Blockchain Full Node Image Verification for Asset Condition Tracking
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Solution Overview
Problem
Conventional blockchain networks and smart contracts have limitations in verifying the condition of physical assets over time, particularly in transactions involving subjective data such as asset condition, which requires manual recording and lacks objective verification.
Innovation Solution
A method and system that integrates image data and smart contracts on a blockchain, where full nodes receive and verify update image data, compare it with stored data, and generate blocks for the blockchain, ensuring consistency with smart contract terms, allowing for automated tracking and verification of asset conditions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If manual recording of asset condition data is used, then parties can indicate completion of obligations, but the data becomes subjective and lacks objective verification
Solution Approach 1:
The patent replaces manual mechanical recording processes with automated image capture and blockchain verification systems. Image data is automatically captured, hashed, and stored on the blockchain, eliminating subjective manual assessment and providing objective verification of asset condition throughout the transaction process.
Solution Approach 2:
The patent introduces blockchain technology as an intermediary between parties to verify asset condition. The blockchain serves as a neutral, decentralized ledger that objectively records and verifies asset condition data through cryptographic hashing, preventing disputes and eliminating the need for trusted intermediaries.
2Extent of automation
If image data is stored on blockchain, then automated verification of asset conditions is achieved, but system complexity increases
Solution Approach 1:
The patent segments the system into distinct functional components: image capture modules, hashing functions, blockchain storage layers, and verification interfaces. This modular architecture allows automated asset condition tracking while managing system complexity through clear separation of concerns and standardized interfaces between components.
3Reliability
If subjective information is manually recorded, then transaction flexibility is maintained, but compliance verification becomes difficult
Solution Approach 1:
The patent implements feedback mechanisms where image data is continuously captured and compared against smart contract conditions. The blockchain system provides automatic feedback on whether asset condition meets contractual requirements, enabling reliable compliance verification without losing objective asset condition information.
Data Source
AI summary
A method includes a full node storing a blockchain and being one of a plurality of full nodes forming a blockchain network receiving a message comprising update image data and a smart contract identifier from a first user device. The full node can then determine stored image data associated with the smart contract identifier. The full node can also determine whether or not image comparison data based on received image data and stored image data is consistent with a smart contract associated with the smart contract identifier and can then generate an entry for a block of the blockchain, comprising at least the smart contract identifier, the updated image data, and image comparison data. The full node can generate the block of the blockchain and transmit the block to the plurality of full nodes. The plurality of full nodes respectively verify the block. The full node can store the block on the blockchain and transmit an indication of whether or not the block was stored on the blockchain to the first user device.