Ericsson Telekommunikation GmbH (20240249271). Processing Schedule of an Electronic Transaction simplified abstract

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Processing Schedule of an Electronic Transaction

Organization Name

Ericsson Telekommunikation GmbH

Inventor(s)

Walter Fieger of Egelsbach (DE)

Jaroslaw Niewiadomy of Hanau (DE)

Heike Scholz of Darmstadt (DE)

Gregory Liokumovich of Oberursel (DE)

Processing Schedule of an Electronic Transaction - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240249271 titled 'Processing Schedule of an Electronic Transaction

    • Simplified Explanation:**

The patent application describes a method for determining a processing schedule for electronic transactions between communication devices, balancing on-chain and off-chain processing using blockchain and off-chain computing platforms.

    • Key Features and Innovation:**
  • Decision engine determines processing schedule for electronic transactions.
  • Balances on-chain and off-chain processing based on parameters like processing load and performance.
  • Initiates transaction processing through smart contracts or opening communication channels.
  • Enhances efficiency and scalability of electronic transactions.
    • Potential Applications:**

This technology can be applied in various industries such as finance, supply chain management, and healthcare for secure and efficient transaction processing.

    • Problems Solved:**

This technology addresses the challenges of optimizing transaction processing by efficiently utilizing both on-chain and off-chain platforms.

    • Benefits:**
  • Improved efficiency in transaction processing.
  • Enhanced scalability for handling a large volume of transactions.
  • Increased security and reliability in electronic transactions.
    • Commercial Applications:**

"Optimizing Electronic Transaction Processing for Enhanced Efficiency and Scalability"

This technology can be utilized by financial institutions, e-commerce platforms, and IoT networks to streamline transaction processing and improve overall system performance.

    • Prior Art:**

Further research can be conducted in the field of blockchain technology, smart contracts, and off-chain computing to explore similar methods for optimizing transaction processing.

    • Frequently Updated Research:**

Stay updated on advancements in blockchain technology, off-chain computing platforms, and smart contract execution to enhance the efficiency and scalability of electronic transactions.

    • Questions about Electronic Transaction Processing:**

1. How does this technology improve the efficiency of electronic transactions? 2. What are the key parameters considered in determining the processing schedule for transaction processing?


Original Abstract Submitted

there is provided mechanisms for determining a processing schedule of an electronic transaction. a method is performed by a decision engine. the method comprises obtaining an indication that the electronic transaction is to be performed between at least two communication devices. the method comprises determining the processing schedule for transaction processing used for executing the electronic transaction between the at least two communication devices. the processing schedule specifies a distribution of how much of the transaction processing to be performed on-chain using a blockchain platform and how much of the transaction processing to be performed off-chain using an off-chain computing platform. the processing schedule is determined using parameters identifying processing load and processing performance of each of the blockchain platform and the off-chain computing platform. the method comprises initiating the transaction processing in accordance with the processing schedule by initiating execution of a smart contract for the at least two communication devices for any of the transaction processing to be performed on-chain and/or initiating opening of a communications channel to the off-chain computing platform for the at least two communication devices for any of the transaction processing to be performed off-chain.

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