Method and system for authorization and settlement in blockchain transactions
US12430645B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 27, 2021 |
| Grant date | Sep 30, 2025 |
| Priority date | — |
| Expiry date | Aug 13, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q2220/00
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A method for expedited inclusion of pre-authorized blockchain transactions in new blocks. A blockchain node will utilize a traditional pending transaction pool of unconfirmed transactions, but will also utilize a new transaction pool that is comprised of pending blockchain transactions that have been confirmed, but have not yet been added to the blockchain. When a new block is being generated by a node, they can select pending transactions from the confirmed transaction pool and include them in the new block without repeating the confirmation process, which can save time and computing resources, thereby enabling the new block to be generated faster and increasing the chance that the new block will be the one that is validated and added to the chain. Additional rules and criteria can be applied to ensure that transactions that are in the confirmed transaction pool are added to a new block in a timely fashion.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.