Blockchain Asset Transfer Platform with Permit Data Structures

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Solution Overview

Problem

Current blockchain technologies are limited in their ability to support automated tasks and processes beyond cryptocurrency transactions, lacking versatility and efficiency in recording and transferring digital assets.

Innovation Solution

A computer-implemented method and system for providing access to an asset transfer processing platform, which utilizes a blockchain-supported append-only log (event stream) for secure and efficient transfer of digital assets, incorporating cryptographic signatures and permit data structures for secure interaction and data validation.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If blockchain technology is used for cryptocurrency transactions, then security and decentralization are improved, but versatility and efficiency for automated tasks are worsened

Engineering Contradiction:

ImprovesecurityVSAvoidversatility for automated tasks

Core Design Contradiction:

ReliabilityVSAdaptability or versatility

Solution Approach 1:

The patent applies universality by creating a platform that performs multiple functions: it handles cryptocurrency transactions, manages digital asset transfers, executes automated tasks through smart contracts, and provides event stream processing. The system serves as both a transaction ledger and an automated task execution environment, allowing blockchain technology to be versatile across different application domains while maintaining its security foundations

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Stability of the object's composition

If blockchain technology is used for recording transactions, then data integrity and immutability are improved, but productivity and efficiency for automated processes are worsened

Engineering Contradiction:

Improvedata integrityVSAvoidefficiency for automated processes

Core Design Contradiction:

Stability of the object's compositionVSProductivity

Solution Approach 1:

The patent introduces an intermediary layer consisting of event streams and off-chain computation mechanisms. Event streams capture and propagate transaction data without requiring all nodes to re-execute validation logic, while smart contracts provide automated execution capabilities that reduce manual intervention. This intermediary structure maintains blockchain's data integrity guarantees while enabling more efficient automated processes by reducing redundant computations across the network

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS20250055700A1Computer implemented method and system for the provision of access to a plurality of functions and applications associated with a blockchain

Publication Date: 2025.02.13 NCHAIN LICENSING AG

AI summary

A computer-implemented method and system is provided which enables interaction between a device and an asset transfer platform. The interaction can only occur if a permit data structure allows it to happen.