Blockchain-Based Cross-Border Transfer Audit Automation

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

Current authenticity audits for cross-border resource transfers are inefficient and prone to errors due to human involvement and multiple interactions with transfer initiators, leading to low efficiency and high error rates.

Innovation Solution

A method utilizing a blockchain to store proof information issued by cross-border resource transfer receivers, allowing clients and node devices to obtain identification information and generate requests for authenticity verification, thereby automating the audit process through smart contracts and reducing human participation.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If human involvement is used in authenticity audits for cross-border resource transfers, then flexibility and adaptability in handling complex cases are improved, but efficiency and error rate are worsened

Engineering Contradiction:

Improveflexibility in handling complex casesVSAvoidaudit efficiency

Core Design Contradiction:

Adaptability or versatilityVSProductivity

Solution Approach 1:

The patent introduces a blockchain-based intermediary system that stores proof information and enables automated verification. The blockchain acts as a neutral mediator between transfer initiators and auditors, providing a trusted, immutable record that both parties can verify without human intervention. This resolves the contradiction by maintaining adaptability through the flexible blockchain architecture while dramatically improving efficiency through automated verification processes.

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The system enables self-service through automated authenticity verification where the blockchain network itself performs the audit function. Transfer initiators automatically submit proof information to the blockchain, and auditors can independently verify authenticity by querying the blockchain without human intervention. This eliminates manual auditing work while maintaining high adaptability through programmable smart contracts.

Inventive Principle:

Principle #25Self-service

2Measurement precision

If multiple interactions with transfer initiators are required for authenticity audits, then verification thoroughness is improved, but processing time and complexity are worsened

Engineering Contradiction:

Improveverification thoroughnessVSAvoidprocessing time

Core Design Contradiction:

Measurement precisionVSLoss of time

Solution Approach 1:

The patent applies preliminary action by requiring transfer initiators to submit proof information to the blockchain before the actual transfer occurs. This advance preparation ensures that all verification data is already recorded and immutable, allowing auditors to perform thorough verification instantly without needing multiple back-and-forth interactions. The thoroughness is maintained through comprehensive proof requirements, while processing time is reduced by eliminating iterative verification cycles.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system replaces the mechanical process of multiple human interactions with an automated digital verification mechanism. Instead of repeated communications between auditors and transfer initiators, the blockchain provides instant, programmatic access to proof information. This substitution maintains verification thoroughness through smart contract logic while dramatically reducing processing time by eliminating manual communication overhead.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

3Adaptability or versatility

If manual authenticity verification processes are used, then flexibility in handling edge cases is improved, but accuracy and consistency are worsened

Engineering Contradiction:

Improveflexibility in handling edge casesVSAvoidaccuracy and consistency

Core Design Contradiction:

Adaptability or versatilityVSReliability

Solution Approach 1:

The patent uses parameter changes by implementing configurable smart contract parameters that can be adjusted to handle different types of transfers and edge cases. The system maintains flexibility through programmable parameters that define verification rules, while ensuring accuracy and consistency through automated execution of these parameters. Edge cases are handled by modifying contract parameters rather than relying on manual judgment, thus maintaining both adaptability and reliability.

Inventive Principle:

Principle #35Parameter changes

Data Source

PatentUS11443307B2Cross-border resource transfer authenticity verification method, device and electronic equipment

Publication Date: 2022.09.13 ADVANCED NOVA TECH (SINGAPORE) HLDG PTE LTD

AI summary

This specification provides method for auditing authenticity of cross-border resource transfers, device, and electronic equipment. The method is implemented on a client device, and comprises: obtaining cross-border resource transfer information initiated by an initiator of a cross-border resource transfer; obtaining, in response to the cross-border resource transfer information, identification information corresponding to proof information that is stored in a blockchain and corresponds to the cross-border resource transfer information; generating a cross-border resource transfer request based on the cross-border resource transfer information and the identification information; and sending, to an auditor of cross-border resource transfers, the cross-border resource transfer request, causing the auditor to perform, based on the proof information that is stored in the blockchain and corresponds to the identification information, an authenticity verification on the cross-border resource transfer information.