MICRO FOCUS LLC (20240211936). Circular Blockchains simplified abstract
Contents
Circular Blockchains
Organization Name
Inventor(s)
DOUGLAS MAX Grover of RIGBY ID (US)
MICHAEL F. Angelo of HOUSTON TX (US)
Circular Blockchains - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240211936 titled 'Circular Blockchains
The abstract of the patent application describes the creation of a plurality of circular blockchains with different structures, including a single genesis block linking back to each last block, a plurality of genesis blocks linking back to individual ones, and a combination of a genesis block and connection blocks forming the circular blockchains.
- Circular blockchains with different structures are created in the patent application.
- Structures include a single genesis block linking back to each last block, a plurality of genesis blocks linking back to individual ones, and a combination of genesis and connection blocks.
- The innovation allows for diverse configurations of circular blockchains to be implemented.
Potential Applications:
- Cryptocurrency transactions
- Supply chain management
- Voting systems
- Secure data storage
Problems Solved:
- Ensuring data integrity in blockchain networks
- Enhancing security and transparency in transactions
- Facilitating decentralized systems
Benefits:
- Improved trust and reliability in blockchain technology
- Enhanced scalability and flexibility in network design
- Increased resistance to tampering and fraud
Commercial Applications:
- Blockchain technology for financial institutions
- Integration into IoT devices for secure data transfer
- Implementation in healthcare for secure patient records
Prior Art: Prior research on circular blockchain structures and their applications in various industries.
Frequently Updated Research: Ongoing studies on the scalability and efficiency of circular blockchain networks.
Questions about Circular Blockchains: 1. How do circular blockchains differ from traditional linear blockchains? Circular blockchains offer unique structures that allow for different configurations and enhanced security features compared to linear blockchains.
2. What are the potential challenges in implementing circular blockchains in real-world applications? Implementing circular blockchains may require significant changes to existing systems and protocols, as well as addressing scalability and interoperability issues.
Original Abstract Submitted
a plurality of circular blockchains are created. the plurality of circular blockchains may comprise different structures. for example, the plurality of circular blockchains may include: a single genesis block where a last block in each of the plurality of circular blockchain links back to the single genesis block, a plurality of genesis blocks where a last block in each of the plurality of circular blockchain links back to individual ones of the plurality of genesis blocks, and a genesis block and one or more connection blocks that form the plurality of circular blockchains.
