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Mastercard International Inc. has filed a patent application for a fast data block blocking navigation system, according to a filing with the US Patent and Trademark Office.
The system is designed to facilitate navigation and checking blocks in a blockchain.
David J. King of Guildford, UK, is listed as the inventor of the system. . The patent was filed on October 24, 2016. The date of publication on the application is April 26, 2018.
Responding to a need
The application notes that there is a need for a technical solution to increase the speed at which a chain of blocks can be navigated for checking a large number of blocks and reduce the time it takes for a new node to start participating in the blockchain.
Each block of The system will have a header consisting of an accelerated procedure flag, a quick reference, a timestamp, and a hash value.
The use of specialized flags and hash values included in block headers significantly increases the speed of navigation, greatly reducing the computation time and the power needed to check the chain of blocks. The result will be more efficient navigation and checking of the blockchain.
Also read: Patent of PayPal files to improve transaction times of cryptocurrency
The system can enable the generation of a blockchain configured for fast navigation through the use of specialized accelerated flags and accelerated reference values. Such data can not only enable faster navigation in a blockchain, but also faster checking of the blocks included in the blockchain in order to provide more efficient computing.
As a result, new computer peripherals will be able to participate as nodes in the blockchain faster than in traditional blockchains.
The timestamp can use any type of appropriate representation, such as a date-time value, a duration in seconds since the beginning of the UNIX era, and so on.
The processing server may be one of a plurality of nodes associated with the blockchain, each of which may be configured to receive transaction records to be included in blocks that are generated to be added to the chain of blocks.
In some embodiments, the blockchain may be an allowed blockchain that may use digital signatures.
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