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Patent drawing for Bilateral assertion model and ledger implementation thereof
US 12,235,873 B2
Computing US 12,235,873 B2 Not in force

Bilateral assertion model and ledger implementation thereof

This invention describes a computer system that maintains a shared, real-time record of transactions between various participants. Specifically, it tracks transactions between every pair of participants. For any proposed change to these records, all of the participants directly involved in that specific change must validate it; otherwise, the change is not applied.

Why it matters: Filed in 2023, the continued maturation of permissioned distributed ledger technologies and the increasing focus on highly consistent, auditable multi-party data sharing in enterprise applications make the strict 'all participants validate' consensus model more practical for niche business transactions.

Status
Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build
SpecializedDistributed software logic, real-time consensus

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