Blockchain Vehicle Damage Tracking via Correlated Media
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Solution Overview
Problem
Insurance companies face challenges in efficiently and securely tracking and determining damage-related information from millions of vehicles, particularly in minor accidents, as there is no centralized system to collect and record such data reliably.
Innovation Solution
A method and system utilizing blockchain technology for vehicles to detect potential damage events, record and analyze media files, and determine actual damage by correlating data from multiple vehicles, with a server accessing and storing relevant video files and damage assessments on a remote storage for audit and claim processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a centralized system is implemented to collect and track accident-related information from millions of vehicles, then the reliability and efficiency of damage tracking improves, but the system complexity and security risks increase
Solution Approach 1:
The patent introduces a blockchain network as an intermediary layer between vehicles and insurance companies. This decentralized ledger acts as a neutral mediator that enables secure data sharing without requiring a centralized authority, thus improving reliability while avoiding the complexity and security risks of centralized systems.
Solution Approach 2:
The system segments the centralized tracking function into distributed nodes across the blockchain network. Each vehicle, server, and insurance company operates as an independent node that contributes to and verifies the collective accident data, eliminating the need for a single complex centralized system while maintaining data reliability.
2Measurement precision
If multiple media files from multiple vehicles are collected and analyzed, then the accuracy of damage determination improves, but the data processing time and computational resources increase
Solution Approach 1:
The system performs preliminary actions by continuously recording media files and pre-processing sensor data in vehicles before accidents occur. When a collision is detected, the already-prepared data can be immediately retrieved and shared via blockchain, eliminating the need for real-time data collection and processing during the actual accident event, thus reducing processing time while maintaining accuracy.
Solution Approach 2:
The patent uses digital copies of media files and sensor data stored on the blockchain network. Instead of transferring and processing large amounts of raw data, the system shares verified data copies through the decentralized ledger, reducing computational overhead and processing time while maintaining the accuracy needed for damage determination.
3Ease of operation
If video files and sensor data are stored on remote storage, then the accessibility and auditability of accident records improves, but the storage costs and data security risks increase
Solution Approach 1:
The blockchain network serves as a secure intermediary for storing and accessing accident data. Rather than relying on traditional remote storage vulnerable to hacking and unauthorized access, the decentralized ledger provides cryptographic security while maintaining accessibility through its distributed nature, thus reducing security risks while preserving ease of operation.
Solution Approach 2:
Instead of centralizing data storage in vulnerable remote servers, the system inverts the approach by distributing storage across numerous decentralized nodes in the blockchain network. This inversion transforms the security model from centralized vulnerability to distributed resilience, maintaining accessibility while dramatically reducing security risks.
Data Source
AI summary
An example operation may include one or more of receiving, by a server, a video file from a transport, the video file reflecting an accident, requesting a permission to access video files from a plurality of transports within a pre-defined range from the transport, analyzing the video file from the transport and the video files from the plurality of the transports to determine a damage to the transport, and storing the video files from the plurality of the transports that correlate with the video file from the transport on a remote storage.