Blockchain Asset Authenticity Management via Unique Codes
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current systems for tracking and managing tangible assets, particularly luxury or high-value items, lack effective methods to guarantee authenticity, origin, and traceability, as existing certificates are easily falsifiable and do not ensure proper maintenance or repair operations, leading to uncertainty in ownership and asset history.
Innovation Solution
A method utilizing blockchain technology to associate a unique identifying code with tangible assets, storing information in a digital platform, and using RFID tags or other electronic apparatuses to ensure the code remains linked to the asset, allowing for secure and immutable recording of ownership transfers, maintenance, and repair history.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional paper certificates of authenticity are used to accompany tangible assets, then the system is simple and easy to implement, but the certificates are easily falsifiable and can be tampered with or replaced
Solution Approach 1:
The patent replaces the mechanical paper-based certificate system with a digital blockchain system. Unique identifying codes are stored on tangible assets (e.g., embedded in products), and all authenticity information is recorded on an immutable blockchain ledger, eliminating the need for physical paper certificates that can be forged or tampered with.
Solution Approach 2:
The patent creates a digital copy of the authenticity certificate in the form of a blockchain record. Instead of relying on the physical paper certificate, the system uses a digital representation stored on the decentralized blockchain that cannot be altered, providing a reliable copy that proves authenticity without the vulnerabilities of paper-based systems.
2Loss of information
If digital tracking systems are implemented to record asset history, then traceability is improved, but the systems currently lack centralized registration and univocal digital ecosystem
Solution Approach 1:
The patent merges multiple separate tracking systems into a unified blockchain-based ecosystem. By combining unique identifying codes, asset information, maintenance records, and ownership history into a single decentralized ledger, the system achieves complete traceability without the fragmentation and integration issues of current multi-system approaches.
Solution Approach 2:
The blockchain system serves multiple functions simultaneously: it acts as a unique identifier registry, a traceability ledger, a maintenance record database, and an ownership transfer system. This multi-functional approach eliminates the need for separate specialized systems while achieving comprehensive asset management.
3Reliability
If blockchain technology is used to store asset information, then security and tamper-proofing are improved, but the system complexity and implementation difficulty increase
Solution Approach 1:
The patent segments the blockchain implementation into manageable components: unique identifying codes embedded in individual assets, decentralized network nodes that store and validate data, and standardized interfaces for data submission. This segmentation makes the complex blockchain system easier to implement and maintain by breaking it into independent, testable units.
Data Source
Figure 1
Figure 2
Figure 3
AI summary
Described herein is a method for associating information with an asset, comprising the following steps: • acquiring a unique identifying code associated with the asset; • transmitting to a digital platform a request for storing the information about the asset; • through the digital platform, verifying whether storing the information in blockchain requires the consent of at least one authorized participant; • through the digital platform, sending to the at least one authorized participant a request for consent to store the information; • when the consent of the at least one authorized participant is received by the digital platform, through said digital platform storing in the blockchain an information block containing the combination of the information about the asset with the unique identifying code of the asset.