Blockchain Token Trading for Owner-Unspecified Common Assets
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Solution Overview
Problem
There is no effective system or method for trading shares of common assets that cannot be identified or do not have ownership, such as areas like the Moon, Mars, or deep-sea, or seized goods, and there is a lack of recognition of ownership in such transactions.
Innovation Solution
A blockchain-based system that allows trading shares of common assets using tokens, where a first token is used for initial registration and a second token for subsequent trades, with a process involving contract, exchange, and ownership transfer registration, and the system generates blocks for the blockchain to recognize ownership.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a blockchain-based token system is introduced for trading common assets, then tradeability and ownership recognition are improved, but system complexity increases
Solution Approach 1:
The patent introduces a blockchain as an intermediary system that mediates between trade parties and common assets. The blockchain provides a neutral, decentralized platform that records ownership transfers and enables token-based trading without requiring direct intervention from governments or central authorities, thus resolving the complexity of managing owner-unspecified assets.
Solution Approach 2:
The patent creates digital token copies representing shares of common assets. Instead of directly managing physical or legal ownership of complex assets like the Moon Sea or deep-sea floors, the system creates replicable digital representations (tokens) that can be traded on the blockchain, simplifying the trading process while maintaining ownership recognition.
2Productivity
If tokens are used for trading common assets, then transaction efficiency is improved, but the need for token exchange mechanisms increases complexity
Solution Approach 1:
The patent designs tokens with multi-functionality: they serve as both the trading medium for common assets and as a mechanism for value exchange. The same token system enables both the recording of ownership transfers and the facilitation of cash/token exchanges, reducing the need for separate specialized mechanisms and thereby limiting complexity growth.
Solution Approach 2:
The blockchain provides continuous feedback on token holdings, ownership status, and transaction history. This automated feedback mechanism allows the system to track and verify transactions without requiring complex manual verification processes, improving efficiency while keeping the exchange mechanism relatively simple through automated ledger updates.
3Reliability
If ownership registration is implemented for common assets, then reliability of ownership recognition is improved, but measurement and detection difficulty increases
Solution Approach 1:
The patent replaces traditional mechanical or legal ownership registration systems with a digital blockchain-based system. Instead of relying on physical documents, government registries, or complex legal frameworks that are difficult to detect and measure, the system uses cryptographic records on the blockchain that provide reliable, transparent, and easily verifiable ownership information.
Solution Approach 2:
The patent uses distinct token types (first tokens for initial registration, second tokens for trading) to visually and programmatically differentiate between different ownership states. This differentiation makes it easier to detect and measure ownership status at different stages of the trading process, improving both reliability and detectability.
Data Source
AI summary
The present inventive concept relates to a system for a blockchain-based share substantial trade for an owner unspecified common asset and a method therefor, the system and the method allowing trade parties to perform a trade, on the basis of blockchain, for the share of a common asset for which no owner can be specified or ownership does not exist, by using tokens, and to exchange for cash the tokens used in the trade, so as to substantially trade the share of the common asset.