Blockchain Transaction Mediums With Unique Markings
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Solution Overview
Problem
Existing blockchain technologies have not fully developed mechanisms for uniquely creating sets of blockchain transaction mediums, tracking ownership, and providing income streams to owners, particularly in adapting to existing business practices.
Innovation Solution
The implementation of blockchain-based transaction mechanisms that allow for the dedicated use of blockchain transaction mediums for specific purposes, such as electronically transactable proof of ownership of securities, with unique markings and identifiable characteristics to track ownership and generate income streams.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain technology is used to track ownership and generate income streams, then transaction security and adaptability to business practices are improved, but device complexity and difficulty of implementation increase
Solution Approach 1:
The patent segments blockchain transaction mediums into distinct sets, each dedicated to specific purposes (e.g., securities, income streams). By dividing the monolithic blockchain into purpose-specific segments with unique markings, the system achieves enhanced security and adaptability while managing complexity through modular organization of transaction types and tracking mechanisms.
2Measurement precision
If unique markings are added to track ownership of blockchain transaction mediums, then measurement precision of ownership tracking is improved, but device complexity increases
Solution Approach 1:
The patent applies the concept of unique markings analogous to color changes, where each set of blockchain transaction mediums is identified by distinct characteristics (unique markings) that differentiate them. These markings serve as identifiers for tracking ownership and purpose, enabling precise measurement of ownership status without requiring complex physical modifications to the underlying blockchain structure.
3Adaptability or versatility
If blockchain transaction mediums are dedicated to specific purposes, then adaptability to business practices is improved, but loss of versatility of transaction mediums increases
Solution Approach 1:
The patent resolves the versatility loss by segmenting transaction mediums into purpose-specific sets while maintaining the ability to create new sets for different purposes. Each segmented set is optimized for its specific business practice (e.g., securities, dividends, royalties), yet the overall system remains versatile through the ability to instantiate multiple purpose-specific sets with different markings and tracking mechanisms.
Solution Approach 2:
The patent achieves universality by creating a framework where the same blockchain infrastructure supports multiple purpose-specific transaction medium sets. The system provides multi-functionality through a unified platform that can handle different business practices (securities, income streams, ownership tracking) using standardized mechanisms adapted to each purpose, rather than requiring separate systems for each function.
Data Source
AI summary
A method includes obtaining a first set of digital tokens of the single type and a second set of digital tokens of the single type from a pool; individually, separately and uniquely marking a record for each of the first set of digital tokens of the single type with a first identifiable characteristic by adding data with the first identifiable characteristic and limited only to the first set of digital tokens to the record for each of the first set of digital tokens; and individually, separately and uniquely marking a record for each of the second set of digital tokens with a second identifiable characteristic by adding data with the second identifiable characteristic and limited only to the second set of digital tokens of the single type to the record for each of the second set of digital tokens.