Truist Bank (20240265368). NETWORK-BASED CRYPTOGRAPHIC BLOCKCHAIN FRAMEWORK FOR TRUST CONTROL OF CERTIFIED MASTER DATA MANAGEMENT simplified abstract
NETWORK-BASED CRYPTOGRAPHIC BLOCKCHAIN FRAMEWORK FOR TRUST CONTROL OF CERTIFIED MASTER DATA MANAGEMENT
Organization Name
Inventor(s)
Lekha A. Banerjee of Charlotte NC (US)
Thomas S. Dickson of Overland Park KS (US)
Randhir Bhan of Sharon MA (US)
Srinivasan Ramanujam of Charlotte NC (US)
NETWORK-BASED CRYPTOGRAPHIC BLOCKCHAIN FRAMEWORK FOR TRUST CONTROL OF CERTIFIED MASTER DATA MANAGEMENT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240265368 titled 'NETWORK-BASED CRYPTOGRAPHIC BLOCKCHAIN FRAMEWORK FOR TRUST CONTROL OF CERTIFIED MASTER DATA MANAGEMENT
The patent application describes a blockchain framework with a master data asset ledger and peer nodes for coordinated data asset management.
- The master data asset ledger autonomously maintains current values of ledger states using object codes and a coordination protocol.
- Peer nodes collectively store object codes and data asset records for decentralized applications.
- Access to the blockchain framework enables coordinated data asset management through peer consensus and trust controls.
Potential Applications: - Supply chain management - Financial transactions - Healthcare record keeping
Problems Solved: - Ensuring data integrity in decentralized systems - Facilitating secure and transparent transactions
Benefits: - Increased efficiency in data management - Enhanced security and trust in transactions
Commercial Applications: Title: "Blockchain Framework for Secure Data Asset Management" This technology can be used in industries such as finance, healthcare, and logistics to streamline operations and enhance data security.
Prior Art: Researchers can explore existing blockchain frameworks and data management systems for related technologies.
Frequently Updated Research: Stay informed about advancements in blockchain technology and decentralized systems for potential improvements in data asset management.
Questions about Blockchain Framework for Secure Data Asset Management: 1. How does the coordination protocol ensure data integrity in the blockchain framework? 2. What are the potential challenges in implementing this technology in different industries?
Original Abstract Submitted
systems and methods configure a blockchain framework that includes a master data asset ledger and peer nodes, the master data asset ledger being configured to autonomously maintain current values of a set of ledger states and comprises object codes overlaying a coordination protocol of the peer nodes that are collectively configured to maintain a copy of the object codes and are each configured to store data asset records of respective decentralized applications. access to the blockchain framework is provided to facilitate coordinated data asset management of the master data asset ledger and the peer nodes in accordance with the coordination protocol, the coordinated data asset management comprising obtaining endorsement of transaction(s) through peer consensus of the peer nodes, and instructing peer node(s) to apply a trust control maintained by the master data asset ledger, the trust control being based on the endorsement of the transaction(s).
