Detailed Explanation of the Patent Application for a Distributed Oracle Implementation Method Based on Node Binding

Detailed Explanation of the Patent Application for a Distributed Oracle Implementation Method Based on Node BindingThe State Intellectual Property Office of China shows that Tian Chu (Shanghai) Technology Co., Ltd

Detailed Explanation of the Patent Application for a Distributed Oracle Implementation Method Based on Node Binding

The State Intellectual Property Office of China shows that Tian Chu (Shanghai) Technology Co., Ltd. filed a patent application in November 2024 for an "Implementation Method of Distributed Oracle Based on Node Binding," with publication number CN119066717A. This patent application aims to address issues of insufficient data reliability, inadequate decentralization, and high security risks in existing blockchain oracle technologies, offering a breakthrough in the blockchain technology field.

The core of the patented method lies in embedding oracle programs within blockchain nodes and combining them with a node-to-node signature verification mechanism to significantly enhance data reliability and security. Traditional oracle systems often suffer from single data sources and vulnerability to tampering. This patent cleverly leverages the decentralized nature of blockchain by directly integrating oracle functionality into the nodes. This design effectively avoids single points of failure and improves system fault tolerance.

The patent abstract clearly states that the method achieves distributed data acquisition and verification by inserting oracle programs into blockchain nodes. Oracle programs no longer rely on external servers or centralized entities; they run directly on each node, strengthening the system's resistance to attacks. Each node independently acquires and processes data, and a signature verification mechanism ensures data integrity and authenticity. The inter-node signature verification process resembles a multi-party verification mechanism. Any attempt by a single node to tamper with data will be easily detected by other nodes. This mechanism effectively prevents program recompilation, enhances system security, and increases the difficulty of fraud.

Furthermore, the method emphasizes the importance of node binding. By binding and verifying independent nodes, the system effectively reduces single points of failure and the risk of malicious manipulation. This means that even if some nodes fail or are attacked, the entire system's operation will not be affected. This fault tolerance is lacking in many existing oracle systems. Strict binding and verification of independent nodes ensure data accuracy and reliability, further enhancing oracle security.

Economically, the patented technology shows significant advantages. Zero-fee transactions for verification nodes significantly reduce operating costs, crucial for large-scale deployment and application of oracle systems. Traditional oracle systems often incur high transaction fees, while this patented technology optimizes the cost structure, lowering the barrier to entry and enabling more users to enjoy the convenience of oracle services. The introduction of reward tokens further optimizes the cost structure through an efficient incentive mechanism, promoting the healthy development and operation of the system.

More importantly, the patented technology constructs a highly secure ecosystem through deep binding between the blockchain network, the oracle, and users. This deep binding mechanism makes it difficult for attackers to control the entire system. Previous oracle systems were vulnerable to single-point attacks, but this patented technology effectively disperses risk through multi-node collaboration and signature verification. Even if an attacker controls some nodes, they cannot easily tamper with data or control the entire system.

In summary, this patent application for an "Implementation Method of Distributed Oracle Based on Node Binding" demonstrates significant advantages in data reliability, decentralization, and security. By inserting oracle programs into blockchain nodes, employing a node-to-node signature verification mechanism, and binding and verifying independent nodes, the method effectively addresses many challenges facing existing blockchain oracle technologies, laying a solid foundation for building more secure and reliable blockchain applications. Its reduced operating costs, efficient incentive mechanism, and deep binding mechanism highlight its outstanding contributions to economic efficiency and system security. The successful application of this technology will undoubtedly drive further development of blockchain technology and provide secure and reliable data support for more application scenarios. The innovation lies in its holistic consideration of security and efficiency, resulting in a more robust and efficient oracle system. By combining the distributed nature of blockchain and the secure mechanism of node binding, this patent application is expected to solve the long-standing data security and reliability issues plaguing the blockchain oracle field, contributing to the construction of a more robust blockchain ecosystem. Future applications of this technology will further enhance the application range and reliability of blockchain technology, enabling it to play a key role in more fields.