Blockchain Smart Contracts for Dynamic Data Value Verification
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Solution Overview
Problem
The existing data transaction systems lack dynamic adjustment to changes in data value and real-time verification of data, leading to inefficiencies in calculating and verifying the value of data provided by various parties such as manufacturing companies, data labelers, and artificial intelligence companies.
Innovation Solution
A method for data communication using smart contracts on a blockchain network that dynamically adjusts data value and automatically verifies data through real-time value calculation and verification methods, implemented in electronic devices connected to a distributed ledger system.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a conventional data transaction system uses a blockchain network with smart contracts to establish data transactions, then data transaction trust and decentralization are improved, but the system lacks dynamic adjustment capability for data value changes and real-time verification efficiency
Solution Approach 1:
The patent applies dynamics by enabling the smart contract to dynamically adjust data values in real-time based on changing conditions. The system transitions from static pre-specified prices to dynamic value calculation mechanisms that automatically respond to data quality changes, equipment accuracy improvements, and market demand fluctuations, thereby resolving the contradiction between trust and calculation efficiency.
Solution Approach 2:
The patent implements feedback mechanisms where the system continuously monitors data quality metrics, equipment accuracy, and market conditions, then feeds this information back to the smart contract for automatic value adjustment. This closed-loop feedback system enables real-time verification and dynamic pricing, eliminating the need for manual intervention while maintaining trust.
2Measurement precision
If manual verification methods are used for data and data models in the data transaction process, then verification thoroughness is improved, but real-time verification capability and automation level deteriorate
Solution Approach 1:
The patent applies self-service by enabling the system to automatically verify data and data models against predefined criteria and smart contract conditions without human intervention. The verification process is autonomous, with the system self-checking data quality, model accuracy, and transaction compliance in real-time, thereby achieving both thoroughness and automation.
Solution Approach 2:
The patent replaces manual mechanical verification processes with automated digital verification mechanisms. The smart contract automatically executes verification logic, checks data integrity, and validates model parameters through programmatic means, eliminating the need for manual inspection while maintaining or improving verification precision through computational accuracy.
3Device complexity
If pre-specified data prices are used in smart contracts, then contract simplicity is improved, but adaptability to data value changes deteriorates
Solution Approach 1:
The patent applies parameter changes by transforming the fixed price parameter in smart contracts into dynamic variables that can automatically adjust based on data quality metrics, equipment performance, and market conditions. The contract structure remains simple but the pricing parameters become flexible and adaptive, resolving the contradiction between simplicity and adaptability.
Solution Approach 2:
The patent makes the contract parameters dynamic by enabling real-time adjustment of data values based on changing conditions. The smart contract maintains its simple structure but incorporates dynamic evaluation mechanisms that automatically update prices and terms in response to data quality improvements, equipment upgrades, or market demand changes, thereby achieving both simplicity and flexibility.
Data Source
AI summary
A method for data communication and an electronic device are provided. A method for data communication executed at an electronic device of a data transmitter includes: publishing a first contract to a blockchain network or signing a first contract published by a data receiver to the blockchain network, wherein the first contract includes a first method used to trigger transmission of data between a data transmitter signing the first contract and a data receiver signing the first contract, and a second method used to trigger determination of a value of the data; and transmitting the data to the data receiver according to the first contract.