Hitachi, Ltd. (20240296448). DISTRIBUTED LEDGER DATA MANAGEMENT SYSTEM AND DATA MANAGEMENT METHOD simplified abstract
Contents
DISTRIBUTED LEDGER DATA MANAGEMENT SYSTEM AND DATA MANAGEMENT METHOD
Organization Name
Inventor(s)
DISTRIBUTED LEDGER DATA MANAGEMENT SYSTEM AND DATA MANAGEMENT METHOD - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240296448 titled 'DISTRIBUTED LEDGER DATA MANAGEMENT SYSTEM AND DATA MANAGEMENT METHOD
Simplified Explanation:
The patent application describes a system for managing a secret key required to access a wallet or move data in a decentralized manner using a distributed ledger system.
- The system includes a blockchain distributed ledger system with multiple distributed ledger nodes and a distributed ledger network.
- Utilization group systems manage wallets for individuals and organizations participating in the distributed ledger system.
- Organizations can issue transactions to the distributed ledger system using an encrypted secret key when accessing their wallets.
Key Features and Innovation:
- Management of secret keys in a decentralized manner.
- Utilization group systems for managing wallets of individuals and organizations.
- Use of encrypted secret keys for secure transactions on the distributed ledger system.
Potential Applications:
- Secure access to wallets for individuals and organizations.
- Data movement in a decentralized and secure manner.
- Asset management and financial transactions.
Problems Solved:
- Centralized management of secret keys.
- Vulnerabilities in data movement and access control.
- Security risks in asset management systems.
Benefits:
- Enhanced security and privacy.
- Decentralized control over access to wallets.
- Improved data integrity and transparency.
Commercial Applications:
Asset management systems, financial institutions, blockchain technology companies.
Prior Art:
Potential areas to search for prior art include decentralized key management systems, blockchain asset management solutions, and secure data movement protocols.
Frequently Updated Research:
Stay informed about advancements in blockchain technology, decentralized finance, and secure data management systems.
Questions about the Technology:
1. How does the system ensure the security of encrypted secret keys? 2. What are the potential scalability challenges of managing a large number of distributed ledger nodes?
Original Abstract Submitted
a secret key needed for access to a wallet or data movement is managed in a non-centralized manner. a distributed ledger data management system includes a blockchain distributed ledger system (an asset management distributed ledger ) which is configured to have a plurality of distributed ledger nodes (asset management distributed ledger nodes ) and a distributed ledger network (an asset management distributed ledger network ), and a plurality of utilization group systems which each manage, as a corresponding one of respective clients for a plurality of utilization groups for individuals and organizations participating in the distributed ledger system, a wallet of the utilization group for the individual or the organization. the utilization group system for the organization (a system for a utilization group ) issues a transaction to the distributed ledger system by using an encrypted secret key of the organization when the wallet of the organization is used.
