Cisco Technology, Inc. (20240257119). FREIGHT MANAGEMENT SYSTEM simplified abstract
Contents
- 1 FREIGHT MANAGEMENT SYSTEM
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 FREIGHT MANAGEMENT SYSTEM - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Key Features and Innovation
- 1.6 Potential Applications
- 1.7 Problems Solved
- 1.8 Benefits
- 1.9 Commercial Applications
- 1.10 Questions about Blockchain Network for Rate Card Data Records and Data Transactions
- 1.11 Frequently Updated Research
- 1.12 Original Abstract Submitted
FREIGHT MANAGEMENT SYSTEM
Organization Name
Inventor(s)
D. Brice Achkir of Livermore CA (US)
Kaushal Sanjay Mhalgi of San Jose CA (US)
Gautam Khandelwal of Tracy CA (US)
FREIGHT MANAGEMENT SYSTEM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240257119 titled 'FREIGHT MANAGEMENT SYSTEM
Simplified Explanation
The patent application describes methods for entities to collaborate securely using a blockchain network for rate card data records and data transactions triggering events.
- A computing device obtains a rate card data record from an enterprise's blockchain node.
- The data record includes a unique identifier, primary information, and changing data values.
- Using smart contracts, the device generates a data transaction based on the data record.
- The transaction is sent to another blockchain node, triggering an executable event.
Key Features and Innovation
- Secure collaboration using blockchain technology.
- Rate card data records stored in a distributed ledger blockchain.
- Data transactions generated based on set rules in smart contracts.
- Triggering of executable events through data transactions.
Potential Applications
The technology can be applied in various industries such as finance, supply chain management, and healthcare for secure collaboration and data transactions.
Problems Solved
The technology addresses the need for secure and transparent collaboration between entities, ensuring the integrity of rate card data records and triggering events based on data transactions.
Benefits
- Enhanced security and transparency in collaboration.
- Efficient handling of rate card data records.
- Automation of events triggered by data transactions.
Commercial Applications
The technology can be utilized in industries requiring secure data collaboration, such as financial services, logistics, and healthcare, to streamline processes and ensure data integrity.
Questions about Blockchain Network for Rate Card Data Records and Data Transactions
1. How does the technology ensure the security of rate card data records in the blockchain network? 2. What are the potential challenges in implementing this technology in different industries?
Frequently Updated Research
Stay updated on the latest advancements in blockchain technology for secure collaboration and data transactions in various industries.
Original Abstract Submitted
methods that provide a blockchain network for entities to securely collaborate with respect to rate card data records and data transactions triggering various events. in these methods, a computing device obtains, from a first blockchain node of an enterprise, via a blockchain channel, a rate card data record that includes at least one unique identifier, primary information about the rate card data record, and a plurality of data values that change over time. the rate card data record is in a form of a distributed ledger blockchain. the computing device generates, using a set of rules in a smart contract, a data transaction based on one or more values in the rate card data record. the data transaction is in the form of the distributed ledger blockchain. the computing device further provides, to a second blockchain node, via the blockchain channel, the data transaction that triggers an executable event.
