Automated Token Wallet Generation via Unique Identifiers
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Solution Overview
Problem
The creation of token wallets for non-fungible tokens (NFTs) is a technical barrier due to user interface complexities and the need for seed phrase generation, leading to delayed adoption and increased resource consumption in blockchain systems.
Innovation Solution
An automated system generates token wallets associated with unique identifiers like email addresses or phone numbers, allowing for seamless NFT creation and association, reducing the need for user interaction and resource-intensive processes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If automated token wallet generation is implemented, then ease of operation is improved, but device complexity increases
Solution Approach 1:
The system performs self-service by automatically generating token wallets without requiring user intervention. The processor autonomously creates wallets, manages seed phrases, and handles NFT associations, eliminating the need for users to navigate complex interfaces or understand technical processes.
Solution Approach 2:
The patent introduces an intermediary automated system that mediates between the user and the blockchain infrastructure. This intermediary handles the complexity of wallet generation, seed phrase creation, and NFT management, shielding users from technical complexities while maintaining ease of operation.
2Productivity
If manual token wallet creation is required, then device complexity is reduced, but productivity decreases
Solution Approach 1:
The system performs preliminary actions by pre-generating token wallets and storing them in an automated database before NFT creation is needed. This advance preparation eliminates delays during NFT minting operations, significantly improving productivity while the initial setup complexity is managed through automation.
Solution Approach 2:
The patent replaces manual mechanical processes (user interface interactions, manual wallet creation) with an automated computational system. This substitution eliminates the need for users to manually create wallets and associate them with NFTs, dramatically increasing productivity through automated processing.
3Reliability
If secure seed phrase generation is implemented, then reliability is improved, but ease of operation worsens
Solution Approach 1:
The patent extracts the seed phrase generation and management process from user responsibilities and places it within the automated system. The processor generates secure seed phrases, stores them in the automated database, and manages them without requiring users to handle or remember complex seed phrases, maintaining both security and ease of operation.
Solution Approach 2:
The automated system performs self-service by autonomously generating, storing, and managing secure seed phrases. This eliminates the need for users to manually create or manage seed phrases, maintaining high security standards while improving ease of operation by removing complex security procedures from the user interface.
4Productivity
If automated database storage is used, then productivity is improved, but loss of information increases
Solution Approach 1:
The automated database acts as a secure intermediary between the processor and storage requirements. It stores token wallets and seed phrases with appropriate security measures, enabling rapid retrieval (improving productivity) while maintaining information integrity and security (preventing loss of information).
Solution Approach 2:
The patent replaces manual wallet storage and retrieval processes with an automated database system. This substitution enables fast, automated wallet retrieval (improving productivity) while implementing controlled access and secure storage mechanisms that prevent information loss or unauthorized access.
Data Source
AI summary
Automatic token wallet generation includes generating a token wallet generated for a unique identifier that is associated with a person. The unique identifier may be a communication identifier like an email address, a telephone number, a social media handle, and so on. Storage space may be allocated for the token wallet and may be associated with the unique identifier. One or more NFTs (non-fungible tokens) may then be associated with the token wallet. In some examples, the token wallet may be automatically created in response to a request to associate an NFT with it. In other examples, the token wallet may be created in response to a request to perform other actions related to the token wallet.