Blockchain Asset Access Control Using NFT Identity Binding
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing systems lack effective methods for securely controlling access to electronic assets using blockchain, AI, and ML-based oracle systems, particularly in managing permissions and ensuring the authenticity and usability of digital and physical assets.
Innovation Solution
A method and system utilizing blockchain networks, smart contracts, and AI/ML oracle systems to securely control electronic assets through asset NFTs, which are bound to authorized user identities, enabling permissions-based access management and ensuring authenticity and usability.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain and NFTs are used to control access to electronic assets, then security and authenticity are improved, but system complexity increases
Solution Approach 1:
The patent introduces an oracle system as an intermediary component that bridges the blockchain and external electronic assets. The oracle verifies asset conditions and triggers smart contract executions, simplifying the interaction between users and the complex blockchain infrastructure while maintaining security and authenticity through the blockchain's immutable ledger.
Solution Approach 2:
The patent creates digital copies of asset information and ownership records on the blockchain through NFTs and smart contracts. These copies contain all necessary verification data and access control logic, allowing secure asset management without requiring direct interaction with the complex underlying blockchain system for each operation.
2Adaptability or versatility
If AI/ML oracle systems are integrated for permission-based control, then access management capability is improved, but device complexity increases
Solution Approach 1:
The patent implements preliminary action by pre-programming access control logic and permission rules into smart contracts before asset transactions occur. The AI/ML oracle systems are pre-configured with verification parameters and access policies, enabling automated permission-based control without requiring complex real-time decision-making during asset access operations.
Solution Approach 2:
The smart contracts automatically execute access control decisions based on verified oracle data without requiring manual intervention. The system self-manages permission grants, revocations, and access denials through automated smart contract functions, reducing the operational complexity of access management while maintaining sophisticated AI/ML-based verification capabilities.
Data Source
AI summary
Embodiments securely control an electronic asset. One such embodiment binds an asset non-fungible token (NFT) pertaining to an electronic asset with a representation of an identity of an authorized user node. The node is paired with the electronic asset. The representation includes an identification NFT. The representation and the asset NFT are registered on a blockchain associated with the electronic asset. In response to receiving a task request from the node, a task is computationally performed relating to the electronic asset, and the representation of the identity, and the electronic asset is securely controlled. The task includes at least one of: (i) granting access to the electronic asset by the node in response to the node satisfying at least one condition and (ii) denying the access to the electronic asset by the node in response to the node not satisfying the at least one condition.