Zorp Corp (20240275601). Systems And Methods For State Minimization And Unlinkable Transactions simplified abstract
Contents
- 1 Systems And Methods For State Minimization And Unlinkable Transactions
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 Systems And Methods For State Minimization And Unlinkable Transactions - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Key Features and Innovation
- 1.6 Potential Applications
- 1.7 Problems Solved
- 1.8 Benefits
- 1.9 Commercial Applications
- 1.10 Prior Art
- 1.11 Frequently Updated Research
- 1.12 Questions about State Minimization and Unlinkable Transactions
- 1.13 Original Abstract Submitted
Systems And Methods For State Minimization And Unlinkable Transactions
Organization Name
Inventor(s)
Logan Allen of Cedar Park TX (US)
Brian Klatt of Woodbury Heights NJ (US)
Systems And Methods For State Minimization And Unlinkable Transactions - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240275601 titled 'Systems And Methods For State Minimization And Unlinkable Transactions
Simplified Explanation
The patent application describes a computer-based system that utilizes a zero-knowledge verifier system on blockchain networks to minimize states and enable unlinkable transactions.
- The system verifies blocks of a decentralized ledger using a zero-knowledge virtual machine.
- It recursively verifies zero-knowledge proofs of predecessor blocks.
- The system obfuscates the correlation between source and destination nodes to create unlinkable transactions.
- It validates transactions by verifying corresponding zero-knowledge proofs.
Key Features and Innovation
- Utilizes a zero-knowledge verifier system on blockchain networks.
- Minimizes states and enables unlinkable transactions.
- Verifies blocks and zero-knowledge proofs for transaction validation.
Potential Applications
This technology can be applied in:
- Secure financial transactions.
- Supply chain management.
- Identity verification systems.
Problems Solved
- Enhances transaction privacy and security.
- Reduces the risk of data breaches.
- Improves trust in decentralized systems.
Benefits
- Increased transaction privacy.
- Enhanced security measures.
- Improved trust in blockchain networks.
Commercial Applications
- Secure payment systems for e-commerce platforms.
- Enhanced data protection for financial institutions.
- Improved privacy features for decentralized applications.
Prior Art
Readers can explore prior art related to zero-knowledge proofs, blockchain technology, and decentralized ledgers to understand the background of this innovation.
Frequently Updated Research
Stay updated on advancements in zero-knowledge verification systems, blockchain technology, and decentralized ledger applications to enhance understanding of this technology.
Questions about State Minimization and Unlinkable Transactions
How does the zero-knowledge verifier system enhance transaction security?
The zero-knowledge verifier system ensures that transactions are validated without revealing sensitive information, thus enhancing security.
What are the potential implications of this technology on data privacy regulations?
This technology could impact data privacy regulations by providing more secure and private transaction methods.
Original Abstract Submitted
a computer-based system, computer-implemented method, and computer program product for state minimization and unlinkable transactions leverage a zero-knowledge (zk) verifier system implemented on blockchain network(s). the zk system is configured to, via a zk virtual machine, verify a block of block(s) of a state-minimized decentralized ledger and recursively verify a corresponding zero-knowledge proof (zkp) of a predecessor block of the block. the block is associated with an electronic transaction. the zk system is further configured to generate an unlinkable transaction by obfuscating a correlation between a source node and a destination node of node(s) of the network(s). the source and destination nodes are associated with the transaction. the zk system is further configured to validate the transaction by verifying a zkp corresponding to the unlinkable transaction.
