MUMBAI, India, June 20 -- Intellectual Property India has published a patent application (202321085190 A) filed by Ettrick Innovations Private Limited, Maharashtra, on Dec. 13, 2023, for 'secure and fault-tolerant blockchain transactions system and method thereof.'
Inventor(s) include Rajanish Kamalakar Kamat; and Jitendra K Gupta.
The application for the patent was published on June 20, under issue no. 25/2025.
According to the abstract released by the Intellectual Property India: "A secure and fault-tolerant blockchain transactions system and method thereof is disclosed. The disclosed blockchain-based transaction system and method integrate a fault-tolerant cluster of computers to ensure continuous node functionality within a consensus network. A contract manager system employs cryptographic protocols for secure digital currency exchange on the blockchain, while the blockchain network, with multiple nodes and consensus mechanisms, instructs trust entity computing devices. The intuitive graphical user interface (GUI) features user-friendly controls, a display, and robust security measures. Comprising a computer processor and memory/storage medium, the system facilitates secure exchanges of digital currencies across different types or blockchains, providing a seamless and transparent transaction experience for at least two entities."
Disclaimer: Curated by HT Syndication.
