QUANT granted us patent for chronologically ordering blockchain transactions

Posted under: Fintech
Date: 2024-02-08
QUANT granted us patent for chronologically ordering blockchain transactions

Quant, the blockchain for finance pioneer, has secured a new patent from the United States Patent and Trademark Office. The patent, titled ‘Blockchain Communications and Ordering’, recognizes that Quant has invented a unique method for chronologically ordering transactions from different blockchains. Having also secured a patent from the Japanese Patent Office last year, this represents another significant milestone in Quant’s ongoing mission to make distributed ledger technology simple, trusted, and future-proof. Prior to Quant’s research and development, different ‘block times’ across blockchains meant that finding a definitive transaction ordering method over multiple blockchains that a consortium could agree on was a disjointed and inconsistent process. The grant of US patent 11842335 recognizes that Quant has introduced a method to agree on a universal time zone for all blockchains so that enterprises and smaller businesses can produce reliable, consensus-based records.

Read more at: financialit.net