Autonomous Device Multi-Transfer with Intermediary Authentication
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Solution Overview
Problem
Existing autonomous devices lack secure and efficient mechanisms for engaging in transactions, including identity verification and fraud prevention, especially in decentralized digital asset ledgers.
Innovation Solution
Autonomous devices are equipped with processors and memory to store digital wallet information and execute transactions, including generating transaction requests, receiving confirmations, and publishing transactions to decentralized digital asset ledgers using blockchain technology.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If autonomous devices engage in transactions using digital wallets on decentralized ledgers, then transaction efficiency and autonomy are improved, but security risks including fraud and unauthorized transactions increase
Solution Approach 1:
The patent introduces an intermediary authentication system that verifies device identities and transaction authorizations before allowing blockchain transactions. This intermediary layer mediates between the autonomous device and the decentralized ledger, providing security verification without blocking transaction efficiency. The system uses authentication servers and verification mechanisms to ensure only authorized transactions are published to the blockchain.
Solution Approach 2:
The patent implements preliminary authentication and identity verification actions before transactions are executed on the blockchain. Device identities are verified in advance, authentication credentials are validated beforehand, and transaction authorizations are obtained prior to publishing to the decentralized ledger. This preliminary action prevents fraudulent transactions from being processed while maintaining efficient transaction flow for authorized operations.
2Extent of automation
If autonomous devices store and manage digital wallet information locally, then transaction autonomy and speed are improved, but device complexity and security vulnerability increase
Solution Approach 1:
The patent segments the transaction system into multiple components: local wallet information storage on the autonomous device, authentication credential verification on intermediary servers, and final transaction recording on the blockchain. This segmentation allows the device to maintain autonomy for initiating transactions while offloading complex security verification to external systems, reducing device complexity and security vulnerability.
3Reliability
If identity verification mechanisms are implemented for autonomous devices, then fraud prevention is improved, but transaction processing time increases
Solution Approach 1:
The patent performs identity verification and authentication actions in advance before transactions are needed. Device identities are registered and verified beforehand, authentication credentials are validated prior to transaction execution, and authorization is obtained before publishing to the blockchain. This preliminary action ensures fraud prevention without adding time delays to actual transaction processing.
Data Source
AI summary
Autonomous devices and systems, methods, and program products for authorizing and performing autonomous devices transactions are disclosed. An autonomous device can be configured to generate a first hash value of a chain of hash values by applying a hash algorithm to first data including first new data and a first previous hash value of the chain of hash values, the first previous hash value computed by applying the hash algorithm to first previous data. The device can transmit to a transaction computer system the first hash value and the first new data. The device can generate and transmit to the transaction computer system a first signed electronic transaction request comprising first transaction data comprising a sending account identifier associated with the autonomous device, a destination account identifier, a transaction amount, and a timestamp. The device can digitally sign the transaction request using a private key of an asymmetric key pair.