Capital One Services, LLC (20240235859). SYSTEMS AND METHODS FOR CONDITIONAL DISTRIBUTION OF AGGREGATED CRYPTOGRAPHIC DATA BASED ON A TRIGGER simplified abstract
SYSTEMS AND METHODS FOR CONDITIONAL DISTRIBUTION OF AGGREGATED CRYPTOGRAPHIC DATA BASED ON A TRIGGER
Organization Name
Inventor(s)
Kevin Osborn of Newton Highlands MA (US)
Jeffrey Rule of Chevy Chase MD (US)
Samuel Rapowitz of Roswell GA (US)
SYSTEMS AND METHODS FOR CONDITIONAL DISTRIBUTION OF AGGREGATED CRYPTOGRAPHIC DATA BASED ON A TRIGGER - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240235859 titled 'SYSTEMS AND METHODS FOR CONDITIONAL DISTRIBUTION OF AGGREGATED CRYPTOGRAPHIC DATA BASED ON A TRIGGER
The abstract describes a system and methods for managing on-chain cryptographic resources based on conditions triggered off-chain. The system can receive a transfer request with a resource allocation request, generate blockchain function requests for contributor identifiers and condition sets, determine a subset of these identifiers and conditions, and transmit operation requests to a blockchain node.
- The system handles on-chain cryptographic resources based on off-chain triggers.
- It receives transfer requests with resource allocation requests.
- Generates blockchain function requests for contributor identifiers and condition sets.
- Determines a subset of contributor identifiers and conditions.
- Transmits operation requests to a blockchain node.
Potential Applications: This technology could be applied in various industries such as finance, supply chain management, and healthcare for secure and automated resource allocation based on predefined conditions.
Problems Solved: This technology addresses the need for efficient management of cryptographic resources in a secure and transparent manner, ensuring compliance with predefined conditions.
Benefits: The system provides a reliable and automated way to handle on-chain cryptographic resources, streamlining processes and reducing the risk of errors or fraud.
Commercial Applications: Title: Secure Resource Allocation System for Various Industries This technology could be commercially used in financial institutions, logistics companies, and healthcare organizations to automate resource allocation processes securely and efficiently.
Prior Art: Further research can be conducted in the field of blockchain technology, smart contracts, and decentralized applications to explore similar systems for managing cryptographic resources based on predefined conditions.
Frequently Updated Research: Stay updated on the latest advancements in blockchain technology, smart contracts, and decentralized applications to enhance the efficiency and security of resource allocation processes.
Questions about the technology: 1. How does this system ensure the security of on-chain cryptographic resources? 2. What are the potential risks associated with managing cryptographic resources based on off-chain triggers?
Original Abstract Submitted
system and methods for handling on-chain cryptographic resources based on conditions generated responsive to an off-chain trigger. the system may receive a transfer request that includes a resource allocation request, generate a first blockchain function request for a list of contributor identifiers and condition sets, receive the list of contributor identifiers and condition sets, determine a subset of the list of contributor identifiers and condition sets, generate a second blockchain function request, and transmit the second operation request to a blockchain node.
