PraSaga granted patent for Blockchain First Class Object Model Operating System
ZUG, Switzerland, 6 September 2022 /PRNewswire/ — PraSaga™, a Swiss foundation building the next generation of Layer One blockchain, announced today that the US Patent and Trademark Office granted the company a patent on its method of processing message transfer transactions, which allows it to put a full operating system, SagaOS, on the blockchain. The patent (number 20200348963) covers PraSaga’s systemic extensible blockchain object model consisting of a first-class object model and a distributed ledger technology.
PraSaga fulfills its vision of a borderless global infrastructure, enabling a system that will benefit users worldwide. Currently, the blockchain ecosystem is limited by its scalability, with transaction processing being a particularly challenging bottleneck. This is characterized by the limitations of the smart contract, which enables the processing of only one transaction or action at any given time. PraSaga’s technology will enable the execution of several actions simultaneously and in greater numbers.
“The award of this patent enables PraSaga to take another significant step in delivering the next evolution of blockchain architecture – by providing the ecosystem with an important building block in scalability,” it said. Michael Holdmann, CEO and founder of PraSaga. “Our technology fundamentally changes how a blockchain can scale by enabling SagaOS to perform operations and functions directly from SagaChain, enabling much more complex problems to be solved and a globally hardened code base.”
The patent granted to the Swiss Foundation, with its 26 claims, referring to the prior art of IBM’s OS/2 operating system, a 1St class object model architecture (influenced by Parc Research’s Smalltalk object-oriented language) is also the basis for OSX, Windows and Linux. SagaOS establishes an operating system that will run on the global network of SagaChain and store the class trees and logic for Smart Assets stored in individual accounts on SagaChain.
“This is going to improve the ability of developers to create applications, manage their codebases and meet real-world challenges,” said David Beberman, CTO and co-founder of PraSaga. “We set out to address parallel processing of transactions and in the process built a method for writing blockchain applications that more closely match other application environments.”
PraSaga will talk about the importance of this patent during a keynote speech at the Crypto Valley Summit, which it will sponsor this year. The summit brings together investors, businesses and high-profile individuals in one place to explore how current and future applications of blockchain technology can help optimize and develop businesses, revolutionize healthcare, modernize government institutions, improve regulated industries and supply chains, and improve our everyday lives as a whole . The summit is held in Zug, Switzerland on 14 September and 15. More information is at: CV Summit 2022 – Where blockchain meets the world (blockchainsummit.ch). If you would like to connect with PraSaga at the Crypto Valley Summit, please get in touch and we can arrange it.
About PraSaga
PraSaga is a Swiss foundation building the next generation of Layer One blockchain. PraSaga’s technology solution solves many of the limitations that plague first-generation Layer One blockchains. SagaChain™ successfully handles transaction fee lowering, supply chain scalability and significantly reduces development costs.
Consult: [email protected]
SOURCE PraSaga
