Digital Twin Asset Tracking With Ledger-Based State Reconciliation
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing asset tracking systems face challenges in ensuring real-time data synchronization, security, and transparency, particularly in reconciling physical movements with digital records accurately, leading to vulnerabilities in data integrity and security.
Innovation Solution
Implementing a system that generates a digital twin of physical assets, linked to a distributed ledger, to track and protect assets by using control structures and blockchain technology, ensuring that digital records accurately reflect the physical state and vice versa, with real-time updates and verification.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional asset tracking methods are used, then implementation is simpler, but data synchronization and security are compromised
Solution Approach 1:
The patent creates digital twins as digital copies of physical assets, which are then tracked on a distributed ledger. This copying approach allows the physical asset to be represented and monitored digitally without altering the physical asset itself, ensuring data integrity while maintaining a manageable system architecture through separation of physical and digital tracking layers.
Solution Approach 2:
The distributed ledger acts as an intermediary between physical assets and digital records, providing a neutral, decentralized platform that ensures data integrity without requiring complex centralized security systems. The digital twin serves as another intermediary layer that bridges the physical asset and the blockchain, simplifying the overall system architecture.
2Productivity
If real-time tracking is implemented, then asset monitoring is improved, but data synchronization challenges increase
Solution Approach 1:
The system implements continuous tracking through digital twins that persistently represent physical assets on the distributed ledger. The tracking is ongoing and uninterrupted, with the digital twin continuously reflecting the current state of the physical asset, ensuring no information loss during transitions or handovers.
Solution Approach 2:
The distributed ledger provides immediate feedback when the state of a physical asset changes, automatically updating the digital twin. This feedback mechanism ensures real-time synchronization between physical and digital representations, preventing data loss and maintaining accuracy without requiring complex manual synchronization protocols.
3Measurement precision
If digital records are updated in real-time, then asset accuracy is improved, but security vulnerabilities increase
Solution Approach 1:
The patent uses cryptographic hashes and digital signatures as disposable security mechanisms that verify asset accuracy without exposing sensitive information. These cryptographic elements provide strong security protection while maintaining asset accuracy, as they can be easily generated and verified without compromising the underlying data.
Solution Approach 2:
The system implements preliminary security measures through smart contracts that encode business logic and constraints before assets are tracked. These pre-established rules prevent unauthorized modifications and ensure asset accuracy from the outset, reducing security risks before they can manifest rather than reacting to them afterward.
Data Source
AI summary
Various systems and methods are disclosed relating to twinning and/or tracking assets on-chain and off-chain. A data processing system includes one or more processing circuits configured to identify a physical asset corresponding to a tracking device and generate a digital twin of the physical asset. The one or more processing circuits are further configured to generate a token including a link to the digital twin and generate a control structure including executable code to verify a condition of the physical asset. The one or more processing circuits are further configured to broadcast the control structure to a distributed ledger and receive tracking data of the tracking device. The one or more processing circuits are further configured to broadcast the tracking data to the distributed ledger and update, using the control structure, the metadata object including the update to the metadata of the digital twin.