TODAY’S PATENT – HYBRID BLOCKCHAIN

The said invention (US9959065B2) was invented by Giuseppe Ateniese , Hoboken , NJ ( US ) ; Michael T . Chiaramonte , New York , NY ( US ) ; David Treat , Ridgefield , CT ( US ) ; Bernardo Magri , Rome ( IT ) ; Daniele Venturi , Rome ( IT ), patented on May 1st, 2018 by USPTO.

The hybrid blockchain structure features blocks with multiple parts, facilitating more granular control over validation and rewriting processes. This patent significantly improves blockchain technology by combining the strengths of both public and private networks, enabling greater flexibility, security, and scalability for various applications.

The existing blockchain technology typically revolves around public or private networks, each with its limitations. Public blockchains are decentralized but lack control, while private ones offer control but limit participation. The patented innovation, US9959065B2, introduces a hybrid model merging aspects of both. It allows trusted parties to perform blockchain rewrites under defined conditions, enhancing flexibility without compromising security. This capability is crucial for regulated environments or enterprises requiring adaptable blockchain solutions.