Blockchain Network Topology for Asset Transfer
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing asset transfer networks are complex and inefficient, with multiple networks for different types of assets, leading to coordination challenges and privacy concerns due to centralized administration.
Innovation Solution
A method using multiple data centers to create and manage blockchain ledgers, allowing for secure, efficient, and transparent asset transfers by separating administration and using digital signatures for validation, enabling a universal and permissioned network for asset transfers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Device complexity
If all asset transfer networks are unified into a single global network, then network complexity and record-keeping burden are simplified, but the coordination task becomes too large for a single network administrator and privacy is compromised
Solution Approach 1:
The patent divides the unified global asset transfer network into multiple independent data centers, each operating its own blockchain ledger. This segmentation allows the network to handle complex coordination tasks distributed across multiple entities while maintaining privacy, as each data center only views transactions relevant to its jurisdiction or function.
Solution Approach 2:
The patent introduces a hierarchical dimension to the network architecture, with multiple data centers operating at one level and a network-level consensus mechanism at another. This dimensional change allows the system to scale coordination complexity without concentrating all control in a single administrator, thereby preserving privacy while managing global asset transfers.
2Productivity
If a single network administrator coordinates all transfers, then record-keeping is simplified, but the administrator can view details of every transfer which limits participant privacy
Solution Approach 1:
The patent segments the centralized record-keeping function into distributed ledgers across multiple data centers. Each data center maintains its own blockchain, recording only the transactions relevant to its domain. This segmentation preserves privacy by ensuring that no single administrator can view all transfer details, while maintaining efficient record-keeping through automated blockchain consensus mechanisms.
Solution Approach 2:
The patent introduces blockchain technology as an intermediary between participants and administrators. The blockchain ledger acts as a trustless, automated intermediary that records transactions without requiring a human administrator to review each transfer. This eliminates the privacy-intruding role of the intermediary administrator while maintaining efficient, automated record-keeping.
3Loss of information
If multiple separate networks are used for different asset types, then privacy is maintained for each network, but coordination becomes complex and inefficient
Solution Approach 1:
The patent merges multiple separate asset transfer networks into a unified multi-data center system where different types of assets can be transferred across a common infrastructure. Each data center can specialize in certain asset types or jurisdictions, maintaining privacy for those specific domains, while the overall system provides efficient coordination through standardized blockchain protocols and interoperable ledgers.
Data Source
AI summary
A network topology is provided that includes multiple data centers for building blockchain blocks. The data centers can process different subgroups of blocks, and then send updates to one another with information about new blocks. Additionally, some data centers may protect sensitive block body information, and instead may only share block headers.