Blockchain Event Verification System
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Solution Overview
Problem
Existing systems lack efficient methods for tracking and verifying event statuses across multiple parties, leading to uncertainty and inefficiency in event completion assurance.
Innovation Solution
The implementation of a blockchain-based system that allows for the recording and verification of event statuses through linked record entries, incorporating a verification system to confirm event completion potential before the event occurs.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a blockchain-based verification system is implemented to track and verify event statuses, then reliability and transparency of event completion assurance is improved, but device complexity and system infrastructure requirements worsen
Solution Approach 1:
The patent introduces a verification system as an intermediary component between event proposers and event observers. This verification system maintains a blockchain ledger and executes verification logic to determine event completion, acting as a trusted mediator that resolves uncertainties about event status without requiring all parties to directly trust each other, thus improving reliability while managing complexity through specialized intermediary components
Solution Approach 2:
The system segments the event processing functionality into distinct components: event proposal, verification logic, blockchain ledger maintenance, and event observation. By dividing the system into these modular segments with clearly defined responsibilities, the patent improves reliability through specialized verification while managing overall system complexity through modular architecture
2Loss of information
If multiple linked blockchain record entries are created to track event statuses, then information completeness and transparency are improved, but loss of time and processing overhead worsen
Solution Approach 1:
The patent merges multiple event status updates into a single blockchain transaction when possible. Instead of creating separate blockchain entries for each status change, the verification system can combine multiple verification results into one consolidated blockchain record, reducing the number of individual processing operations while maintaining complete event status information
Solution Approach 2:
The verification logic is executed in advance by the verification system before event completion is finalized. By performing verification operations preliminarily and caching results, the system reduces the time required for real-time status checking, as observers can trust pre-verified blockchain records without requiring immediate re-verification of each event status
3Reliability
If a verification system is incorporated into the blockchain network to verify event completion, then reliability of event status verification is improved, but device complexity and computational requirements worsen
Solution Approach 1:
The verification system performs self-verification by maintaining its own blockchain ledger and executing verification logic autonomously. The verification system monitors events, verifies completion criteria, and updates the blockchain ledger without requiring external intervention for each verification step, improving reliability through consistent automated verification while managing complexity through self-service automation
Solution Approach 2:
The verification system implements feedback mechanisms where verification results are recorded on the blockchain and fed back to event observers. This feedback loop allows the system to continuously verify event status and update participants with reliable information, improving verification reliability while managing complexity through automated feedback processes rather than manual verification
Data Source
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AI summary
A method for verifying that event can take place before the event is executed is disclosed. A verification system is incorporated into an event processing network, such that the verification system can identify newly proposed events and determine whether they can be completed. The verification system can inform the network about verification results through distributed blockchain records. Other changes in event status can also be communicated through and stored in blockchain records