Blockchain Transaction Risk Scoring for Fast Local Processing
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing blockchain technologies are slow due to the need for proof-of-work and consensus verification, making it difficult to expedite transaction processing without risking security and integrity.
Innovation Solution
A transaction processing platform assesses risk and locally processes blockchain transactions using a shadow copy of the distributed ledger before consensus verification, allowing expedited processing with minimal risk through techniques like risk scoring and quantum communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If proof-of-work mechanism is used to secure the blockchain, then security and integrity are improved, but transaction processing speed deteriorates
Solution Approach 1:
The system segments the blockchain verification process into two independent paths: a fast local processing path using a shadow copy of the ledger for low-risk transactions, and a slow consensus path for high-risk transactions requiring full verification. This allows different parts of the system to operate at different speeds without compromising overall security.
Solution Approach 2:
The patent applies local quality by creating a shadow copy of the distributed ledger that is maintained locally at each node. This local copy enables faster processing for transactions that can be verified against the shadow copy without requiring network-wide consensus, while full verification is performed only when necessary.
2Reliability
If consensus verification is performed for all transactions, then reliability is improved, but processing time increases
Solution Approach 1:
The system performs preliminary verification actions by maintaining a shadow copy of the ledger that is continuously updated with transaction information. When a transaction needs to be processed, the system can quickly check the shadow copy for preliminary verification before initiating full consensus procedures, thereby reducing overall processing time while maintaining reliability.
Solution Approach 2:
The patent applies partial action by performing only the necessary level of verification for each transaction. For low-risk transactions, the system performs partial verification using the shadow copy without requiring full consensus. For high-risk transactions, full verification is performed. This selective approach reduces unnecessary processing time while maintaining security.
3Speed
If a shadow copy of the distributed ledger is maintained locally, then processing speed is improved, but device complexity increases
Solution Approach 1:
The system creates a shadow copy of the distributed ledger that mirrors the structure and data of the original blockchain. This copy is maintained locally at each node and enables fast processing by eliminating the need to query the entire distributed network for transaction verification, thereby improving speed while adding manageable complexity through the copying mechanism.
Data Source
AI summary
Technology is disclosed herein for expediting blockchain transactions. More specifically, the technology describes techniques for assessing risk associated with expediting processing of blockchain transactions received by a transaction processing platform. When a determination is made that a transaction can be expedited, the transaction processing platform can expedite the transaction, e.g., locally process the blockchain transaction, prior to receiving a verification or confirmation from the consensus network. In this manner, the transaction processing platform can act like a local cache allowing quick access and operation on permanently stored data within the blockchain with minimal or calculated risk.