Blockchain Dispute Resolution via Expert Validation
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Solution Overview
Problem
Current blockchain systems face challenges in authenticating the trustworthiness of data inputs, particularly for smart contracts, which can lead to irreversible invalid transactions when untrustworthy inputs are introduced, and lack efficient mechanisms for resolving disputes over contractual outcomes in decentralized environments.
Innovation Solution
A blockchain-based platform that verifies data authenticity through a bank of trusted experts before it is committed to the ledger, using a consensus algorithm to determine dispute outcomes and store records on a permissioned blockchain network, providing additional layers of distributed consensus and incentives for accurate third-party decisions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If data is stored directly on blockchain ledger without verification, then storage speed is improved, but data authenticity and trustworthiness deteriorate
Solution Approach 1:
The system performs preliminary verification of data authenticity by requiring expert validation and consensus algorithm execution before data is committed to the blockchain ledger. This advance verification ensures that only authenticated data enters the immutable ledger, resolving the contradiction between fast storage and data trustworthiness.
Solution Approach 2:
The patent introduces intermediaries in the form of expert validators and consensus algorithms that mediate between data submission and blockchain storage. These intermediaries verify data authenticity without significantly delaying the overall process, allowing the system to maintain both speed and reliability.
2Reliability
If consensus algorithm is applied to verify all transactions, then data trustworthiness is improved, but processing time and computational resources worsen
Solution Approach 1:
The system applies consensus algorithms selectively rather than to every single transaction. By using expert validation for high-value or disputed transactions and lighter verification for routine transactions, the system maintains data trustworthiness while reducing overall processing time and computational overhead.
3Reliability
If multiple layers of verification are added to ensure data integrity, then data authenticity is improved, but system complexity worsens
Solution Approach 1:
The verification system is segmented into distinct modular components: data submission modules, expert validation modules, consensus algorithm modules, and blockchain storage modules. This segmentation allows each component to perform its specific function independently, making the complex verification process more manageable and maintainable while ensuring data authenticity.
4Reliability
If blockchain network size is increased to improve consensus reliability, then consensus accuracy is improved, but network maintenance and validation difficulty worsen
Solution Approach 1:
The patent introduces expert validators as intermediaries who simplify the consensus process by providing pre-validated data and expert judgment. This reduces the burden on individual network nodes to perform complex validation, making it easier to maintain a large blockchain network while preserving consensus accuracy.
Data Source
AI summary
A system and method for resolving contract disputes utilitizes one or more computing devices to receive a dispute resolution request, invite other parties to submit a response to the dispute resolution request, and submit the dispute to a plurality of delegates based on the type of dispute and the qualifications of the delegates. The delegates provide dispute resolution decisions, and a consensus algorithm is applied to the decisions to arrive at a consensus contract outcome. A record of the consensus contract outcome, including the disputed contract and the nature of the dispute are recorded on a permissioned blockchain and also optionally recorded on an external blockchain distributed ledger.