Per the US Patent and Trademark Office publication, Swiss blockchain startup PraSaga has received the award for a patent placing its blockchain-based operating network, called “SagaOS”. 

Specifically, going by the name “Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology,” the methods referred to in U.S. patent no. 11436039B2 are associated with processing numerous message passing transactions via blockchain. 

Currently, smart contracts only offer supporting features for processing just an individual transaction or action at any given time. Nonetheless, PraSaga states that its proprietary measures, as described in the patent, can enable the execution of different actions in a simultaneous manner, and in greater numbers. 

The SagaOS team shared their hope to form an operating network on the native SagaChain, which provides safekeeping for the class trees and logic for smart assets saved into individual accounts on SagaChain.

“SagaOS is going to improve the ability for developers to create applications, manage their codebases, and address real-world challenges. We set out to address parallel processing of transactions and in the process built a method for writing blockchain applications that more closely matches other applications environments.” With regard to the development, David Beberman, PraSaga’s co-founder, chief technology officer and inventor of the technology, remarked. 

The patent, with the filing submitted in 2019, went through a three-year processing period to be granted. PraSaga does not yet have its own publicly traded token nor its mainnet. 

Based on its roadmap, the firm plans to complete both tasks by the end of Q2 2023. Hester M. Peirce, commissioner of the U.S. Securities and Exchange Commission, once praised PraSaga as a potential “Transportation Security Administration [U.S. air travel pre-security clearance] precheck” for the regulatory use of blockchain.