Blockchain Asset Recovery via Distributed Voting Authentication
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Solution Overview
Problem
In block chain networks, retrieving assets when a user's private key is lost is complicated and lacks public credibility and efficiency, as existing methods are centralized and inefficient.
Innovation Solution
A block chain-based asset processing method that initiates a voting process among participants in the network to authenticate the identity of a target account, using an asset retrieval intelligent contract to determine ownership and transfer assets securely and transparently.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If centralized asset retrieval methods are used, then the process can be simplified, but public credibility and security are reduced
Solution Approach 1:
The patent segments the centralized asset retrieval process into multiple distributed voting operations performed by different network participants. Each participant independently verifies identity through smart contracts and casts votes, transforming a single centralized decision into multiple distributed decisions that collectively achieve both simplicity and credibility.
2Ease of operation
If traditional identity authentication is used, then the system is simpler to operate, but efficiency and accuracy of asset retrieval are reduced
Solution Approach 1:
The patent implements self-service identity authentication where the system automatically verifies participant identities and validates votes through smart contracts. The authentication process serves itself by using blockchain data and automated contract execution, eliminating manual verification while improving efficiency and accuracy of asset retrieval.
3Reliability
If decentralized voting is implemented, then credibility and security are improved, but system complexity increases
Solution Approach 1:
The patent introduces smart contracts as intermediaries that automatically manage the voting process. The smart contracts handle vote collection, verification, and tallying, reducing the complexity burden on users while maintaining decentralized credibility. The intermediary automates complex operations that would otherwise require manual coordination among participants.
4Measurement precision
If multiple participants vote on identity authentication, then accuracy of ownership verification is improved, but time consumption increases
Solution Approach 1:
The patent enables continuous parallel voting where multiple participants simultaneously cast their votes without sequential waiting. The smart contract system continuously collects and processes votes in parallel, maintaining useful action throughout the authentication process rather than requiring sequential verification, thus improving accuracy without proportionally increasing time consumption.
Data Source
AI summary
The present application discloses a block chain-based asset processing method, device, apparatus and storage medium, and relates to the technical field of block chain. The method includes: starting a voting on whether a target account is an account to be retrieved, in response to an asset retrieval transaction request of the target account for the account to be retrieved; performing an identity authentication on the target account, according to the votes of one or more target participants participating in one or more historical transactions initiated by the account to be retrieved; and processing the assets of the account to be retrieved, according to a result of the identity authentication of the target account.