CITIBANK, N.A. (20240211939). SYSTEMS AND METHODS FOR MULTI-ENTITY BLOCKCHAIN-BASED EVENT BREAK PREVENTION simplified abstract
Contents
SYSTEMS AND METHODS FOR MULTI-ENTITY BLOCKCHAIN-BASED EVENT BREAK PREVENTION
Organization Name
Inventor(s)
Shishir Singh of New York NY (US)
SYSTEMS AND METHODS FOR MULTI-ENTITY BLOCKCHAIN-BASED EVENT BREAK PREVENTION - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240211939 titled 'SYSTEMS AND METHODS FOR MULTI-ENTITY BLOCKCHAIN-BASED EVENT BREAK PREVENTION
The abstract describes a computer-implemented method that involves receiving event requests, transmitting subsets of event attributes to different sets of nodes, comparing the attributes received by each set of nodes, and adding a block instance to a blockchain.
- The method involves handling event requests between two computing devices.
- Event attributes are divided into subsets and transmitted to various nodes for processing.
- Nodes compare the subsets of attributes they receive to ensure consistency.
- The final step involves adding a block instance to a blockchain for record-keeping.
- This method streamlines event processing and ensures data integrity in a distributed system.
Potential Applications: - This technology can be applied in distributed systems for efficient event handling. - It can be used in blockchain networks to enhance data verification processes.
Problems Solved: - Ensures accurate and consistent processing of event attributes. - Facilitates secure and transparent record-keeping on a blockchain.
Benefits: - Improved reliability and integrity of event processing. - Enhanced security and transparency in data transactions.
Commercial Applications: Title: Enhanced Event Processing System for Distributed Networks This technology can be utilized in industries such as finance, supply chain management, and healthcare for secure and efficient data processing. It can also benefit companies looking to enhance the reliability of their distributed systems.
Prior Art: Researchers can explore existing patents related to event processing in distributed systems and blockchain technology to gain insights into similar innovations.
Frequently Updated Research: Researchers can stay updated on advancements in event processing systems, blockchain technology, and distributed computing to further enhance the efficiency and security of data transactions.
Questions about the Technology: 1. How does this method improve the reliability of event processing in distributed systems? 2. What are the potential implications of using blockchain technology for data verification in this context?
Original Abstract Submitted
a computer-implemented method comprising receiving a first event request corresponding to a pending event between a first computing device and a second computing device, the first event request comprising a first set of event attributes corresponding to the pending event; transmitting, each of a plurality of first subsets of event attributes to a different set of nodes; receiving a second event request corresponding to the pending event between the first computing device and the second computing device; and transmitting each of the plurality of second subsets of event attributes to a different set of the plurality of sets of nodes, wherein each of the plurality of sets of nodes compares the first subset of event attributes that the set of nodes receives with the second subset of event attributes that the set of nodes receives; and a block instance corresponding to the pending event to a blockchain.
