SEMIOTIC AI, INC. (20240257110). SYSTEM AND METHOD FOR CIRCUMNAVIGATION OF A BLOCKCHAIN BASED TOKEN EXCHANGE simplified abstract

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SYSTEM AND METHOD FOR CIRCUMNAVIGATION OF A BLOCKCHAIN BASED TOKEN EXCHANGE

Organization Name

SEMIOTIC AI, INC.

Inventor(s)

Matthew Deible of Los Altos CA (US)

SYSTEM AND METHOD FOR CIRCUMNAVIGATION OF A BLOCKCHAIN BASED TOKEN EXCHANGE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240257110 titled 'SYSTEM AND METHOD FOR CIRCUMNAVIGATION OF A BLOCKCHAIN BASED TOKEN EXCHANGE

The patent application describes a system and method for a blockchain circumnavigation process, involving the use of a blockchain token based graph (btbg) to facilitate token exchanges.

  • Generating a blockchain token based graph (btbg) with nodes representing blockchain tokens and edges representing exchanges between tokens.
  • Initializing a circumnavigation process to determine the best path for token exchanges.
  • Constructing a method circumnavigation by simulating paths, calculating exchange efficiency, and updating cycle node distribution.
  • Determining a "best" circumnavigation for token exchanges on blockchains.

Potential Applications: - Facilitating efficient token exchanges on blockchain networks. - Optimizing the process of transferring tokens between different blockchain platforms.

Problems Solved: - Streamlining the process of token exchanges on blockchains. - Enhancing the efficiency of cross-chain transactions.

Benefits: - Improved speed and accuracy in token exchanges. - Enhanced security and transparency in blockchain transactions.

Commercial Applications: Title: Blockchain Token Exchange Optimization System Description: This technology can be utilized by cryptocurrency exchanges, financial institutions, and blockchain developers to improve the efficiency of token transfers and transactions, leading to cost savings and enhanced user experience.

Questions about Blockchain Circumnavigation: 1. How does the system determine the most efficient path for token exchanges? 2. What are the key factors considered in calculating exchange efficiency in the circumnavigation process?


Original Abstract Submitted

a system and method for a blockchain circumnavigation process includes: generating a blockchain token based graph (btbg), comprising nodes representing blockchain tokens and edges representing exchanges between blockchain tokens; initializing a circumnavigation process; and constructing a method circumnavigation. initializing the circumnavigation process may include: determining a cycle node; determining a circumnavigation length, a maximum number of edge traversals for the circumnavigation; determining all circumnavigation paths, from and to the cycle node not exceeding the circumnavigation length; and determining a cycle node distribution, i.e., how the cycle node value is distributed along each step of each circumnavigation path. constructing a method circumnavigation, comprises an iterative process that includes: simulating all circumnavigation paths; calculating an exchange efficiency for each token exchange; and updating the cycle node distribution. the method functions to determine a “best” circumnavigation for a token exchange on blockchains from and to the cycle node.

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