Blockchain Crowdsourced Innovation Tracking System
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Solution Overview
Problem
Organizations face difficulties in evaluating and tracking valuable innovations and sub-innovations due to the vast number of ideas submitted, lacking an efficient system for assessment and scoring.
Innovation Solution
A blockchain-based distributed architecture for a crowdsourced initiatives exchange ecosystem that utilizes distributed ledgers, identity validation, and credentialing systems to track, evaluate, and score innovations and sub-innovations, incorporating a processing circuit for tracking and developing sub-innovations through elimination, unification, copying, and rearrangement of attributes, and a credentialing engine for credentialed scoring.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If a traditional centralized evaluation system is used, then the evaluation process can be controlled centrally, but the system becomes inefficient and unreliable when handling innumerable ideas from global innovators
Solution Approach 1:
The system divides the centralized evaluation function into distributed evaluation nodes. Each participant node can independently evaluate and score innovations, distributing the evaluation workload across the network rather than concentrating it at a single centralized server, thereby improving scalability and efficiency
Solution Approach 2:
The blockchain system enables self-service through automated smart contracts that execute evaluation criteria and scoring automatically. The system self-manages the evaluation process, tracking innovations and sub-innovations without requiring continuous centralized intervention, improving both efficiency and reliability
2Adaptability or versatility
If innovations are made publicly accessible for evaluation, then more innovators can participate, but intellectual property rights and ownership become vulnerable
Solution Approach 1:
The system creates and stores cryptographic hashes (digital fingerprints) of innovation documents on the blockchain rather than storing the full documents themselves. This allows public verification of innovation existence and timing without exposing the actual innovative content, maintaining IP security while enabling public participation
Solution Approach 2:
The blockchain acts as a trusted intermediary between innovators and evaluators. It provides a secure, immutable ledger that verifies ownership and timing of innovations without requiring direct access to the innovation documents themselves, thus protecting IP while enabling transparent evaluation
3Reliability
If a distributed blockchain ledger system is implemented, then trust and security among computing terminals are enhanced, but the system complexity and computational requirements increase
Solution Approach 1:
The blockchain ledger serves multiple functions simultaneously: it acts as a distributed database for storing innovation records, a communication protocol for exchanging data between nodes, a verification mechanism for validating innovations, and a scoring system for evaluating ideas. This multi-functionality reduces the need for separate specialized systems
Solution Approach 2:
The system incorporates feedback mechanisms where evaluation results and scoring data are continuously recorded back into the blockchain ledger. This creates an immutable history of evaluation processes that can be reviewed and verified, enhancing trust and security while providing transparency into the evaluation methodology
Data Source
AI summary
An embodiment herein provides a blockchain configured crowdsourced initiatives exchange ecosystem that includes a plurality of computing terminals associated with respective plurality of innovators which serve as sources of initiatives identified as innovations and respective sub-innovations. The ecosystem includes a distributed trusted ledgers system, a computing device communicatively connected to the plurality of computing terminals and configured to access the plurality of computing terminals and monitor the innovations, and a processing circuit that includes an initiatives tracking device that tracks the innovations associated with the plurality of computing terminals. The processing circuit includes a central initiatives management device. The ecosystem includes a hardware-based identity validation appliance to verify integrity of the plurality of computing terminals and the associated innovators to authorize a secured access of the plurality of computing terminals and to associate metadata with the innovations defining a digital ownership identity, a digital time identity, a digital geographical identity.