Blockchain Compliance Verification via Smart Contracts
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Solution Overview
Problem
Conventional methods for recording compliance with standards are prone to errors and lack transparency, relying on manual tracking and monitoring, which can lead to incomplete, inaccurate records and implicit biases, limiting organizational transparency and accountability.
Innovation Solution
The use of a blockchain system that enables the transfer and verification of achievement and appreciation tokens through smart contracts, ensuring compliance records are immutable and transparent, allowing for community auditing and recognition of standards compliance.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If manual tracking and monitoring methods are used for recording compliance, then the system is simple to operate, but the accuracy and reliability of compliance records deteriorates due to human errors and biases
Solution Approach 1:
The patent replaces manual mechanical tracking systems with an automated blockchain-based system. Smart contracts automatically verify compliance conditions and record achievements, eliminating human errors and biases while maintaining ease of use through automated processes.
Solution Approach 2:
The system enables self-service through smart contracts that automatically execute compliance verification and token issuance without manual intervention. The blockchain network itself serves as the verification and recording mechanism, reducing dependency on human operators.
2Device complexity
If manual record keeping is used, then the system has low complexity, but transparency and accessibility of compliance records deteriorates
Solution Approach 1:
The patent transitions from two-dimensional manual record keeping to a multi-dimensional blockchain system that provides immutable, transparent, and universally accessible records. The blockchain adds layers of transparency and accessibility while maintaining operational simplicity through automated smart contracts.
Solution Approach 2:
The blockchain system serves multiple functions simultaneously: it records compliance data, provides transparent auditing, enables token issuance, and ensures data immutability. This multi-functionality replaces what would otherwise require multiple separate manual systems.
3Reliability
If automated blockchain verification is implemented, then the accuracy and transparency of compliance records improve, but the system complexity increases
Solution Approach 1:
The patent segments the complex blockchain system into manageable components: smart contracts for verification logic, blockchain for immutable recording, and achievement tokens for representation. This segmentation makes the system more manageable and easier to implement while maintaining high reliability.
Data Source
AI summary
Certain aspects of the disclosure provide a method for transferring an achievement token, comprising: receiving a request to transfer an achievement token to a user; querying a smart contract to obtain a requirement associated with the achievement token; verifying, via a blockchain, the user completed the requirement, including retrieving user evidence associated with the requirement from the blockchain; and storing user evidence with a transaction history associated with the transfer of the achievement token to the user; and transferring, via the blockchain, the achievement token to the user.