DMG Blockchain Solutions Inc. (20240265389). CRYPTOGRAPHIC PROTOCOL INCLUDING PAIRED CRYPTOGRAPHIC EVENTS ASSOCIATED WITH A BLOCKCHAIN simplified abstract
Contents
- 1 CRYPTOGRAPHIC PROTOCOL INCLUDING PAIRED CRYPTOGRAPHIC EVENTS ASSOCIATED WITH A BLOCKCHAIN
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 CRYPTOGRAPHIC PROTOCOL INCLUDING PAIRED CRYPTOGRAPHIC EVENTS ASSOCIATED WITH A BLOCKCHAIN - 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 Prior Art
- 1.11 Frequently Updated Research
- 1.12 Questions about Custom Paired Event Generation Protocol
- 1.13 Original Abstract Submitted
CRYPTOGRAPHIC PROTOCOL INCLUDING PAIRED CRYPTOGRAPHIC EVENTS ASSOCIATED WITH A BLOCKCHAIN
Organization Name
Inventor(s)
Steven Eliscu of San Mateo CA (US)
Sheldon Bennett of Surrey (CA)
CRYPTOGRAPHIC PROTOCOL INCLUDING PAIRED CRYPTOGRAPHIC EVENTS ASSOCIATED WITH A BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240265389 titled 'CRYPTOGRAPHIC PROTOCOL INCLUDING PAIRED CRYPTOGRAPHIC EVENTS ASSOCIATED WITH A BLOCKCHAIN
Simplified Explanation
The patent application describes systems and methods for processing events transmitted by an application to hashing processors using a custom paired event generation protocol. This protocol allows creators of events to have control over which hashing processors process their events and which other events will be hashed into a block with their events.
Key Features and Innovation
- Custom paired event generation protocol independent of vanilla blockchain protocols
- Additional scripts transmitted with events to generate paired events
- Users have agency in determining which hashing processors process their events
- Blocks appended to the blockchain according to vanilla blockchain protocol
Potential Applications
This technology could be applied in various industries such as finance, supply chain management, and healthcare where secure and intentional processing of events is crucial.
Problems Solved
This technology addresses the issue of lack of control over event processing in traditional blockchain protocols, allowing users to have intentional control over the processing of their events.
Benefits
- Increased control over event processing
- Enhanced security and privacy
- Improved efficiency in blockchain transactions
Commercial Applications
Title: Custom Paired Event Generation Protocol for Secure Blockchain Transactions This technology could be utilized by financial institutions, logistics companies, and healthcare providers to ensure secure and intentional processing of events in blockchain transactions, leading to improved data security and transaction efficiency.
Prior Art
Readers can explore prior art related to custom blockchain protocols, event processing systems, and hashing algorithms to understand the evolution of this technology.
Frequently Updated Research
Stay updated on advancements in custom blockchain protocols, event processing technologies, and secure hashing algorithms to enhance the efficiency and security of blockchain transactions.
Questions about Custom Paired Event Generation Protocol
How does the custom paired event generation protocol differ from traditional blockchain protocols?
The custom paired event generation protocol allows creators of events to have control over which hashing processors process their events, providing a level of agency not present in traditional blockchain protocols.
What are the potential implications of users having intentional control over event processing in blockchain transactions?
Users having intentional control over event processing can lead to increased security, privacy, and efficiency in blockchain transactions, benefiting various industries and applications.
Original Abstract Submitted
systems and methods for processing events transmitted by an application to hashing processors executing a custom paired event generation protocol that is independent of the vanilla blockchain protocols. events are transmitted including additional scripts that cause nodes including the custom protocol to generate a paired event. the paired event enables creators of the initial event to have some agency in whom benefits from mining the initial event to blocks on the blockchain. the blocks are appended to the blockchain according to the vanilla blockchain protocol. thus, users exercise intentionality over which hashing processors process their events and which other events will be hashed into a block with the users' events.
