US Patent Issued to BLOOM TECHNOLOGY on July 29 for "DAG-AWTC ledger system using BFT verification consensus mechanism" (South Korean Inventor)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,375,498, issued on July 29, was assigned to BLOOM TECHNOLOGY INC. (Seongnam-si, South Korea).

"DAG-AWTC ledger system using BFT verification consensus mechanism" was invented by Young Hyun Joo (Yongin-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "A directed acyclic graph account-wise transaction chain (DAG-AWTC) ledger system includes a transaction-for-consensus configuration module which is for selecting a transaction for consensus for which a byzantine fault tolerance (EFT) consensus is to be executed with respect to a transaction of a DAG-A WTC, real-time configuring same, and outputting the real-time configured transaction for conse...