared to traditional methods? 2. What are the key security benefits of integrating blockchain and off-chain payment systems for transaction processing?
Original Abstract Submitted
a transaction processing method includes, when receiving a transaction request sent by a blockchain, sending a corresponding transaction pre-processing request to an off-chain payment system, so that the off-chain payment system performs a corresponding transaction pre-processing operation, to obtain a transaction pre-processing outcome; receiving the transaction pre-processing outcome sent by the off-chain payment system, and sending the transaction pre-processing outcome to the blockchain; and when it is detected that the blockchain has generated an on-chain transaction outcome corresponding to the transaction request, sending a transaction instruction note to the off-chain payment system, where the transaction instruction note is used to instruct the off-chain payment system to perform a corresponding off-chain processing operation to obtain an off-chain transaction outcome corresponding to the transaction request. the on-chain transaction outcome is obtained by the blockchain that performs an on-chain processing operation corresponding to the transaction request based on the transaction pre-processing outcome.
