Blockchain real-time transaction processing system

Blockchain real-time transaction processing system

Glossary

Term Definition Blockchain is a data structure that connects data blocks in a chain in chronological order, and cryptographically guarantees that the distributed ledger cannot be tampered with or forged. Blockchain network is a network maintained by multiple nodes through a consensus mechanism for storing and managing blockchain data. Blockchain node is a device that connects to the blockchain network and maintains complete blockchain data. Block producing node is a node that generates new blocks through "mining" and adds them to the blockchain. Virtual currency is a currency that exists in digital form and is not linked to the legal currency of any specific country or region. Native asset refers to a token created and used on a specific blockchain, such as Bitcoin. Third-party token refers to a token created on an existing blockchain network to represent other assets or rights, such as ERC-20 tokens based on Ethereum. Open Asset Protocol is a technical standard for issuing and managing tokens on a blockchain. Custom asset refers to a token that represents a specific asset or interest on the blockchain, such as stocks, bonds, etc. Colored coin is a token issuance and management technology based on the Bitcoin protocol that can mark Bitcoin and use it to represent other assets or interests. Permission refers to the right of a user or device to access specific resources or perform specific operations. Authentication refers to the process of verifying the identity of a user or device. Authorization refers to the process of granting a user the right to access specific resources or perform specific operations based on his or her identity and permissions. Service provider refers to an institution that provides blockchain real-time transaction processing services. API key is a key used to access and use the application programming interface (API). Short answer question

What is blockchain real-time transaction processing? Blockchain real-time transaction processing refers to the technology that processes transactions and updates the accounts of both parties to the transaction immediately without waiting for block confirmation. It achieves faster transaction speeds and higher transaction efficiency by optimizing transaction verification and confirmation mechanisms.

What are the advantages of blockchain real-time transaction processing compared to traditional transaction processing methods? Compared with traditional transaction processing methods, blockchain real-time transaction processing has the advantages of decentralization, high transparency, strong security, fast transaction speed and low cost.

What kind of blockchain real-time transaction processing system does patent KR102384340B1 describe? The patent describes a real-time transaction processing system based on a permissioned blockchain network, which realizes rapid verification and confirmation of transactions through collaboration between service providers, blockchain networks and user terminals, and ensures the security and reliability of transactions.

What is the role of the service provider in this patent? The service provider is responsible for receiving transaction requests from user terminals, authenticating users, and sending verified transactions to the blockchain network for processing.

What is a permissioned blockchain network? A permissioned blockchain network refers to a blockchain network in which only authorized nodes can join and participate in network operations, such as a private chain.

In this patent, how to ensure the security of transactions? The patent ensures the security of transactions by authenticating users, using encryption technology to protect transaction data, and using a multi-node consensus mechanism to verify transactions.

What is a blockchain browser? A blockchain browser is a tool for viewing transaction records, block information, address balances and other data on a blockchain network.

In this patent, how is the blockchain browser used to improve transaction processing efficiency? By storing part of the transaction information in the blockchain browser, the storage burden of the blockchain network can be reduced and the transaction processing efficiency can be improved.

What is the role of the "API key" mentioned in the patent? The API key is used to verify the identity of the user terminal and authorize it to access and use the blockchain real-time transaction processing service provided by the service provider.

What are the potential application scenarios of the blockchain real-time transaction processing technology proposed in this patent? This technology can be applied to supply chain finance, digital identity authentication, IoT data management, cross-border payments and other fields.

Thesis title

Design and implementation of real-time transaction processing system based on permissioned blockchain network

Research on the application of blockchain real-time transaction processing technology in supply chain finance

How blockchain technology solves the pain points of traditional transaction processing methods

Security analysis of blockchain real-time transaction processing technology

Future development trend of blockchain real-time transaction processing technology