NChain Licensing AG (20240320681). A COMPUTER IMPLEMENTED METHOD AND SYSTEM simplified abstract
Contents
A COMPUTER IMPLEMENTED METHOD AND SYSTEM
Organization Name
Inventor(s)
Ricky Charles Rand of Churchill Way, Cardiff (GB)
A COMPUTER IMPLEMENTED METHOD AND SYSTEM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240320681 titled 'A COMPUTER IMPLEMENTED METHOD AND SYSTEM
The present disclosure pertains to a method for verifying a blockchain-stored representation of a dataset. This method involves obtaining a reference to an on-chain dataset stored on the blockchain, which contains data carrying transactions indicating events stored in an off-chain dataset. The method includes traversing the on-chain dataset and verifying the correspondence between the on-chain dataset and the off-chain dataset.
- Obtaining a reference to an on-chain dataset stored on the blockchain
- Traversing the on-chain dataset to analyze data carrying transactions
- Verifying the association between events in the on-chain and off-chain datasets
- Ensuring the on-chain dataset corresponds accurately to the off-chain dataset
Potential Applications: - Data verification in blockchain technology - Ensuring data integrity in decentralized systems - Enhancing trust and transparency in data storage and retrieval
Problems Solved: - Verifying the accuracy and consistency of data stored on the blockchain - Ensuring the reliability of information stored in decentralized databases
Benefits: - Increased data security and trustworthiness - Streamlined verification processes for blockchain-stored datasets - Enhanced transparency and accountability in data management
Commercial Applications: Title: Blockchain Data Verification Technology for Enhanced Data Security This technology can be utilized in industries such as finance, healthcare, supply chain management, and legal sectors to ensure the integrity of critical data stored on the blockchain.
Questions about Blockchain Data Verification Technology: 1. How does this method enhance data security in blockchain technology?
- This method ensures the accuracy and consistency of data stored on the blockchain, enhancing overall data security.
2. What are the potential applications of this technology beyond data verification?
- This technology can be applied in various industries to enhance trust and transparency in data management processes.
Original Abstract Submitted
the present disclosure relates to a computer implemented method for verifying a blockchain stored representation of a dataset. the method comprises the steps of obtaining a dataset reference to an on-chain dataset, the on-chain dataset being stored on the blockchain and comprising data carrying transactions, wherein each data carrying transaction comprises data indicative of an event stored in an off-chain dataset. the method includes traversing the on-chain dataset and for each data carrying transaction in the on-chain dataset: determining that the data indicative of an event in the off-chain data set is associated with an event in the off-chain dataset, and verifying that the on-chain dataset and the off-chain dataset correspond to each other.
