HUAWEI TECHNOLOGIES CO., LTD. (20240256516). CROSS-CHAIN TRANSACTION METHOD AND APPARATUS simplified abstract
Contents
CROSS-CHAIN TRANSACTION METHOD AND APPARATUS
Organization Name
Inventor(s)
Zhenlong Zhao of Shenzhen (CN)
CROSS-CHAIN TRANSACTION METHOD AND APPARATUS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240256516 titled 'CROSS-CHAIN TRANSACTION METHOD AND APPARATUS
Simplified Explanation: This patent application describes a method for cross-chain transactions involving two nodes, each maintaining a separate blockchain. The method involves modifying data based on the status of transactions in each blockchain.
- The method involves determining the status of transactions in each blockchain.
- It includes modifying data based on the status of transactions.
- The first node maintains the first blockchain, while the second node maintains the second blockchain.
- The modification of data is based on the transaction data of the first transaction.
- The target data being modified is related to the first transaction.
Key Features and Innovation:
- Cross-chain transaction method involving two nodes and two blockchains.
- Modification of data based on transaction status.
- Use of transaction data to modify target data.
- Integration of state machine data in the modification process.
Potential Applications: This technology can be applied in various industries such as finance, supply chain management, and decentralized applications.
Problems Solved: This technology addresses the challenge of enabling secure and efficient cross-chain transactions between different blockchain networks.
Benefits:
- Enhanced security in cross-chain transactions.
- Improved efficiency in data modification processes.
- Facilitates interoperability between different blockchain networks.
Commercial Applications: The technology can be utilized in financial institutions, logistics companies, and decentralized applications to streamline cross-chain transactions and enhance data security.
Questions about Cross-Chain Transaction Method: 1. How does the method ensure the security of cross-chain transactions? 2. What are the potential challenges in implementing this technology in real-world applications?
Frequently Updated Research: Stay updated on the latest developments in cross-chain transaction methods to leverage the most current advancements in blockchain technology.
Original Abstract Submitted
embodiments of this application provide a cross-chain transaction method and apparatus. the cross-chain transaction method includes determining, by a first node, that a first transaction status of a first transaction is a first status, the first status indicating that consensus verification on the transaction succeeded, the first node maintaining a first blockchain and the first transaction belonging to the first blockchain. the method includes obtaining, by the first node, a second transaction status of a second transaction, a second node maintaining a second blockchain and the second transaction belonging to the second blockchain. the method includes modifying, by the first node, target data, the modifying being based on first transaction data of the first transaction when the second transaction status of the second transaction is the first status, the target data comprising data in a state machine of the first node, the target data being related to the first transaction.
