According to a recent publication from the United States Patent and Trademark Office, Swiss start-up PraSaga has been awarded a patent, placing its operating system called SagaOS on the blockchain. Titled “Systemic Extensible Blockchain Object Model Comprising a First-Class Object Model and Distributed Ledger Technology,” US Patent Number 11436039B2 describes ways to process multiple messages passing transactions through the blockchain , according to Cointelegraph.
According to Cointelegraph, currently, smart contracts allow the processing of a single transaction or action at a certain time. However, PraSaga claimed that its proprietary methods, as described in the patent, can enable multiple actions to be performed simultaneously and in greater numbers. From a statement from the SagaOS team, they mentioned their goal of creating a native SagaChain-oriented operating system to store the logic behind the smart assets involved in individual accounts on SagaChain.
“SagaOS aims to improve developers’ ability to build applications, manage their codebases, and meet real-world challenges. We set out to address parallel transaction processing and in doing so, built a method for writing blockchain applications that match other application environments,” said David Beberman, co-founder, CTO and technology inventor, PraSaga.
Additionally, Cointelegraph noted that the patent filed in 2019 took three years to be approved. Currently, PraSaga does not have its own publicly traded token or mainnet, which the company expects to achieve by the end of Q2 2023. Hester M Peirce, Commissioner, US Securities and Exchange Commission, reportedly praised PraSaga as a potential Transportation Security Administration due diligence for regulatory use of blockchain.
The Going by Cointelegraph website, founded in 2013, is a digital media resource covering news on blockchain technology, cryptocurrency assets and emerging trends in financial technology (fintech). Their team aims to provide news from the decentralized and centralized worlds.
(With information from Cointelegraph)
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