Anonymized Ticket Exchange Using Blockchain Identity Verification
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Solution Overview
Problem
Existing ticket exchange platforms face issues with high costs, ticket scalping, and rapid ticket availability, causing frustration for both sellers and buyers, particularly for popular events.
Innovation Solution
A distributed and anonymized ticket exchange platform using blockchain technology to verify identities through PII, generate PII hashes, and utilize smart contracts for secure and private transactions, ensuring compliance with anti-money laundering regulations while maintaining user privacy.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If traditional ticket exchange platforms are used, then ticket purchasing is possible, but ticket scalping and rapid availability cause frustration and limited accessibility
Solution Approach 1:
The patent introduces a blockchain-based intermediary system that mediates between ticket sellers and buyers. The blockchain network with smart contracts acts as a transparent intermediary that coordinates ticket exchanges, ensuring fair pricing and preventing scalping by eliminating the need for centralized platforms that can manipulate availability.
Solution Approach 2:
The patent replaces traditional mechanical ticketing systems with a blockchain-based digital system. Using distributed ledger technology and cryptographic protocols, the system eliminates the mechanical limitations of centralized ticket management, enabling transparent and reliable ticket exchange without scalping or artificial scarcity.
2Loss of information
If user privacy is maintained through anonymization, then user privacy is improved, but regulatory compliance with anti-money laundering regulations becomes challenging
Solution Approach 1:
The patent segments user identification into two distinct layers: a public blockchain layer for transparent transaction recording and a private identity layer for anonymized user representation. Each user is represented by a unique identifier on the blockchain that does not directly reveal personal information, while still enabling regulatory compliance through selective disclosure mechanisms.
Solution Approach 2:
The patent introduces a privacy layer as an intermediary between users and the blockchain network. This privacy layer uses techniques such as zero-knowledge proofs and cryptographic hashing to verify user identities and transactions without exposing personal information, thereby maintaining privacy while enabling regulatory compliance.
3Reliability
If blockchain technology is used for secure transactions, then transaction security is improved, but system complexity increases
Solution Approach 1:
The patent designs the blockchain system to serve multiple functions simultaneously: secure transaction recording, user identity verification, pricing mechanism, and regulatory compliance. By consolidating these functions into a single blockchain-based system, the patent reduces the need for multiple separate systems and simplifies the overall architecture despite the inherent complexity of blockchain technology.
Data Source
AI summary
Techniques for a distributed and anonymized ticket exchange platform that may involve verifying a prospective member's identity using person identifiable information (PII), such as a driver's license, passport information, etc., upon registration. The prospective member's identity is validating using a variety of techniques, such as by contacting references and receiving confirmations that the prospective member is indeed genuine. A new account is created for the prospective member and an anonymized version of the PII is associated with the account.