TENCENT TECHNOLOGY (SHENZHEN) COMPANY LIMITED (20240235817). ASSET TRANSFERRING METHOD AND APPARATUS BASED ON MULTIPLE BLOCKCHAINS, DEVICE, MEDIUM, AND PRODUCT simplified abstract

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ASSET TRANSFERRING METHOD AND APPARATUS BASED ON MULTIPLE BLOCKCHAINS, DEVICE, MEDIUM, AND PRODUCT

Organization Name

TENCENT TECHNOLOGY (SHENZHEN) COMPANY LIMITED

Inventor(s)

Gengliang Zhu of Shenzhen (CN)

ASSET TRANSFERRING METHOD AND APPARATUS BASED ON MULTIPLE BLOCKCHAINS, DEVICE, MEDIUM, AND PRODUCT - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240235817 titled 'ASSET TRANSFERRING METHOD AND APPARATUS BASED ON MULTIPLE BLOCKCHAINS, DEVICE, MEDIUM, AND PRODUCT

Simplified Explanation: This patent application describes a method and apparatus for transferring assets across multiple blockchains, ensuring service stability in a multi-blockchain architecture.

Key Features and Innovation:

  • Method involves obtaining cross-chain asset transfer requests and writing transaction data into bridge contracts.
  • Service objects are granted permission to transfer assets based on bridge contracts and service data information.
  • Assets are locked in asset contracts on the originating chain, generating cross-chain events for each transaction.

Potential Applications: This technology can be applied in various industries such as finance, supply chain management, and decentralized applications requiring secure asset transfers.

Problems Solved: This technology addresses the challenge of transferring assets across different blockchains while ensuring service stability and security.

Benefits:

  • Enhanced security and transparency in asset transfers.
  • Efficient cross-chain transactions.
  • Improved service stability in multi-blockchain environments.

Commercial Applications: The technology can be utilized in financial institutions, logistics companies, and blockchain-based applications to facilitate secure and efficient asset transfers.

Prior Art: Researchers can explore prior art related to cross-chain asset transfers, blockchain interoperability, and smart contract execution across multiple chains.

Frequently Updated Research: Stay updated on research related to cross-chain asset transfers, blockchain scalability, and interoperability solutions to enhance the efficiency of asset transfers.

Questions about Cross-Chain Asset Transfers: 1. How does this technology ensure the security of asset transfers across multiple blockchains? 2. What are the potential challenges in implementing cross-chain asset transfers in real-world applications?


Original Abstract Submitted

this application provides an asset transferring method and apparatus based on multiple blockchains, a device, a medium, and a product. the method includes: obtaining a first cross-chain asset transfer-out request transmitted by a service object for a first cross-chain transfer-out transaction; writing transaction data of the first cross-chain transfer-out transaction carried in the first cross-chain asset transfer-out request into a first cross-chain bridge contract on a first chain; and invoking, when determining that the service object has a cross-chain asset transfer-out permission based on the first cross-chain bridge contract and service data information, a first asset contract on the first chain to lock a first asset, and generating a first cross-chain event corresponding to the first cross-chain transfer-out transaction. according to this application, the service stability of a service executed on a chain may be ensured based on a multi-blockchain architecture.

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