Blockchain Assessment Node for Token Transparency
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Solution Overview
Problem
Digital tokens on blockchain networks lack transparency and security due to hidden risks and lack of clear history, making it difficult to assess their value and safety.
Innovation Solution
An assessment node is introduced within the blockchain network to evaluate digital tokens based on various attributes, embedding the assessment value and data into a self-contained structure, which travels with the token, providing a stratified token appraisal structure that updates as the token moves across networks.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If digital tokens are created and transferred on blockchain networks without centralized control, then decentralization and autonomy are improved, but transparency and security are worsened due to hidden risks and lack of clear history
Solution Approach 1:
The patent introduces an assessment node as an intermediary component within the blockchain network that independently evaluates digital tokens and embeds assessment data into their structure. This mediator provides transparency and security evaluation without centralizing control of the blockchain itself, thus resolving the contradiction between decentralization and transparency.
Solution Approach 2:
The assessment node performs preliminary evaluation of digital tokens before they are transferred or used in the network. By embedding assessment data in advance into the token structure, the system ensures transparency and security are established beforehand, preventing hidden risks from emerging later while maintaining decentralized operation.
2Loss of information
If assessment data is embedded within the digital token structure, then transparency and auditability are improved, but device complexity is worsened due to the stratified appraisal structure
Solution Approach 1:
The patent merges the assessment data directly into the digital token's existing data structure by embedding it within the token itself. This combining approach ensures auditability information travels with the token without requiring separate storage systems or additional complex infrastructure, thus improving auditability while minimizing added complexity.
Solution Approach 2:
The digital token becomes self-containing by including its own assessment data within its structure. This self-service approach allows the token to carry its own auditability information independently, eliminating the need for external assessment storage systems and reducing overall system complexity while maintaining transparency.
3Reliability
If multiple assessment nodes evaluate digital tokens across different blockchain networks, then reliability and security are improved, but loss of time is worsened due to repeated assessments during token transfer
Solution Approach 1:
The assessment node performs evaluation in advance and embeds the assessment data within the digital token structure before transfer. This preliminary action ensures security is established beforehand, and when the token moves between networks, the embedded assessment data can be referenced without requiring complete re-assessment, thus maintaining security while reducing repeated assessment time.
Solution Approach 2:
The embedded assessment data in the token structure provides feedback to subsequent assessment nodes about the token's evaluation history. This feedback mechanism allows new assessment nodes to review existing assessment information and perform only necessary updates rather than complete re-evaluations, maintaining security standards while reducing time loss during token transfers between networks.
Data Source
AI summary
An example operation may include one or more of receiving a digital token that is created by software application of a blockchain network and which comprises a predefined data structure, determining, via a network node, an assessed value of the digital token based on an assessment of a plurality of attributes of the digital token, embedding, via the network node, the assessed value and an identifier of the blockchain network of the network node within a data container that is included in the predefined data structure of the digital token, and storing the digital token with the embedded assessed value at a blockchain memory address.