Enterprise Blockchain Asset Management via Hash Segmentation
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Solution Overview
Problem
Existing global blockchain ledgers lack the capability to securely and accurately store detailed information about participant transactions, leading to difficulties in resolving disputes and ensuring accountability without compromising privacy or security.
Innovation Solution
A system utilizing a centralized processing server as a third-party facilitator, which manages a private blockchain for detailed transaction records while storing a hash of these records in a global ledger, ensuring privacy and security.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If detailed transaction information is stored in a global blockchain ledger, then accountability and dispute resolution capability are improved, but participant privacy is compromised
Solution Approach 1:
The patent extracts detailed transaction information from the global blockchain ledger, storing only hash values in the public ledger while maintaining full transaction details in private ledgers controlled by participants. This extraction allows the global ledger to provide accountability through hash verification without exposing sensitive transaction data, thus resolving the contradiction between accountability and privacy.
Solution Approach 2:
The patent introduces hash values as an intermediary between the global blockchain ledger and detailed transaction information. These hash values serve as verifiable proxies that enable dispute resolution and accountability without revealing actual transaction details, allowing the system to maintain both privacy and reliability simultaneously.
2Loss of information
If only hash values are stored in the global ledger, then privacy is maintained, but the ability to resolve disputes and verify transaction details is lost
Solution Approach 1:
The patent implements preliminary action by having participants store complete transaction information in their private ledgers before any potential dispute arises. This pre-stored detailed information, combined with hash values in the global ledger, enables immediate verification and dispute resolution without compromising privacy, thus resolving the contradiction between privacy maintenance and dispute resolution capability.
3Ease of operation
If each entity maintains its own customized blockchain, then operational flexibility and privacy are improved, but global accountability and consistency are compromised
Solution Approach 1:
The patent segments the blockchain system into two distinct layers: private ledgers where entities maintain customized transaction records for operational flexibility, and a global blockchain ledger that stores hash values for accountability. This segmentation allows each entity to operate with full flexibility in their private ledger while the global ledger ensures consistency and accountability through hash verification, resolving the contradiction between operational flexibility and global accountability.
Data Source
AI summary
A method for private management of digital assets for multiple participants of a global blockchain includes: receiving, by a receiver of a processing server, a transaction notification for a proposed currency transfer, the transaction notification including at least a sending identifier, a recipient identifier, and a transfer amount; generating, by a processor of the processing server, a transaction data value for the proposed currency transfer, the transaction data value including at least the sending identifier, the recipient identifier, and the transfer amount; applying, by the processor of the processing server, a cryptographic hashing function to the generated transaction data value to generate a hash value; publishing, by the processor of the processing server, the generated transaction data value to a private blockchain; and publishing, by the processor of the processing server, the generated hash value to a public or permissioned blockchain.