Asset Transaction Links for Non-Subscribed Trader Access
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Solution Overview
Problem
Electronic trading platforms restrict asset transactions to users subscribed to the platform, preventing trades between participants not using the same platform.
Innovation Solution
A method and system that facilitate asset transactions between trader nodes on different platforms by generating links and codes for authentication, enabling communication and confirmation of transactions between non-subscribed nodes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If electronic trading platforms allow only subscribed users to trade assets, then platform security and control are improved, but trading accessibility and platform compatibility deteriorate
Solution Approach 1:
The patent introduces a link as an intermediary element that enables communication between subscribed traders on the platform and non-subscribed traders outside the platform. The link serves as a mediator that allows the platform to maintain its subscription-based control structure while facilitating transactions with external participants through a controlled interface.
Solution Approach 2:
The patent segments the trading system into platform participants (subscribed users) and non-platform participants (non-subscribed users), with the link acting as a bridge between these segments. This segmentation allows the platform to maintain its closed ecosystem for core users while enabling controlled interaction with external users through the link mechanism.
2Reliability
If electronic trading platforms restrict transactions to same-platform users, then transaction security is improved, but transaction flexibility and cross-platform trading deteriorate
Solution Approach 1:
The link functions as an intermediary that enables secure cross-platform transactions by establishing a controlled communication channel between platform users and external users. This intermediary mechanism allows the platform to extend transaction capabilities beyond its boundaries while maintaining security protocols through the structured link-based interaction.
3Adaptability or versatility
If the platform generates links for non-subscribed traders, then trading inclusivity is improved, but system complexity increases
Solution Approach 1:
The system implements self-service functionality where the platform automatically generates links for non-subscribed traders without requiring manual intervention. The link generation process is automated, and the system handles the complexity of managing external user connections through standardized procedures, reducing the perceived complexity for users while maintaining trading inclusivity.
Data Source
AI summary
A method of supporting an asset transaction, the method comprising: receiving, from a first trader node using an asset transaction platform, asset transaction request information that targets a second trader node not using the asset transaction platform; generating a first link to be transmitted to the second trader node with reference to the asset transaction request information; receiving, from the second trader node connected to the asset transaction platform via the first link, asset transaction acceptance information corresponding to the asset transaction request information; and confirming execution of an asset transaction between the first trader node and the second trader node with reference to the asset transaction acceptance information.