U.S. Bank National Association (20240333741). LAYER 2 TRANSACTION MONITORING simplified abstract

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LAYER 2 TRANSACTION MONITORING

Organization Name

U.S. Bank National Association

Inventor(s)

AHMED M. Abdelrahman of Dallas TX (US)

GIACOMO Domeniconi of Queens NY (US)

SAMUEL Assefa of Watertown MA (US)

MICHAEL Villano of Laguna Niguel CA (US)

CHRISTOPHER Swanson of Blaine MN (US)

LAYER 2 TRANSACTION MONITORING - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240333741 titled 'LAYER 2 TRANSACTION MONITORING

The abstract describes a system for monitoring network activity data in a blockchain network, consisting of a layer 1 blockchain, a layer 2 solution, and a monitoring system with a log collector, an artificial intelligence system, and a reporting system.

  • The system collects network activity data through a log collector.
  • An artificial intelligence system analyzes the data to determine corrective actions.
  • A reporting system displays a report of the network activity data.
  • The monitoring system can perform corrective actions based on the analysis.

Potential Applications: This technology can be applied in various industries such as finance, healthcare, supply chain management, and more where secure and transparent data monitoring is essential.

Problems Solved: The system addresses the need for real-time monitoring of network activity data in a blockchain network to ensure security and integrity.

Benefits: Enhanced security, real-time monitoring, automated corrective actions, improved transparency, and efficiency in data management.

Commercial Applications: This technology can be utilized by blockchain companies, financial institutions, healthcare providers, and other organizations requiring secure data monitoring solutions.

Prior Art: Researchers can explore existing patents related to blockchain network monitoring systems to understand the evolution of this technology.

Frequently Updated Research: Stay updated on the latest advancements in blockchain network monitoring systems to leverage cutting-edge technologies for data security and management.

Questions about Blockchain Network Monitoring Systems: 1. How does the artificial intelligence system in this monitoring system analyze network activity data? 

  - The artificial intelligence system uses algorithms to analyze patterns and anomalies in the data to determine corrective actions.

2. What are the key differences between layer 1 blockchain and layer 2 solutions in the context of network monitoring? 

  - Layer 1 blockchain refers to the main blockchain network, while layer 2 solutions are built on top of layer 1 to enhance scalability and efficiency in processing transactions.


Original Abstract Submitted

a system for monitoring network activity data in a blockchain network is disclosed. the system may comprise a layer 1 blockchain, a layer 2 solution, and a monitoring system. the monitoring system may include a log collector, an artificial intelligence system, and a reporting system. the log collector may collect network activity data. the artificial intelligence system may analyze network activity data received from the log collector and determine a corrective action. the reporting system may display a report of network activity data. the monitoring system may be further configured to perform the corrective action.

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