Blockchain Asset Object Management via Smart Contract Intermediary
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Solution Overview
Problem
Current blockchain network technologies lack efficient methods for creating and managing asset objects and transferring assets between users, limiting their ability to convert real-world assets into digital assets for online management and transfer.
Innovation Solution
The implementation of a method and apparatus that utilizes smart contracts deployed in a blockchain network to create and manage asset objects by receiving creation requests, invoking execution programs, and transferring assets by removing and adding address information between target and receiving objects, ensuring compliance with predetermined transfer rules.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain network technology is used to establish a decentralized system, then security and transparency are improved, but the ability to efficiently create and manage asset objects is insufficient
Solution Approach 1:
The patent introduces a smart contract object as an intermediary between the blockchain network and asset objects. The smart contract object contains execution programs that automatically handle asset object creation, transfer, and management operations. This intermediary layer enables efficient asset management while maintaining the security and transparency of the underlying blockchain network, as the smart contract executes predetermined logic without requiring manual intervention or centralized control.
2Ease of operation
If manual methods are used to create and transfer assets, then flexibility is maintained, but automation and efficiency are reduced
Solution Approach 1:
The patent implements self-service through smart contract objects that contain execution programs automatically handling asset management operations. When an asset object needs to be created or transferred, the system automatically invokes the appropriate execution program within the smart contract object. The smart contract autonomously executes the creation or transfer logic based on predetermined conditions, eliminating the need for manual intervention while maintaining operational flexibility through configurable contract parameters.
3Reliability
If decentralized asset management is implemented, then transparency is improved, but system complexity increases
Solution Approach 1:
The patent segments the asset management system into distinct components: the blockchain network for secure data storage, smart contract objects for execution logic, and asset objects for representing digital assets. Each component has a specific function and can be independently developed and deployed. The smart contract object acts as a modular container for execution programs, allowing complex asset management logic to be broken down into manageable, reusable units that can be independently verified and executed on the transparent blockchain network.
Data Source
AI summary
This specification describes techniques for managing assets in a blockchain. One example method includes receiving, from a target user recorded in a distributed database of the blockchain network, a user input including a request to generate an asset object in the blockchain network, the blockchain network including an account object and a contract object, determining, based on the user input, an asset type of the asset object, initiating, in the blockchain network, the contract object corresponding to generate the asset object based on the asset type, the asset object including a digital asset corresponding to a physical asset associated with the target user, assigning the asset object to a target object of the target user, and adding address information of the asset object to the target object.