NChain Licensing AG (20240346183). FORMING PEER-TO-PEER CONNECTIONS USING BLOCKCHAIN simplified abstract
Contents
FORMING PEER-TO-PEER CONNECTIONS USING BLOCKCHAIN
Organization Name
Inventor(s)
Alexandru Paunoiu of London (GB)
Craig Steven Wright of London (GB)
FORMING PEER-TO-PEER CONNECTIONS USING BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240346183 titled 'FORMING PEER-TO-PEER CONNECTIONS USING BLOCKCHAIN
The abstract describes a computer-implemented method of using a blockchain to form connections between peer-to-peer (p2p) nodes of a p2p network, where each node is associated with a public key.
- Obtaining the public key of a second p2p node.
- Generating a blockchain transaction with inputs and outputs locked to the respective public keys of the nodes.
- Submitting the transaction to a blockchain network for recording.
- The second p2p node connects with the first node upon the transaction being recorded.
Potential Applications: - Secure peer-to-peer networking. - Decentralized communication systems. - Cryptocurrency transactions.
Problems Solved: - Ensuring secure connections between p2p nodes. - Establishing trust in peer-to-peer networks. - Facilitating secure transactions.
Benefits: - Enhanced security and privacy. - Decentralization of network connections. - Immutable record-keeping on the blockchain.
Commercial Applications: Title: Blockchain-Powered Peer-to-Peer Networking Solutions This technology can be utilized in industries such as finance, healthcare, and supply chain management for secure and efficient peer-to-peer communication and transactions.
Prior Art: Researchers can explore existing blockchain-based networking solutions and cryptographic protocols for similar applications.
Frequently Updated Research: Stay updated on advancements in blockchain technology, peer-to-peer networking protocols, and cybersecurity measures relevant to this innovation.
Questions about Blockchain-Powered Peer-to-Peer Networking Solutions: 1. How does this technology enhance the security of peer-to-peer connections? 2. What are the potential scalability challenges of implementing blockchain in peer-to-peer networks?
Original Abstract Submitted
a computer-implemented method of using a blockchain to form connections between p2p nodes of a p2p network, wherein each p2p node is associated with a respective public key, and wherein the method comprises: obtaining a respective public key associated with a second one of the p2p nodes; generating a first blockchain transaction comprising a first input signed with a signature corresponding to the respective public key of the first p2p node, a first output locked to the respective public key of the second p2p node, and wherein the first blockchain transaction comprises the network address of the p2p network; and causing the first blockchain transaction to be submitted to a blockchain network to be recorded on the blockchain, wherein the second p2p node is configured to connect with the first p2p node on the p2p network in response to the first blockchain transaction being recorded on the blockchain.
