Unknown Organization (20240289301). PROJECT MANAGEMENT WITH BLOCKCHAIN simplified abstract
Contents
PROJECT MANAGEMENT WITH BLOCKCHAIN
Organization Name
Inventor(s)
Tyson York Winarski of Mountain View CA (US)
PROJECT MANAGEMENT WITH BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240289301 titled 'PROJECT MANAGEMENT WITH BLOCKCHAIN
- Simplified Explanation:**
The patent application describes a system for blockchain project management where a project management process flow is recorded on a ledger stored within a blockchain. The ledger controls the execution of the project management process flow, which is also recorded on the blockchain. The system includes a cloud-based software network arbitration guide that manages and controls the project process flow through the use of blockchain technology.
- Key Features and Innovation:**
- Project management process flow recorded on a ledger within a blockchain.
- Cloud-based software network arbitration guide for managing and controlling project process flow.
- Monitoring project progress and sending update and alert messages based on project progress.
- Designating a project process flow in the genesis block of the blockchain.
- Potential Applications:**
This technology can be applied in various industries such as construction, software development, and manufacturing where project management is crucial.
- Problems Solved:**
This technology addresses issues related to project management inefficiencies, lack of transparency, and communication gaps in project teams.
- Benefits:**
- Improved project management efficiency.
- Enhanced transparency in project processes.
- Better communication and collaboration among project team members.
- Commercial Applications:**
The technology can be used by project management firms, construction companies, software development teams, and other industries that require efficient project management processes.
- Questions about Blockchain Project Management:**
1. How does the cloud-based software network arbitration guide enhance project management processes? 2. What are the potential challenges in implementing blockchain project management systems in different industries?
- Frequently Updated Research:**
Stay updated on the latest advancements in blockchain technology and project management practices to leverage the full potential of this innovative system.
Original Abstract Submitted
a system for blockchain project management is disclosed. a project management process flow is recorded on a ledger stored within a blockchain. the ledger is used to control execution of the project management process flow. execution of the project management process flow is recorded on the blockchain. this system includes a cloud-based software network arbitration guide that manages and controls the project process flow through the use of blockchain. this network arbitration guide monitors project progress and sends out various update and alert messages based upon the progress of the project. a project process flow is designated in the genesis block of the blockchain.
