Unknown Organization (20240267238). Blockchain method and system, electronic device, and computer-readable storage medium simplified abstract
Contents
Blockchain method and system, electronic device, and computer-readable storage medium
Organization Name
Inventor(s)
Blockchain method and system, electronic device, and computer-readable storage medium - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240267238 titled 'Blockchain method and system, electronic device, and computer-readable storage medium
The present invention involves a blockchain method related to geometric objects, a polygon storage method, an electronic device, and a computer-readable storage medium. The blockchain token contains geometric data, and geometric tokens can be transferred, split, and merged.
- Geometric objects represented by polygons can be recorded on the blockchain for transferring land rights and interests.
- The blockchain system ensures that each polygon in an unspent token is unique and exclusive, except for the initial geometric objects.
- If the initial polygon represents the entire surface of the earth, the blockchain system can record land circulation worldwide.
- Potential Applications:**
This technology can be used in real estate transactions, land registry systems, and property rights management.
- Problems Solved:**
This technology addresses the need for secure and transparent recording of land ownership and transfers.
- Benefits:**
The technology provides a reliable and immutable record of land transactions, reducing fraud and disputes.
- Commercial Applications:**
Title: "Blockchain Technology for Secure Land Transactions" This technology can be utilized by government agencies, real estate companies, and legal firms to streamline land transactions and ensure data integrity.
- Prior Art:**
Researchers can explore prior patents related to blockchain-based land registries and tokenization of assets.
- Frequently Updated Research:**
Stay informed about advancements in blockchain technology for land management and digital asset tokenization.
- Questions about Blockchain Technology for Land Transactions:**
1. How does this technology ensure the uniqueness and exclusivity of each polygon on the blockchain? 2. What are the potential challenges in implementing this technology in existing land registry systems?
Original Abstract Submitted
the present invention relates to a blockchain method relating to geometric objects, a polygon storage method, an electronic device and a computer-readable storage medium. the blockchain token includes geometric data, and the geometric tokens are circulated through transfer, split, and merge. when geometric objects are of polygons representing the lands specified by the geographic location information, it is a suitable as blockchain for recording the transfer of land rights and interests. except for the token representing the initial geometric objects, if the blockchain system limits all geometric objects in the blockchain to those generated by other tokens through transfers, splits or mergers, each polygon in an unspent token in the blockchain is unique and exclusive. if the initial polygon of the blockchain is one that represents the entire surface of the earth, the blockchain system can be used to record land circulation of the entire world.
