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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.:

US 11704303 B1

PDFFull Text
Date of Patent:
Jul. 18, 2023

Filed:

Dec. 18, 2020

Method and system for processing transactions in a blockchain network

Applicant:

Tata Consultancy Services Limited, Mumbai, IN;

Inventors:

Meena Singh Dilip Thakur, Bangalore, IN;

Lakshmi Padmaja Maddali, Hyderabad, IN;

Vigneswaran Ramachandran, Chennai, IN;

Rajan Mindigal Alasingara Bhattachar, Bangalore, IN;

Srujana Kanchanapalli, Bangalore, IN;

Batsayan Das, Kolkata, IN;

Assignee:

TATA CONSULTANCY SERVICES LIMITED, Mumbai, IN;

Attorney:

Finnegan, Henderson, Farabow, Garrett & Dunner LLP

Primary Examiner:

Dinku W Gebresenbet

Int. Cl.
CPC ...
G06F 16/00 (2019.01); G06F 16/23 (2019.01);
U.S. Cl.
CPC ...
G06F 16/2379 (2019.01); G06F 16/2365 (2019.01);
Abstract

Transaction executions/commits in a blockchain network need to be fast, robust and secure and thus calls for minimal latency in transaction commits. In an execute-order-commit blockchain network, latency is high due to smart contracts been executed at every endorsing node of the blockchain network. A method and system for processing transactions in the blockchain network is disclosed. The system discloses a veriblock architecture, which enables processing a transaction request by executing an associated smart contract along with a proof of correctness of execution of smart contract using only one endorser. Further, enables verifying the smart contract by multiple endorsers. The smart contract associated with the proof, referred herein as a vericontract, is executed to generate an output and the proof using one of a) Verifiable Computing (VC) approach, b) a TEE approach and c) a hybrid approach (combination of VC and TEE).

Find Patent Forward Citations

Singh Dilip Thakur, Meena. (2023). Method and system for processing transactions in a blockchain network (U.S. Patent No. 11704303). U.S. Patent and Trademark Office. https://idiyas.com/patent/badge/11704303

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

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