Migu Culture & Technology Applies for Blockchain Data Processing Patent to Address Resource Constraints

Migu Culture & Technology Applies for Blockchain Data Processing Patent to Address Resource ConstraintsFinancial World, November 14, 2024 - Information from the State Intellectual Property Office shows that Migu Culture & Technology Co., Ltd has filed a patent for a "method, device, readable storage medium and program product for processing blockchain data," with a publication number of CN118939725A and an application date of July 2024

Migu Culture & Technology Applies for Blockchain Data Processing Patent to Address Resource Constraints

Financial World, November 14, 2024 - Information from the State Intellectual Property Office shows that Migu Culture & Technology Co., Ltd has filed a patent for a "method, device, readable storage medium and program product for processing blockchain data," with a publication number of CN118939725A and an application date of July 2024.

This patent aims to address the resource bottlenecks faced by blockchain technology development. As blockchain technology is increasingly applied, more and more data needs to be stored on the chain, but existing blockchain resources are struggling to meet this demand. To tackle this challenge, Migu Culture & Technology Co., Ltd has introduced a new blockchain data processing method.

The patent abstract indicates that the method is executed by the first node in the blockchain, which encompasses at least two blockchain subchains, each corresponding to a different on-chain strategy. Different data on-chain strategies can satisfy diverse on-chain requirements, effectively mitigating the problem of resource constraints in blockchain.

Specifically, the method involves the following steps:

1. Acquiring business data for on-chain storage: First, the system acquires business data that needs to be stored on the chain. This data can come from various business scenarios.

2. Sending business data to the blockchain subchain based on the first on-chain requirement of the business data and the on-chain strategy corresponding to the subchain: Subsequently, based on the specific requirements of the business data and the strategy of each subchain, the system sends the data to the most suitable subchain for storage.

This approach allows different data to be stored on different subchains based on specific on-chain requirements, thereby enhancing the efficiency of blockchain resource utilization.

The filing of this patent demonstrates that Migu Culture & Technology Co., Ltd is actively exploring the challenges of blockchain technology in practical applications and is committed to driving the advancement and application of blockchain technology. In the future, the successful application of this patented technology will contribute to resolving blockchain resource constraints, fostering further development and widespread adoption of blockchain technology.

Source: Financial World, Author: Intelligence Officer