The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 11, 2021
Filed:
May. 23, 2018
International Business Machines Corporation, Armonk, NY (US);
Jonathan Fry, Fishkill, NY (US);
Christopher J. Penny, Saratoga Springs, NY (US);
James Demarest, Rensselaer, NY (US);
Marc Bergendahl, Rensselaer, NY (US);
Jean Wynne, Nassau, NY (US);
Christopher J. Waskiewicz, Rexford, NY (US);
International Business Machines Corporation, Armonk, NY (US);
Abstract
A blockchain may be used as a stochastic timer. The posting of a blockchain solution for verification may be a trigger that determines an event schedule. Because the only entity that knows when the solution will be posted is the solving entity, the solving entity may be rewarded with the ability to potentially exploit this knowledge. However, because the solving of a blockchain is a competitive process, there is a risk that if the solving entity retains the solution for greater exploitation, then another entity will post the solution and therefore gain the benefit. A blockchain stochastic timer can thus provide the necessary incentive for entities to invest computational resources into blockchain solutions.