Normalized Asset Valuation via Cryptocurrency Conversion
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Solution Overview
Problem
Existing asset valuation methods using different algorithms produce inconsistent results, making it difficult for content owners to accurately evaluate asset value, and lack mechanisms for secure storage and cross-enterprise cost accounting.
Innovation Solution
The method involves obtaining multiple asset valuation models generated using different algorithms, converting them into a common cryptocurrency form, and storing the normalized values in a secure distributed ledger system to facilitate secure storage and data movement based on valuation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple different asset valuation algorithms are used to evaluate the same asset, then comprehensive valuation perspectives are obtained, but the valuation results become inconsistent and difficult to compare
Solution Approach 1:
The patent introduces a normalization layer as an intermediary between multiple valuation algorithms and the final comparison. This normalization layer converts diverse valuation outputs (different currencies, units, timeframes) into a standardized common form, enabling consistent comparison while preserving the diversity of valuation perspectives from multiple algorithms
Solution Approach 2:
The patent transforms valuation results by changing their parameters - converting different currencies to a base currency, standardizing time periods, and normalizing units of measurement. This parameter transformation allows multiple valuation algorithms to produce comparable results without losing their unique evaluation perspectives
2Ease of operation
If valuation information is stored in traditional centralized systems, then easy access is achieved, but security and manipulation resistance are compromised
Solution Approach 1:
The patent segments the centralized valuation information storage into a distributed network of nodes. Each node stores a portion of the valuation data and validation logic, eliminating the single point of failure and manipulation risk associated with centralized systems while maintaining accessibility through the distributed network
Solution Approach 2:
The patent creates multiple identical copies of valuation information across distributed ledger nodes. Each copy is cryptographically verified and immutable, ensuring that the valuation data can be accessed from multiple locations while preventing unauthorized modification through cryptographic security
Data Source
AI summary
Techniques are disclosed for normalized asset valuation and secure storage of information associated with such normalized asset valuation. In one example, a method obtains two or more asset valuation models for a given asset, wherein at least two of the two or more asset valuation models are generated using different asset valuation algorithms, and then converts one or more values in each of the two or more asset valuation models into a common valuation form such that the two or more asset valuation models are converted into two or more normalized valuation models. The common valuation form may be in the form of a cryptocurrency. The method may also combine the two or more normalized valuation models to form a single normalized valuation for the given asset. Still further, the method may store valuation information associated with the converting step in a secure storage system, e.g., a distributed ledger system.