PraSaga awarded the US patent to place a complete operating system on the blockchain

by Arthur · September 8, 2022

PraSaga awarded the US patent to place a complete operating system on the blockchain

Swiss blockchain startup PraSaga has reportedly found a way to perform multiple actions on the blockchain simultaneously

By Shashank Bhardwaj

Image: Shutterstock

On Tuesday, the United States Patent and Trademark Office granted a patent to blockchain startup PraSaga. According to reports, the company received the patent for its method of processing message transactions. This enables them to deploy a full operating system, called “SagaOS”, on the blockchain. The US patent number is 11436039B2. PraSaga is a Swiss company. The goal is to create the next generation Layer One blockchain. It also wants to provide the world with a borderless global infrastructure. Through this, the company wants to build a system that will benefit users all over the world.

Previously, US Securities and Exchange Commissioner Hester M Peirce praised PraSaga as a potential “Transportation Security Administration” [U.S. air travel pre-security clearance] pre-check’ for regulatory use of blockchain. The patent is titled ‘Systemic Extensible Blockchain Object Model comprising a first-class object model and a distributed Ledger technology.’ It is concerned with processing multiple messages that send transactions via blockchain. In other words, PraSaga’s systemic extensible blockchain object model is covered by the patent. It includes a first-class object model as well as distributed ledger technology.

Michael Holdmann, CEO and founder of PraSaga, said in a statement, “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 … 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.”

During his keynote speech at the Crypto Valley Summit, PraSaga is expected to discuss the significance of this patent. It is worth noting that this year’s summit will be sponsored by PraSaga. PraSaga claims that their proprietary methods enable simultaneous and mass execution of multiple actions. This is different from how smart contracts work today. Currently, smart contracts can only process one transaction or action at a time.

The patent was applied for in 2019. PraSaga currently lacks both a listed token and a mainnet. The SagaOS team stated that they hope to build an operating system on native SagaChain that stores the class trees and logic for smart assets stored in individual SagaChain accounts.

David Beberman, PraSaga’s co-founder, chief technology officer and inventor of the technology, was quoted as saying, “This is going to improve the ability for developers to create applications, manage their codebases and deal with real-world challenges… We set out to take tackle parallel processing of transactions and in the process built a method for writing blockchain applications that more closely match other application environments.”

The author is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash