NFT BLOCKCHAIN, LLC (20240283665). METHODS AND SYSTEMS FOR IMPROVING BLOCKCHAIN TECHNOLOGY simplified abstract
Contents
METHODS AND SYSTEMS FOR IMPROVING BLOCKCHAIN TECHNOLOGY
Organization Name
Inventor(s)
John Vantubergen, Jr. of Grand Rapids MI (US)
METHODS AND SYSTEMS FOR IMPROVING BLOCKCHAIN TECHNOLOGY - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240283665 titled 'METHODS AND SYSTEMS FOR IMPROVING BLOCKCHAIN TECHNOLOGY
The patent application describes systems and methods for recording a hash of a smart contract on a blockchain.
- Identifying a smart contract on a blockchain
- Identifying original terms of the smart contract
- Generating a hash of the smart contract
Potential Applications: - Ensuring the integrity and authenticity of smart contracts - Providing a secure and tamper-proof record of smart contract terms - Facilitating trust and transparency in blockchain transactions
Problems Solved: - Preventing unauthorized modifications to smart contracts - Verifying the original terms of a smart contract - Enhancing the security of blockchain transactions
Benefits: - Increased trust in blockchain transactions - Improved security and transparency in smart contract execution - Enhanced reliability of smart contract terms
Commercial Applications: Title: Blockchain Security Solutions for Smart Contracts This technology can be utilized by blockchain companies, financial institutions, and legal firms to ensure the integrity of smart contracts and enhance the security of blockchain transactions.
Questions about Blockchain Security Solutions for Smart Contracts: 1. How does recording a hash of a smart contract on a blockchain enhance security? 2. What are the potential implications of this technology for the future of blockchain transactions?
Frequently Updated Research: Stay informed about the latest developments in blockchain security and smart contract technology to ensure the continued relevance and effectiveness of this innovation.
Original Abstract Submitted
provided herein are systems and methods for recording a hash of a smart contrast on a blockchain. the system and methods can comprise identifying a smart contract on a blockchain, identifying original terms of the smart contract, and generating a hash of the smart contract.
