Blockchain Transaction Ledger for Public Organization Transparency
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Solution Overview
Problem
Public organizations face challenges in transparently managing their income and expenditure histories due to potential server attacks and internal manipulation, making it difficult for citizens and donors to access accurate transaction information.
Innovation Solution
A blockchain-based system that utilizes a server with a processor and transceiver to create and share blocks, incorporating proof of work or proof of stake mechanisms, to securely manage transaction information across public organizations and third-party servers, ensuring transparency and integrity.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional centralized server management is used, then system complexity is low and ease of operation is maintained, but transparency and security of transaction information deteriorate due to potential server attacks and internal manipulation
Solution Approach 1:
The patent segments the centralized server system into a distributed blockchain network where transaction information is divided into blocks that are distributed across multiple nodes. Each node maintains a copy of the ledger, eliminating the single point of failure and enabling transparent verification without requiring a complex centralized authority structure.
Solution Approach 2:
The patent introduces blockchain technology as an intermediary layer between public organizations and citizens/donors. This intermediary provides a decentralized, tamper-proof mechanism for recording and verifying transaction information, enhancing transparency and security while maintaining relative operational simplicity through standardized protocols.
2Reliability
If blockchain technology is implemented to enhance transparency and security, then reliability of transaction information improves, but device complexity and operational difficulty increase
Solution Approach 1:
The patent implements self-service mechanisms where the blockchain network automatically validates, records, and verifies transaction information through consensus algorithms. The system autonomously maintains integrity and transparency without requiring manual intervention for each transaction, reducing operational complexity despite the underlying technological complexity.
Solution Approach 2:
The patent creates a universal blockchain platform that can handle various types of transaction information from different public organizations through standardized interfaces and protocols. This multi-functional design allows the system to maintain high reliability across diverse applications while presenting a consistent, manageable operation model.
3Reliability
If block chain information is shared among multiple public organizations, then transparency and verification capability improve, but network complexity and communication overhead increase
Solution Approach 1:
The patent merges multiple public organization networks into a unified blockchain ecosystem where transaction information from different organizations is consolidated into a single distributed ledger. This combining approach enhances verification capability across organizations while managing network complexity through shared consensus mechanisms and standardized communication protocols.
Data Source
AI summary
A transaction information managing system including a plurality of servers and at least one third-party server, wherein the plurality of servers are configured to create, when transactions using the budget of the public organization occurs, a block based on transaction information of the transactions, add the block to the block chain, and share the block chain and the at least one third-party server is configured to perform a mathematical operation to enhance the reliability of the block chain, and a method for managing the transaction information are provided.