Secure Public Benefit Asset Tokens for Contingent Value Exchange
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Solution Overview
Problem
Existing computer systems struggle with efficient and secure management of contingent assets, particularly in transactions where asset valuation is contingent on future events, lacking robust risk analysis and secure token management.
Innovation Solution
A computing system utilizing a public benefit assets secure token that facilitates the listing, authentication, and secure transaction of contingent assets through a blockchain-based framework, incorporating risk analysis and secure token management to ensure fair valuation and secure exchange.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a blockchain-based secure token system is implemented for contingent asset management, then security and reliability of asset transactions are improved, but device complexity and system infrastructure requirements increase
Solution Approach 1:
The patent introduces a secure token as an intermediary representation of contingent assets, which mediates between the asset owner and potential buyers. The token encapsulates asset details, valuation contingencies, and transfer conditions, enabling secure peer-to-peer transactions without requiring complex centralized blockchain infrastructure. The token acts as a trusted intermediary that carries all necessary verification information internally.
Solution Approach 2:
The patent creates a digital copy of the contingent asset in the form of a secure token, which contains all essential asset information and transfer conditions. This token copy can be securely transmitted and transferred electronically, eliminating the need for complex physical asset verification systems while maintaining security through cryptographic protection of the token data.
2Measurement precision
If risk analysis mechanisms are integrated into the asset valuation process, then measurement precision of asset value is improved, but the time and computational resources required increase
Solution Approach 1:
The patent performs risk analysis and valuation assessment in advance, before the asset transaction occurs. The secure token is issued with a predetermined valuation based on contingency analysis, and this valuation is embedded in the token itself. When the token is transferred, the valuation is already established, eliminating the need for time-consuming real-time risk analysis during the transaction process.
Solution Approach 2:
The patent creates a digital copy of the asset valuation and risk analysis results within the secure token. This copied valuation information can be instantly verified and transferred without requiring repeated computational analysis, significantly reducing the time required for valuation assessment while maintaining precision through the embedded cryptographic verification of the original analysis.
3Reliability
If secure token management is implemented for contingent assets, then reliability of asset exchange is improved, but ease of operation in asset transactions deteriorates due to token security protocols
Solution Approach 1:
The patent merges multiple security functions into a single secure token unit. The token combines asset representation, valuation information, contingency conditions, and security verification into one integrated object. This consolidation simplifies the transaction process as users only need to transfer and verify the single token rather than managing multiple separate security protocols and documentation.
Solution Approach 2:
The secure token is designed to be self-verifying, containing all necessary information and cryptographic proofs within itself. When transferred, the token automatically verifies its own authenticity and validity without requiring external verification systems. This self-service capability maintains high security while improving ease of operation, as users simply need to receive and hold the token without complex verification procedures.
Data Source
AI summary
A method executed by a computing entity includes establishing a set of cryptography-authenticated public benefit asset information for a selected set of public benefit credit assets of a set of candidate public benefit credit assets to generate the selected set of public benefit credit assets. The method further includes generating a secure first token representing the selected set of public benefit credit assets based on the set of cryptography-authenticated public benefit asset information. The method further includes establishing, using control over the secure first token representing the selected set of public benefit credit assets on an object distributed ledger where only a device possessing control over the secure first token may modify the secure first token.