Distributed ledger systems, methods and devices
The distributed ledger system with ephemeral nodes and peer-to-peer communication addresses security and complexity issues in blockchain systems, ensuring efficient and secure transactions with enhanced privacy.
AU2024201822B2Pending Publication Date: 2026-07-09CHRISTOPHER HIGGINS
Patent Information
- Application Number
- AU2024201822
- Authority / Receiving Office
- AU · AU
- Patent Type
- Applications
- Current Assignee / Owner
- Filing Date
- 2024-03-20
- Publication Date
- 2026-07-09
AI Technical Summary
Technical Problem
Existing blockchain systems face challenges in balancing security with system complexity, leading to inefficiencies in transaction execution and maintenance, and lack of robust privacy measures for customer data release.
Method used
A distributed ledger system with ephemeral user nodes that utilize peer-to-peer communication, biometric authentication, and dynamic node identities to enhance security and simplify blockchain operations, allowing for secure and efficient transactions.
Benefits of technology
The system provides secure, efficient, and simplified blockchain operations with enhanced privacy measures, enabling seamless transactions and secure data exchange between parties.
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Smart Images
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Abstract
A distributed ledger system configured to create, update and maintain at least one blockchain indicative of transactions performed by a network of users of the system, the system comprising a network of computing devices including a network of user nodes in communication with one another to participate in transactions and subsequently write the transactions to an associated blockchain, each node being associated with at least one processor and at least one computer-readable medium having recorded thereon instructions to be executed by the processor(s) to carry out one or more blockchain-related tasks for creating, updating and / or maintaining at least one associated blockchain of the system based on the transactions; and wherein the network of computing devices is operable to enable at least one ephemeral user node to join the network of computing devices to carry out the blockchain-related tasks in association with at least one blockchain during an active session of the ephemeral user node. 20 24 20 18 22 20 M ar 2 02 4 A B S T R A C T 2 0 M a r 2 0 2 4 2 0 2 4 2 0 1 8 2 2
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Citation Information
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