Permissionless Virtual Asset Exchange for Authority-Linked Recipe Sales
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Solution Overview
Problem
Existing virtual asset systems are centralized, limiting user control and freedom in buying and selling virtual assets, leading to high transaction costs and unreliable third-party services, and creating barriers for smaller developers and users.
Innovation Solution
A permissionless blockchain network and system that allows users to create, trade, and manage virtual assets without central authority, using a decentralized exchange with a user-driven interface and open-source ecosystem, enabling interoperability and seamless integration with external systems.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If centralized virtual asset systems are used, then platform control and security are improved, but user freedom in buying and selling virtual assets deteriorates
Solution Approach 1:
The system segments control between centralized platforms and decentralized user wallets. Virtual assets are divided into platform-controlled items and user-owned items, allowing users to freely trade their items while platforms maintain control over their own ecosystems. This segmentation enables both platform reliability and user freedom to coexist.
Solution Approach 2:
The invention introduces an intermediary layer (the blockchain-based trading platform) that facilitates user-to-user transactions without requiring direct platform intervention. This intermediary enables free buying and selling of virtual assets while maintaining platform security and control through smart contracts and automated verification.
2Adaptability or versatility
If third-party services facilitate illicit transfers, then user ability to trade virtual assets improves, but transaction costs and reliability deteriorate
Solution Approach 1:
The system converts the harmful effect of platform restrictions into a beneficial decentralized trading environment. By using blockchain technology, the platform enables legitimate free trading of virtual assets without relying on illicit third-party services, thereby eliminating the need for expensive and unreliable intermediary services while maintaining trading capability.
Solution Approach 2:
The invention enables users to perform trading operations independently through their own wallets and keys, without relying on third-party services. Users can directly transfer and trade virtual assets on the blockchain, eliminating dependency on potentially unreliable intermediaries while maintaining full trading capability.
3Reliability
If walled gardens are used, then platform security and control are improved, but barrier to entry for developers deteriorates
Solution Approach 1:
The system provides a universal platform that supports multiple virtual asset ecosystems and game platforms simultaneously. Developers can create and trade assets across different platforms using standardized blockchain protocols, eliminating the need to build separate systems for each platform while maintaining security through unified cryptographic verification.
Solution Approach 2:
The invention changes the fundamental parameters of platform access from exclusive licenses to open blockchain protocols. Instead of requiring developers to gain access to closed platforms, the system enables them to build on the open blockchain infrastructure, fundamentally changing how developers interact with platforms while maintaining security through decentralized verification.
Data Source
AI summary
A blockchain system for containing authority within a distributed consensual system includes a blockchain network of participating user devices. A participating user device, having a memory and a processor, is configured to create an account linking blockchain transaction to link a developer account with an external authority account of a user of the device. The user device is further configured to publish a recipe associated with the user's developer account, receive, from an external authority, a receipt indicating purchase of the recipe by another user connected to the distributed consensual system, create a recipe blockchain transaction including data identifying the recipe and the receipt, and broadcast the recipe blockchain transaction on the blockchain network. Upon validation, the user receives payment via one or more additional blockchain transactions.