Tassat Group Inc. (20240235837). METHOD, CONTROLLER, AND COMPUTER-READABLE MEDIUM OF A DISTRIBUTED LEDGER NETWORK FOR INITIATING A NET TRANSMISSION AMONG A PLURALITY OF CLIENTS OF THE DISTRIBUTED LEDGER NETWORK simplified abstract
METHOD, CONTROLLER, AND COMPUTER-READABLE MEDIUM OF A DISTRIBUTED LEDGER NETWORK FOR INITIATING A NET TRANSMISSION AMONG A PLURALITY OF CLIENTS OF THE DISTRIBUTED LEDGER NETWORK
Organization Name
Inventor(s)
Kevin Lupowitz of New York NY (US)
Eric Couillard of New York NY (US)
Glendy Kam of New York NY (US)
Andre Frank of Irvington NY (US)
Sanjaya Kulkarni of Edison NJ (US)
Joe Grastara of Toms River NJ (US)
METHOD, CONTROLLER, AND COMPUTER-READABLE MEDIUM OF A DISTRIBUTED LEDGER NETWORK FOR INITIATING A NET TRANSMISSION AMONG A PLURALITY OF CLIENTS OF THE DISTRIBUTED LEDGER NETWORK - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240235837 titled 'METHOD, CONTROLLER, AND COMPUTER-READABLE MEDIUM OF A DISTRIBUTED LEDGER NETWORK FOR INITIATING A NET TRANSMISSION AMONG A PLURALITY OF CLIENTS OF THE DISTRIBUTED LEDGER NETWORK
Simplified Explanation: The patent application describes a controller, method, and computer-readable medium for initiating a net transmission among clients of a distributed ledger network. This involves receiving instructions, writing transmissions to new blocks on a transmission blockchain, storing entity asset differentials, block height, duration values, determining required transmission quantities, predicted quantities, and initiating net transmission processes based on conditions.
Key Features and Innovation:
- Initiating net transmissions among clients of a distributed ledger network.
- Writing transmissions to new blocks on a transmission blockchain.
- Storing entity asset differentials and block height.
- Determining required transmission quantities and predicted quantities.
- Initiating net transmission processes based on conditions.
Potential Applications: This technology can be applied in blockchain networks, financial transactions, supply chain management, and data verification systems.
Problems Solved: This technology addresses the need for efficient and secure net transmissions among clients of a distributed ledger network.
Benefits:
- Improved efficiency in transmitting data among network clients.
- Enhanced security and accuracy in recording transactions.
- Streamlined processes for managing entity asset differentials.
Commercial Applications: The technology can be utilized in blockchain-based financial systems, supply chain tracking platforms, and data verification services, offering enhanced security and efficiency in transactions.
Prior Art: Readers can explore prior art related to distributed ledger networks, blockchain technology, and data transmission protocols for further insights into this innovation.
Frequently Updated Research: Stay updated on the latest developments in blockchain technology, distributed ledger networks, and data transmission protocols to enhance understanding and application of this innovation.
Questions about Net Transmission Technology: 1. How does this technology improve data transmission efficiency in distributed ledger networks? 2. What are the key factors influencing the initiation of net transmission processes in this innovation?
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Original Abstract Submitted
a controller, method, and computer-readable medium for initiating a net transmission among clients of a distributed ledger network including receiving instructions to perform transmissions, writing one or more transmissions in the transmissions to one or more new blocks on a transmission blockchain of the distributed ledger network, storing a net entity asset differential between each entity of the distributed ledger network and the distributed ledger network, storing a current block height corresponding to a quantity of new blocks added to the transmission blockchain since a previous net transmission process, storing a duration value corresponding to a time elapsed since the previous net transmission process, determining a required transmission quantity indicating a quantity of transmissions necessary to complete a net transmission process, determining predicted required transmission quantities corresponding time intervals, and initiating a net transmission process based on detection of one or more conditions.
