Blockchain Capital Transaction Tracking System

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

Buyers face difficulties in obtaining a clear understanding of the ownership history of capital assets such as heavy equipment, motor vehicles, and real estate properties, due to the lack of reliable systems for recording and making transaction histories publicly available.

Innovation Solution

A system comprising one or more computing devices configured to receive inputs including hash values generated from blockchain data and transaction information, generate a new block of data, send it for validation, and combine it with an existing blockchain to create a new blockchain, thereby tracking capital transactions securely and efficiently.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If traditional recording systems are used for capital transactions, then existing infrastructure can be maintained, but buyers cannot obtain clear understanding of ownership history and transaction records are not reliably recorded or made publicly available

Engineering Contradiction:

Improvereliability of transaction recordVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent replaces traditional mechanical/recording systems with a blockchain-based digital system. The blockchain provides reliable, immutable recording of capital transactions while enabling public access to ownership history, solving the trust and transparency issues of traditional systems.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent introduces a blockchain as an intermediary between buyers and sellers. This intermediary provides a neutral, publicly accessible ledger that reliably records transactions without requiring direct trust between parties, while maintaining system accessibility.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Loss of information

If comprehensive transaction tracking is implemented, then complete ownership history can be recorded, but system complexity and implementation difficulty increase

Engineering Contradiction:

Improvecompleteness of ownership historyVSAvoidsystem implementation complexity

Core Design Contradiction:

Loss of informationVSDevice complexity

Solution Approach 1:

The patent designs a universal blockchain system that can track various types of capital transactions (real estate, vehicles, equipment) using the same underlying technology. This multi-functional approach provides complete ownership history tracking while avoiding the need for separate complex systems for each asset type.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The patent merges multiple functions (transaction recording, ownership verification, public accessibility) into a single integrated blockchain system. This consolidation provides comprehensive ownership history while reducing overall system complexity compared to separate specialized systems.

Inventive Principle:

Principle #5Merging (Combining)

3Loss of information

If public availability of transaction records is enabled, then transparency and buyer confidence improve, but security and data protection challenges increase

Engineering Contradiction:

Improvetransparency of transaction historyVSAvoiddata security risks

Core Design Contradiction:

Loss of informationVSObject-affected harmful factors

Solution Approach 1:

The patent uses cryptographic hashing and blockchain architecture to provide transparent public records while maintaining security. The immutable, distributed nature of blockchain ensures data integrity and protects against unauthorized modifications, balancing transparency with security.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent changes the parameters of data storage and access through blockchain technology. Data is encrypted, distributed across multiple nodes, and organized in immutable blocks, providing both public accessibility and enhanced security compared to traditional centralized databases.

Inventive Principle:

Principle #35Parameter changes

Data Source

PatentUS20250124510A1Systems, methods, and media for tracking capital transactions

Publication Date: 2025.04.17 WOOD PHILIP M

AI summary

In some implementations, a system for tracking transactions can include memory; and one or more processors, wherein the one or more processors are configured at least to: receive a plurality of inputs, the plurality of inputs comprising: a first hash value generated based at least on a first portion of a first block of data of a first blockchain; a second hash value generated based at least on transaction information from one or more transactions, wherein the transaction information includes a first serial number or a vehicle identification number; wherein the one or more processors are further configured at least to: generate a second block of data based at least on the plurality of inputs; send at least the second block of data to a plurality of nodes for validation; and generate a second blockchain by combining the first blockchain with the second block of data.