Blockchain Privacy Group Restricted Transaction Handling
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing private networks face challenges in ensuring secure, standardized, and efficient information transfer due to diverse systems, varying security protocols, and non-standardized data storage, leading to integration difficulties, security vulnerabilities, and costly information recovery processes.
Innovation Solution
A blockchain network with a consensus mechanism of evidence of authority allows for the creation of restricted, anonymous transaction blocks that can only be decrypted and executed by nodes within a specific privacy group, using encryption privacy keys, enabling both privacy and anonymity while maintaining immutability through summary algorithms.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If each participant develops its own system with different technologies and protocols, then each system can be customized to specific needs, but integration between systems becomes complex and costly
Solution Approach 1:
The patent implements a universal blockchain protocol that can handle multiple types of transactions (public and private) through a single standardized interface. The blockchain network serves multiple functions: it acts as a public ledger for transparent transactions and as a private communication channel for restricted transactions, eliminating the need for separate integration systems for different transaction types.
Solution Approach 2:
The blockchain network acts as an intermediary layer between different participants' systems. Instead of systems directly integrating with each other, they all communicate through the standardized blockchain protocol, which mediates the interaction and handles the complexity of cross-system communication.
2Reliability
If different security protocols are implemented across systems, then each system can optimize its own security, but the overall network becomes more susceptible to compromise
Solution Approach 1:
The patent enforces homogeneous security standards across the entire blockchain network through standardized encryption and authentication protocols. All participants must use the same cryptographic algorithms and key management practices, ensuring that security levels are consistent throughout the network rather than varying between systems.
Solution Approach 2:
The blockchain implements pre-established security measures including cryptographic hashing, digital signatures, and consensus mechanisms that protect the network before attacks occur. The distributed nature of the blockchain provides redundancy and resilience against security breaches, cushioning the network against potential compromises.
3Ease of manufacture
If data is stored in non-standardized manners across systems, then each system can optimize its own data structure, but repeated data reconciliations are required
Solution Approach 1:
The blockchain enforces a standardized data structure for all transactions, requiring all participants to format their data according to the same schema. This homogenization eliminates the need for reconciliation, as all systems speak the same data language from the outset.
Solution Approach 2:
The blockchain validates and standardizes data structures before transactions are committed to the ledger. This preliminary action ensures that all data is properly formatted and consistent before it becomes part of the permanent record, preventing future reconciliation needs.
4Adaptability or versatility
If information is distributed across multiple independent systems, then system autonomy is maintained, but information recovery becomes costly and time-consuming
Solution Approach 1:
The patent merges the distributed storage capabilities of multiple independent systems into a unified blockchain ledger. While participants maintain autonomy in how they access and use their data, the actual information is combined into a single distributed ledger that all participants share, enabling efficient recovery without requiring complex cross-system data aggregation.
Data Source
Figure 1
Figure 3~4
Figure 5
AI summary
A blockchain arrangement configured to simultaneously distribute at least one public transaction and/or a restricted transaction, wherein the disposition includes a plurality of participating nodes (12) and a plurality of validator nodes (13) connected by a telecommunications network (14); wherein a proponent participant node (12) is configured to send to all the validator nodes (13) the contents of a tx information transaction record, together with the identifier of a particular preconfigured privacy group; to provide the capabilities of anonymity and privacy to the blockchain system that distributes blocks of information transaction records; such that at least one recipient participating node (12), connected to a blockchain network (11), is able to decrypt, read, and execute the information transaction record blocks encrypted by the validator or mining nodes (13) of the blockchain network (11).