Invention Grant
- Patent Title: Blockchain expense and resource utilization optimization
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Application No.: US15294461Application Date: 2016-10-14
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Publication No.: US11176506B2Publication Date: 2021-11-16
- Inventor: Rafal P. Konik , Roger A. Mittelstadt , Brian R. Muras , Chad A. Olstad
- Applicant: International Business Machines Corporation
- Applicant Address: US NY Armonk
- Assignee: International Business Machines Corporation
- Current Assignee: International Business Machines Corporation
- Current Assignee Address: US NY Armonk
- Main IPC: G06Q10/06
- IPC: G06Q10/06 ; G06Q20/38 ; G06Q20/06

Abstract:
A blockchain configuration may require constant and large amounts of resources to maintain a growing structure. One example method of operation may include receiving blockchain transactions and creating a blockchain block, identifying miner devices to process the blockchain block, identifying expenses associated with each of the miner devices, selecting an optimal cost miner device among the miner devices based on the identified expenses associated with each of the miner devices, and assigning the optimal cost miner device to solve the blockchain block.
Public/Granted literature
- US20180107958A1 BLOCKCHAIN EXPENSE AND RESOURCE UTILIZATION OPTIMIZATION Public/Granted day:2018-04-19
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