Method and system for tuning blockchain scalability for fast and low-cost payment and transaction processing
US10394845B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 18, 2018 |
| Grant date | Aug 27, 2019 |
| Priority date | — |
| Expiry date | Dec 18, 2038 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A method of synchronizing transactions between blockchains including receiving a first plurality of transactions and recording the first plurality of transactions to a first private block on a private blockchain network, receiving a second plurality of transactions and recording the second plurality of transactions to a second private block on the private blockchain network, generating a first merged block comprising the first private block and the second private block, recording the first merged block to a single block on a second blockchain network, recording each of the first private block, the second private block, and the first merged block to a smart contract linked to the private blockchain network, defining a private smart contract, and performing a synchronization process between the first private smart contract and a second smart contract linked to the second blockchain network, defining a second smart contract.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.