Tencent Cloud Files Patent for Blockchain Transaction Scheduling, Enhancing Network Performance and Reducing Resource Waste

Tencent Cloud Files Patent for Blockchain Transaction Scheduling, Enhancing Network Performance and Reducing Resource WasteOn November 27, 2024, the State Intellectual Property Office of China revealed that Tencent Cloud Computing (Beijing) Co., Ltd

Tencent Cloud Files Patent for Blockchain Transaction Scheduling, Enhancing Network Performance and Reducing Resource Waste

On November 27, 2024, the State Intellectual Property Office of China revealed that Tencent Cloud Computing (Beijing) Co., Ltd. has filed a patent titled "Method, Apparatus, Electronic Device, and Storage Medium for Blockchain Transaction Scheduling," with publication number CN119025176A and application date of May 2023. The core of this patented technology lies in optimizing blockchain transaction scheduling to improve network performance and reduce resource waste.

The patent abstract details the implementation method, which centers on intelligent scheduling of blockchain transactions to effectively avoid resource conflicts and waste. The method involves executing multiple blockchain transactions and selecting a completed transaction as the target transaction. When processing conflicting target and first reference transactions, the system calculates a first weight for the target transaction and a second weight for the first reference transaction based on resource consumption parameters.

This weight calculation is key to the patent. By comparing the first and second weights, the system intelligently schedules the target transaction. Specifically, the system prioritizes transactions with higher resource consumption, while re-executing those with lower consumption. This strategy effectively avoids waste and improves overall blockchain network performance.

Imagine a busy blockchain network with numerous simultaneous transaction requests. Without effective scheduling, crucial transactions might be delayed or fail due to resource contention, leading to congestion and waste. Tencent Cloud's patented technology offers an efficient solution. Through precise weight calculation and scheduling strategies, it prioritizes transactions, ensuring important ones are processed first while preventing unnecessary resource consumption.

This technology has broad applications. In cloud computing, it enhances platform efficiency and reduces operational costs. In the blockchain realm, it optimizes transaction processing speed, increases network throughput, and ultimately improves user experience. Further applications include scenarios requiring efficient handling of large concurrent tasks, such as big data processing and AI computation.

The patent's mention of "apparatus, electronic device, and storage medium" underscores its practicality and feasibility. This indicates Tencent Cloud has not only designed an efficient scheduling algorithm but also considered hardware and software implementation, providing a solid foundation for practical application.

The innovation lies in the use of resource consumption parameters. Traditional blockchain transaction scheduling may lack fine-grained resource consumption control, leading to waste. Tencent Cloud's patent quantifies resource consumption, making it a key factor in transaction scheduling for optimized resource allocation. The system dynamically adjusts transaction priority based on actual conditions, maximizing resource utilization.

Importantly, this technology prioritizes resource efficiency alongside speed. It balances high performance with resource conservation, crucial in today's sustainability-focused environment.

This patent filing showcases Tencent Cloud's ongoing investment and innovation in blockchain technology. As a leading cloud service provider, Tencent Cloud is committed to blockchain application and development. This successful patent application will further strengthen its competitiveness in the blockchain field and provide stronger technological support.

In summary, Tencent Cloud's patent for "Method, Apparatus, Electronic Device, and Storage Medium for Blockchain Transaction Scheduling" represents significant technological innovation. Through fine-grained control of resource consumption parameters and intelligent scheduling strategies, it effectively enhances blockchain network performance, reduces resource waste, and unlocks new possibilities for cloud computing and related fields. Further development and application will have a profound impact on blockchain technology. This is not just a technical advancement; it represents a commitment to efficient resource utilization and sustainable development. Tencent Cloud's innovation will undoubtedly drive blockchain technology towards greater efficiency and sustainability. The patent also provides a new direction for blockchain technology development, highlighting the importance of resource optimization and efficient scheduling, offering valuable experience and reference for future research and development. As the technology matures and applications expand, we can expect its broader use to drive the flourishing of the digital economy.