NChain Licensing AG (20240257107). IMPLEMENTING LOGIC GATE FUNCTIONALITY USING A BLOCKCHAIN simplified abstract
Contents
IMPLEMENTING LOGIC GATE FUNCTIONALITY USING A BLOCKCHAIN
Organization Name
Inventor(s)
Craig Steven Wright of London (GB)
Stephane Savanah of London (GB)
IMPLEMENTING LOGIC GATE FUNCTIONALITY USING A BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240257107 titled 'IMPLEMENTING LOGIC GATE FUNCTIONALITY USING A BLOCKCHAIN
The abstract describes a method to implement the functionality of a logic gate using blockchain transactions.
- Providing a locking script in a first transaction with an instruction to process boolean input
- Providing a further transaction with an unlocking script
- Processing an input signal to provide a boolean input
- Using the boolean input to execute the locking and unlocking scripts
- Transmitting the transactions to a blockchain network for validation
- Interpreting the detection of the further transaction within the blockchain as the true output of a logic gate
- Interpreting the failure to detect the further transaction as the false output of the logic gate
Potential Applications: - Secure communication systems - Decentralized computing networks - Smart contracts in blockchain technology
Problems Solved: - Ensuring secure and tamper-proof execution of logic gates - Leveraging blockchain technology for computational processes
Benefits: - Increased security and reliability in computing processes - Utilization of blockchain for complex computations
Commercial Applications: Title: "Blockchain-Enabled Logic Gates for Secure Computing" This technology can be applied in industries such as: - Financial services for secure transactions - Healthcare for confidential data processing - Supply chain management for transparent operations
Questions about the technology: 1. How does this method ensure the integrity of the logic gate operations? 2. What are the potential limitations of using blockchain transactions for logic gate implementation?
Original Abstract Submitted
techniques are provided to implement the functionality of a logic gate by blockchain transaction. a method includes providing a locking script in a first transaction, comprising an instruction to process boolean input; providing a further transaction having an unlocking script; processing an input signal to provide a boolean input; and using the boolean input to execute the locking and unlocking scripts of the first and further transactions, wherein the computing resource or agent influence the behaviour of a device or process based upon the validity of the further transaction; transmitting the further transaction and/or first transaction to a blockchain network for validation; interpreting the detecting of the further transaction within the blockchain or blockchain network as the true output of a logic gate; and interpreting the failure to detect the further transaction within the blockchain or blockchain network as the false output of the logic gate.
