Blockchain-Dependent Operation Sets With Interstitial Change Addresses
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing blockchain technologies are limited in their application beyond cryptocurrency and lack efficiency in processing transactions that require irrevocable verification and rapid confirmation, especially in mixed asset exchanges across different regions.
Innovation Solution
A method involving a blockchain transaction with an interstitial change address, allowing rapid validation and confirmation, and a system using local exchange services to facilitate efficient conversion and transfer of digital assets to fiat currency, ensuring irrevocability and privacy, while minimizing delay and exposure.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional blockchain transaction processing is used, then transaction security and irrevocability are ensured, but transaction speed and confirmation time are slow
Solution Approach 1:
The patent segments the blockchain transaction process into multiple independent components: generating a transaction request, creating an interstitial change address, obtaining conversion factors, validating the transaction, and processing dependent transactions. This segmentation allows parallel processing of validation and execution phases, improving confirmation speed while maintaining security through systematic verification at each stage.
Solution Approach 2:
The patent performs preliminary actions by pre-generating the interstitial change address and obtaining conversion factors before the blockchain transaction is fully validated and confirmed. This preliminary preparation reduces the overall transaction processing time while ensuring that all necessary components are ready for rapid execution once validation completes.
2Reliability
If blockchain transactions are used for mixed asset exchanges, then security and tamper-proof records are provided, but processing efficiency and speed are reduced
Solution Approach 1:
The patent introduces an interstitial change address as an intermediary component that facilitates mixed asset exchanges. This intermediary address serves as a temporary holding point that enables secure conversion between different asset types (cryptocurrency, fiat currency, commodities) while maintaining the tamper-proof nature of blockchain records. The intermediary mechanism allows complex multi-asset transactions to be processed more efficiently by breaking them into manageable steps.
3Measurement precision
If conversion factors are obtained from external services, then accurate asset conversion is achieved, but transaction delay and exposure risk increase
Solution Approach 1:
The patent obtains conversion factors from external services as a preliminary action before the blockchain transaction validation is complete. By securing the conversion rate in advance, the system minimizes the time the transaction is exposed to market fluctuations while ensuring accurate asset conversion. The conversion factor is locked in and used throughout the transaction processing, reducing both delay and exposure risk.
Data Source
AI summary
Disclosed herein are techniques, including a computer-implemented method, a system, and non-transitory computer-readable storage medium having stored thereon executable instructions for facilitating a transfer of assets between source and recipient. The techniques include 1) receiving a request to initiate a plurality of operations, the plurality of operations comprising a first blockchain transaction, a second blockchain transaction, and a third transaction, 2) obtaining a first conversion factor from a first service associated with a first region, 3) causing the first blockchain transaction to be recorded in a blockchain, 4) obtaining a second conversion factor from a second service associated with a second region, and 5) causing the second blockchain transaction to be recorded in the blockchain.