Blockchain Biological Asset Management via Smart Contract Identity
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Solution Overview
Problem
Current technologies face challenges in effectively digitalizing and managing biological assets, such as cattle, sheep, and horses, due to issues with identity verification and counterfeiting, which affects their financial management and tracking in agricultural and animal husbandry contexts.
Innovation Solution
A blockchain-based method and apparatus that utilize smart contracts to create and manage biological asset objects by generating unique identifiers based on identification information from sensing hardware or biological characteristic data, ensuring secure and tamper-resistant digitalization and management within a blockchain network.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional digitalization methods are used for biological assets, then the process is simpler and more accessible, but identity verification security is insufficient and counterfeiting risks increase
Solution Approach 1:
The system segments biological asset management into distinct functional components: sensing hardware for data collection, blockchain for secure storage, and smart contracts for automated verification. This segmentation allows each component to specialize in specific tasks, improving overall security while maintaining manageable complexity through modular architecture.
Solution Approach 2:
The patent introduces blockchain as an intermediary layer between biological assets and financial systems. This intermediary provides tamper-proof recording and verification mechanisms, enhancing security without requiring direct complex interactions between all system components. The smart contract acts as another intermediary that automatically enforces business rules.
2Loss of information
If blockchain technology is implemented for biological asset management, then transparency and security are enhanced, but system complexity and implementation difficulty increase
Solution Approach 1:
The blockchain system serves multiple functions simultaneously: it stores biological asset data, provides verification mechanisms, enables tracking across the supply chain, and supports financial transactions. This multi-functionality reduces the need for separate systems, managing overall complexity while enhancing information transparency.
Solution Approach 2:
The system creates digital copies of biological asset information on the blockchain that can be verified without manipulating the original assets. These cryptographic copies provide transparent information sharing across multiple parties while maintaining data integrity and reducing the need for physical verification.
3Productivity
If smart contracts are used to automate biological asset object creation, then operational efficiency is improved, but technical implementation complexity increases
Solution Approach 1:
The system performs preliminary actions by pre-defining smart contract logic and validation rules before asset creation. Templates and standardized data structures are prepared in advance, allowing automated asset object creation to proceed efficiently without complex real-time decision-making, thus improving productivity while managing complexity.
Solution Approach 2:
The smart contracts are designed to be self-executing and self-validating, automatically creating biological asset objects when triggered by verified data. This self-service capability eliminates manual intervention requirements, improving operational efficiency while the standardized contract templates keep implementation complexity manageable.
Data Source
AI summary
The present specification provides a blockchain-based method and apparatus for managing a biological asset object. The method is performed by a node device in a blockchain network, a smart contract for managing a biological asset object is deployed in the blockchain, and processing logic corresponding to contract code of the smart contract includes biological asset object creation logic, the method including: obtaining an asset object creation transaction generated by a client, where the asset object creation transaction includes identification information of a target organism; and invoking the smart contract, executing the biological asset object creation logic, and creating a target biological asset object corresponding to the target organism based on the identification information of the target organism.